View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 10, 1999

Interoute Execs Leave to Found Internet Billing Service

By CBR Staff Writer

John Mittens and Nigel Wallbridge, executives from the London-based Interoute telecoms group, have resigned to found Global Internet Billing Ltd, a company providing billing services for e-commerce businesses across Europe. Mittens said the new company, which has yet to define where its headquarters will be located, operates in two ways.

First there is the straightforward service for small purchases such as software, entertainment or information where the buyer click on a button on the vendor’s website, receives Global Internet Billing’s software as a free download, then places an order over a premium rate phone line. The goods are billed to the purchaser’s phone bill, with the phone company passing the payment on to Mittens’ company, which in turn reimburses the vendor, with commissions being charged at each stage in the process.

The second is a more complex transaction, involving larger sums of money, and for this purpose, Mittens said he is in negotiations with a series of financial institutions to serve as intermediaries. The system would work with the banks guaranteeing the transactions, with the intermediary accepting the risk inherent in the operation.

Mittens’ previous post was chairman of i-21, the Interoute company installing a $2bn broadband network linking 70 cities around Europe. Wallbridge was CEO of Interoute Europe. Mittens said both men remain as shareholders and board members of Interoute.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.