The Hindu Business Line : Telsima to set up broadband gear manufacturing base

Mr Alok Sharma (left), President and CEO, Telsima Communications, and Mr Rochir Godura , V-P, Worldwide Sales,Customer Support and Marketing, at a press conference in the Capital on Wednesday. - - Kamal Narang

New Delhi , Jan 11

TELECOM equipment company Telsima Corporation on Wednesday announced setting up a manufacturing base in India for offering customised wireless broadband solutions.

The company will make an initial investment of $20 million for developing WiMax-based products and also expand its sales and support centre in Gurgaon, Haryana by April. The company already has a development centre in Bangalore.

"Our aim is to provide next generation wireless and broadband solutions and also provide end-to-end networking solutions for emerging markets such as India which is poised for a quantum growth in the near future," said Mr Alok Sharma, President and CEO, Telsima.

The company will focus on WiMax-based solutions that would enable operators to deploy non-line-of-sight broadband wireless services in thickly populated areas. "Teledensity in India has grown rapidly, but broadband penetration still lags behind that of comparable emerging economies such as China. We expect broadband connections in the country to rapidly grow to over 20 million by 2010. India is potentially the largest market for WiMax as a primary access mechanism for broadband access," said Mr Ruchir Godura, Vice-President (Worldwide Sales), Telsima.

The company plans to achieve more than 50 per cent of its sales from India.

The company would also offer voice compression products for mobile networks and has plans of entering the capital market with an initial public offering in the next four years.

Telsima had recently announced its Series C ($20 million) funding from leading venture capital firms such as New Path Ventures, New Enterprise Associates, JAFCO Asia, CMEA Ventures and Intel Capital.