INFORMATION ABOUT IBER-X

    • Iber Band Exchange, SA The Telecommunications Exchange: The first market for the sale of telecommunications capacity in Spain. IBER-X is a market in which telecom operators buy and sell their capacity in a flexible way with the advantages of a stock exchange.
    • IBER-X is the most efficient way to carry out internet bandwidth and voice minute transactions. Both buyers and sellers of these products will be able to buy and sell publicly, transparently, openly and in connection with other international markets.
    • IBER-X allows the purchase and sale of telecommunications capacity to be carried out in a market with characteristics similar to the stock market, automatically, without long waiting times, without having to demand prices from each of the suppliers .
    • PRODUCTS DEALING WITH IBER-X:
      • Internet bandwidth
      • Physical space for hosting telecommunications equipment
      • Voice Services
      • Point-to-point circuits
    • On October 7, the activity of negotiation in the internet bandwidth and physical space markets began. Subsequently, the activity in the voice and circuit market will begin.
    • OPERATION OF IBER-X
      • Any operator wishing to be a member of the IBER-X market must hold the corresponding authorization or license issued by the Telecommunications Market Commission (CMT). However IBER-X in collaboration with the CMT can help in obtaining such license. The operator must sign an adhesion contract with IBER-X to become a member of the market and thus be able to make purchases and sales of its capacity.
      • Members of the market who so wish will house their equipment within the facilities that IBER-X maintains next to the neutral point.
      • Buyer and seller will publish offers and demands according to their needs for the price, quantity and quality that they are willing to buy and sell. Through the Automated Trading System (SSNA), market variables can be monitored.
      • Similar to the stock market, when supply and demand coincide the SSNA performs the transaction automatically. This eliminates the current long delivery times in the telecommunications sector.
      • The operation of IBER-X is governed by the Market Rules. The Governing Body has the mission to comply with and enforce these Rules.
    • SUPERVISION OF THE IBER-X MARKET
      • Iber Band Exchange, SA develops commercial activity.
      • A Governing Society is being created in collaboration with the CMT which will regulate organized market activity.
      • In this Governing Society will be represented among others:
        • The CMT
        • Financial institutions
        • Market members
        • Media
    • PRODUCT QUALITY
      • IBER-X defines three levels of quality for products that are listed on the market, as well as three levels of guarantee: Free, audited and guaranteed.
      • IBER-X monitors the quality of the different suppliers. All suppliers will have a quality level, which will be published along with the offer of the service and its price. The quality guarantee implies the payment of penalties in case of non-compliance with the agreed minimum levels.
      • The Technical Committee, under the responsibility of the Governing Society, is responsible for carrying out the necessary audits.
      • ADVANTAGES FOR IBER-X MARKET MEMBERS
        • Independence and neutrality: The most important principle is neutrality, as a bag. IBER-X is independent of the market operators, and this is ensured by the presence of the CMT in the Governing Company. No IBER-X partner is a telecommunications operator.
        • Flexibility: Sales contracts are of shorter duration than those in the traditional market, so that both offerors and claimants can:
          • Addressing short-term needs.
          • Sell ​​surplus product.
          • Obtain product benefits that otherwise would not be obtained.
          • Cut or eliminate the term of amortization of investments in infrastructure.
          • Reduce the rigidity of IT investments, introducing greater dynamism in strategic planning in the short and long term.
        • Speed ​​in the process compared to the traditional market: In the traditional market, the time spent in the process before receiving the service by an operator is calculated between three and six months with IBER-X, the negotiation time is almost nil, and An accepted operation may be running within the same week.
        • Competitiveness of offers and demands: Members remain anonymous, and can conduct a more dynamic pricing policy.
        • Savings: The estimated average savings for market operators is 50%, both for buyers and sellers, due to the improvement of the value chain of operators acting in IBER-X against the traditional value chain .
        • Globalization: IBER-X belongs to the World Telecom Exchange Organization (WTEO), which in the future will link all the markets that, like IBER-X, negotiate telecommunications capacity in the world. Thus, all members of the markets will be able to sell and buy members from around the world, without having to move from their seat.
        • Easy to enter the IBER-X market: IBER-X tries to keep the smallest entry barriers for customers at all times. The business model is basically based on the commissions charged for each transaction. In addition, an agreement with local connection providers and with Banesto allows operators to enter the market with a very small investment.
        • Security in the service: The computer system created and operated by IBER-X allows automated monitoring of transactions, which allows market members to be certain a priori that the quality they buy is the one that the seller is going to to serve. Within the system of guarantees of IBER-X, if any vendor fails to comply, the buyer will receive compensation for that breach. Payment is also guaranteed in this system.