PUNE, India, October 19, 2012 /PRNewswire/ --
Company Maintains Market Leadership for Telecom Cables in India
Sterlite Technologies Limited [BSE: 532374, NSE:STRTECH], a leading global provider of transmission solutions for the telecom and power industries, today announced that it has received the Voice&Data "Top Telecom Cable Company 2011-12" award for being India's biggest player in FY 2011-12. As per Voice&Data 100 - India's most comprehensive survey of Indian telecom market - Sterlite with revenues worth Rs 804 crore from global sales of telecom cables, registered the highest market share in India. The trophy was presented to Rahul Sharma, Business Head - System Integration, Sterlite Technologies Limited by Debjani Ghosh, MD, Intel South Asia, during the awards function held at Hotel Taj Palace in New Delhi.
Sterlite's contribution to the Indian telecommunications industry has been repeatedly recognized through this forum. Sterlite is the only company to have won this award for nine consecutive years from 2004-12.
KS Rao, COO (Telecom & Power Conductors Business), Sterlite, said, "We continue to consolidate our position and provide a range of solutions taking into account the current network needs. The Indian telecom industry is expected to register significant growth and the demand for fibre in the network will rise due to increasing thrust on providing high-bandwidth connectivity including Government spending on creating National Defence and Broadband networks."
In the Telecom segment, Sterlite provides telecom operators in India and across the globe with a range of connectivity products like optical fiber, optical fiber cables, and structured data cables along with connectivity solutions. FY 2011-12 saw the launch of new products namely G657 low-bend radius optical fiber and blown high-density, high-count fiber optic cables, among others. Further, Sterlite's capacity expansion of 20 million kms for optical fiber is on schedule.
The Voice&Data 100 is India's largest and most comprehensive annual survey; in its 13th year, it covered 27 categories of telecom products and services. Further, Voice&Data Telecom Awards is India's most prestigious telecom industry event, and is marked by the presence of CEOs, senior government officials and stalwarts from the communication industry, service providers, equipment vendors, networking and other telecom companies and enterprises.
About Sterlite Technologies Limited:
Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE: STRTECH], is a leading global provider of connectivity solutions for the power and telecom industries. Equipped with a product portfolio that includes power conductors, optical fibers, telecommunication cables and a comprehensive telecom systems / solutions portfolio, Sterlite's vision is to 'Connect every home on the planet'. Sterlite is also executing multi-million dollar power transmission system projects, pan-India.
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SOURCE Sterlite Technologies Limited