UK-based Band-X, an online exchange for telecom and Internet capacity, would invest upto $10 million in India to launch a trading floor in Mumbai allowing Indian Internet Service Providers (ISPs) to
buy capacity based on market price.
“The project would allow ISPs to buy bandwidth capacity
via the company's trading floor providing maximum flexibility
and minimum risk on the basis of prices which reflect market
movement,” Pran Mehra, CEO of Band-X India, told reporters.
Mehra said that the company would invest upto $10 million
in the project.
The company has tied up with Kingston Media Stream and
Satelite Media Services (SMS) for IP capacity in London, he
said adding that the alliance would provide Indian ISPs the
option to buy capacity, via a single service level agreement.
The Indian ISPs would also be provided the option of
connecting directly into Band-X by buying satellite bandwidth
and teleport services from Kingston Media Stream or SMS.