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Bharti Airtel Results :Bloodbath On The Streets; Net Profit Down By 75%

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The industry continues to see a gory picture and telecom companies in India continue to bleed quarter over quarter, the only difference is, they are bleeding more with the time. This became evident once again today as country’s largest telecom operator, Bharti Airtel, announced its first quarter results. The company’s net profit, on a consolidated basis, plunged 75% in Q1 of 2017 compared to the same period a year ago.

Bharti Airtel posted a net profit of Rs 367 crore for the quarter ended 30 June, 2017 compared to Rs 1462 crore for the same period in the previous fiscal year – a dip of 75%.

In terms of of consolidated revenue, the company clocked Rs 21,958 crore in Q1, 2017 versus Rs 25,547 crore in the same quarter of the previous financial year, showing a decrease of 14%.

“The pricing disruption in the Indian telecom market caused by the entry of a new operator continued with industry revenues declining over 15% Y-o-Y, creating further stress on sector profitability, cash flows and leverage,” said Gopal Vittal, MD and CEO of the company.

If we see country specific earnings, India is its biggest market, and this is where the company is bleeding the maximum – obviously for a ‘new operator’.

Bharti Airtel, for its India market, registered revenues of Rs 17,244 crore for the first quarter in 2017 compared to Rs 19,155 crore for the corresponding period a year ago, showing a dip of 10%.

“Consequently, our revenues declined 10% and EBITDA margin eroded by 5.3% Y-o-Y. We remain committed to providing the best value & experience to our customers and continue to invest towards it. As a result, our network witnessed data and voice traffic growth of 200% & 34% Y-o-Y respectively. We also added 5.2 Mn data customers in the last quarter – our highest ever,” added Vittal who on a day back got reappointed as the company’s CEO and MD for another 5 years.

The company’s consolidated net debt has decreased to Rs 87,840 crore from Rs 91,400 crore in the previous quarter. Net debt excluding the deferred payment liabilities to the DOT and finance lease obligations has decreased by Rs 4,633 crore sequentially in the quarter. Net debt to EBITDA ratio (LTM) for the quarter has remained flat at 2.67 times (vs 2.63 times in the previous quarter). Lower EBITDA along with rising spectrum interest and amortization costs has resulted in deterioration of Return on Capital Employed (ROCE) to 5.6% from 7.6% in the corresponding quarter last year.

While Bharti Airtel or its CEO has not named the new operator, its a child’s guess to know that the operator is Reliance Jio. Since Jio’s launch of 4G services, all the telcos in India are struggling to match with the Mukesh Ambani led firm’s pricing strategy and continue to lose money.

If the Q1 earnings appear disturbing, then the future quarters would be horrific as Jio, so far has targeted the 4G customers of Airtel or similar telcos, but in coming times, and with the launch of Jio Phone, the new operator is going to tap the 2G customers as well.

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AnnouncementsCorporateNationalNews

Airtel Reappoints Gopal Vittal As MD & CEO For Another 5 Years

gopal-vittal-vodafone-idea-merger

Bharti Airtel, the largest operator in the country, has reappointed Gopal Vittal as Managing Director and CEO of its India and South Asia operations for another 5 years. Vittal currently holds the same position and his renewed service would start from February 1, 2018.

Bharti Airtel announced this during the company’s AGM yesterday, on 24 July.

Vittal joined Airtel as its CEO and MD in March 2013. He has been instrumental in taking Airtel out from the stormy financial situations the company was prior to that period.

When Vittal took over, Airtel already had witnessed net loss for eight straight quarters or exactly two years, and the company was sitting on a debt of over $2 billion. This, can never be a sign of a healthy company.

However, after Gopal’s joining the firm at its helm, the company, through various remedial measures, came back to make profits, that too consistently.

The company is going to announce its 2nd quarter results today, on 25 July, and we will apprise you of it at the due time.

