Business Daily from THE HINDU group of publications Saturday, Apr 14, 2007 ePaper |
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Info-Tech
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Telecommunications Marketing - New Products & Services AT&T launches ILD services in India Our Bureau
New Delhi April 13 AT&T Global Network Services on Friday announced the launch of its international long distance services in India. The company was the first foreign telecom operator to get an ILD licence after the Government allowed 74 per cent foreign direct investment in the telecom sector. The US-based company has formed a joint venture with Mahindra Telecommunications Investment Private Ltd to offer international voice and data services to multinational enterprises in India. AT&T's entry will further intensify the competition in the ILD segment dominated by Indian majors VSNL, Bharti and Reliance. AT&T will, however, not offer services to the retail consumers. "India is a high-priority market for just about every global MNC, and the increasingly competitive telecom landscape will be a major factor in helping to attract further MNC investment and expansion into India. AT&T is strongly positioned in India to directly meet their telecommunication needs. AT&T is investing $750 million in 2007 to support our global customers. This will help AT&T to provide our global customers with consistent services worldwide and help drive their business growth. Today's announcement is a major milestone for the new India business," said Mr V.S. Gopi Gopinath, the recently appointed Vice-President of AT&T Asia Pacific. The company is expected to spell out its India specific strategy next week. Mr Dayanidhi Maran, Minister of Communications and IT, said, "We are pleased that AT&T the world's largest communications company is increasing its commitment and capabilities in India through its own licences. Their offerings will definitely increase the competitiveness of IT enterprises and IT users who need world class, state-of-the art global connectivity. For its part, the Government through its policies will ensure that India continues to be an investor friendly destination for global telecommunications companies."
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