Author: Akis Chatzimeletiou
Date: 16/12/2020
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The past few weeks, we’ve dedicated the Bank of Telecom (BoT) blog to our telecoms trading platform, which facilitates the buying and selling of SMS and voice routes. This includes:
This week, we turn our attention to this last point, homing in on the services that set our solution apart from the field. We’ll be answering the following questions:
Talk to our experts to learn more about Bank of Telecom!
In the telecommunications industry, the term value-added services — or VAS for short — refers to services that are supplemental to a core offering. Typically, this is achieved either by making an offering more appealing to prospective customers, or by driving existing customers to use and engage with an offering more frequently.
For instance, the core offering of a mobile network operator (MNO) is voice calling; missed call alerts, however, are a VAS. They’ve just become more common since they’re easy to provide and, at this point, no MNO wants to be the one that doesn’t provide missed call alerts.
SMS and MMS are in the same boat. As we mentioned in a previous blog post, SMS was initially used as a way for service providers to communicate with their subscribers — for service notifications, network-related alerts, and eventually marketing promotions. However, because of the recent flourishing of SMS as a global communications tool, most MNOs have stopped treating SMS as a VAS and have instead enshrined it as a core service.
Indeed, competition in the telecommunications space is heated; and consequently, the VAS offered by MNOs and other service providers have never been more resplendent. T-Mobile for instance is offering Netflix as a bonus to their Magenta Family Plan subscribers. Not too shabby.
Still, one should not limit their imagination to the B2C market. While the dark ages of the telecommunications industry were replete with government run service providers and onerous regulations that failed to encourage healthy markets, things over the past 10-15 years have liberalized significantly. More and more, countries are opening cellular networks up to private industry, leading to the creation of new businesses with innovative mobile services and offerings.
For example, Mobile Virtual Network Operators (MVNOs) and Mobile Virtual Network Aggregators (MVNAs) have made a killing repackaging network access, simultaneously helping MNOs boost revenue and delivering more affordable, accessible mobility services to the market. As such, many MNOs are looking to leverage value-added services to attract entrepreneurial telecommunications businesses to their networks.
For our part, we at BoT provide a suite of VAS designed to create a trustworthy trading environment. Indeed, our solutions are geared towards assuring the best quality voice and SMS routes at the best possible rates. They are as follows:
And, to top it all off, Bank of Telecom offers Same Day Settlements for all trades occurring on our platform. To learn more about Same Day Settlements, read our last post!
About Internet Mobile Communications (IMC)
Trading under the Bank of Telecom brand, IMC provides a rich portfolio of voice, SMS, data, and international settlement services to the global carrier community. IMC developed, owns, and operates the Bank of Telecom, which carries billions of international minutes each year, across hundreds of routes from 1,600+ carrier interconnects in 130+ markets.
Hurst House,
131-133 New London Rd,
Chelmsford, CM2 0QT,
United Kingdom
Contact: Kristina Ayrapetyan
Email: kristina@im-comms.com
Oficina 323, 324
15 Avenida 16-14, Zona 13,
Guatemala City, 01013
Guatemala
Contact: Paola Orellana Vargas
Email: Pao@im-comms.com
Jordan Tower #12
Al Thqafa Street,
Al shmeisani,
Amman, Jordan.
Contact: Sally Al-NaBulsi
Email: Sally@im-comms.com
Alcantara 44
Piso 7, Las Condes,
Santiago, Chile 7550159
Contact: Kareen Goldfarb
Email: kareen@im-comms.com
Santha Arcade, Anjali Road,
Sankers Hospital Junction,
Kollam, Kerala, India, 691001
Contact: Nithin P. Jose
Email: nithin@im-comms.com
45 Mesrop Mashtots Avenue,
Yerevan,
Republic of Armenia
Contact: Tamara Badalyan
Email: toma@im-comms.com
Hurst House,
131-133 New London Rd,
Chelmsford CM2 0QT,
United Kingdom
Contact: Chun Yan Shao (Ellen)
Email: ellen@im-comms.com
Bank of Telecom® is the global telecommunications automated marketplace, where 1,700+ voice carriers and 400+ sms providers share their latest and greatest Sales Rates each week, making Bank of Telecom® the ultimate place to trade voice and sms efficiently, fast and hassle free.