The Internet-based bandwidth exchange Band-X has appointed former Arthur Anderson consultant Pran Mehra as CEO, India, to take its portfolio of IP, networks and co-location services to the Indian market.
As a senior consultant in Anderson’s London strategic services division, where his area of focus included the communications and entertainment industry.
Pran has previously held positions in business development within the Indian telecommunications industry and has also worked in Sweden and Singapore. He holds an MBA from INSEAD.
This expansion follows Band-X’s recent move into the US and its second round of funding that raised $40 million from Goldman Sachs, Morgan Stanley Dean Witter Private Equity and existing investor Madison Dearborn Partners.
“We believe that the Indian market for IP capacity in particular is about to see an unprecedented period of growth as deregulation comes into effect,” said Mehra. “Band-X’s timely entry into the market will allow ISPs to benefit from its revolutionary redefinition of the way that bulk IP capacity is bought and sold.”
“The combination of a rapidly growing company with a rapidly deregulating country has got to make this the most exciting project that I have undertaken,” he continued.
Band-X co-founder Marcus de Ferranti said: “This expansion into India illustrates Band-X’s commitment to serve the world’s increasingly liberalized telecommunications markets. Pran’s combination of local knowledge, management skills and telecoms experience makes him the ideal choice to drive our development in the region.”
Band-X launched the first independent virtual market for international wholesale telecom capacity in 1997, becoming the world’s first telecom-specific B2B exchange.
It has an international membership of over 10,000 and many of the world’s largest telecommunications carriers use its services. Today, its web-based exchange provides a secure, anonymous trading floor for: bandwidth; specialist co-location and telehousing; switched international voice traffic; and routed IP capacity.