He was previously with Bharti Enterprises where he was the Group Director, Special Projects (April 2012- Feb 2013). In this capacity, he worked towards formulating and supporting Airtel’s international strategy and data expansion.

Prior to this Gopal Vittal was with Hindustan Unilever where he headed the $3.5 billion Home and Personal Care division.

As Director, Marketing at Bharti Airtel from 2006 to 2008, he made significant contributions towards driving revenue growth, market leadership and building Airtel as an iconic brand.

Gopal Vittal is an alumnus of Madras Christian College and has completed his MBA at IIM, Kolkata.

 

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CorporateResults

Bharti Infratel Revenue Up By 10%, Profit Down By 12%

bharti-infratel-hoarding

Bharti Infratel, the tower infrastructure arm of Bharti airtel, has posted a 10% growth in reveue in its second quarter ended 30 June, 2017. For the June quarter the company posted revenues of Rs 3524 crore compraed to Rs 3211 crore for the corresponding period a year ago.

The company also showed 12% growth in its EBITDA, from Rs 1408 crore in Q2, 2016 to Rs 1575 crore in Q2, 2017, representing an operating margin of 44.7%.

However, the company’s net profit saw a slump in the reported quarter. Bharti Infratel posted a net profit or profit after tax of Rs 664 crore for the quarter ended 30 June, 2017 as compared to Rs 756 crore in the same period a year ago, showing a dip of 12%.

In terms of total tower assets, at the end of June this year, Bharti Infratel had a total of 90,837 towers, an addition of 1485 towers over the year from the same period. However, this number includes its 42% share of towers from Indus Towers – the tri-party JV between Vodafone India, Idea Cellular and Airtel.

The company had a tenancy ratio of 2.36 at the end of June quarter. In 2016, the same was at 2.20 tenants per tower.

“Indian telecom is moving towards a data centric business model as the demand for data is growing exponentially with the nation decisively embracing the digital world. We continue to observe significant network rollouts for data coverage and we believe all operators will further accelerate their data network rollout plans to grab a share in the growing data market. The Government of India’s Digital India program and Smart City project pose additional opportunity to create infrastructure for sharing on a non-discriminatory basis. As Bharti Infratel and Indus Towers, we are well positioned to grab our fair share of the emerging data led growth market and build vital infrastructure for Smart Cities for sharing on non-discriminatory basis,” said Akhil Gupta, Chairman, Bharti Infratel Limited.

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AnnouncementsCorporate

Full Speech Of Mukesh Ambani On RIL 40th AGM And Jio Phone Launch

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RIL Chairman Mukesh Ambani on 21 July addressed the shareholders during the company’s 40th AGM. In RIL 40th AGM, the company also made a revolutionary announcement to bring the over 50 crore 2G phone users to a smartphone era and said how they can be a part of India’s digital revolution. Ambani also launched a 4G feature phone – Jio Phone – eyeing the 50 crore plus Indian 2G users.

Here, we bring you the complete speech delivered by Mukesh Ambani at the RIL 40th AGM.

Dear Friends,
Let me begin with Reliance Jio. It has been only 10 months since the launch of Jio. And what an incredible journey it has been! It has broken one world record after another.

First, nobody believed that we could acquire customers fast enough to justify our Rs 200,000 crore investment in the world’s largest greenfield 4G LTE all-IP network. Team Jio stunned the world. They over-delivered on the 100 million target that I had set for them at our last AGM. In less than 170 days, more than 100 million customers signed up for our services. On an average, we added 7 customers per second every single day. This was the fastest adoption of any technology service, anywhere in the world. Faster than even Facebook, WhatsApp and Skype.This is a testament to the unwavering trust that Indians have placed in us and their love for the brand.

Today, Jio has over 125 million customers. I sincerely thank each and every one of our customers. Aap Sab Ko, Main, Mere Dil Se, Dhanyavaad Deta Hoon !

