This excerpt taken from the IBAS 10-Q filed May 8, 2008.
Accounts Payable to Related Parties
As of March 31, 2008 and December 31, 2007, we had accounts payable to KPN and its subsidiaries of $7.8 million and $11.8 million, respectively. These amounts are reflected in Accounts payablerelated parties on the Condensed Consolidated Balance Sheets. This balance includes the $14.2 million due to KPN for the post-closing working capital and debt adjustments of iBasis and KPN GCS.