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UTStarcom eyes 10% of global revenue from India in 2-3 yrs

UTStarcom eyes 10% of global revenue from India in 2-3 yrs
PTI
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First Published: Mon, Sep 24 2007. 10 08 AM IST
Updated: Mon, Sep 24 2007. 10 08 AM IST
New Delhi: US-based UTStarcom, which had recently bagged two IPTV deals Bharti Airtel and MTNL, expects more deals for triple-play services in India and hopes to generate 10% of its total global revenue from the country in the next 2-3 years.
After helping MTNL bundle TV, Internet and voice into one service, the company had last week announced its deal with Bharti Airtel, which would enable Bharti to offer live TV broadcast and video-on-demand with broadband and voice services.
According to industry sources, the company is likely to announce its next deal in the IPTV segment with Reliance Communications.
“We expect 10% of our total global revenues from India in the next 2-3 years from currently $150 million and hope for more deals in IPTV segment by the next quarter this year, UTStarcom managing director Vijay Yada said.
The global revenues for the company stands at $2.7 billion.
The company is in talks with all wireline telecom operators, including Reliance for IPTV services, Yadav said but declined to name the companies.
IPTV will be the company’s main revenue stream in the near future, Yadav said adding that “it has grown very fast in China and Japan and we expect the same from Indian market too.”
“IPTV has huge potential and will be a big success with broadband costs coming down and CAS becoming compulsory in the country,” he said.
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First Published: Mon, Sep 24 2007. 10 08 AM IST