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| Author | Topic: Arbinet Holdings |
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Mayor of Investorville Administrator |
posted 03-14-2000 11:58 AM
 
Arbinet Holdings has created an Internet-based B2B trading exchange for telecom service providers -- the Arbinet Global Clearing Network (AGCN). Nearly 50 companies have signed on with the AGCN, which offers a neutral cyber-trading floor where minutes of network capacity are bought and sold. Arbinet automatically delivers that capacity through its switches using software it developed. The company handles the invoicing, collection, and payment for all trades. In operation since 1996, Arbinet was founded two years earlier by VC Alex Mashinsky, who owns about 22% of the company. It plans to raise $115 million and go public soon, although an official date has not yet been set. (source: SEC filing) |
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