Sify Technologies Limited (SIFY) Becomes the First-ever Integrated Information & Communication Technology (ICT) Company to Land an International Undersea Cable in India
CHENNAI, India, May 24, 2010 /PRNewswire-FirstCall/ -- Sify Technologies Limited (Nasdaq NM: SIFY), a leader in Enterprise and Consumer Internet Services in India with global delivery capabilities, and Gulf Bridge International (GBI), Qatar, today signed an agreement to land GBI's sub-sea cable system in India.
Gulf Bridge International (GBI), the Middle East's first privately owned submarine cable operator, also announced that Sify will provide a landing station for GBI's cable in Mumbai, India.
The GBI cable system, which will connect all the countries of the Gulf region to each other, will provide onward connectivity to India and beyond via Sify's landing station. The launch of GBI's cable system will provide telecom operators and other communications companies, both in the region and globally, greater choice, value, diversity and resilience.
"We are delighted to announce that GBI have selected Sify to be our landing partner in India. As one of India's leading internet communications companies, Sify is well placed to ensure that GBI's cable system is fully integrated into the expanding Indian domestic market," commented Mr. Hamad Al Mannai, Executive Vice Chairman of GBI. "We are looking forward to a long and successful relationship with Sify," he added.
"Access to Undersea Cable System will allow SIFY Technologies to serve the emerging markets in the Middle East as well as the African region, which are also amongst the fastest growing economies in the world. This allows SIFY to enable a reliable and secure information superhighway to connect the Middle East to Asia Pacific & the Americas, thus bringing in superior network connectivity to the Middle East & African regions. Sify further strengthens its position as a leading ICT player by combining its existing Data Center, Network and Application services with the opportunities provided by the GBI cable system," says Mr. Raju Vegesna, CEO and Managing Director, Sify Technologies Limited.
"India and the Middle East Region have long established business ties. Today both are successful business hubs with an increasing dependency on telecommunications services, which in turn generates increased demand for international capacity," said Mr. Ahmed Mekky, Board Member and CEO of GBI. "Today's agreement with Sify will enable GBI to fulfill our mission to connect the world to the Gulf through the eastern route to India as the Gateway to Asia and the western shores of the USA."
"GBI Cable System will provide industry leading secure and direct connectivity to all the Gulf countries as well as to Egypt, Africa and Europe. The new generation technology and class leading architecture of the GBI cable system will take telecommunication services in India to the next level. This will complement our objective of providing quality services to our customers and partners," says P J Nath, Executive President - Enterprise Business, Sify Technologies Limited.
Scheduled to launch in 2011, the GBI cable system will connect all the Gulf countries via a core ring, which can re-route traffic, thereby increasing resilience. With a design capacity of up to 5 terabits per second on certain cable sections, the GBI Cable System will have the capability to meet the rapid growth in demand that has been forecast for traffic originating and terminating in Gulf.
About Gulf Bridge International
Gulf Bridge International (GBI) is a private company dedicated to connecting all the nations of the Gulf region to one another and to the rest of the world, using the latest fiber optic technologies. The GBI cable will be developed and owned by GCC investors who are building this strategic infrastructure to serve the entire region. GBI intends to be the carrier's carrier-of-choice for traffic to and from the Gulf, facilitating social and economic growth in the region
For more information visit http://www.GBIinc.com
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 cross 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 report on Form 6-K for the quarter ended September 30, 2009, 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.
For further information, please contact:
Contact information
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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