Second, before the launch of Jio, sceptics said that Voice over LTE is a globally unproven technology. But, we proved them wrong! We enabled Jio users to make unlimited voice calls from anywhere to everywhere in India – absolutely free. Jio users consistently make more than 250 crore minutes of voice and video calls every single day. We are grateful to our Prime Minister Shri Narendra Modi’s Digital India vision, which allows the benefits of technology to be passed on, directly to Indian customers.

Third, many analysts believed that India can never be the largest mobile data market in the world. Again, Jio proved them wrong.

In just 6 months of Jio’s launch, data consumption in India went from 20 crore GB to 120 crore GB per month and has been multiplying ever since. Now, Jio customers alone are consuming over 125 crore GB of data every month, including 165 crore hours of high-speed video every month, making Jio the largest mobile video network. Indeed, India has overtaken USA and China in mobile data usage. Before Jio’s launch, India was 155th in the world in mobile broadband penetration. Now India is number 1 in mobile data consumption and well on its way to becoming number 1 in mobile broadband penetration, in the coming months.

Fourth, sceptics said India being India, free users will never convert to paid users. Once again, Jio’s customers proved them wrong. Starting March of this year, Jio successfully undertook the largest migration from free to paid services in history. And we have converted majority of our free customers to paid customers.

Today, Jio has more than 100 million paying Jio Prime customers. Most of them have recharged on Jio’s Rs 309 or higher plans. Jio Prime members will continue to get tariff benefits with Jio Dhan Dhana Dhan and Every Day More Value plans. Additionally, they will get many attractive surprises.

Jio Prime members have a special place in our hearts. We thank them for their trust in Jio and I want to commit that Jio is a customer-obsessed organization and will always walk the extra mile in serving them every single day.

Dear Shareholders,
There are 78 crore mobile phones in India. However, let us not forget that in this 78 crore, there are more than 50 crore feature phone users who have been left out of the digital revolution. They cannot avail any benefits of a smart phone, much less the benefits of a 4G LTE smartphone. They can neither afford the cheapest 4G LTE smartphone, nor the exorbitant cost of data charged by existing 2G operators.

At last year’s AGM, I had said that data is the oxygen of digital life, and no Indian should suffer because of data scarcity and unaffordability. Sadly, a vast majority of mobile users in India are starved of data. This digital disempowerment and unfairness must end.

Jio is committing to end it today. We shall achieve this in three ways – Connectivity, Data Affordability and Device Affordability.

First, connectivity:
Jio is a data strong network built for the internet from the ground up with the highest speeds and the best coverage. This is a significant advantage we have over all other Indian operators. For the past 5 months, the TRAI SpeedTest portal, which officially monitors the quality of telecom networks in India, has consistently ranked Jio as the clear 4G network leader in coverage, usage and data speeds. 

Our network continues to rapidly expand across the country. And in the next 12 months, Jio services will cover 99% of our country’s population. Because of Jio, India’s 4G coverage will be more than its 2G coverage. It took 25 years for our competitors to build their 2G network. Jio will have created a larger 4G network in just three years.

To support the enhanced coverage, we are also expanding our physical distribution network across India. We will soon have over 10,000 Jio offices, across every city and tehsil town of India. These offices will service our sales channel partners and over ten lakh physical retail outlets that sell Jio services. In addition we will integrate with all major e-commerce platforms.

Second, Data Affordability:
Friends,
It is both unjust and ironic that 50 crore Indians who have feature phones pay more for voice calls and sms than those with smartphones. They end up spending their entire month’s telecom budget of Rs 150 – 200 only to get 150 minutes of voice – while their smartphone counterparts on Jio network get voice for free.

Even today, they have to pay between Rs 4,000 to 8,000 for every GB of data – while their smartphone counterparts on Jio get data for Rs 10 to 20 per GB. If these feature phone users were to consume a similar quantity of data as smartphone users, they would spend over ` 4000 per month at the prevailing 2G data rates.

