Ericsson India acquires stakes in Novatium Solutions

By SiliconIndia   |   Tuesday, 31 August 2010, 10:56 Hrs
Printer Print Email Email
Chennai: Ericsson India, a technology and service provider to telecom operators, has acquired a strategic minority stake in Novatium Solutions, a managed utility computing service provider. This deal allows Novatium a reach in the global market and expertise in telecom infrastructure and operator relationships.

The deal brings to plate for Ericsson the strengthening of its position in India and beyond. Novatium's computing solution allows people to simply plug and compute. The company already has partnerships with leading Indian operators - Bharti, BSNL, MTNL and Tata along with successful pilot and deployments in other countries.

Alok Singh, Chief Executive Officer, Novatium Solutions, said, "This strategic relationship with Ericsson encompasses multi-fold innovations in the technology, consumer content & applications and telecom relationships space. It will, therefore provide impetus to rollout Novatium services globally with market relevant offerings".

Novatium as a distinct new business complementing Ericsson's existing portfolio, will continue to focus on India business and select overseas markets with Ericsson spearheading the overseas business. Novatium claims it's computing as a service solution could bring substantial value to telecom operators active in the broadband value chain, fixed and mobile globally.

SPOTLIGHT
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..