BT's boost for Indian telecoms
BT has joined forces with New Delhi-based company Jubilant Enpro Pvt Ltd in a move which signals further investment and expansion in the Indian telecoms market.
The newly formed BT Telecom India Pvt Ltd has also applied for national long distance and international long distance licenses with the Indian Department of Telecommunications.
If granted this will enable BT to offer full end-to-end services including virtual private networks (VPN) and internet protocol-based multi-protocol label switching (MPLS) to its corporate customers in India.
BT currently connects its India-based customers through local licensed operator Bharti Airtel Ltd.
Jubilant Enpro is part of the Jubilant Group and has diverse business interests in pharmaceuticals, food, oil, and trading.
Speaking about the joint venture of which BT holds 74 per cent interest, BT's CEO Andy Green said: "India is one of the fastest growing markets for BT and our strategic partnership with Jubilant Enpro will strengthen our ICT deployment in India."
BT plans to hire up to 6,000 staff in India over the next two years and predicts revenue in the region of $250m by 2009.
Jubilant Group managing director Hari S Bhartia said: "We strongly believe that this is the beginning of a long-standing relationship which will not only benefit Indian companies but also contribute to the further development of the country's telecoms industry."
A BT spokesperson added that it is very confident the licenses will be granted. If this happens India could see further development in the country's telecoms industry as well as an increase in its global business reach. ®
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