With the wireless broadband market gaining ground in South Asia, some of the major wireless equipment suppliers have started bagging significant contracts in the region. VCom has announced getting into a $10 million deal with a firm in India which will be buying wireless broadband equipments from it. After the commencement of the deal, Indian firm MRO-TEK will be offering VCom’s 3.3 – 3.4 GHz WiMAX-ready products in the domestic market.
VCom on its part is looking at the deal as a major entry vehicle in the region. The companies press release states, “This supply agreement represents one of the largest commitments to WiMAX technology in the South Asia region to date and recognizes VCom’s design leadership for WiMAX, the surging demand for broadband in India and India’s rapidly advancing economic growth.”
VCom which has expertise in manufacturing of products that enables broadband access to cable, wireless and telephone networks, is hopeful that the deal with MRO-TEK will gradually open the doors for its other products in the region soon. Meanwhile, stock markets reacted favorably to this deal and on the Toronto Stock Exchange; VCom shares gained 10 cents to trade at $8.90 after the official announcement of deal on Wednesday.