Erstwhile Broadband Internet Service Provider Sify Technologies, appears to be expanding its scope. The company is said to have successfully acquired the new Unified License and using the same, Sify will experiment with other net based services, revealed Kamal Nath, CEO, Sify Technologies Ltd,
“We are evaluating Unified Licence. It seems to be a natural progression for us. Under the Sify 3.0 plan, the company wants to offer different services including data centre solutions, cloud-based applications, system integration and telecom infrastructure.”
Interestingly, Sify was already a strong player within the video conferencing and video telephony business. It had partnered with back-end service provider Vidyo to jointly launch enterprise oriented video conferencing solutions. Additionally, the company had initiated a Cloud based storage initiative way back in 2011, when other players were still in their beta testing phase.
Such endeavors interestingly offered immense hands-on experience for the company, but they also ensured them sustained revenue sources. Exhibiting peculiar buoyancy, Sify registered a profit of Rs. 16.3 Crores (US$ 2.5 Million) for the 2nd Quarter of 2013, after suffering a loss making previous quarter. Such activities seem to have further marked a turnaround for the company, whose revenues grew to Rs. 262 Crores (US$ 40 Million) for the 2nd Quarter alone. This is a double digit (13%) jump and clearly shows that the decision by the company to bifurcate into ancillary lines of internet based services, was a wise one.
The Indian Telecom segment is about to get a whole lot more interesting and intense. Gone are the days when each service like VoIP, GSM Telephony, Data Standards, etc. required individual licenses to operate legally. Under the Unified License regime, companies will be allowed to rollout as many services as they can and want. Hence, it makes perfect sense for any company with sufficient funds to make this one-time expenditure. However, only time and customers will decide whether the investment, was a wise one.