Inteliquent(R) Declares Special Dividend and Initial Quarterly Dividend

Inteliquent(R) Declares Special Dividend and Initial Quarterly Dividend

CHICAGO, May 29, 2013 (GLOBE NEWSWIRE) -- Neutral Tandem, Inc. d/b/a
Inteliquent (Nasdaq:IQNT), a leading provider of voice interconnection
services, today declared a special dividend of $1.25 per share. The special
dividend will be paid on June 28, 2013, to shareholders of record as of the
close of business on June 14, 2013.

The Company also today declared its initial regular quarterly dividend of
$0.0625 per share.The regular quarterly dividend will be paid on June 24,
2013, to shareholders of record as of the close of business on June 10, 2013.

Cautions Concerning 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 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: our ability to pay any special one-time cash dividend; risks
associated with the changes to our capital structure resulting from the
declaration and payment of any special one-time cash dividend or recurring
dividend; and other important factors included in our reports filed with the
Securities and Exchange Commission, particularly in the "Risk Factors" section
in our Annual Report on Form 10-K for the period ended December 31, 2012, as
such Risk Factors may be updated from time to time in subsequentreports.
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.

About Inteliquent

Headquartered in Chicago, Inteliquent is a leading provider of wholesale voice
services for carriers and service providers.Inteliquent is used by nearly all
national and regional wireless carriers, cable companies and CLECs in the
markets it serves, and its network carries approximately ten billion minutes
of traffic per month.Please visit Inteliquent's website at
www.inteliquent.com and follow us on Twitter@Inteliquent.

CONTACT: Investor Contact
         Inteliquent
         Darren Burgener
         (312) 380-4548
        
         Media Contact:
         Kelly Stein
         kstein@inteliquent.com
         (312) 384-8039

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