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Exatt to invest $25 m in becoming an `FSP'
Kavitha Rajasekhar
The buzzwords for the convergence age -- broadband and more broadband. Bangalore-based broadband and bandwidth player Exatt Communications Pvt Ltd is all set to go onstream with its full-fledged data centers in seven key Indian cities and one in the US. Exatt, promoted by four professionals from AT&T, has raised funds from US-based investors. The company has also drawn up plans to invest $25 million in the first phase of operations and another $25 million in the medium term. This is in line with the company's strategy to be a FSP (full service provider) in the broadband, bandwidth, ASP/ISP and managed services segment in the country. To this end, Exatt has leased a high-speed fibre-optic backbone (submarine cable) from AT&T, linking San Jose to Mumbai. Plans are being worked out to both engineer and lease domestic optic fibre networks to provide connectivity across the country.In the first phase of operations, Exatt is setting up its data centres in the US, Mumbai, Bangalore and Chennai by end-November while Delhi, Pune and Hyderabad will followlater. A data centre at Ahmedabad is expected to be set up early next year. Speaking to The Financial Express, the company's executive vice-president, Mahadeva Mani said that the key strategy was to address the bandwidth requirements of the market by providing a whole suite of good quality services. "Our core competencies lie in providing bandwidth and managing networks, We would like to leverage the growing Indian market place for our services," Mr Mani said. The company is currently targeting the corporate, enterprise, IT and the ISP segment to provide its services. Along with bandwidth and Internet access services, Exatt has also developed a suite of applications and collaboration tools that will be offered to its customers. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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