Thu, Mar 30, 2017 | updated 10:25 AM IST

5BARz signs deal with ISP to deploy five million wi-fi routers

Updated: Sep 01, 2016 16:49 IST

New Delhi [India], Sep 1 (ANI-BusinessWireIndia): 5BARz India Private Limited, a leading technology start-up providing fastest network connectivity for cellular and broadband networks today announced the signing of a landmark strategic deal with a top Internet Service Provider (ISP) to connect five million Indian homes to the Internet.)

The company, a wholly owned subsidiary of San Diego-5BARz International also disclosed that it has entered the wireless router business through its advanced Fuji Wi-Fi broadband router.

The agreement stipulates a commitment by the top ISP to deploy a minimum of five million 5BARz Wi-Fi routers over a period of five years. 5BARz India secured this order for its advanced Wi-Fi experience suite, which is delivered through its next generation router, 5BARz Fuji as well as its 5BARz Smart Experience connectivity software.

The company did not disclose the specific terms of the agreement honoring confidentiality.

Daniel Bland, Founder and Global CEO of 5BARz International, Inc., commented on today's news, "The deployment agreement with this ISP marks an exciting milestone for 5BARz as we have now entered the Wi-Fi router space.

Our best in class Fuji router serves the substantial need for better broadband in India, a market with significant growth potential. With the launch of our Wi-Fi router business, we now have a portfolio of technology solutions consisting of our cellular network extender and the broadband Fuji router, and now offer a diversified suite of best in class products enhancing wireless connectivity throughout the home. Through our Wi-Fi router business, we have created parallel sales strategies and revenue generating opportunities, enhancing value for both current and future investors.

Vasan Paulraj, Managing Director and Business Head - Financial Sponsors Group at Axis Capital, which serves as 5BARZ India's Investment Banker, commented on today's news, "This is one of the most significant deals in the Indian telecom industry in the last several years and the way that 5BARz India's last mile connectivity is monetized is extremely innovative. The creativity of 5BARz management in structuring this deal exemplifies the qualities we look for in the executive teams of those technology companies with which we partner, and was the key to successfully closing this transaction. We are in the process of raising the capital required for this rollout and fully support 5BARz India in this endeavor."

Samartha Nagabhushanam, CEO of 5BARz India Private Limited, commented, "Our 5BARz Wi-Fi Smart Experience will be available for the Indian market during this quarter, and we plan to launch the suite in multiple cities within the country over the coming months. We strive to take the connectivity experience to a new level, offering products and services that behave like an in-home assistant."

Gil Amelio, Chairman of the Board of 5BARz International, Inc, commented, "This took a tremendous amount of effort to get this deal done and I would like to congratulate the entire team. This deal is a testament to our flexibility in responding to and recognizing market trends and market opportunities. Furthermore, we are extremely excited about the potential of this model in other markets around the world and look forward to continued growth in the future." (ANI-BusinessWireIndia)

New Delhi [India], Mar. 30 (ANI): Metropolitan Stock Exchange of India Limited (MSEI), the third national level stock exchange is all set to conduct a mock trading session in equity, equity derivatives and currency derivatives segments on April 1, 2017.

Full Story >>

New Delhi [India], Mar 29 (ANI): Cloudatix Biz India Ventures Pvt. Ltd, a young research startup emerging as a Smart City Solutions provider and Mediaguru, a global media services company that specializes in the entire life cycle of digital asset management services, digitization and monetization, recently launched 'Startup Accelerator Program and Internet College'.

Full Story >>

Dong Nai [Vietnam]/Tokyo[Japan], Mar.29 (ANI): Vietnam is experiencing a rapid economic growth as customers' purchasing abilities have increased that leads to opening up of supermarkets.

Full Story >>

Rajya Sabha passes Finance Bill

Updated: Mar 29, 2017 17:58 IST

New Delhi [India], Mar 29 (ANI): The Rajya Sabha on Wednesday passed the Finance Bill after various amendments presented by Union Finance Minister Arun Jaitley.

Full Story >>

New Delhi [India], Mar 29 (ANI): G-20 Framework Working Group (FWG) in its third meeting at Varanasi held discussions over the state of the global economy as well asG-20 agenda on inclusive growth and reports on strong, sustainable and balanced growth and G-20 enhanced structural reform agenda among others.

