A cyber-based trading post for international wholesale telephone minutes is now up on the Web. Called Band-X, it acts as the ?Exchange and Mart? of the telecomms business, and is aimed at operators that want to trade telecomms capacity.
Buyers and sellers can place details of telephone minutes they wish to buy or sell anonymously. Information such as cost, destination of the calls, and technical specifications will be put up on the Web site by the seller. Potential buyers will then contact Band-X who will put them in touch with the seller. Band-X is also offering a standard interconnect agreement contract which companies can use as a basis for a deal.
Band-X will charge a commission of 2.25 per cent to the advertiser, 25 per cent of which will be passed to the buyer.
The site was the brainchild of Richard Ellliot, a former director of the equities division of Kleinwort Benson, and Marcus de Ferranti, a former executive at the IT subsidiary of GEC.
Said de Ferranti: ?The trading of international wholesale telecomms minutes is a muddle for the buyer. There are no clear prices and there could be many different arrangements. If you want to buy capacity, instead of ringing round, just look on Band-X for the different prices.?
The site has already received 30 registrations from carriers such as Colt Telecommunications, Cable and Wireless, and Global One. de Ferranti anticipates the site will bring together carriers from all over the world.
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