ECONOMY

Intracom expanding to India

Intracom Telecom is expanding to India, announcing yesterday it had signed a frame contract with Chinese telecoms company ZTE. The two firms reached an $85 million deal to build out the code division multiple access (CDMA) network of Sistema Shyam TeleServices Limited (SSTL) in India, which operates under the MTS India brand name. ZTE is a leading provider of telecommunications equipment and network services. Intracom will be complementing ZTE’s CDMA solution with its series of high- and low-capacity radio relay equipment (Intralink). The two vendors will cooperate so as to implement SSTL’s aggressive pan-Indian roll-out plans, Intracom announced. Alexandros Manos, managing director of Intracom, stated, «We are pleased to partner with ZTE and be trusted by SSTL to supply our market-leading product for its pan-Indian network expansion.» Intracom Telecom is 51 percent-owned by Russian firm JSFC Sistema through its technology subsidiary JSC Sitronics, and 49 percent by Greek listed group Intracom Holdings.