K.V. Kurmanath on The Hindu Business Line dated 25 May 2009
Hyderabad, May 24 Megasoft, a provider of convergent service delivery infrastructure solutions to wireless and wireline operators, is looking to provide infrastructure to telecommunication companies to offer a variety of mobile transactions.
“With mobile operators offering several value-added services, we see a huge opportunity to provide infrastructure backbone for the new-age operators to provide a basket of services,” Mr G.V. Kumar, Managing Director and Chief Executive Officer of Megasoft, told Business Line.
“Mobile operators have begun to realise the potential in offering mobile banking services. Mobile advertisement too is catching up,” he said.
He cited the example of TuneTalk in Malaysia, wherein the service provider provides low-cost mobile connectivity to newer segments. “This they would subsidise with other streams of revenues,” he said.
Megasoft’s telecom arm Xius-bcgi is providing technology and managing the infrastructure necessary for the roll-out of the multi-country launch of the service.
“We have decided to focus on the existing clients with an emphasis on cashflow generators. We will continue to talk to new customers but our focus in these times of slowdown is on existing customers,” Mr Kumar said.
The company, which registered a turnover of Rs 365 crore in the calendar year 2008, gave no guidance for the current year, keeping in view the market uncertainty.