Ericsson and Bharti Sign Managed Services and Infrastructure Contract.Business Editors/High-Tech Writers STOCKHOLM, Sweden--(BUSINESS WIRE)--Feb. 9, 2004 Ericsson (Nasdaq:ERICY) and Indian operator Bharti leverage their cooperation to accelerate growth and performance in the high-growth Indian market. Under the agreement Ericsson combines its strengths in equipment and services to deliver and manage available network capacity when and where Bharti needs it. The three-year contract of Managed Services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , network infrastructure and rollout is valued at approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 400 million and includes operating and optimizing Bharti's GSM/GPRS network. Ericsson will continuously deliver equipment and services based on Bharti's capacity requirements, improving efficiency by eliminating overlap and duplication of roles between the two companies as well as securing cost-efficient roll-out and operation of on-demand capacity. "This agreement is an indicator of Bharti's innovative approach to this fast changing market and takes our long relationship with Bharti to the next level," says Hans Vestberg, Senior Vice President business unit Global Services, Ericsson. "We are honored to be chosen to support Bharti's rapid growth and provide coverage when and where Bharti needs it. The contract with Bharti reconfirms our position as the clear telecom leader." "The agreement is set to redefine the telecom landscape in the country and help us contribute towards a robust telecom infrastructure overall," said Mr. Akhil Gupta Akhil Gupta is a notable scholar in the field of social and cultural anthropology. He currently is a Professor at the University of California, Los Angeles. Biography He is married to Purnima Mankekar, a fellow professor and scholar in the same field. , Joint Managing Director, Bharti Tele- Ventures Ltd. "Telecom is a core infrastructure area and an initiative of this kind will enable us to focus on our core areas while also simultaneously allowing us the benefits of a world class network, managed and monitored by the specialists." Under the agreement approximately 250 of Bharti's technical experts will be taken over by Ericsson India. These highly qualified experts will strengthen Ericsson India services offering. Ericsson is shaping the future of Mobile and Broadband Internet See broadband. communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at http://www.ericsson.com/press About Bharti Bharti Tele-Ventures (BTVL BTVL Bharti Televentures Ltd ) is India's leading private sector provider of telecommunications services with an aggregate of 6.45 million customers as of January 31, 2004, consisting of approximately 5.86 million mobile and 587,872 fixed line customers. Bharti is the largest GSM service provider in the country. The company's all India All India is a phrase used to refer the all the states/regions of India together, esp. during the pre-independence days of India. During the period "All India" essentially included what is now as separate nations such as Pakistan, Bangladesh. market share as of January 31, 2004 was 25.1%. Mobile services constitute the largest portion of the company's business both in terms of total revenues and total customers. Bharti also provides fixed-line, long distance, group data and enterprise services including VSAT (Very Small Aperture satellite Terminal) A small earth station for satellite transmission that handles up to 56 Kbits/sec of digital transmission. VSATs that handle the T1 data rate (up to 1.544 Mbits/sec) are called "TSATs. and Internet services. The company seeks to capitalize on the growth opportunities that it believes are available in the Indian market and consolidate its position to be an integrated telecommunications service provider A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. , with a focus on mobile services. For the year ended March 31, 2003, the revenue and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become as per un-audited IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. accounts were Rs.3,050 crore n. 1. Ten millions; as, a crore of rupees (which is nearly $5,000,000) s>. Noun 1. crore - the number that is represented as a one followed by 7 zeros; ten million (US$ 642 million) and Rs.759 crore (US$ 160 million) respectively. For the quarter ended December 31, 2003, Bharti's revenue and EBITDA as per un-audited IAS accounts were Rs. 1,269 crore (US$ 278 million) and Rs. 473 crore (US$ 104 million) respectively. The company has registered a profit of Rs. 400 crores (US$ 88 million) for the quarter. During the quarter-ended December 31, 2003, mobile services represented approximately 68% of our total revenues. As of December 31, 2003, the company has made a gross investment of over Rs. 11,750 crore (US$ 2.6 billion) in building telecom in India. The Company today offers mobile services in fifteen out of 23 circles in India. As of January 31, 2004, approximately 91% of India's total number of mobile subscribers resided in Bharti's mobile circles, according to COAI COAI Cellular Operators Association of India COAI Clowns of America, International COAI Combination of Adopted Items reports. Bharti Tele-Ventures was the first private sector operator to provide fixed-line services in India when it commenced providing fixed-line services in the Madhya Pradesh & Chattisgarh circle in June 1998. The Company also provides fixed - line services in Haryana, Delhi, Karnataka and Tamil Nadu circles. BTVL believes that these circles have high telecommunications revenue potential, especially for carrying data traffic. The company complements its mobile and fixed-line services with national and international long distance services. The company also has a submarine cable landing station at Chennai, which connects the submarine cable connecting Chennai and Singapore. The long distance and data enterprise services has enormous support from this connectivity and facilitates in offering best value to our customers. The company provides reliable end-to-end data & enterprise services to the corporate customers by leveraging its nationwide fiber optic backbone, last mile connectivity in fixed-line and mobile circles, VSATs, ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. and international bandwidth access through the gateways and landing station. |
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