Sify Becomes the First ICT Player to Have Submarine Cable System
CHENNAI, India, February 28, 2011 /PRNewswire-FirstCall/ -- Sify Technologies Limited (Nasdaq NM: SIFY), a leader in Enterprise and Consumer Internet Services in India with global delivery capabilities today announced its readiness to activate their capacities in the Europe India Gateway (EIG) submarine cable system, thus becoming the first ICT player to do so.
Sify has made a strategic investment in EIG capacities to support their expanding global operations.
EIG is a US $700 million high-capacity fiber-optic cable and one of the most advanced submarine cable systems in the world. It will provide multinational customers additional diversity and capacity to meet their critical communications needs. When fully activated, the EIG will be the first, direct, high-bandwidth optical fiber system from the UK to India.
The immediate beneficiaries are Sify's enterprise customers and partners in India, Europe & Americas, who can now leverage their enhanced capability to extend network and managed services across Middle East and Africa.
Sify's exclusive partnership with GBI (Gulf Bridge International) to land their Cable System in India, scheduled to go live in second half of 2011 will consolidate its position as a major player providing comprehensive ICT services globally.
Chairman of Sify, Mr. Raju Vegesna commenting on the achievement said "We will have over 50 Gbps of bandwidth between India, Middle East and Europe and this will establish our presence and reputation on the Global Telecom map. Our International Services now have a world class cable system backing to serve the growing markets in the Middle East & Africa."
"We are working with our Middle East Telecom partners to create seamless network services to serve Indian, Asian & US Carriers and Business and help them connect to Middle Eastern countries like Saudi Arabia, Bahrain, Qatar, UAE, Oman, Yemen, Iraq, Sudan and East African countries like Djibouti, Somalia, Kenya, Tanzania, Mozambique, South Africa and Madagascar. We are also working on establishing similar capabilities on India's eastern sea board," Mr. Vegesna added.
"Sify's activation of its capacity in EIG demonstrates our commitment to empower our customers and partners to do business in the global growth markets," Mr. Vegesna concluded.
About Sify Technologies
Sify is among the largest Managed Enterprise and Consumer Internet Services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common telecom data network infrastructure reaching more than 600 cities and towns in India.
A significant part of the company's revenue is derived from Corporate Services, which include corporate connectivity, network and communications solutions, security, network management services, enterprise applications and hosting. Sify is a recognized ISO 9001:2008 certified service provider for network operations, data center operations and customer support, and for provisioning of VPNs, Internet bandwidth, VoIP solutions and integrated security solutions, and ISO / IEC 20000 - 1:2005 certified for Internet Data Center operations. Sify has licenses to operate NLD (National Long Distance) and ILD (International Long Distance) services and offers VoIP back haul to long distance subscriber telephony services. The company is India's first enterprise managed services provider to launch a Security Operations Center (SOC) to deliver managed security services. A host of blue chip customers use Sify's corporate service offerings.
Sify also caters to global markets in the specialized domains of eLearning Services and Remote Infrastructure Management Services. The eLearning Services designs, develops and delivers state-of-the-art digital learning solutions for non-profit, for-profit organizations and governmental organizations in the fields of Information technology, engineering, environment, healthcare, education and finance. The Remote Infrastructure Management Services provides dependable and economical solutions around managed services, hosting and monitoring.
Consumer services include broadband home access and the ePort cyber cafe chain across more than 200 cities and towns in India. Sify.com, the popular consumer portal, has channels on news, entertainment, finance, sports, games and shopping. Samachar.com is the popular portal aimed at non-resident Indians around the globe. The site's content is available in 8 Indian languages, which include Hindi, Malayalam, Telugu, Kannada and Tamil, Punjabi and Gujarati in addition to English.
For more information about Sify, visit http://www.sifycorp.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify's business, please see the discussion under the caption "Risk Factors" in the company's Annual Report on Form 20-F for the year ended March 31, 2010, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at http://www.sec.gov, and Sify's other reports filed with the SEC.
For further information, please contact
Sify Technologies Limited
Mr. Pijush Das
Investor Relations
+91-44-2254-0777 (ext. 2703)
[email protected]
Mr. Praveen Krishna
Corporate Communications
+91-44-22540777 (extn.2055)
[email protected]
Grayling Investor Relations
Ms. Truc Nguyen (ext. 418)
Mr. Christopher Chu (ext. 426)
+1-646-284-9400
[email protected]
[email protected]
SOURCE Sify Technologies Limited
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