Inteliquent Announces Definitive Settlement With Large Customer

Inteliquent Announces Definitive Settlement With Large Customer

CHICAGO, Dec. 11, 2012 (GLOBE NEWSWIRE) -- Inteliquent^tm (Nasdaq:IQNT), a
leading provider of global interconnection and interoperability solutions,
announced today that it has definitively settled a previously disclosed
dispute with one of its largest customers relating to the termination of
certain long distance traffic. As part of the settlement, Inteliquent will
make a one-time payment of $9 million in December to this customer. The
settlement agreement contained a full and mutual release related to this
dispute.

In addition to the settlement, Inteliquent and the customer have agreed to new
terms that govern a portion of their commercial relationship. As a result,
effective October 5, 2012, Inteliquent will continue to provide various voice
services to the customer, but at pricing that is significantly lower than the
previous rate structure. Also, the Company will pay the customer a significant
amount for certain long distance traffic that it terminates to the customer's
network.

Inteliquent also confirms that it is not aware of any similar material
disputes with other telecom carriers.

"We are pleased that this matter has been resolved amicably and we will
continue our longstanding business relationship.Our voice services are
utilized by almost every major carrier in the U.S and we remain confident in
our market position going forward," said Ed Evans, Chief Executive Officer of
Inteliquent.David Zwick, Executive Vice President and Chief Financial
Officer, added, "Our customers are one of our most important assets.We look
forward to starting a new chapter with this customer and working together for
many years to come."

About Inteliquent

Headquartered in Chicago, Inteliquent (operating under the legal names Neutral
Tandem, Inc. and Tinet S.p.A. or the name of the applicable affiliate)
provides intelligent networking to solve challenging interconnection and
interoperability issues on a global scale. With an advanced MPLS network that
is highly interconnected to carriers around the world, Inteliquent provides
voice, IP Transit and Ethernet service solutions to major carriers, service
providers and content management firms based in more than 80 countries and six
continents. With more than 130 Ethernet sites worldwide, the Company is the
largest global Ethernet interconnection provider, a top-five global IP Transit
provider and has a leading IPv6 network. Please visit Inteliquent's website at
www.inteliquent.com and follow us on Twitter@Inteliquent.

The Inteliquent logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3797

Forward-Looking Statements

This press release contains "forward-looking statements" that involve
substantial risks and uncertainties.All statements, other than statements of
historical fact, included in this press release regarding our strategy, future
operations, future financial position, future revenues, projected costs,
prospects, plans and objectives of management are forward-looking
statements.The words "anticipates," "believes," "efforts," "expects,"
"estimates," "projects," "proposed," "plans," "intends," "may," "will,"
"would," and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain these
identifying words.Actual results or events could differ materially from the
plans, intentions and expectations disclosed in the forward‑looking statements
we make.Factors that might cause such differences include, but are not
limited to: the effect of the settlement on our capital structure; the loss of
traffic or decrease in margin associated with the traffic we terminate to the
customer's network; the possible loss of traffic that originates from the
customer notwithstanding the resolution of this dispute; the effect of other
disputes we may have with this customer; and other important factors included
in our reports filed with the Securities and Exchange Commission, particularly
in the "Risk Factors" section of our Annual Report on Form 10-K for the period
ended December 31, 2011, as such Risk Factors may be updated from time to time
in subsequent reports.Furthermore, such forward-looking statements speak only
as of the date of this press release. We undertake no obligation to update
any forward-looking statements to reflect events or circumstances after the
date of such statements.

CONTACT: Media Contact:
         Jaymie Scotto & Associates
         1-866-695-3629
         pr@jaymiescotto.com
        
         Investor Contact:
         Inteliquent
         Darren Burgener
         (312) 380-4548

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