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Broadband Telecom

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uuid000mbcb

Namestring
Broadband Telecom
Legal namestring
Broadband Telecom Inc.
Company typeenum
Private
Founded yearint
2005
Descriptiontext

Broadband Telecom Inc. is a B2B wholesale telecommunications provider headquartered at 515 S. Flower Street, 36th Floor, Los Angeles, California, with a satellite presence in Garden City and operations spanning 200+ countries. Founded in 2005 as a wholesale VoIP carrier, the company grew into an omni-channel communication platform offering two core product lines: Global Messaging Services (a customizable SMS platform terminating billions of international messages with adaptive routing) and Wholesale VoIP Termination (carrier-grade A-Z international voice termination across 200+ countries). The product surface also extended into a Retail SMS mobile-marketing solution and a broad SMS Connectivity Solutions suite including 2-Way Messaging, Number Lookup (HLR), Omni-Channel, Peer-to-Peer Messaging, Managed SMSC services, Chatbots on Demand, IVR, Outbound Dialer (OBD), DID/Toll Free, and the B-Communicativ email platform.

The technical stack relies on interconnection over SMPP, SS7, SIGTRAN, HTML, and XML, an indigenous fully redundant platform with redundant telecom stack and APIs, and an intelligent routing engine for delivery optimization. Reported scale metrics included 9 billion+ voice minutes carried, 6 billion+ messages terminated, 127 in-country direct connections, 2,000+ carrier interconnects, 170+ mobile operator partnerships, 300 global aggregators, and 1,000+ direct termination destinations, with Global Title awarded by more than 11 operators and an SLA-based uptime of 99.9% (messaging) and 99.5% (voice). Pricing was quote-based and not publicly disclosed, billed in both Euros and Dollars under volume-based contracts.

The revenue model is usage-based: per-minute billing for wholesale voice termination, per-message billing for SMS termination, plus transaction-fee commissions for the Channel Partner Program that recruits agents to originate or terminate voice and SMS traffic. Customer segments are MNOs and MVNOs, wholesale carriers, aggregators, and enterprise customers, supported by direct enterprise sales and a channel partner motion. In August 2025, Broadband Telecom filed for Chapter 11 bankruptcy following allegations that CEO Bankim Brahmbhatt orchestrated a $500 million fraud using fake invoices and forged customer correspondence, with BlackRock's HPS Investment Partners and BNP Paribas among the impacted lenders.

Short descriptiontext

Broadband Telecom Inc. is a U.S.-based B2B wholesale telecom carrier providing international voice termination and A2P SMS messaging services across 200+ countries, serving mobile operators, wholesale carriers, and aggregators through an omni-channel platform with 127 in-country direct connections.

Operating statusenum
Closed
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersGarden City, United States
HQ citystring
Garden City
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
wholesale voice termination, A2P messaging services, international SMS termination, VoIP carrier services, telecom wholesale solutions
Industry1 code
1International Voice Wholesale (carrier voice, termination, A2P routing)
CodeHDAIAEADPrimaryYes
NAICS code2 codes
  • Wired Telecommunications Carriers517111
  • All Other Telecommunications5178
SIC code1 code
  • Services-Telephone Interconnect Systems7385
Product category
Wholesale Telecommunications Services
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1Wholesale Voice Termination
TypeUsage Based
Description

Carrier-grade wholesale A-Z termination services for international voice traffic billed per minute, serving mobile operators, wholesale carriers and aggregators globally

broadbandtele.net
2Global Messaging / SMS Services
TypeUsage Based
Description

International messaging and bulk SMS services terminating billions of messages across geographies, billed per message volume

broadbandtele.net
3Channel Partner Program
TypeTransaction Fee
Description

Agents earn commissions based on number of minutes or SMS terminated or originated through their connected customers, with weekly account funding

broadbandtele.net
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Broadband Telecom is a wholesale telecom carrier providing international A2P messaging (SMS) termination and carrier-grade wholesale VoIP A-Z voice termination services via a globally accessible network. The company offers customizable SMS platforms, voice termination with 127 in-country direct connections covering 200+ countries, and a channel partner program for agent-led resale of minutes and messages billed on a usage basis.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • SLA-based uptime of 99.9%
+3 more records
Product overview1 text field

