FOR IMMEDIATE RELEASE
100 Telecom Carriers Now Use Arbinet-thexchange to Trade Bandwidth Online
NEW YORK – November 29, 2000 –
Arbinet-thexchange, the full-service trading solution
for buyers and sellers of telephony bandwidth, announced today its membership has passed
100 companies, including seven of the world’s top ten originators of international minutes.
This milestone is significant because it demonstrates Arbinet-thexchange’s robust level of
liquidity – the variety and volume of capacity traded.
“The rapid growth in Arbinet-thexchange’s membership demonstrates that the industry has
recognized that our service represents a more profitable way to trade,” stated Curt
Hockemeier, Arbinet-thexchange President and CEO. “Arbinet-thexchange pioneered the
bandwidth exchange business, and more than $80 million has been invested in the
company. Thexchange has built the world’s only fully scalable, carrier-grade, systems
platform that automates the entire process from credit management to delivery to cash
Arbinet-thexchange is the full-service, online exchange for on-demand transactions, automated physical delivery and settlement of trades of telephony bandwidth. Thexchange is neutral, favoring neither buyers nor sellers, and allows participants to trade anonymously. Automated delivery is accomplished by employing advanced trading software and a set of patented processes to link the web-based trading platform with carrier-grade telecommunications switching equipment. Arbinet-thexchange handles all invoicing, collection and payment for trades effected on its exchange and provides continuous monitoring and online rating of the service quality of each seller’ s network.
Arbinet-thexchange estimates the total global market for telephony bandwidth measured in minutes at $706 Billion in 2000. This market is characterized by both falling prices and a high level of SG&A; expense, which at 25% of revenues is 9% higher than the U.S. corporate average. Use of Arbinet-thexchange’ s full-service, automated trading solution helps members cut costs and maintain profitability by providing the opportunity to generate incremental revenues, as well as lowering the cost, risk and transaction time required to complete transactions for telephony bandwidth. For more information, visit Arbinet-thexchange at www.thexchange.com.
120 Albany St. Tower II, Suite 450, New Brunswick, NJ
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