US-based Telenity to open R&D centre in India
The facility in India would be the company's second R&D centre globally, first being in Europe.india Updated: Jul 17, 2006 11:11 IST
Eyeing a share in the growing value-added services market in India's telecom sector, US-based communications company Telenity will set up an R&D centre with an initial investment of Rs 30 crore.
"We will set up an Research and Development centre either in Delhi or in Pune by the end of next year to offer application-based services to consumers. We will invest Rs 5 crore in the first phase and increase it to Rs 30 crore in the next 3-5 years", Telenity CEO Dilip Singh said.
The facility in India would be the company's second R&D centre globally, first being in Europe.
In the coming few years, the Indian R&D centre would become a hub for our global operations, Singh said.
Telenity is already helping state-owned telecom company BNL to offer personalised, value-added and location-based services to its mobile network subscribers.
In a bid to cash in on the fast growing value-added services market in India, he said, the company would open two to three offices more in India, at Bangalore, Hyderabad and Pune.
Telenity currently has an office at Delhi in the country.
As voice ARPU (average revenue per share) is declining worldwide, maintaining and increasing subscriber base and deploying the right value-added services quickly and efficiently becomes critical for operators to sustain their profitability and growth, Singh said.
Value-added services contributed to 10 per cent of total the services revenue of operators in India, he said, adding revenues from the sector were growing at an annual rate of 30 per cent and was likely to grow at a faster pace in the coming few years.