This makes it impossible for them to even think of using data, let alone avail advanced data services like video calling, mobile video and mobile applications.

Third, device affordability:
Even an entry-level smart phone costs between Rs 3,000 to Rs 4,500 making it unaffordable for feature phone users to upgrade to a smartphone. We simply cannot idly stand by when such a large proportion of our fellow citizens are unable to participate in the digital revolution sweeping the nation. This is the most critical problem in bridging the digital divide.

And I had challenged our young engineers at Jio to find a disruptive Indian solution to this problem. What they came up with, stunned me. And it will stun you.

Today, Jio is going to reinvent the conventional feature phone. With a revolutionary device, an unmatched Indian innovation, Made in India, by young Indians and for all Indians.

Ladies and gentlemen,
Let me introduce India ka Intelligent SmartPhone – Presenting Jio Phone. As you just saw, JioPhone is a truly revolutionary phone that will transform the lives of 50 Cr feature phone users.

Now, let me announce the tariffs for the JioPhone.

First,
On the JioPhone, voice will ALWAYS be free. Currently, the 50 Cr feature phone users are charged Re 1.2 to 1.5 per min for basic voice calling. They end up spending their entire month’s telecom budget of ` 150 – 200 only to get 150 minutes of basic voice.

With Jio’s network coverage reaching 99% of India’s population, and by making voice calls free, this potentially empowers each and every Indian to make FREE VOICE CALLS… to any operator… anywhere in India…

Second,
The 50 Cr feature phone users don’t even have access to basic internet and apps. To enable a Digital Life, they need access to DATA at affordable rates. Starting 15th of August this year, I am declaring DIGITAL FREEDOM for all feature phone users. Jio will give them access to UNLIMITED DATA on the JioPhone.

If these feature phone users were to consume a similar quantity of data on other operator’s network, they would spend over Rs 4,000 – 5,000 per month at prevailing 2G data rates. Jio will provide this at ONLY Rs 153 per month..that is one-thirtieth the price.

I am putting an end to UNAFFORDABLE DATA, with this ALL UNLIMITED, Jio Dhan Dhana Dhan plan of ` 153 per month for the JioPhone! There will be a fair usage policy of half a GB per day, to ensure that bandwidth is fairly apportioned for every user.

Third,
Many JioPhone users might like to view their favorite content such as live TV, movies, education on the big screen of their television sets. This is especially true in many remote parts of India where even cable TV and high speed internet have not reached.

Our young Jio engineers have created an innovation to help them — a special and affordable “JioPhone TV cable” that connects JioPhone with any TV, not just a smart TV, so that all JioPhone users can enjoy viewing on the big screen of their existing television sets. Along with this accessory, users can opt for the existing Jio Dhan Dhan Dhan Rs 309 pack that would allow users to watch almost 3-4 hours of videos daily, of their choice, on a large screen.

Fourth,
We are well aware that many of these users find it difficult to commit Rs 153 upfront. In order to fit every pocket, we are also introducing 2 sachets – a weekly plan for Rs 53 and a 2-day plan for Rs 24, that provide similar value.

Friends,
To sum it up, this breakthrough and revolutionary device named JioPhone along with Jio’s disruptive tariff will unleash the power of Digital Life in the hands of 1.3 billion citizens of the largest democracy in the world.

Now, let’s do a quick recap of today’s highlights:
1. Jio redefined technology service adoption and became the fastest growing company in the world, with more than 125 million customers.
2. Jio revolutionized data consumption and made India the number 1 data-consuming nation, globally 3. In terms of Jio’s network rollout, Jio will ensure that India’s 4G coverage will be more than its 2G coverage in the next 12 months
4. Jio reinvented the conventional feature phone and launched a breakthrough device called the JioPhone that will unleash a Digital Life for every Indian.
5. Jio once again disrupted market tariffs by:
A. Making voice free for 50 Cr feature phone users
B. Introducing an unlimited data plan for JioPhone users at only ` 153 per month
C. Introducing an innovative JioPhone TV-Cable to help connect the JioPhone to ANY TV for watching your favorite internet content
D. Announcing affordable ALL UNLIMITED sachets at ` 53 for a week and ` 23 for 2 days
These are truly five path-breaking and revolutionary announcements from Jio.
But that’s not all. There is ONE MORE THING.

