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Nu Tek India enters into African telecom Market:
Mumbai, 11 October, 2010: Nu Tek India Ltd has informed BSE that that the
company is planning to foray into power sector. The company plans to set-
up power generating capacities based on non-conventional and conventional
methods.
The company has decided to start African Safari with Tigo and Qcell orders
subject to necessary approvals. The company sees $25 million revenues from
the orders. The company has recently set up its subsidiary in Turkey and have
a contract with Ericsson AB, Dubai, to provide services to their operations in
the West Asia. |
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The company has identified three targets for acquisition, among which the
company is most keen on a US-based company with significant presence in
emerging markets. A firm from Turkey is already visible, but its true impact is
likely to kick off shortly, said Mr Inder Sharma, Managing Director, Nu Tek
India Ltd.
The company offers services to telecommunication equipment manufacturers,
telecom operators, and third party infrastructure leasing companies for
installing and maintaining telecom network equipment and infrastructure.
The company continues to connect the world 24x7 with an infrastructure that
is capable of supporting both wired and wireless services. In fact, Nu Tek was
amongst the earliest companies to identify the
opportunity in network services arena.
The scope of telecom industry is immense. CRIS Infac believes that the total
subscriber base is expected to grow to over 283 million subscribers by the
end of 2009-10 while the mobile subscriber base is suspected to grow alone
at 32 per cent. The revenue upsurge is equally admirable. From the existing
revenue of $ 1.7 trillion, it is expected to swing to $2.2 trillion with the next
four years. |