Full Story >>

New Delhi [India], Mar 29 (ANI): A consortium of Siemens and Sumitomo Electric Industries Ltd. has been awarded an order from Power Grid Corporation of India, the central transmission utility of India, to supply a high-voltage direct current (HVDC) transmission system.

Full Story >>

New Delhi [India], Mar 29 (ANI): TiE Delhi-NCR, the world's largest network of successful entrepreneurs and professionals presents the sixth edition of India Internet Day to facilitate all conversations around India's aspirations as a future world leader and sustained, well-distributed growth of our vibrant economy.

Full Story >>

New Delhi [India], Mar 29 (ANI): India's first mobile app based B2B E-commerce player WYDR has announced hiring of Alok Varman as their new Vice President, Operations.

Full Story >>

New Delhi [India], Mar 29 (ANI): India's healthcare apex body NATHEALTH on Wednesday announced its new leadership team for the year 2017-18.

Full Story >>

New Delhi [India], Mar 29 (ANI): Leading open digital payments company PayPal has announced its partnership with Vistarooms.com to enable foreign travelers travelling to India book hotels in a safe and seamless manner and on a platform they are familiar with.

Full Story >>

New Delhi [India], Mar 29 (ANI): APUS Group, China's fastest growing unicorn with over 510 million global users has acquired Venture Catalysts-backed Siftr Labs for an undisclosed amount.

Full Story >>

New Delhi [India], Mar 29 (ANI): The 33rd Edition of India Carpet Expo, Organized by Carpet Export Promotion Council at Pragati Maidan, New Delhi, has received overwhelming response from around 350 buyers from across the world in the second day of the Expo. India Carpet Expo "Showcasing new Fall-winter collection, as per the buyers' requirements in terms of size, design, color and quality which is grabbing the interest of the buyers.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Lakshya Digital, India's leading game art development company is hosting the 'Keywords Game Art Summit' from March 28 to 31 March at Gurugram, to discuss India's growing prominence as a game art development hub for top publishers across the world.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Citizen engagement platform LocalCircles conducted a poll regarding the impact of the Maternity Bill on employment figures among women in SMEs and Startups. The poll registered more than 4300 startups, SMEs and entrepreneurs as participants.

Full Story >>

New Delhi [India], Mar. 29 (ANI): FutureDial, a provider of device processing solutions partnered with Rocking Deals in order to examine and certify the quality of refurbished products that are being sold in the Indian market.

Full Story >>

New Delhi [India], Mar 29 (ANI-NewsVoir): Home Credit, one of the fastest growing NBFCs in India that has completed five years of operations in the country has emerged as the market leader in small ticket size loans.

Full Story >>

New Delhi [India], Mar. 29 (ANI): India's 'star serial entrepreneur' Sandeep Aggarwal announced plans of investing Rs. 20 Crore in up to 12 start-ups by the end of this year, in the areas of healthcare, tech and retail.

Full Story >>

New Delhi [India], Mar 29 (ANI): Union Finance Minister Arun Jaitley on Wednesday called the Goods and Services Tax (GST) Bill revolutionary, saying it will benefit all with the free movement of goods across the country.

Full Story >>

New Delhi [India], Mar 29 (ANI-NewsVoir): GoDaddy, the world's largest cloud platform dedicated to small, independent ventures, today announced the launch of GoDaddy's new Website Builder combining a mobile optimized website builder with an integrated set of marketing and e-commerce tools, making it easy for small businesses in India to attract visitors and drive results.

Full Story >>

Astana Expo-2017 road show held in Delhi

Updated: Mar 29, 2017 11:39 IST

New Delhi [India], Mar.29 (ANI): With less than three months to go for Expo-2017, an international exposition scheduled to take place between June 10 and September 10, 2017 in Astana, Kazakhstan, the Embassy of Kazakhstan in India and two leading tour operators of India and Kazakhstan --Sayat Travel (Kazakhstan) and Salvia Travels Pvt. Ltd. (India) - organised a road show on the theme "Travel the Great Silk Road and visit Astana Expo-2017" here.

Full Story >>