Signs definitive agreement with MyCity Technology Limited to be the strategic telecom partner
Tata Teleservices (Maharashtra) Limited (TTML) announced today that it has signed a definitive agreement with MyCity Technology Limited to be the strategic partner providing end-to-end telecom services at Lavasa, a private hill city. My City Technology Limited is a joint venture company set up by Lavasa Corporation Limited, Cisco and Wipro Limited to provide Information and Communication Technologies (ICT) services in the new development of Lavasa City.
TTML will offer voice, data and value-added services on wireline and wireless platforms (both CDMA and GSM), including pay telephony, utility services and business solutions at the city being developed by Lavasa Corporation Limited. When introduced, 3G services will also be made available to tourists and residents. The Agreement also gives TTML the opportunity to offer telecom solutions to several educational, business, commercial, health and hospitality ventures based at Lavasa City.
Lavasa City will host an estimated permanent population of 300,000 and 2 million visitors annually when fully complete. The city being developed in phases will have 5 towns. Dasve the first town is slated for completion in 2011.
Mr. Rajgopal Nogja, President, Lavasa Corporation Ltd. commenting on the development said, “Technology Leadership is a key driver of city development and management at Lavasa. ICT platform is an integral part of this value proposition. TTML, a complete telecom services operator, shares Lavasa’s vision and will play a pivotal role in providing communication services and solutions.”
"This union is yet another step towards TTML’s vision of being a strategic partner to provide telecom services for large townships. It is our constant endeavour to support organisations and residential customers with innovative and high-quality communication solutions. TTML is committed to enabling Lavasa City with communication solutions through a bouquet of voice, data and value added services,” said Mr. Anil Sardana, Managing Director, Tata Teleservices (Maharashtra) Limited.
About Tata Teleservices (Maharashtra) Limited:
Tata Teleservices (Maharashtra) Limited is India's premier telecommunication service provider licensed to provide telecommunication services in Maharashtra (including Mumbai) and Goa. It focuses on all market segments, i.e. commercial, residential and public telephony. Tata Teleservices (Maharashtra) Limited has over 7.5 million customers in Maharashtra and Goa. These include reputed corporates, SMEs and residential customers. The company was recently rated the No. 1 wireless operator in terms of overall customer satisfaction across Maharashtra (including Mumbai) and Goa, in surveys commissioned by the Telecom Regulatory Authority of India (TRAI). The company is listed on the Bombay Stock Exchange (BSE) (Scrip code-532371) and the National Stock Exchange (NSE) (Scrip symbol – TTML).
About Lavasa Corporation:
Lavasa is a hill city being developed by Lavasa Corporation Limited where people can live, work, learn and play in harmony with nature. An inclusive city, based on the principles of New Urbanism, it is 3 hours' drive from Mumbai and 1 hour from Pune. Lavasa will host a complement of recognised companies in hospitality, tourism, education, healthcare and retail. The hill city provides contemporary yet timeless architectural designs, multiple options for housing like rental housing, apartments and villas. With key infrastructure and amenities it will thus enable people to live life in full. For more information, visit www.lavasa.com.