New Delhi: Communications solutions provider AT&T Global Network Services India announced the launch of its commercial business in the country to tap the corporate enterprise market on 13April.
“India is a high-priority market for just about every global MNC, and the increasingly competitive telecom landscape will be a major factor in helping attract further MNC investment and expansion into India,” according to V S Gopi Gopinath, vice president of AT&T Asia Pacific.
Gopinath said AT&T is strongly positioned to meet Indian companies’ telecommunication needs. The company is investing $750 mn (Rs3375 crore) in 2007 to support global customers. This would help AT&T provide consistent services to customers worldwide.
AT&T, a joint venture between AT&T Inc and Mahindra Telecommunications Investment Private Ltd, has secured NLD and ILD licences from the government.
In November 2006, the company became the first foreign telecom operator to secure new licences under the government’s revised policy on foreign direct investment which allows up to 74% foreign ownership.
“We are pleased AT&T - world’s largest communications company - is increasing its commitment and capabilities in India through its own licenses. Their offerings will definitely increase competitiveness of IT enterprises and IT users who need world class, global connectivity,” Dayanidhi Maran, Minister of Communications and IT said.