Arbinet Names New CEO

Arbinet announces William Freeman's appointment as president and CEO and changes to board of directors

November 19, 2007

2 Min Read

NEW BRUNSWICK, N.J. -- Arbinet-thexchange, Inc. (Nasdaq: ARBX - News) today announced that William M. Freeman has been appointed President and Chief Executive Officer of the Company. He succeeds Roger H. Moore, an Arbinet Board member who has served as Arbinet's interim Chief Executive Officer since June 2007.

Mr. Freeman joins Arbinet with more than 30 years of experience in the telecommunications industry, having served in senior leadership positions at Bell Atlantic Corporation, Verizon Communications Inc., Leap Wireless International and TerreStar Corporation (formerly Motient Corporation). He brings to Arbinet significant expertise in strategic planning, operations, marketing and customer relations. Mr. Freeman's record of accomplishments includes significantly increasing net income at Bell Atlantic-Washington, D.C. through, among other things, the first ever incentive regulation plan in Washington, D.C.; he also negotiated a strategic partnership with 7-Eleven Inc., which jump-started Verizon's prepaid calling card business.

"Bill is a proven leader and hands-on operator who has the right combination of experience to lead Arbinet," said Robert C. Atkinson, Chairman of Arbinet's Board of Directors. "As a veteran in the telecommunications industry, he understands our customers' needs and how to address them. We are pleased to have Bill join the Arbinet team at this important time as we add to our successful trading platform a wider range of features and services to address additional traffic management requirements of a growing range of customers."

"Arbinet's technology and product and services portfolio uniquely position the Company to serve telecommunications providers globally. I believe the Company has significant untapped potential," said Mr. Freeman. "The Arbinet Board and senior management team have been working on a multi-year strategic plan to best capitalize on the Company's strengths. I look forward to utilizing these efforts and leveraging my own experience and relationships to lead the Company to consistent, profitable growth and value creation."

Arbinet-thexchange Inc. (Nasdaq: ARBX)

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