Financial Daily from THE HINDU group of publications
Wednesday, Nov 09, 2005
Financial Daily from THE HINDU group of publications Wednesday, Nov 09, 2005 |
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Info-Tech
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Telecommunications Hughes Systique gets 2 investors, to open India centre Our Bureau
New Delhi , Nov. 8 COMMUNICATIONS software systems development company Hughes Systique has announced it has closed a fully funded financing with two major investors — NextWave Wireless and SkyTerra Holdings — to launch the company's India development centre in Gurgaon. SkyTerra Holdings is a wholly-owned subsidiary of SkyTerra Communications, which is a 50 per cent owner of Hughes Network Systems. The Hughes Systique management would be led by Mr Pradeep Kaul, President and CEO, and Mr Anil Sharma, Executive Vice-President. In addition, Mr Pradman Kaul, Chairman and CEO of Hughes Network Systems, would serve as the Chairman of Hughes Systique. "The management of Hughes Systique I composed of veterans from the telecommunication industry who were directly responsible for the launch of three telecom companies in India as part of Hughes Network Systems — Hughes Escorts Communications, Hughes Software Systems and Hughes Tele.com (India)," a company release said here. Hughes Systique is positioning itself as a technology service company and would be developing telecom software with emphasis on wireless broadband, Voice over Internet Protocol, IP networks and next generation networks.
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