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September 28, 2004
And other IP focused Business Unit is Sold: Band-X IP Trading Exchange goes to Arbinet
Looks like Arbitnet was looking to strengthen their S-1 filing. Doesn't hurt to pick up the business of a potential competitor along the way to an IPO.
Band-X was the first "exchange" in the IP Communications space and their original target was the sale of bandwidth. Min-X, a company that I started which eventually morphed into Vonage, focused on IP based Minutes. Band-X was amongst the first of the bandwidth exchange to raise "real money." Back when Arbinet started their core focus was on TDM (non-IP) Minutes. Arbinet only entered the IP Minutes trading space after Min-X launched operations.
Band-X has been a survivor in the bandwidth exchange wars and in effect was amongst the last companies standing in that space. Over the years Band-X did all the right things to build their business and differentiate their offerings. There was a time when Band-X purchased Telegeography and at the time it made perfect sense...and due to the economic times that it lived thru came the time to sell the Telegeography business.
I look forward to watching Band-X continue to morph and redefine the markets where Wall Street trading concepts meet with the Communications Industry.
Posted by jeff on September 28, 2004 07:24 AM | Permalink
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