ITXC identifies India as major growth market

NEW DELHI: US based telecom carrier company ITXC Corp, has identified India as a significant growth opportunity going forward. ITXC has many of India's long distance providers already interconnected to its global voice network and estimates it is currently carrying 6 percent of phone calls into India from destinations around the world. It also announced that it has been ranked number one on the 2002 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America.

Tom Evslin, Chairman and CEO of ITXC, said, "We are particularly pleased with the growth we've seen since we began providing service to carriers in India, which is a key growth market for ITXC. We applaud the steps taken by the Indian government to create a competitive telecommunications market in the country. With a population of one billion, India represents a huge market for ITXC. ITXC can offer carriers an unmatchable combination of quality through proprietary technology and a significant cost benefit. As phone calls become more affordable, teledensity would increase significantly from its current rate of 4%. "

Previously, the company announced that it sent more than one million minutes of traffic over the company's global network into India on Sunday, September 22. ITXC announced the beginning of service under India's recent deregulation in July and carriers have adopted the service quickly since then.