Dubai-headquartered International Telecommunications Clearing Corp (ITCC) announced Sunday it is setting up a new minutes and bandwidth exchange through an Internet-based trading floor to enable telecommunications majors to optimize capacity, the Gulf News reported Monday.
The company plans to have a global network with telecommunications hubs in London, Hong Kong, Los Angeles, New York and Miami scheduled to be up and running by next March, the daily said.
The B2B exchange proposes to become the full service trading solution for buyers and sellers of telecommunications minutes bandwidth, the paper quoted officials as saying.
"Once connected to an ITCC exchange point - or hub - carriers can buy or sell minutes and bandwidth using the web-based trading floor," CEO Bonaventure C.K. Wong told the daily. "This high-speed network facilitates delivery within seconds." - Albawaba.com
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