British firm buys out Indian software JV partner

Monday, 05 January 2004, 20:30 IST
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NEW DELHI: British wireless consultancy service firm Aircom International has bought out the 49.5 percent equity shares of HCL Perot Systems (HPS) from its Indian joint venture Aircom HPS Wireless Services (AHWS). The new company will be a wholly owned subsidiary of Aircom International UK and would now be known as Aircom International (India) Private Limited, the company announced Monday. "With the emergence of Aircom India, we plan to continue to penetrate the Indian and SAARC telecommunications markets with more vigour and re-emphasise our expertise and leadership in the wireless business," said Stephen Mockford, group chairman and managing director, Aircom International Limited. The company will offer a full blend of products, consulting, training and support services in the wireless sector, for which they have procured the Certificate of Incorporation from the Registrar of Companies. They would be fully operational by March this year. "We are finalising the strategy document with the India team and will announce our detailed strategy for the India and SAARC market by the end of this month," said Mockford. Aircom customers include network operators such as Hutchison, MTN, Orange, Batelco, TCI, T-Mobile and Vodafone as well as infrastructure vendors such as Nokia, Ericsson, Lucent, NEC, Siemens and NTT DoCoMo.
Source: IANS