Pacnet to Expand Telecom Operations in India
Following approval from the Foreign Investment Promotion Board (FIPB), telecom service provider Pacnet has increased its stake from 55 percent to 74 percent in its joint venture Pacific Internet India.
According to Bill Barney, CEO, Pacnet, the company expects to get National Long Distance (NLD) and International Long Distance (ILD) license within a month. "We’re looking forward to obtain a letter of intent from the Department of Telecommunications, GoI, soon," he said.
Pacnet, which is a ISP licensee, is looking for acquisitions in key areas, but Barney declined to comment on the investment side.
Pacnet plans to launch a suite of network services that include IP VPN, International Private Line (IPL), IP Transit, and Ethernet IPL as well as managed services.
As per TeleGeography, a research firm, the bandwidth demand in India is set to grow from 157,041 Mbps in 2009 to 1,344,141 Mbps in 2014. Barney said that the shift will be driven by increasing consumer demand and competitive introduction of linear cable systems.
"We have ASON/GMPLS-enabled optical network, a fastest backbone in Asia. The company offers lowest per megabit upgrade cost, and we are set to leverage our core network asset in telecom value chain," Barney said.
Pacnet offers next generation networks to SMBs and enterprise segment for their domestic and international operations. It offers Internet services in the cities that include Mumbai, Chennai, Bangalore, Hyderabad, Pune and Gurgaon. Pacnet has a submarine cable network of more than 36,500 km.
- Here Are The 10 Best Companies For Women In India
- Delving Into The ABC Of Cyber Security
- Weekly Rewind: Top 10 Stories On CXOToday (Oct 9-13)
- Telecom Consolidation: Tata Tele Merges With Airtel
- IoT Knowledge Gaps Exist In Consumer Product Industry
- Ericsson Sees 5G Readiness On The Rise
- Why Companies Need To Invest In Chief AI Officer
- Ola Vs Uber And The Battle Of Dominance In India
- Facebook India MD Umang Bedi Resigns
- AMD Plans Expansion In India, To Hire 500 Engineers: Report