Israeli telecommunications cos head to India

Export Institute's Avi Hefetz: India adds seven million new subscribers every month.

The Israel Export and International Cooperation Institute has organized a delegation of 19 Israeli firms in the communications industry to meet senior executives of Indian telecommunications operators, including Bharti Airtel Ltd. (BSE: 532454), Idea Cellular Ltd. (532822), Reliance Communications Ltd. (BSE:532712), Tata Teleservice Ltd., Ericsson India Ltd. Nokia Siemens Networks India pvt Ltd., and Vodafone.

The Israeli delegation includes Allot Communications Ltd. (Nasdaq:ALLT), BIS Advanced Software Systems Ltd., B-Obvious Ltd., ClickSoftware Technologies Ltd. (Nasdaq: CKSW), CTware Ltd., EasyRun Communication Software Systems Ltd., FibroLAN Ltd., Formula Telecom Solutions Ltd. (AIM:FTS), Optiway Ltd., Provigent Ltd., Qualisystems Ltd., RAD Data Communications Ltd., Runcom Ltd., Sagarmatha Ltd., Speechmodules Ltd., Tadiran Telecom Ltd., and TeleMessage Ltd..

Export Institute director general Avi Hefetz said, "The timing of the delegation became especially significant when, last week, the Indian government announced the publication of tenders for 3G frequencies. This means that operators will begin to deploy 3G networks in early 2010, and the companies will greatly speed up their procedures and planning in the wake of the government decision."

Hefetz added that India's telecommunications industry was undergoing extremely rapid development, with seven million new subscribers every month, of whom 90% were cellular subscribers.

BDO Ziv Haft - I2I CEO David Keinan said, "In the past year, India has had the fastest telecommunications growth in the world, with a turnover of $32 billion. India has surpassed developed countries such as France and Germany, and is now the fourth largest telecommunications market in the world."

Published by Globes [online], Israel business news - www.globes-online.com - on September 2, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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