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July 30, 1998 |
HCL to build country's largest hybrid satcom networkA Staff Writer in Bombay HCL Comnet Systems and Services Limited has announced that it is setting up the India's largest hybrid satellite communications network for the 15-member Interconnected Stock Exchange.
High throughput and clear channels would be established through DAMA technologies and broadcast ability and redundancy would be provided through of TDMA technologies. The turnkey implementation project involves the integration of advance frame relay routers. HCL Comnet President Vineet Nayar has said in a company statement, "The hybrid communication system project for the ISE is indeed a prestigious one. Our selection by ISE reasserts our highly developed expertise in solution design, implementation and support, utilised towards transforming the manner in which business is transacted. With this project, HCL Comnet will further strengthen its leadership in the finance and banking segment." In the same statement, ISE wholetime Director V Shankar said "We are confident that HCL Comnet, with its vast and rich experience in hybrid systems design and integration and also experience in stock exchanges, will help ISE meet its business objectives." The finance and banking segment is a focus area for HCL Comnet within which it has established and has been supporting communication networks for UTI, the National Stock Exchange the Calcutta Stock Exchange and the Over the Counter Exchange of India among others. Also, the Apparel Export Promotion Council has awarded HCL Comnet the contract for setting up India's first electronic transfer system for trading in export entitlements. HCL Comnet is a part of the $600 million HCL Group, India's premier transnational information technology conglomerate. In its three years of operation HCL Comnet has grown to be the country's number one VSAT solutions provider. |
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