FOR IMMEDIATE RELEASE
Arbinet-thexchange Appoints Subodh Nayar Senior VP, Business Development to Deliver New Cost-Saving Services to Members
NEW YORK – April 9, 2001 –
Arbinet-thexchange, the full service trading solution for buyers and sellers
of telephony bandwidth, has appointed Subodh Nayar senior vice president, business development.
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.
75 Broad Street, 20th Floor – New York, NY 10004
# # #