Telenity to open Indian R&D centre

Posted on | July 18, 2006 |

US-based VAS platform provider, Telenity will set up an R&D centre in India with an initial investment of Rs 30 crore.

Telenity CEO Dilip Singh:

“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 five crore in the first phase and increase it to Rs 30 crore in the next 3-5 years,”

BSNL is Telenity’s customer, where it powers their value-added and location-based services.

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.

Source: ET

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