SPIRIT DSP Welcomes AT&T’s Move to Buy 25% Stakes in Reliance Jio Infocomm

By March 19th, 2013 AT 8:31 PM

SPIRIT DSP welcomes AT&T's move to buy stakes in Reliance Jio InfocommIt seems the latest rumormill saying AT&T’s re-entry into Indian telecom sector via buying stakes in country’s only pan India 4G operator Reliance Jio Infocomm is true, as Jio Infocomm’s VVoIP software provider Russian software giant SPIRIT DSP welcomes the move.

It was reported that AT&T may buy 25% of shares in Mukesh Ambani controlled Reliance Industries’ subsidiary Reliance Jio Infocomm (formerly RIL Infotel Broadband). RJL is the only company in India which holds pan India 20MHz spectrum in 2300MHz band to roll out 4G/LTE-TD services, which can offer upto 100Mbps downlink on the go. RJL inked a deal with SPIRIT DSP to offer voice and video services to consumers using SPIRIT DSP’s VVoIP engine.

Andrew Sviridenko, chairman in SPIRIT DSP, the world’s #1 voice and video over IP engines provider said in a press release, “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,”

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