You may want to know how much the JioPhone cost.
Remember that even an entry-level 4G smart phone will cost between Rs 3,000 – 4,500. Today, I am delighted to announce that JioPhone will be available to all Indians for an effective price of – Rs 0.
Yes, you have heard it right …for an effective price of Rs 0! JioPhone is effectively free for Jio customers. We know that anything free can potentially be misused. To protect against misuse of the free JioPhone offer, we plan to collect a fully refundable, one-time, security deposit of ` 1,500 with every JioPhone.

A JioPhone user can use the JioPhone for 36 months, and can get a full refund of the security deposit of ` 1,500 by returning the used JioPhone. Net-net, you pay nothing for the JioPhone. It is free!!

Dear Shareowners,
All Indians – without exception – will not only be free from voice charges, from SMS charges, from extortionist data charges. From 15th August, 2017, they will have access to the highest quality, highest quantity, most affordable and unlimited data. This is how Jio will end the digital exclusion in India. And this is what I call true digital freedom.

Reliance dedicates JioPhone to the nation on the joyous occasion of [email protected] – the 70th anniversary of India’s Freedom and offers it to over 50 crore data-deprived mobile feature phone users in India.

Digital Life will no longer be the privilege of the affluent few. This is the most powerful digital tool ever created in India to empower every Indian. Technological limitations and inefficiencies of some operators will no longer become an excuse to perpetuate digital deprivation to over 50 crore Indians. Reliance democratized the equity culture in the past.

Now, Jio will democratize the digital culture in India.

Jio will be the greatest accelerator of the Bharat-India connectivity. Indians even in the remotest villages will now have the same access to digital entertainment, digital learning, e- Healthcare, e-banking, e-Governance and real-time information that is enjoyed by those in cities like Mumbai or Delhi.

The launch of the JioPhone will fulfill the dream of our Founder, Shri. Dhirubhai Ambani and the Digital India vision of our Prime Minister Hon’ble Shri Narendra Modi.

Friends,
So… when will the JioPhone be available? The JioPhone will be available for user testing in beta from 15th August and for pre-booking from 24th August. And JioPhone will be physically available to those who have pre-booked, on a first come first serve basis, September onwards.

So, I encourage all of you to pre-book a JioPhone as quickly as possible, starting 24th August. And from the last quarter of this year, all JioPhones will be made in India. We are targeting to have 5 million JioPhones available every week.

Dear Shareholders,
I have always set impossible goals and targets for my colleagues at Jio. And they have unfailingly made the impossible, possible. Today, I am mandating the Jio Team to help a majority of feature phone users in India to migrate to JioPhone. JioPhone will make the 2G feature phone obsolete. With this, I am sure Jio will set a new world record.

Friends,
Creating fixed-line high-speed broadband services is the next leap forward for our country. Jio remains well on track to bring world-class optic-fiber connectivity to enterprises, small businesses, homes and public spaces. Most of Jio’s infrastructure for providing these services is already in place. This is the next big monetization opportunity for us. I will regularly apprise you of the progress we make in each of these areas.

Friends,
Our motto is that while we are the best today we will strive to be better tomorrow. Once again, I thank you for being a part of our growing Jio family! We are grateful for your trust, and we are obsessed, 24×7, with providing you a superior customer and service experience.
It is an honor for me to be a part of this amazing journey… I am confident that with Jio and on this fortieth anniversary of Reliance…

Your LIFE IS DIGITAL. And your LIFE IS BEAUTIFUL.

