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AT&T rejoins Indian telecom sector by Buying 25% Stakes in Reliance Jio Infocomm

21 March 2013 2,631 views No Comment

RelianceAT&T re-enters Indian Telecom sector by buying stakes in Reliance Jio Infocomm, which is India’s only 4G operator. Jio Infocomm’s VVoIP software provider Russian software giant SPIRIT DSP welcomes the move. AT&T is expected to buy 25% of Mukesh Ambani’s Reliance Jio Infocomm’s shares. Reliance Jio Infocomm, formerly known as RIL Infotel Broadband, is a susidiary of Reliance Industries. Reliance Jio Infocomm holds pan India 20MHz spectrum in 2300MHz band to compress 4G/LTE-TD services. It can offer upto 100Mbps downlink too. A deal to provide voice and video services to consumers using SPIRIT DSP’s VVoIP engine is also made by Reliance Jio Infocomm. SPIRIT DSP is world’s #1 voice and video over IP engines provider.

Andrew Sviridenko, chairman SPIRIT DSP says in a press release, “This acquisition move marks a significant milestone in the Indian telecom sector, and reflects on the movement by the largest telecom service providers to see greenfield opportunities in parts of Asian regions that have been slow to deploy LTE” He continued, “AT&T’s planned investment into Reliance Jio, given its huge spectrum acquisition, is an obvious indication of AT&T’s interest in propelling the currently lagging LTE market in India. This acquisition underscores the great opportunity for the largest service providers to look beyond their boarders to capitalized on entering new growing markets for LTE expansion,”

AT&T is up to bringing the LTE market of the country to a high place. Let’s see what are the results of this connection between the companies.

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