Golden Gateway is a least cost routing solution that can help to reduce an enterprise’s telecommunication expenses by approximately 20% to 40%. In today’s market most IDD service providers are cheaper for certain countries, but are expensive for others. If an enterprise signs up with 1 or more service provider including VoIP providers, their telecommunication cost will still be high for the countries where the selected provider does not have a strong commercial arrangement with the local Telco carriers. Golden Gateway gets around this problem by choosing the best telecommunication service provider on a call-by-call basis depending on whether or not that provider is the cheapest for the country dialled at the time of dialling. This choice of service provider is made by our Group’s product, selecting from a list of providers that the enterprise and our Group can jointly determine.
This solution works on the principle that no single operator can provide the best rates for every country, at all times. This service takes advantage of market competition to provide the best rates for the enterprise. Through combined software and hardware solutions, calls can be automatically routed to the operator with the cheapest rates. Our Group does not impose any upfront charges and monthly service fees are charged based on a portion of the customer’s savings.
Our Group has exclusive arrangements with TradeWeb Enterprise Pte Ltd of Singapore to market the Golden Gateway in Malaysia. We are not required to pay any franchise fee, but would be committing to meet agreed revenue forecasts, which is on a quarterly review basis. The exclusivity arrangement will be extended based on the achievements of those forecasts.