Band-X Completes Acquisition of International Telecommunication Exchange Centre Ltd.(telecommunications companies)(Brief Article)

Band-X, an independent virtual market for international wholesale telecom capacity, announced its expansion into the Chinese market and the Asia-Pacific region. The springboard for this expansion is the acquisition of Hong Kong-based International Telecommunications Exchange Centre Ltd. (ITX), the neutral exchange for wholesale telecom minutes. Band-X will drive expansion in the region through an investment program to upgrade existing services and launch new offerings.

Andrew Pang, CEO of ITX has been appointed as CEO of the newly named Band-X Hong Kong. "Whenever we move into a new country, we are faced with a buy-or-build decision," said Marcus de Ferranti, founder …