Arbinet Buys Band-X Biz

Arbinet acquires Band-X's IP trading exchanges in New York, London, and Edinburgh

September 27, 2004

1 Min Read

NEW BRUNSWICK, N.J. -- Arbinet, the leading electronic market for communications trading, announced today that it has acquired Band-X's IP Trading Exchange business with more than 200 buyers and sellers in New York, London and Edinburgh. This acquisition expands the geographic coverage of Arbinet's data on thexchange(SM) marketplace, launched in July in Los Angeles.

Data on thexchange enables Tier 1 and regional service providers, content aggregators, ISP's, cable operators, e-commerce businesses, gaming providers and enterprises to buy and sell Internet routes using Arbinet's automated trading system. The platform routes a buyer's traffic to sellers of the entire Internet or specific autonomous system numbers (ASNs) by its performance and price criteria, and consolidates billing and collections with one settlement.

"We will integrate these Internet exchange delivery points with our Los Angeles EDP to create an electronic market where over 225 industry buyers and sellers trade, route and settle Internet access," says Curt Hockemeier, president and CEO of Arbinet. "We believe this acquisition will allow more buyers and sellers to improve profitability and cash flow by reducing their numbers of interconnections, reducing selling, legal, billing and collection expenses and eliminating disputes and bad debt," Hockemeier says.

"Not only do we acquire new customers, facilities and equipment with this acquisition, we also gain a sales, support and technical team in these markets," adds Roger Kim, vice president data on thexchange. "We believe the acquisition will accelerate the growth of our exchange for Internet capacity."


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