PETAH TIKVA, Israel -- ECI Telecom, a global provider of networking infrastructure solutions, today announced that Voice & Data, India's leading telecom magazine published by Cyber Media, ranked ECI Telecom as the #1 transmission equipment vendor in India for the third consecutive year. The company maintained its leadership with 30% market share, significantly ahead of other market competitors.
India’s domestic telecommunications segment is one of the fastest growing markets in the world, driven in large by the exponential growth rate of the country's cellular sector from which transmission vendors as ECI are particular beneficiaries.
According to the Voice & Data survey, the Indian telecommunications industry grew by 24% from Rs 76,973 crore ($18 billion) in FY 2006-07 to Rs 95,407 crore ($22.3 billion) in FY 2007-08. The transmission equipment market increased by 53% to record Rs 1,931 crore ($452 million) in revenues, propelled primarily from the network infrastructure expansions required to support increased cellular voice traffic.
India also experienced high growth in the broadband access market, with 68% year-over-year growth. As an end-to-end network equipment provider, ECI is well-positioned to leverage its leadership in the transmission market to compete in this sector as well. ECI’s 1Net business framework, as announced in March 2008, can help service providers with the inevitable transition to next-generation networks and services, through fiber to the home/building technologies, Carrier Ethernet and managed services.
Elaborating on ECI's leadership position, Kiran Pande, President, ECI Telecom India, said, “We are very proud to be recognized as the leading transmission equipment vendor in India for the third consecutive year. This acknowledgement is once again a testament of our ongoing leadership and expertise in this important growth market. Our ongoing commitment to offer innovative and efficient solutions to our customers, as define by our 1Net framework, has allowed us to become the 'partner of choice' to India's key telecommunication operators, supporting them in their efforts to deliver the country's next generation of services."
ECI Telecom Ltd.