RateXchange and London Satellite Exchange forge bandwidth alliance

Jan. 11, 2001
RateXchange Corporation (Amex: RTX) and The London Satellite Exchange announced the first global alliance that provides bandwidth users the ability to fulfill both satellite and fiber optic bandwidth requirements at the same time.

RateXchange Corporation (Amex: RTX) and The London Satellite Exchange announced the first global alliance that provides bandwidth users the ability to fulfill both satellite and fiber optic bandwidth requirements at the same time.

RateXchange operates a trading system for fiber optic bandwidth, and The London Satellite Exchange is an on-line exchange for the satellite industry. The alliance between the companies allows users immediate access to satellite and fiber optic bandwidth capacity and prices, thus resulting in their ability to package value-added network solutions and improve their margins.

RateXchange provides telecommunications, energy and utility companies, and financial institutions with access to the RateXchange Trading System (RTS) which significantly reduces the time and cost of selling, buying and delivering bandwidth. This alliance diversifies both companies' product offerings by allowing their users to package total bandwidth requirements. The London Satellite Exchange operates an on-line exchange for the satellite industry. The alliance enables satellite users to meet more easily their combined satellite and fiber optic bandwidth needs.

Jon Merriman, CEO of RateXchange, said, "Satellite and fiber are two complementary ways of satisfying increasing demand for content and other communications applications. Until now customers have not been able to access global satellite capacity and fiber optic bandwidth solutions together on-line. This alliance leverages RateXchange's and The London Satellite Exchange's areas of expertise to the customer's advantage and should increase liquidity in both marketplaces."

The London Satellite Exchange publishes an Index of satellite transponder prices that track per-MHz prices in the C and Ku bands. RateXchange and The London Satellite Exchange are cooperating closely to publish indexes for both satellite and terrestrial bandwidth.

About RateXchange Corporation:

RateXchange Corporation provides global trading solutions to telecommunications, energy and utility firms, financial institutions and commodity traders.

About The London Satellite Exchange:

The London Satellite Exchange is a marketplace for the satellite industry.

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