Broadband Telecom Inc. operates as an omni-channel communication platform providing two core product lines: Global Messaging Services (SMS) and Wholesale VoIP Termination (Voice). The SMS product includes a customizable messaging platform for global reach, a Retail SMS Solution for mobile marketing campaigns, and an extensive SMS Connectivity Solutions suite with features such as 2 Way Messaging, Number Lookup (HLR), Omni-Channel Solution, Peer-to-Peer Messaging, Managed Services for SMSC, Chatbots on Demand, IVR, Outbound Dialer, and DID/Toll Free Numbers. The Voice product offers international voice termination and transit services with A-Z termination across 200+ countries, serving mobile operators, wholesale carriers, and aggregators. Additionally, the Channel Partner Program enables resale of both Voice and SMS services through an authorized agent network.

Product and service4 records
1Global Messaging Services / SMS Services
CategoryMessaging / SMS
Description

Customizable messaging platform providing global SMS delivery with high-quality interconnections, adaptive routing for assured delivery, and 99.9% SLA-based uptime for wholesale messaging customers including MNOs, carriers, and aggregators.

2Wholesale VoIP Termination / Voice Services
CategoryVoice / VoIP
Description

Carrier-grade wholesale A-Z voice termination across 200+ countries with exclusive traffic arrangements for MNOs/MVNOs, multi-service level offerings, and 99.5% uptime SLA.

3Retail SMS Solution
CategoryMessaging / SMS
Description

Standalone retail SMS marketing platform with web panel and mobile app that enables businesses of all sizes to design, send, and optimize SMS advertising campaigns, supported by Broadband Telecom's wholesale carrier back end.

4Channel Partner Program
CategoryChannel Partner Program
Description

Agent/reseller program that allows authorized partners to connect new customers or vendors for Voice or SMS services, with 24/7 chat access, real-time traffic monitoring, and commission-based weekly account funding on minutes or SMS terminated.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Broadband Telecom has exclusive traffic arrangements with mobile network operators and virtual network operators to provide multi-service level offerings for wholesale voice termination and messaging services.

22000+ Global Carriers
Strategic tierCoreTypeStrategic or Co-development Partner
Description

The company maintains direct connectivity with over 2000 carriers globally and access to 300 global aggregators, providing wide campaign reach and wholesale voice traffic termination services.

broadbandtele.net
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Partnership with over 170 mobile operators worldwide for international messaging and voice termination services, with the company awarded Global Title by more than 11 operators.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Bandwidth provides wholesale A2P messaging, voice termination, and emergency communications services to large carriers and enterprises. Direct competitor in wholesale voice termination and messaging aggregation with comparable carrier-customer mix.

TypeEmerging player
Description

Telnyx operates a private global IP backbone offering wholesale voice, messaging, and unified communications to enterprises and carriers. Comparable in international voice termination and messaging with proprietary network infrastructure like Broadband Telecom.

TypeEmerging player
Description

Telesign provides CPaaS, identity verification, and A2P messaging via direct operator connections globally. Overlaps with Broadband Telecom in global A2P SMS termination and direct mobile operator relationships, though more verification-focused.

TypeDirect peer
Description

MessageBird is an Amsterdam-headquartered omnichannel CPaaS provider serving enterprises with global SMS, voice, and OTT messaging. Comparable in providing A2P SMS and voice services at scale through direct carrier interconnects.

TypeDirect peer
Description

Plivo is a cloud communications platform offering voice and SMS APIs plus wholesale termination services to enterprises and aggregators. Comparable to Broadband Telecom in wholesale voice/SMS termination and carrier interconnect model.

TypeDirect peer
Description

Sinch is a global CPaaS provider delivering A2P messaging, voice, and verification services to operators, enterprises, and aggregators. Directly comparable to Broadband Telecom in the wholesale messaging and voice termination value chain with similar carrier-direct interconnect model.

TypeBroad incumbent
Description

Vonage, now part of Ericsson, offers unified communications, voice, SMS APIs, and contact center solutions to enterprises globally. Comparable in voice and messaging services though more enterprise/UCaaS-leaning rather than pure wholesale termination.

