Tulip gets Letter of Intent for NLD and ILD license by DoT
New Delhi, July 4 (UNI) Tulip IT Services Ltd, provider of end-to-end data connectivity, today said it has been awarded the Letter of Intent (LOI) for the NLD&ILD (National Long Distance&International Long Distance) license by the Department of Telecom (DoT).
Tulip has been given the LOI based on the new license requirement laid down by the DoT as per which, all IP/VPN service providers were required to migrate to the NLD license.
These licenses will enable Tulip IT Services Ltd to route voice, data and video traffic nationally and internationally. The ILD license will enable Tulip to predominantly offer international data connectivity solutions to any customers across the world.
In addition, the company will be able to provide high-end services in the burgeoning VPN (Virtual Private Network) bandwidth market.
Speaking on the occasion, Tulip MD Lt Col H S Bedi said, ''Till now we were operating on the Virtual Private Network license but have now been provided the letter of Intent for the NLD/ILD license.
This license opens a host of business opportunities for the company and Tulip is appropriately positioned to leverage these opportunities.'' Tulip IT Services Ltd initiated business operations in software products in 1992.
The company is headquartered in New Delhi and has regional offices in Mumbai, Chennai and Calcutta, and employs over 950 employees providing services to over 300 clients across the country.
In the 2006 fiscal, Tulip IT Services recorded net revenue of Rs 509 crore.
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