Arbinet-thexchange and PricewaterhouseCoopers Create Full-Service
Bandwidth Trading Solution
NEW YORK – August 7, 2000 – With the launch of its Global Delivery Platform, Arbinet-thexchange,
the full-service trading solution for buyers and sellers of telephony bandwidth, today announced the completion of
the first phase of an extensive collaboration with PricewaterhouseCoopers, the world’s largest
professional services organization. PricewaterhouseCoopers provides thexchange with business
process consulting, systems integration and programming support for the project. Specifically,
PricewaterhouseCoopers helped identify and integrate the best-of-breed components to provide the
ultimate carrier-grade systems implementation to facilitate automated trading, dynamic delivery
and consolidated settlement and billing. In situations where off-the-shelf components weren’t
available, PricewaterhouseCoopers custom developed proprietary software, such as the settlement
and reconciliation package, that tie together all these pieces into a reliable, world-class package.
“Providing a full-service solution that automates a complex, multi-step process for an industry is an
ambitious undertaking, the value proposition to our members depends on these components working together
seamlessly,” stated Anthony L. Craig, Arbinet-thexchange Chairman and CEO.
“PricewaterhouseCoopers’ depth of experience in the communications industry was crucial in helping
us develop a solution the world’s leading carriers can trust to provide an efficient, utterly reliable
solution for their telephony bandwidth trading needs.”
“Arbinet-thexchange has a laser focus on ensuring that members are able to realize reduced costs and ber
profitability by conducting real-time buy and sell transactions of telephony bandwidth on a reliable,
full-service platform,” said Mike Reuschel, Management Consulting Services partner and COO, New World Network,
of PricewaterhouseCoopers. “PricewaterhouseCoopers was very pleased to team with Arbinet-thexchange
to build one of the most advanced, automated, full-service business process solutions in the market today.”
The Management Consulting Services practice of PricewaterhouseCoopers helps clients maximize their business performance
by integrating strategic change, process improvements and technology solutions. Through a worldwide network
of skills and resources, consultants manage complex projects with global capabilities and local knowledge,
from strategy through implementation. PricewaterhouseCoopers (www.pwcglobal.com) is the world’s largest professional
services organization. Drawing on the knowledge and skills of more than 150,000 people in 150 countries, we help our
clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve
performance in an Internet-enabled world.
PricewaterhouseCoopers refers to the member firms of the worldwide PricewaterhouseCoopers organization.
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. For more
information, visit Arbinet-thexchange at www.thexchange.com.
120 Albany St. Tower II, Suite 450, New Brunswick, NJ
phone: 732-509-9100, fax: 732-509-9101, website: www.arbinet.com