TypeDirect peer
Description

IDT operates Boss Telecom and other entities providing international voice termination and wholesale carrier services globally. Directly comparable long-standing wholesale international voice carrier with similar A-Z termination business.

TypeDirect peer
Description

Infobip operates a global A2P messaging and omnichannel communications platform with direct connections to mobile operators worldwide. Closely comparable to Broadband Telecom in providing wholesale SMS termination, voice services, and omnichannel solutions to carriers and aggregators.

TypeDirect peer
Description

Twilio is a leading cloud communications platform offering messaging APIs and voice termination/services to enterprises and developers. Highly comparable in serving global SMS/A2P and VoIP termination needs for carriers, aggregators, and enterprise customers at massive scale.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature7 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Broadband Telecom

Wholesale Telecommunications Servicesbroadbandtele.net

Broadband Telecom Inc. is a U.S.-based B2B wholesale telecom carrier providing international voice termination and A2P SMS messaging services across 200+ countries, serving mobile operators, wholesale carriers, and aggregators through an omni-channel platform with 127 in-country direct connections.

What Broadband Telecom does

Broadband Telecom Inc. is a B2B wholesale telecommunications provider headquartered at 515 S. Flower Street, 36th Floor, Los Angeles, California, with a satellite presence in Garden City and operations spanning 200+ countries. Founded in 2005 as a wholesale VoIP carrier, the company grew into an omni-channel communication platform offering two core product lines: Global Messaging Services (a customizable SMS platform terminating billions of international messages with adaptive routing) and Wholesale VoIP Termination (carrier-grade A-Z international voice termination across 200+ countries). The product surface also extended into a Retail SMS mobile-marketing solution and a broad SMS Connectivity Solutions suite including 2-Way Messaging, Number Lookup (HLR), Omni-Channel, Peer-to-Peer Messaging, Managed SMSC services, Chatbots on Demand, IVR, Outbound Dialer (OBD), DID/Toll Free, and the B-Communicativ email platform.

The technical stack relies on interconnection over SMPP, SS7, SIGTRAN, HTML, and XML, an indigenous fully redundant platform with redundant telecom stack and APIs, and an intelligent routing engine for delivery optimization. Reported scale metrics included 9 billion+ voice minutes carried, 6 billion+ messages terminated, 127 in-country direct connections, 2,000+ carrier interconnects, 170+ mobile operator partnerships, 300 global aggregators, and 1,000+ direct termination destinations, with Global Title awarded by more than 11 operators and an SLA-based uptime of 99.9% (messaging) and 99.5% (voice). Pricing was quote-based and not publicly disclosed, billed in both Euros and Dollars under volume-based contracts.

The revenue model is usage-based: per-minute billing for wholesale voice termination, per-message billing for SMS termination, plus transaction-fee commissions for the Channel Partner Program that recruits agents to originate or terminate voice and SMS traffic. Customer segments are MNOs and MVNOs, wholesale carriers, aggregators, and enterprise customers, supported by direct enterprise sales and a channel partner motion. In August 2025, Broadband Telecom filed for Chapter 11 bankruptcy following allegations that CEO Bankim Brahmbhatt orchestrated a $500 million fraud using fake invoices and forged customer correspondence, with BlackRock's HPS Investment Partners and BNP Paribas among the impacted lenders.

Broadband Telecom firmographics

Firmographics
Name
Broadband Telecom
Legal name
Broadband Telecom Inc.
Website
https://broadbandtele.net
Company type
Private
Founded year
2005
Operating status
Closed
Headcount range
251–500 employees
Short description
Broadband Telecom Inc. is a U.S.-based B2B wholesale telecom carrier providing international voice termination and A2P SMS messaging services across 200+ countries, serving mobile operators, wholesale carriers, and aggregators through an omni-channel platform with 127 in-country direct connections.
Ownership category
akta.pro rank

Broadband Telecom industry classification

Industry
Product category
Wholesale Telecommunications Services
NAICS
Wired Telecommunications Carriers (517111), All Other Telecommunications (5178)
SIC
Services-Telephone Interconnect Systems (7385)
akta.pro primary industry
International Voice Wholesale (carrier voice, termination, A2P routing) (HDAIAEAD)