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M&A

Reliance Industries Acquires 20% Stake In Israeli Tech Incubator For $25 Mn

Reliance-Industries_RIL

The incubator, JII, will invest in startups focusing on areas like cloud, big data, IoT, fintech, artificial intelligence and storage, areas Reliance Industries too finds interesting

Reliance Industries Ltd (RIL) today said it is investing $25 million in an Israel based technology incubator named Jerusalem Innovation Incubator that will be focusing on startups that are working in the firled of new age technologies like computer vision, IoT, artificial intelligence and fintech etc.

The decision, perhaps, was taken during Prime Minister Narednra Modi’s recent visit to Israel where many Indian enterprises including Reliance Industries had accompanied the PM for bilateral business talks.

The incubator, JII, is licensed by Israel Innovation Authority (IIA) that functions under the ministry of economy of Israel.

For the incubation center, RIL will be co-investing along with Motorola Solutions, Yissuem and OurCrowd. While Motorola Solutions is a global company, the other two are based out of Israel. OurCrowd, a strtaup, is a crowd-fudning platform and Yissum is a part of Israel’s #1 University, the Hebrew University of Jerusalem.

In terms of stake, RIL and Motorola Solutions will hold 20% stake each and OurCrowd will hold the rest 60%. Yissum will not hold any stake as it is not investing in the company but will assist JII to provide R&D and other support.

The incubator, JII, will invest in startups focusing on areas like cloud, big data, IoT, fintech, artificial intelligence and storage.

“Most of these domains align with our businesses and strategic interests,” RIL said in a filing to the BSE, earlier Bombay Stock Exchange.

The incubator will invest in the startups every year upto 8 years. Reliance Industries’ investment will also be in tranches till the license period of 8 years, the company added.

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M&A

Emids Technologies Acquires Healthcare Analytics Firm Encore

emids-technologies

Emids, a firm providing IT services and solutions for the healthcare and life sciences industries, announced today that it has acquired Encore Health Resources, a healthcare information analytics company focused on value-based care and electronic health records for providers.

The details of the transaction were not disclosed.

“As healthcare becomes more integrated and the focus on consumerism grows, payers and providers are working more closely together,” said emids founder and CEO Saurabh Sinha. The Indian market has always been of utmost importance to us. Today, the Indian healthcare industry is also undergoing a major overhaul driven by technology and innovation. Along with business opportunities we also look to expand our India operations and workforce. ”

Encore helps providers plan, implement, manage and optimize clinical and business systems to meet the demands of healthcare reform and improve the quality, cost and coordination of patient care. Rooted in deep operational expertise from working with large and diverse healthcare systems, Encore’s services unleash the power of data to fulfill growing information and reporting needs for providers, as well as help them improve performance, care coordination and population health management.

In addition to the business opportunities this acquisition presents, it also reflects a seamless fit of core values between emids and Encore. Both companies take a partnership approach to serving clients and have a strong emphasis on developing talent.

“We have a similar culture that focuses on helping customers succeed and prioritizing the professional development of people in our organization,” says Tom Niehaus, who will operate Encore as a business unit within emids.

Encore founder Dana Sellers will be joining emids as a member of the Board of Directors.

The acquisition, which was backed by Baird Capital and Council Capital, adds nearly 200 consultants to emids’ base of 1,500 employees in the U.S. and adds Dallas to its expanding geographic footprint. Expansion also includes a newly opened office in London, a long-standing Bangalore, India, presence, and a Nashville, Tenn-based headquarters. It will also add more than 50 health systems to emids’ client portfolio and deepen its healthcare analytics expertise for clients in the payer and provider markets.

The company said the domestic healthcare industry at present has witnessed the rise in demand and usage of humongous amount of data generated every day.

“Hence, data analytics has become a critical need for the healthcare enterprises to understand the needs of their patients and providers equally. Additionally, connected devices and IoT technologies have also seen an increased uptake. In other terms, digitization is an industry priority today,” it said.

