Tulip IT Services conferred ILD license by the Department of Telecom

Tulip IT Services Ltd on July 09, 2007 has announced that it has been awarded the ILD (International Long Distance) license by the Department of Telecom (DoT) of the Government of India.

This license will allow the Company to address the needs of its customers for international Voice, Video and Data connectivity. The Company foresees the ILD license as a large business opportunity that will enable it to provide high-end services in the burgeoning VPN (Virtual Private Network) bandwidth market. As per industry estimates, the international connectivity market is expected to double from over Rs 1800 Crores in 2006 to over Rs 3600 Crores in 2012.

The ILD license will allow Tulip to offer a wide array of network carriage services for international connectivity to customers from an integrated platform and to provide International leased circuits to subscribers. This will further strengthen Company's position as an end to end solution provider.

Speaking on this occasion Lt Col H.S Bedi, Managing Director, of the Company stated, "It is a momentous occasion for Tulip and the Company has come a long way since its inception. This license opens a host of business opportunities for the Company and Tulip is appropriately positioned to leverage these opportunities." He further added "We have a strong footprint in the domestic market with our reach in over 800 cities. The award of this license will further enforce our commitment to being an end-to-end connectivity solutions provider that provides customers with a single point of contact for all connectivity and integration requirements."

With the addition of international connectivity to its portfolio, the Company has become a unique service provider that provides customers with a one-stop-shop for all connectivity needs including Network Integration, Domestic Connectivity, Managed Network Services, Data Centers and International connectivity.

Source : Equity Bulls

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