The Global Business Exchange for Telekom (GBET) Consortium Has Launched Its Website

GBET, a global consortium of telecommunication carriers, announced today that it has launched its Website to draw attention to the activities of the organization and find new members.

GBET is a global consortium of carriers working together to set up standards for the electronic exchange of data in international wholesale with the aim to reduce administrative costs and the ambiguity of various transactions (e.g. commitment agreements, disputes, invoices, etc.) As a result, companies can focus on their core strengths, thus maximizing revenue benefit from new opportunities, and better manage present and future challenges and opportunities.

GBET was started by Deutsche Telekom’s wholesale arm ICSS and other major players of the industry, including Verizon, TeliaSonera, PCCW, iBasis, and Telarix, in June 2011.

GBET is open to the entire wholesale community. Companies joining GBET will have a unique opportunity to participate in an industry-wide effort to simplify and create best practices for the electronic exchange of business information amongst the international wholesale carrier community. They will also have the chance to take part in focus groups, engage with key standards bodies to drive toward "open standards," and participate in the beta testing of new services.

GBET membership is free of charge and comes without any commercial obligation.

Margaret Morosi, Head of Global Services at Deutsche Telekom AG, International Carrier Sales & Solutions (ICSS), and 2011 chairperson of GBET says, "GBET is a perfect platform to shape best practices on the market and be the key vehicle by which we share, educate, and channel ideas on automation and streamlining cross-company 'wholesale processes' throughout the industry. ICSS has taken an active role and is driving the initiative as this is an excellent opportunity to participate in finding common industry standards that help to further improve business efficiency. We look forward to welcoming new members that will get involved and support our concerns!"

About Deutsche Telekom International Carrier Sales & Solutions (ICSS)

International Carrier Sales & Solutions (ICSS), an integral part of Deutsche Telekom’s International Businesses unit within the Europe organization, is the global communications enabler of the Deutsche Telekom Group and more than 700 external customers worldwide. As one of the largest carriers in the world, ICSS provides global voice communication, Internet connectivity to millions of eyeballs, and global roaming and messaging on next generation platforms, as well as smart content distribution, media exchange, and virtual carrier solutions. The international customers of ICSS experience seamless service provisioning, including global reach and the highest quality. The variety of solutions provided by ICSS is based on an expanding ultramodern infrastructure: Deutsche Telekom’s international network.

For further information, see www.telekom-icss.com.

About Global Business Exchange for Telecom (GBET)

GBET is a global consortium of carriers cooperatively working to adopt electronic exchange principals for international wholesale commercial, operational and financial transactions and foster collaboration amongst carriers across the value chain using best practices and transformational solutions. GBET believes that the more carriers use electronic exchange, the more value there is to the entire Wholesale community in terms of speed, accuracy, and cost savings, leading to a paradigm shift through automation of common business transactions.

Come join us at: www.gbetcommunity.com.

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