Keywords

  • Wholesale voice termination
  • A2P messaging services
  • International SMS termination
  • VoIP carrier services
  • Telecom wholesale solutions

Where Broadband Telecom is headquartered

Location

Headquarters

HQ city
Garden City
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Broadband Telecom business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

  1. Wholesale Voice Termination: Carrier-grade wholesale A-Z termination services for international voice traffic billed per minute, serving mobile operators, wholesale carriers and aggregators globally
  2. Global Messaging / SMS Services: International messaging and bulk SMS services terminating billions of messages across geographies, billed per message volume
  3. Channel Partner Program: Agents earn commissions based on number of minutes or SMS terminated or originated through their connected customers, with weekly account funding

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Broadband Telecom product offering

Product offering

Core offering

Broadband Telecom is a wholesale telecom carrier providing international A2P messaging (SMS) termination and carrier-grade wholesale VoIP A-Z voice termination services via a globally accessible network. The company offers customizable SMS platforms, voice termination with 127 in-country direct connections covering 200+ countries, and a channel partner program for agent-led resale of minutes and messages billed on a usage basis.

Product overview

Broadband Telecom Inc. operates as an omni-channel communication platform providing two core product lines: Global Messaging Services (SMS) and Wholesale VoIP Termination (Voice). The SMS product includes a customizable messaging platform for global reach, a Retail SMS Solution for mobile marketing campaigns, and an extensive SMS Connectivity Solutions suite with features such as 2 Way Messaging, Number Lookup (HLR), Omni-Channel Solution, Peer-to-Peer Messaging, Managed Services for SMSC, Chatbots on Demand, IVR, Outbound Dialer, and DID/Toll Free Numbers. The Voice product offers international voice termination and transit services with A-Z termination across 200+ countries, serving mobile operators, wholesale carriers, and aggregators. Additionally, the Channel Partner Program enables resale of both Voice and SMS services through an authorized agent network.

Differentiator

Problem solved

Functional benefit

Products and services

  • Global Messaging Services / SMS Services Customizable messaging platform providing global SMS delivery with high-quality interconnections, adaptive routing for assured delivery, and 99.9% SLA-based uptime for wholesale messaging customers including MNOs, carriers, and aggregators.
  • Wholesale VoIP Termination / Voice Services Carrier-grade wholesale A-Z voice termination across 200+ countries with exclusive traffic arrangements for MNOs/MVNOs, multi-service level offerings, and 99.5% uptime SLA.
  • Retail SMS Solution Standalone retail SMS marketing platform with web panel and mobile app that enables businesses of all sizes to design, send, and optimize SMS advertising campaigns, supported by Broadband Telecom's wholesale carrier back end.
  • Channel Partner Program Agent/reseller program that allows authorized partners to connect new customers or vendors for Voice or SMS services, with 24/7 chat access, real-time traffic monitoring, and commission-based weekly account funding on minutes or SMS terminated.

Quantifiable outcome

  • SLA-based uptime of 99.9%
  • +3 more outcomes

Companies that use Broadband Telecom

Customer profile

Segments5 records

Ideal customer profiles4 records

Broadband Telecom technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature7 records

Broadband Telecom partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core.

  • Mobile Operators (MNOs/MVNOs)coreStrategic or Co-development PartnerBroadband Telecom has exclusive traffic arrangements with mobile network operators and virtual network operators to provide multi-service level offerings for wholesale voice termination and messaging services.
  • 2000+ Global CarrierscoreStrategic or Co-development PartnerThe company maintains direct connectivity with over 2000 carriers globally and access to 300 global aggregators, providing wide campaign reach and wholesale voice traffic termination services.
  • 170+ Mobile OperatorscoreStrategic or Co-development PartnerPartnership with over 170 mobile operators worldwide for international messaging and voice termination services, with the company awarded Global Title by more than 11 operators.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broadband Telecom competitors and assessment

