212-725-1900 ext. 204
FOR IMMEDIATE RELEASE
Telenor Joins Ranks of Arbinet-thexchange Members
Norwegian Telecommunications Group “Spots” Benefit
in Online Trading Platform
London – April 4, 2002 – Norwegian telecommunications group Telenor has announced its membership to Arbinet-thexchange, the full-service trading solution for buyers and sellers of voice minutes. By joining Arbinet-thexchange, Telenor opens its extensive network to over 160 global Members that have access to 90 percent of the world’s wholesale traffic via thexchange.
For carriers looking to participate in the wholesale spot market, thexchange provides a unique alternative to other business models. It is easy to adopt, efficient and saves on the traditional time and overhead associated with minutes trading. For example, if a service provider doesn’t have the pricing or quality of service needed, Arbinet-thexchange automatically routes them to multiple Members that meet their criteria.
“Arbinet-thexchange is one of the many tools telecommunications companies are sourcing to add efficiency and gain a competitive advantage,” says Terje Haufmann, Director, Trading Department, Telenor Global Services AS.
Haufmann notes that Telenor is responsible for bringing advanced Telecom solutions out to Norwegian customers. Telenor has invested large sums of money over the last few years in extending and maintaining this network, access to which is now available to thexchange’s 160 Members.
Telenor is the most recent of the world’s leading international carriers to connect to thexchange, joining the ranks of many other European and Asian incumbent, tier 1, VoIP and regional specialist carriers. Eight of the world’s top ten carriers currently trade in thexchange’s 1,500 worldwide markets.
Telenor ASA is an international provider of high quality telecommunications, data and media communication services, with a particularly strong focus on mobile, Internet and broadband services. Headquartered in Oslo, Norway, the company is present in over 30 countries, with revenues of NOK 37.6 billion (US$4.3 billion) in 2000. Internationally, Telenor continues to target investments within mobile, Internet, TV-distribution and satellite communications, constantly providing its worldwide customers with leading-edge solutions at competitive prices. Telenor ASA is listed on the Oslo Stock Exchange (TEL) and Nasdaq in New York (TELN).
Telenor Global Services AS provides international wholesale services to telecom operators and mobile operators throughout the world. TGS offers a broad portfolio of services including international voice termination, broadband capacity and GRX solutions. The company had a turnover of almost NOK 1.9 billion (US$ 220 million) last year. TGS is a part of the Telenor group.
Two processes central to all telecom companies are selling access to their networks and routing off-net traffic to destinations worldwide. Arbinet-thexchange has created the spot market and designed and built the world’s most advanced system to automate anonymous minutes trading between telecom companies. The world’s leading telecom carriers use this system to perform dynamic least cost routing via the spot market to reduce their cost of service and expand revenues by reaching new markets without extensive network build out.
Thexchange’s system automates sales and purchase order execution, complex calling code matching, call routing to specific breakout destinations and manages the quality of service of traded capacity. The system also handles the credit risk management, billing and commercial settlement aspects of these transactions. Currently over 160 members are using thexchange to process calls at about a four billion minute per year run rate. Arbinet-thexchange also develops and distributes AXCESSCODEsm international calling code breakouts, the standard market reference tool. For more information, visit Arbinet-thexchange at www.thexchange.com.
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