Vox Spectrum, an international technology and telecom group of companies, has announced a multi million dollar private placement by Delta Partners MENA Telecom Fund. The Private Equity Fund is managed by Delta Partners, a leading management advisory and investment firm specialized in Telecom, Media and Technology (TMT) in high growth markets.
Kristoff Puelinckx, Managing Partner at Delta Partners commented on the deal ?We believe that the Vox Spectrum group of companies is a unique platform in the India and Middle East. We are convinced that Delta Partners can add value to the operation through our integrated advisory and investment business model, providing specialized hands-on support from our industry-focused and experienced professionals?. ?Through its strategic interests in the engineering, software and electronics industries across emerging markets, coupled with its excellent reputation and strong client relationships, we believe Vox Spectrum Limited is uniquely positioned to capture the exponential growth that the Indian and Middle East telecom markets experience?.
Mr Vinod Krishnan, CEO & Managing Director of the Vox Spectrum group of companies added ?Vox Spectrum and its group companies offer project management services, software solutions and products. We design and commission wireless radio solutions, build mobile telephony infrastructure, implement electronic engineering services, provide voice capturing solutions and distribute telephony headset solutions. Over the years we have built a client base that has been appreciative of our quality delivery and support. We feel assured that Delta Partners advisory skills and experience in the telecom sphere would enhance our capabilities to continue delivering consistent returns to all our stakeholders?.
Vox Spectrum?s Indian operations also own Mack Telecoms and True Blue Voice India. Macktel has been offering project management services in the telecom infrastructure sector since 1995. Over the years Macktel has installed thousands of Base Stations and related equipment for various Mobile Service Providers throughout India. Recently, it has entered into agreements with Huawei to provide Turnkey Services for their pan-India BSNL and Aircel expansion rollout. True Blue Voice represents the Plantronics range of Headset solutions, targeted at the BPO and Enterprise sectors, in India. Vox Spectrum?s proprietary voice loggers are currently installed through various State Police Departments, the Defence, Ports, Banks, BPOs and the Utilities Sectors with the Indian Space Research Organisation (ISRO) utilizing these loggers on their Chandrayaan Mission.
As the Indian wireless subscriber base crossed the 400 million mark in May 2009 and is scheduled to reach 600 million in FY 2011, Macktel is poised to lead the Vox Spectrum growth path. The current mobile subscriber base is supported by approximately 1.5 lac towers which carry the high frequency antennas that are needed to propagate the radio transmission and it is estimated that approximately 1.5 lac towers are required to cater to the extended coverage and capacity to meet the demands of the additional 200 million by 2010-11, providing an immense opportunity for Macktel.