Bobby Srinivasan founded Roamware, a provider of mobile roaming software and solutions, has unveiled its Voicemail Call Completion (VMCC) product that can help the European operators to save a potential annual bill of $2.1 billion for compliance with new European Union (EU) regulations on roaming voicemail.
The EU regulations, which will be introduced next year, are meant for ensuring that consumers are not being charged additional fees for receiving voice mail messages while roaming.
Though the new regulations will cut costs for consumers, other than any more changes made, Roamware estimates states that European operators will collectively incur an annual cost of between $1.8 billion and $2.1 billion for re-bounding international voicemail calls known in the telecoms industry as "tromboning".
"If you make a call to customer who is roaming but who cannot be reached because the signal is bad or they are already using the phone, two international calls are effectively made - one to try to reach the phone, and a rebound leg back to the home network voice mail box to leave the message. This is what is known as tromboning," explains John Jiang, CTO, Roamware.
Using the Voice Mail Call Completion (VMCC) service in the home network, the software recognizes the unavailable roaming mobile and deposits the call, complete with all the relevant information, straight to the home network mail box.
"We cut out the "trombone call" and ensure that roaming messages get left in exactly the same way as normal, helping operators meet their EU commitment and saving costs for both them and the consumers," said Jiang.
The company provides roaming software and services to more than 90 networks in the EU region. "We are seeing significant traction and interest from our existing customers and other operators both inside and outside the European region as operators realize the implication of the new EU regulations and the opportunities that exist to cut costs and improve service," said Abraham Punnoose, Vice President, Marketing and Business Development, Roamware.
SiliconIndia
Showing posts with label EU. Show all posts
Showing posts with label EU. Show all posts
Monday, July 20, 2009
Sunday, November 23, 2008
Textile cos to axe five lakh employees
Even as the Indian government is getting ready to undertake a nationwide survey of over 800 companies to find out the exact job losses in India due to the global financial crisis, the first report of pink slips is out.
According to estimates of the textile ministry, there will be job losses of about five lakh in the next five months. This was disclosed by commerce secretary GK Pillai on the sidelines of a government-industry interaction organised by Ficci.
In a presentation made before the commerce secretary, Shishir Jaipuria, deputy chairman, Confederation of Indian Textiles Industry, said the growth of the textile sector fell from 5.2% in April-September 2007 to a minuscule 0.3% in the same period this fiscal.
He said the textiles and clothing industry employs 35 million workers directly, adding that already 7 lakh jobs are estimated to have been lost and another 5 lakh would lose jobs by March 2009.
Financial results of 50 major textile companies listed in the Bombay Stock Exchange shows that though turnover increased, profits became negative in the second quarter this year. In the remaining last two quarters, even turnover will decline, he warned. Smaller units are already suffering significant production loss, Jaipuria added.
For instance, the profitability of renowned companies like Bombay Dyeing fell from (-)370% in the first quarter over the same quarter last year, to (-)828% in the second quarter as against last year’s Q2.
Over 50% of textile products manufactured in the country is being exported. US, EU and Japan constitute over 60% of our textiles exports. All the three countries are in a recession mode.
US’s import of textile products from India during January-August 2008 declined by 1.56% in value terms, compared to the same period of 2007. For garments, the decline was higher at 4.8%. The imports demand of Indian textiles in EU and Japan is declining on similar trend, though data is not available yet.
To read on...click on the link below:
http://www.financialexpress.com/news/Textile-cos-to-axe-five-lakh-employees-in-next-five-months/389024/
According to estimates of the textile ministry, there will be job losses of about five lakh in the next five months. This was disclosed by commerce secretary GK Pillai on the sidelines of a government-industry interaction organised by Ficci.
In a presentation made before the commerce secretary, Shishir Jaipuria, deputy chairman, Confederation of Indian Textiles Industry, said the growth of the textile sector fell from 5.2% in April-September 2007 to a minuscule 0.3% in the same period this fiscal.
He said the textiles and clothing industry employs 35 million workers directly, adding that already 7 lakh jobs are estimated to have been lost and another 5 lakh would lose jobs by March 2009.
Financial results of 50 major textile companies listed in the Bombay Stock Exchange shows that though turnover increased, profits became negative in the second quarter this year. In the remaining last two quarters, even turnover will decline, he warned. Smaller units are already suffering significant production loss, Jaipuria added.
For instance, the profitability of renowned companies like Bombay Dyeing fell from (-)370% in the first quarter over the same quarter last year, to (-)828% in the second quarter as against last year’s Q2.
Over 50% of textile products manufactured in the country is being exported. US, EU and Japan constitute over 60% of our textiles exports. All the three countries are in a recession mode.
US’s import of textile products from India during January-August 2008 declined by 1.56% in value terms, compared to the same period of 2007. For garments, the decline was higher at 4.8%. The imports demand of Indian textiles in EU and Japan is declining on similar trend, though data is not available yet.
To read on...click on the link below:
http://www.financialexpress.com/news/Textile-cos-to-axe-five-lakh-employees-in-next-five-months/389024/
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