In the Indian context, the acquisition will be instrumental to align the customer’s orientation towards better care management. Encore brings a team of experts with specialized knowledge in clinical and business applications, and the knowledge of working with large and diverse healthcare systems. This will strengthen emids technical and upstream consulting skill sets which rests with the enterprises/providers. In India emids’s offshore delivery centre is based in Bangalore with a strong team of over 1500 healthcare technologists.

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CorporateNewsResults

Telenor India Revenue Dips 18% In Second Quarter

telenor-outlet

Norwegian telecom operator Telenor India that has discontinued its operations under its own name and announced a merger with Bharti Airtel, has shown a 18% dip in its revenue for the second quarter ended June 30.

Telenor’s financial year is same as its calendar year and its books are audited from January.

As per the Q2 results of the company, Telenor India posted a revenue of 1267 million Norwegian Krone (NOK) in Q2 ended 30 June 2017 compared to 1551 million NOK for the same period a year ago.

On a half yearly basis too, the company showed decreased revenue. For half year 2017, Telenor posted revenues of 2575 million NOK for its Indian operations compared to 3070 million NOK the previous half year.

The operating profit is recorded at 12 million NOK for the second quarter of 2017 compared to a loss of 109 million NOK for the same period a year ago. However, if compared to its Q1 of 2017, the operating profit has decreased from 68 million NOK.

Telenor India had announced to get merged with Bharti Airtel in February this year. The closure, as per both the companies, will be done in a period of 12 months.

On a global term, the company has posted revenues of 31.5 billion NOK in the second quarter ended 30 June, 2017 compared to 31 billion NOK for the same period a year ago, showing a growth of 2%.

Telenor’s CEO Sigve Brekke attributed this performance to the increased revenues in Bangladesh and decreasing losses in Thailand and Sweden.

Seeing this performance during the half year, the company has also modified its guidance for the whole year.

“Based on the performance in the first half of 2017 and our current expectations for the remainder of the year, we revise the financial guidance for 2017. We lift the EBITDA margin guidance to 38–39%, from previously around 37%. We still expect an organic revenue growth in the range of 1% to 2% and capex to sales ratio excluding spectrum licences of 15% to 16%,” Telenor said.

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M&A

Teradata Acquires San Diego-based Cloud Start-up StackIQ

teradata-acquires-stackiq

Data analytics firm Teradata has announced to acquire San Diego based cloud startup StackIQ for undisclosed amount. The deal will leverage StackIQ’s expertise in open source software and large cluster provisioning to simplify and automate the deployment of its solutions.

Offering customers the speed and flexibility to deploy its solutions across hybrid cloud environments, allows them to innovate quickly and build new analytical applications for their business.

In addition to technology assets, the acquisition also includes StackIQ’s team of engineers, who will join Teradata’s R&D organization to help accelerate the company’s ability to automate software deployment in operations, engineering and end-user customer ecosystems.

“Adding StackIQ technology to IntelliFlex, IntelliBase and IntelliCloud will strengthen our capabilities and enable Teradata to redefine how systems are deployed and managed globally,” said said Oliver Ratzesberger, Executive Vice President and Chief Product Officer for Teradata.

“Our incredibly high standards also apply to the people we hire,” continued Ratzesberger. “As Teradata continues to expand its engineering (R&D) skills to drive ongoing technology innovation, we are seeking qualified, talented individuals to join our team. ”

Under terms of the deal, Teradata will now own StackIQ’s unique IP that automates and accelerates software deployment across large clusters of servers (both physical and virtual/in the cloud). This increase in automation will occur across all Teradata Everywhere deployments, dramatically reducing build and delivery times for complex business analytics solutions and adding the capability to manage software-only “appliances” across hybrid cloud infrastructure.

The company said the speed of it’s new integrated solution also allows for rapid re-provisioning of internal test or benchmarking hardware, as well as swift redeployment between technologies to match a customer’s changing workload requirements.

