Last Mile Connections, a One Equity Partners company, this week launched the Online Exchange, a neutral e-marketplace using reverse auctions for selling and buying telecom bandwidth services.
The Online Exchange, found at www.lastmileconnections.com, is a customer-focused application designed to connect buyers and sellers of bandwidth from around the globe through a single point of contact. The idea of the exchange is to streamline and expedite the entire sales process and to revolutionize the way the telecom industry conducts business, according to Last Mile Connections.
"From our in-depth knowledge of the telecom industry, we created the Online Exchange to help those who were inundated with thousands of choices and overwhelmed as to where to go for the best selection of bandwidth services," says James Martino, president and CEO of Last Mile Connections. "E-marketplaces and reverse auctions are used by eight out of 10 Fortune 1000 firms to save millions of dollars each year and increase profitability. Industries where these auctions are used in strategic sourcing include energy, manufacturing, office supplies, IT and more. We believe the time is right for the telecom buyers and sellers to embrace this concept because of the characteristics of telecom services and the many benefits."
Martino says the Online Exchange is open to all carriers, service providers and enterprises. The new online service from Last Mile Connections is an interactive extension of its Exchange service, which already is used by many major carriers and enterprises.