RUSSIA: SPIRIT DSP, the world's #1 voice and video over IP engines provider serving more than 1 billion users in 100+ countries, commented on AT&T's recent announcement to buyout a 25 percent stake in Indian telecom service provider Reliance Jio for $3.5 billion.
Currently, Reliance Jio is the only owner of pan-India BWA spectrum through winning License for Broadband Wireless Access (BWA) Spectrum in 22 circles across India, auctioned by the government in 2010. Reliance plans to invest around Rupees 500 billion in LTE deployments.
Andrew Sviridenko, SPIRIT’s chairman, said: "This acquisition move marks a significant milestone in the Indian telecom sector, and reflects on the movement by the largest telecom service providers to see greenfield opportunities in parts of Asia ― regions that have been slow to deploy LTE. AT&T's planned investment into Reliance Jio, given its huge spectrum acquisition, is an obvious indication of AT&T's interest in propelling the currently lagging LTE market in India. This acquisition underscores the great opportunity for the largest service providers to look beyond their boarders to capitalized on entering new growing markets for LTE expansion."
Reliance Jio recently partnered with SPIRIT DSP to offer voice and video calls over its LTE network across the country. AT&T also licensed SPIRIT DSP's voice engine, which works at the heart of AT&T's popular Connect web conferencing service.
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