Company assessment

Direct peers

  • Bandwidth Inc. Bandwidth provides wholesale A2P messaging, voice termination, and emergency communications services to large carriers and enterprises. Direct competitor in wholesale voice termination and messaging aggregation with comparable carrier-customer mix.
  • MessageBird (Bird): MessageBird is an Amsterdam-headquartered omnichannel CPaaS provider serving enterprises with global SMS, voice, and OTT messaging. Comparable in providing A2P SMS and voice services at scale through direct carrier interconnects.
  • Plivo: Plivo is a cloud communications platform offering voice and SMS APIs plus wholesale termination services to enterprises and aggregators. Comparable to Broadband Telecom in wholesale voice/SMS termination and carrier interconnect model.
  • Sinch: Sinch is a global CPaaS provider delivering A2P messaging, voice, and verification services to operators, enterprises, and aggregators. Directly comparable to Broadband Telecom in the wholesale messaging and voice termination value chain with similar carrier-direct interconnect model.
  • IDT Corporation: IDT operates Boss Telecom and other entities providing international voice termination and wholesale carrier services globally. Directly comparable long-standing wholesale international voice carrier with similar A-Z termination business.
  • Infobip: Infobip operates a global A2P messaging and omnichannel communications platform with direct connections to mobile operators worldwide. Closely comparable to Broadband Telecom in providing wholesale SMS termination, voice services, and omnichannel solutions to carriers and aggregators.
  • Twilio: Twilio is a leading cloud communications platform offering messaging APIs and voice termination/services to enterprises and developers. Highly comparable in serving global SMS/A2P and VoIP termination needs for carriers, aggregators, and enterprise customers at massive scale.

Emerging players

  • Telnyx: Telnyx operates a private global IP backbone offering wholesale voice, messaging, and unified communications to enterprises and carriers. Comparable in international voice termination and messaging with proprietary network infrastructure like Broadband Telecom.
  • Telesign: Telesign provides CPaaS, identity verification, and A2P messaging via direct operator connections globally. Overlaps with Broadband Telecom in global A2P SMS termination and direct mobile operator relationships, though more verification-focused.

Broad incumbents

  • Vonage (Ericsson): Vonage, now part of Ericsson, offers unified communications, voice, SMS APIs, and contact center solutions to enterprises globally. Comparable in voice and messaging services though more enterprise/UCaaS-leaning rather than pure wholesale termination.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Broadband Telecom social profiles

Digital presence

Broadband Telecom financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Broadband Telecom leadership team

Management profile

Number of profiles

Profiles1 record

Broadband Telecom funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Broadband Telecom M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Broadband Telecom

What does Broadband Telecom do?

Broadband Telecom is a wholesale telecom carrier providing international A2P messaging (SMS) termination and carrier-grade wholesale VoIP A-Z voice termination services via a globally accessible network. The company offers customizable SMS platforms, voice termination with 127 in-country direct connections covering 200+ countries, and a channel partner program for agent-led resale of minutes and messages billed on a usage basis.

Is Broadband Telecom a public or private company?

Broadband Telecom is a private company. It is classified as founder individual operated bootstrapped and is currently closed.

When was Broadband Telecom founded?

Broadband Telecom was founded in 2005. It employs 251 to 500 people.

Where is Broadband Telecom based?

Broadband Telecom is headquartered in Garden City, United States, in the North America region.

How does Broadband Telecom make money?

Three revenue lines are on record. Wholesale Voice Termination is the primary driver. The others are global Messaging / SMS Services and channel Partner Program.

Who are Broadband Telecom's main competitors?

Direct peers on record are Bandwidth Inc., MessageBird (Bird), Plivo, Sinch, IDT Corporation, Infobip and Twilio. Emerging players are Telnyx and Telesign. Vonage (Ericsson) is listed as a broad incumbent.

Does Broadband Telecom have an API?

No public API is recorded for Broadband Telecom.

What industry is Broadband Telecom in?

Broadband Telecom's product category is Wholesale Telecommunications Services. Its primary akta.pro industry code is HDAIAEAD, International Voice Wholesale (carrier voice, termination, A2P routing). Its NAICS code is 517111 and its SIC code is 7385.

