As Indian telecom networks expand, the world’s oldest and largest antenna manufacturer, Kathrein Werke KG , Germany, commits to the regional market by purchasing 51% equity in Indian company.
Omega Telecommunication Suppliers Pvt. Ltd. changes its name to Kathrein India Private Limited.
Mumbai, India and Rosenheim, Germany, August 29, 2003 : Prof. Dr. Anton Kathrein and Mr. Vinit Phatak announced today that Kathrein Werke KG has purchased 51% equity of the company Omega Telecommunciation Suppliers Pvt. Ltd. from Vinit Phatak and family and have changed the name of the company to Kathrein India Private Limited – Omega Telecom Division.
“The co-operation over years with our Indian partner company Omega Telecom has proved to be successful. Now we have invested directly. India offers a high rate of growth and has escaped set-backs of financial crises and SARS” stated Prof. Dr. Anton Kathrein, Managing Director and owner of Kathrein Werke KG.
Kathrein Director Mr. Alois Trepesch added, “We serve here all local wireless network operators and have a large share of the Terrestrial TV Antenna Systems for Doordarshan.”
“We do not exclude a local production, even if there is no immediate need for such enterprise” said Mr. Volker Kuhn, Kathrein’s Area Manager.
“We are very honoured that Prof. Dr. Kathrein and his directors have put their faith in our team at Omega Telecom and are proud to be part of the Kathrein group of companies” stated Mr. Vinit Phatak, who continues to be the Managing Director and majority Indian shareholder of Kathrein India Pvt. Ltd.
The above statistics clearly show that the pharmaceutical sector is clearly divided among large no. of players and none of the players enjoy a clear large market share. This condition is a bit dangerous for Indian companies as they may die in the longer run competing to large pharmaceutical companies like GSK and Pfizer. Also in future consolidation may take place resulting in large consolidated ...
Omega Telecommunication Suppliers Pvt. Ltd. was started by Mr. Vinit Phatak in 1996-97 with a first year turnover of Rs. 5.9 lakhs. Seven years later, it has offices in Mumbai and New Delhi, and a 2002-03 turnover of over Rs. 28 crores.
In base station antennas, which are used to provide cellular network coverage, the company has achieved a market share of over 75% in India with almost all wireless operators (GSM and CDMA) as its customers. Given the serious expansion plans of customers such as Bharti, Hutch, Idea, Reliance, Tata, BSNL and MTNL, the company is poised to continue its rate of growth for the next few years.
In the Broadcast industry too the company is a market leader. In the past three years it has won a majority of the Doordarshan orders for high power VHF and UHF Terrestrial TV and DVB-T Antenna Systems.
With this joint venture in place, Kathrein India Pvt. Ltd. will also introduce to the Indian market Kathrein’s complete range of products for the Cable and Satellite industry which include Set Top Boxes, Satellite Antennas, DTH Antenna Systems and Receivers, Cable Line Amplifiers and a variety of Test Equipment. According to Mr. Vinit Phatak, “Given the current CAS and DTH market scenarios, Kathrein India is ideally positioned to provide high quality German products with complete local support and after-sales service. With a 51% Kathrein equity, local manufacturing via transfer of proprietary technology can become a reality as soon as the market demands it.”