News Details

News Details

Press Release - Nu Tek India starts Operations in Africa


Wednesday, May 11, 2011


NuTek India starts Operations in Africa

 

Wins Network Optimization Contract fromNSN

 

New Delhi, May 11, 2011: NuTek India Limited [BSE: 533015 |NSE: NUTEK], a leading telecom infrastructureservices provider, announced that it has started its operations in Africa. Thecompany has already established its branch in Kenya and is in the process ofregistering branches in the other neighboring countries. The move is a part ofthe company’s strategy of shifting focus to International Markets to furtherrevenue growth and also improve margins. The company won a contract with NSN,a Telecom Equipment Manufacturer with presence across the globe, in a recentlyconcluded e-auction for RF Drive Testing Services and Networks Optimization inKenya, Uganda, Malawi and Madagascar. Nu Tek has developed its own design and optimizationteams with its over 15 years experience in India. The initial order value isestimated to be € 1 Mn with potential of going upto € 5 Mn as the networkgrows.

 

Theseservices will be provided on the Bharti Airtel Network, which is presentlybeing expanded after Airtel bought over the network from Zain, in a much-publicizedacquisition. Apart from Airtel, NSN is also delivering networks for MTN and otheroperators across Africa. There are strong possibilities of bigger network rolloutsin South Africa, which is one of the most mature markets in the Africa. Mostof the networks in Africa are traditional 2G networks, which are presentlybeing expanded and upgraded to 3G networks. Apart from this, Africa has alsoseen BWA spectrum been licensed to Operators in different countries and theIndustry could see a spurt in Telecom Activity related to WIMAX and LTEdeployments next year.



About NuTek:

Nu Tek (BSE- 533015| NSE- NUTEK), isa Telecom infrastructure services provider offering Infrastructure rolloutsolutions for both mobile and fixed telecommunication networks. Their strengthlies in the breadth of services they offer in the telecom infrastructurespace. They offer services to Telecommunication Equipment Manufacturers,Telecom operators as well as third party infrastructure leasing companies ininstalling and maintaining Telecom Network Equipment & Infrastructure. Inthe process of creating a total solution, Nu Tek undertakes initialfeasibility studies, prepare strategies, and undertake engineering,electronics, construction, installation, integration and maintenance ofnetwork components for their customers. They are also registered withDepartment of Telecommunication as Infrastructure Provider - Category I.

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