New Delhi: Communication solutions provider ATand T Global Network Services India, which soon launch its commercial business in the country that will start providing Internet services to the corporate enterprise sector here by the end of this year, the company said.
The company, which currently has five MPLS-enabled global network nodes for providing services in India, will set up two new nodes by the end of this year besides doubling the capacity of its existing two nodes at Bangalore and Mumbai, AT&T CEO and managing director Sanjiv Bhagat said.
In November 2006, the comapny became the first foreign telecom operator to secure new licences -- ILD/NLD/ISP under the government’s revised policy on foreign direct investment, which allows up to 74% foreign ownership.
“The company will invest $750 million in 2007 globally including India,” company’s Asia Pacific vice president V S Gopi Gopinath said.
AT&T recorded 40% growth last year in India and is expecting similar growth rate to continue for the next two years, he said.
It currently provides its services to over 300 business customers in the country and is talking to its existing customers as well as new companies to provide ISP services by the end of this year, he added.
“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,” Gopinath added.