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Alternative Credit InvestorPrivate credit firms divided on fraud response as high-profile collapses pile upPrivate credit lenders are adopting divergent strategies to address fraud risk following high-profile collapses on both sides of the Atlantic. In the US, BlackRock's HPS Investment Partners is pursuing over $500 million in losses tied to telecom entrepreneur Bankim Brahmbhatt's companies Broadband Telecom and Bridgevoice, which allegedly pledged non-existent receivables supported by forged invoices and fake customer correspondence, with the scheme uncovered only after an HPS employee flagged an irregularity in a customer email address. In the UK, specialist bridging lender Market Financial Solutions was placed into administration in late February following fraud allegations involving the same property collateral pledged against multiple loans, with lenders including Barclays, HSBC, Santander, Apollo's Atlas SP Partners, Jefferies, and Elliott facing combined potential losses running into hundreds of millions.BusinessLineUS probes telecom companies that borrowed from BlackRock’s HPSFederal prosecutors in New York are investigating telecommunications companies Broadband Telecom and Bridgevoice for alleged fraud involving the fabrication of accounts receivable. The probe follows a lawsuit by lenders, including BlackRock’s HPS Investment Partners, accusing the companies of massive financial misconduct prior to their bankruptcy filings. Bankim Brahmbhatt, the owner of these entities through the Bankai Group, is also under scrutiny as he remains in India.BloombergUS Probes Telecom Companies That Borrowed From BlackRock’s HPSFederal prosecutors are investigating telecommunications companies Broadband Telecom and Bridgevoice, and their owner Bankim Brahmbhatt, over a fraud lawsuit filed by their lenders, which included BlackRock's private credit arm. The US Attorney's Office in Brooklyn is scrutinizing the companies, according to a person familiar with the matter.The Times of IndiaThe $500 Million Question: How a missing Indian-origin CEO tricked BlackRock for four years - The Economic TimesBankim Brahmbhatt, the Indian-origin CEO of US-based telecom firms Broadband Telecom and Bridgevoice, allegedly defrauded BlackRock's private credit arm HPS by fabricating accounts receivable and fake customer accounts to secure loans totaling $430 million. In July 2024, HPS discovered suspicious email domains mimicking legitimate telecom companies; Brahmbhatt disappeared after being confronted, and his companies subsequently filed for bankruptcy. Lenders have filed a lawsuit alleging systematic deception, claiming assets were transferred offshore to India and Mauritius, with the companies owing more than $500 million, while Brahmbhatt disputes all fraud allegations.The Times of IndiaIndian telecom player Bankim Brahmbhatt bunks US after $ 500 million rip-off - The Times of IndiaBankim Brahmbhatt, founder-CEO of US telecom firms Broadband Telecom and Bridgevoice (Bankai Group), allegedly orchestrated a $500 million fraud using phony accounts and fabricated emails to secure asset-based financing from BlackRock subsidiary HPS Investment Partners and BNP Paribas over five years, with investigations by Deloitte and CBiz confirming widespread falsification of invoices and email addresses. Brahmbhatt and related entities filed for Chapter 11 bankruptcy in August 2024 in New York, with authorities believing he fled to India and may have transferred assets to accounts in India and Mauritius. The scandal exposes vulnerabilities in the private credit market's $1.7 trillion boom, with experts warning of a "cockroach effect" signaling more hidden frauds due to lax lending oversight.The Times of IndiaCredit crisis in America: Mohamed El-Erian's valuable advice to investors - The Economic TimesEconomist Mohamed El-Erian warned investors about growing credit risks in the U.S. after BlackRock's private-credit unit HPS Investment Partners fell victim to an alleged fraud of over $500 million linked to telecom companies Broadband Telecom and Bridgevoice owned by Bankim Brahmbhatt. BNP Paribas financed nearly half the loans and added €190 million to loan-loss provisions, while Brahmbhatt's companies and personal bankruptcy filings followed the discovery of fake customer invoices used as loan collateral. El-Erian's warning suggests more credit accidents may emerge due to careless lending practices in the rapidly expanded U.S. private credit market.WsjBankrupt Telecom Business Accused of Fraud in Receivables FinancingBroadband Telecom and Bridgevoice filed for bankruptcy in August after lenders accused them of fabricating receivables for loan collateral. Two more affiliates also filed chapter 11 in Central Islip, N.Y. The lenders, including HPS Investment Partners, alleged forged contracts and fake emails.