Kavveri Telecom acquires DCI Digital Communications

Kavveri Telecom Products Ltd has announced that the Company has now acquired DCI Digital Communications, a Canadian Company that specializes in Radio Frequency Interference (RFI) products which reduce interference problems in the 30 MHz to 6 GHz range. The products designed and manufactured are VHF and UHF Bandpass Filters, Low Pass Filters, Wi-Fi Filters, Multiple-Window Filters, Combiners, Broadband Duplexers, Tower-Top Amplifiers and CDMA repeaters.

The Company acquired DCI Communications for CAD 2 million and DCI Communications is now a fully owned subsidiary of the Company. The Company will be headed by Ms. Uma Reddy as President in Canada. "Acquisition of DCI will give Kavveri a full product portfolio of Antennas and RF products to cater to the wider customer base of both Til-Tek and DCI, thereby providing greater penetration of the North American markets. This will also add a significant number of products in GSM / CDMA and WiMAX markets to Kavveri's portfolio" said Mr. Venkateswarlu, Company Secretary of the Company.

"The product line of DCI will be manufactured here for the Indian market as well as for the developed markets of North America where we already have a very good customer base. We have strengthened the marketing network both in North America and India to aggressively target emerging market" said Col T S Gururaj (Retd), General Manager (Business Development - Telecom) of the Company.

The stock was trading at Rs.55.55, down by Rs.0.60 or 1.07%. The stock hit an intraday high of Rs.56.50 and low of Rs.55.35. The total traded quantity was 15269 compared to 2 week average of 41382.

Source : Equity Bulls

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