Chapel Hill Broadband, Bandwidth.com Forge Partnership.Business Editors/High Tech Writers CHAPEL HILL, N.C. & SALT LAKE CITY--(BUSINESS WIRE)--July 24, 2000 CHBB Exclusive Broker of Wholesale Telecommunications Chapel Hill Broadband, a carrier-neutral broker of wholesale telecommunications, announced today an exclusive, long-term partnership with Bandwidth.com, the first Internet marketplace See vertical portal and Web hub. for enterprise-class connectivity for businesses, to broker wholesale telecommunications capacity and dark fiber for Bandwidth.com's U.S. and international carrier clients. Through their extensive network of resources and experience in brokering wholesale telecommunications deals, Chapel Hill Broadband's staff of telecom professionals will be able to fulfill the capacity and fiber needs of Bandwidth.com users for anywhere in the world. Chapel Hill Broadband has already received leads from Bandwidth.com valued at over $25 million in revenue for its partner carriers in the short amount of time since the exclusive partnership was forged. Since launching in August of 1999, Bandwidth.com has qualified over 3,500 enterprise requests for connectivity totaling more than $100 million in annual revenue for over 50 participating U.S. and international carriers. "In an environment where the landscape of who you can buy wholesale telecommunications from changes daily, it's essential to have a broker as your partner to locate the capacity you need," said David Morken, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bandwidth.com. "Chapel Hill Broadband's knowledgeable staff of professionals will aptly serve Bandwidth.com customers by discussing their needs and locating the capacity they're seeking," said Brent Wilkins, president of Chapel Hill Broadband. "As brokers, we help our customers realize their goals for revenue and market growth by matching the demand with existing capacity supply." Chapel Hill Broadband brokers physical and financial deals in all broadband products and services, including channels, dark fiber, collocation collocation - co-location facilities and lit fiber Optical fiber that is regularly being used to transmit data. Contrast with dark fiber. . Representing a large national and international customer base, Chapel Hill Broadband has contracts in place with a wide array of energy companies, financial institutions and telecommunications carriers. Bandwidth.com users can make a detailed request online at http://www.bandwidth.com for wholesale telecommunications and fiber needs. About Chapel Hill Broadband Founded in January 2000, Chapel Hill Broadband is a carrier-neutral brokerage firm specializing in physical and financial brokering of broadband services See broadband and broadband service provider. . The company's mission is to become the leading broker of physical broadband products and to be positioned when the market develops financially traded forwards and options contracts. Chapel Hill Broadband was the sister-company of Chapel Hill Brokers, the leading energy broker in the U.S., acquired in June by APB APB See Accounting Principles Board (APB). Energy. At the time of sale, Chapel Hill Brokers' trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign averaged 150-200 transactions daily and $50 million in daily trade volume. It also recently received the distinguished ranking of #1 broker in US Electricity Options and #2 in Swaps by Energy & Power Risk Management magazine. Chapel Hill Broadband is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Chapel Hill, N.C. The company Web site is http://www.chbroadband.com . About Bandwidth.com Bandwidth.com is a privately held company headquartered in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. . Bandwidth.com offers end-users a unique level of high bandwidth purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. through a special bid process and through agreements with all of the nation's largest communications companies. In addition, bandwidth.com offers a suite of business and consumer solutions that include real-time competitive analysis, circuit availability, and order processing for DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary products and services. For additional information about bandwidth.com and to experience this new service, visit the company web site at http://www.bandwidth.com . |
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