BANGALORE, INDIA: MindTree Ltd announced that it has signed an agreement with Kyocera Wireless Corp. (KWC) to acquire Kyocera Wireless (India) Pvt. Ltd., its Indian subsidiary. The acquisition is subject to legal and statutory requirements, as well as certain closing conditions.
Established in 2003, Kyocera Wireless (India) Pvt. Ltd. is engaged in wireless product development, software engineering, and product testing for KWC’s global product portfolio, as well as development of custom wireless handsets for Indian service providers.
Kyocera Wireless (India), with a people strength of approximately 600, has its development center in Bangalore. It will continue to provide engineering services to San Diego-based KWC and other Kyocera entities on a contract basis after the sale.
Under the agreement, MindTree will make an upfront payment of approximately $6 Million, and further payments linked to revenues in financial years 2010-11 and 2011-12.
MindTree expects this acquisition to contribute approximately $9 Million in revenues for the period October 2009 to March 2010, with Profit After Tax expected to be in the range of 13-15%.
“MindTree has established a global leadership position in technologies such as short-range wireless and multimedia codecs that are integral to wireless communication devices. With the acquisition of Kyocera Wireless (India) Pvt. Ltd. we will be able to further strengthen our leadership position by offering end-to-end design and technology services to wireless Original Equipment Manufacturers and service providers,” said S. Janakiraman, MindTree President and Group-CEO, Product Engineering Services.
“Kyocera is a global technology leader and this acquisition makes them a major strategic client for MindTree. We are excited about this relationship and look forward to building a long-term association by offering value-based services.”
“We are pleased to enter into this agreement with MindTree,” said Yasuyuki Yamamoto, General Manager of Kyocera Corporation’s Corporate Communication Equipment Group.
“This allows Kyocera to improve its cost structure and competitiveness while providing MindTree a strong engineering resource, especially in the field of software for mobile devices.”
“The acquisition of Kyocera Wireless (India) is a significant milestone for MindTree. As part of our Product Engineering Services (PES) business, MindTree offers design and technology services that range from chip to cloud. Wireless technologies form a critical element in this space. The acquisition, and our relationship with Kyocera, will fuel MindTree’s growth in the global PES market,” said MindTree CEO & Managing Director Krishnakumar Natarajan.
Showing posts with label Kyocera. Show all posts
Showing posts with label Kyocera. Show all posts
Monday, October 5, 2009
Tuesday, May 26, 2009
Kyocera intros iBurst 3.9G mobile broadband wireless technology
KYOTO, JAPAN: Kyocera Corp. has introduced its iBurst system as a leading solution to comply with a variety of market demands for Mobile Broadband Wireless Access (MBWA) in Latin American markets.
The iBurst system is standardized at ANSI and Recommendation ITU-R M.1801 as HC-SDMA, and forward-compatible with IEEE802.20 625k-MC.
Kyocera’s iBurst is a TDD/TDMA system with Adaptive-Array smart antenna technology that operates within a 5MHz bandwidth in the ranges of 1785-1805MHz, 1900-1920MHz and 2010-2025MHz. The Base Station delivers up to 24Mbps downlink and 8Mbps uplink, and the typical coverage is 3 to 5 km in radius. It supports non-line-of-sight mobile communications of data as well as voice even at traveling speeds of 100km/h.
By taking full advantage of iBurst’s cost effectiveness, and its functionality as the highest spectrally efficient option among MBWA systems, it has been commercially deployed since 2004 and there are currently 13 commercial networks in 12 countries. More than 10 operators are also in the process of launching iBurst service networks within the year 2009.
iBurst operators in serviced countries greatly appreciate the flexibility of iBurst applications to provide data and voice services in rural areas as well as high density metropolitan areas. Furthermore, iBurst subscribers are fully able to enjoy high speed internet with downlink speeds of up to 2Mbps, high quality VoIP and VPN services in fixed, portable and mobile environments with great satisfaction.
iBurst operators worldwide have formed the iBurst Association (iBA), a not-for-profit organization advocating the promotion and development of iBurst technology as a preferred MBWA solution.
The iBurst system is standardized at ANSI and Recommendation ITU-R M.1801 as HC-SDMA, and forward-compatible with IEEE802.20 625k-MC.
Kyocera’s iBurst is a TDD/TDMA system with Adaptive-Array smart antenna technology that operates within a 5MHz bandwidth in the ranges of 1785-1805MHz, 1900-1920MHz and 2010-2025MHz. The Base Station delivers up to 24Mbps downlink and 8Mbps uplink, and the typical coverage is 3 to 5 km in radius. It supports non-line-of-sight mobile communications of data as well as voice even at traveling speeds of 100km/h.By taking full advantage of iBurst’s cost effectiveness, and its functionality as the highest spectrally efficient option among MBWA systems, it has been commercially deployed since 2004 and there are currently 13 commercial networks in 12 countries. More than 10 operators are also in the process of launching iBurst service networks within the year 2009.
iBurst operators in serviced countries greatly appreciate the flexibility of iBurst applications to provide data and voice services in rural areas as well as high density metropolitan areas. Furthermore, iBurst subscribers are fully able to enjoy high speed internet with downlink speeds of up to 2Mbps, high quality VoIP and VPN services in fixed, portable and mobile environments with great satisfaction.
iBurst operators worldwide have formed the iBurst Association (iBA), a not-for-profit organization advocating the promotion and development of iBurst technology as a preferred MBWA solution.
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