Trading Desk – RateXchange Launches IP Access with TeleCity

Posted: 05/2001

Trading Desk

RateXchange Launches IP Access with TeleCity

RateXchange Corp. (www.ratexchange.com)
and TeleCity PLC Internet Exchange (www.telecity.co.uk),
Europe’s leading provider of Internet infrastructure and outsourcing services,
jointly announced that they have launched the RateXchange "IP Access"
Internet access service.

TeleCity is building and will run the physical exchange upon which the
neutral RateXchange Trading System (RTS) will operate. TeleCity also is
responsible for measuring key QoS metrics on providers’ networks–enabling
buyers to make procurement decisions on the basis of cost and QoS information.

Launched March 27 in London, the service will be rolled out progressively to
other TeleCity locations by the end of the year.

TeleCity has 11 facilities throughout Europe. The service will allow ISPs,
carriers, other service providers and major enterprises to procure
quality-assured Internet access bandwidth from major backbone ISPs.

The service presents an alternative to peering agreements that are
increasingly less satisfactory for ISPs and other buyers of wholesale Internet
access. It also may prove a more viable option to many smaller ISPs.

"This is a natural extension of our bandwidth trading services into the
Internet access market," says Russ Matulich, senior vice president,
RateXchange. "TeleCity is an excellent partner for RateXchange because of
its proven engineering expertise and strategic collocation facilities. This is a
primary example of how RateXchange can expand the application of its trading
platform into new markets utilizing key relationships."

TeleCity’s sales and marketing director Glenn Tookey adds, "This
relationship is wholly consistent with our model of providing value-added
services. This service will strengthen our position as a carrier neutral service
provider and coupled with our high quality data centers, cements TeleCity as
Europe’s premier Internet outsourcing operation."