asterisk users - Sep 2005 - Can I connect an IAXy to my Panasonic PBX?

Hi,

I was wondering if I can connect my IAXy (the old blue model) to my
Panasonic Analog PBX???

Something like this:
(PanasonicPBX)<->(IAXy)<->(*)<-->[Internet]<-->(*)<->(IAXy)<->(PanasonicPBX)

Thanks in advance!

Raul