“Joining Teradata, the market leader in analytic data solutions, truly validates the importance of StackIQ’s engineering and the talent we have cultivated over the years,” said Tim McIntire, Co-Founder at StackIQ. “

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AnnouncementsCorporateM&A

AI Startup Halli Labs Becomes First Indian Acquisition For Google

HALLI labs

Four month old startup, Halli labs, which works in the area of Artificial Intelligence (AI) and Machine Learning (MI) has been acquired by Global internet giant Google. It is Google’s first acquisition in India.

Halli Labs, wrote in their blog “Today, we are thrilled to share the news that the Halli Labs team is joining Google. As we wrote in our introductory blog post, Halli Labs was founded with the goal of applying modern AI and ML techniques to old problems and domains — in order to help technology enable people to do whatever it is that they want to do, easier and better. Well, what better place than Google to help us achieve this goal. We will be joining Google’s Next Billion Users team to help get more technology and information into more people’s hands around the world”.
It did not disclose the value of the deal. Halli (village in Kannada) Labs was founded by Pankaj Gupta four months ago soon after he left the now-defunct local Airbnb rival Stayzilla. Gupta has a PhD in Computer Science from Stanford University.

“Welcome @Pankaj and the team at @halli_labs to Google. Looking forward to building some cool stuff together,” said Caesar Sengupta, vice-president, product management, Google.

India has emerged as one of the biggest markets for internet companies such as Google, Facebook and Apple for talent as well as business. The increasing number of start-ups, built by former employees of these and other multinational firms, has helped focus on building products that solve problems of consumers, both in India and abroad.

In the past many startups have been acquired by companies like Facebook, Twitter and Apple. While Facebook bought Little Eye Labs, a startup that tracks and optimises the performance of Android-based mobile apps in January 2014, Twitter acquired another Bengaluru-based startup ZipDial, which built a business through India’s habit of missed calls to connect with others. In 2016, Apple acquired Hyderabad-based AI start-up Tuplejump.

AI and MI are touted as the next big thing in the IT and Telecom space, the next version of Android is going to feature several AI enabled features and similarly action is hotting up in Autonomous car space which uses these two technologies extensively.

 

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BroadbandCorporateInfrastructureNews

Nokia and WorldLink build Nepal’s first 100G optical network

nokia-cloud-ran-vodafone-trial

Nokia and WorldLink have announced that they are upgrading 650-km-long backbone network with Nokia’s 1830 PSS (Photonic Service Switch) DWDM (Dense Wavelength Division Multiplexing) technology this will provide high speed international connectivity between Nepal and other countries including India.

This new network will support bandwidth-hungry entertainment and enterprise services across the country. The intercity network stretches from Kathmandu to Bhairahawa and Birgunj.

WorldLink, is the largest fixed broadband operator in the Himalayan country, has 120,000 residential broadband subscribers and 5,000 enterprise broadband circuits. It is now connecting 10,000 residential Fiber-to-the-Home (FTTH) service subscribers every month.

Nokia claims that its optical network technology will allow WorldLink to flexibly increase its network capacity, reach and density as the technology is powered by the industry’s most programmable chipset, Nokia’s Photonic Service Engine-2 with super coherent technology (PSE-2s).

Samit Jana, CTO, WorldLink, said: “WorldLink has a commitment to Nepal to transform the communications landscape so that our people and enterprises thrive. This is our largest project to date and it will allow us to provide ultra-fast broadband services for our mobile and fixed network subscribers in cities as well as rural areas across the country.”
Sanjay Malik, head of India Market, at Nokia, said: “We are proud to be part of WorldLink’s vision to transform Nepal’s communications architecture by providing the first 100G transport network. Nokia’s highly scalable optical platform will ensure low latency and high resiliency, and allow WorldLink to cost-effectively increase network capacity as needed.”

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