Orange acquires GTL's IT services Business
Facebook Twitter google+ RSS Feed

Orange acquires GTL's IT services Business

Printer Print Email Email
Mumbai: Orange Business Services, the business communications arm of France Telecom, has entered into an agreement with GTL for acquiring the Enterprise Network Services and Managed Services business in an all cash deal.

Orange had exited from India in 2003 after selling its 26 percent stake to BPL mobile and the acquisition marks its re - entry. The acquisition of GTL?s IT services would provide Orange with a significant customer base, sales force, large pool of professionals and relationships with technology providers to address enterprise networks space.

Commenting on the agreement, Manoj Tirodkar, CMD, GTL, said, "The fact that Orange is acquiring the business speaks for the quality of assets we have built. The hiving of the enterprise business is part of our efforts to focus on Network Services for Telecom carriers."

Speaking on the occasion, Barbara Dalibard, CEO, Orange Business Services said, "India is a key growth market for our customers. The acquisition of GTL's Enterprise and Managed Services divisions broadens our ability to deliver best-in-class enterprise services and solutions for our customers throughout the region, including customers in India." She added, "This investment strengthens significantly our presence in Network Related Services and in the Asia-Pacific region, two major areas of growth in Orange Business Services strategy to be a global communication provider."

GTL as part of its IT services business offers Enterprise Solutions and Managed Services to medium and large corporates. It has over 450 customers, with major presence in the BFSI and ITES segments. Some of clients are Citibank, Standard Chartered, Deloitte, WNS, and First Source. The company also has relationships with technology providers such as Alcatel-Lucent, Nortel, Juniper, Patchlink, Arc Sight and Verint in the enterprise space.

Write your comment now
Submit Reset