London, UK, Stamford, Conn., U.S., and Bangalore, India - June 3, 2014:
Frontier Communications Corporation (NASDAQ:FTR), a leading telecommunications company in the U.S., and Wipro Ltd. (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company, have jointly won the Global Telecoms Business (GTB) Innovation Award 2014 in the ‘Business Service Innovation' category for the Wired Prepaid Broadband Partnership Project. Global Telecoms Business is a leading UK-based publication covering the telecom industry.
A large unserved or underserved market of potential customers in the United States has not yet adopted available broadband for financial reasons. The U.S. Federal Communications Commission has been driving initiatives such as Connect2Compete to encourage U.S. broadband adoption. Wipro and Frontier believe that educating seasonal users, students, travelers, lower income and potentially credit-challenged customers about the convenience and flexibility of pre-paid broadband service would improve broadband adoption. The benefits flow both ways: A prepaid broadband product that enables customers to choose broadband plans without concern about income levels or credit checks can help carriers tap an unserved market without adversely impacting their own financial standing.
Wipro’s managed services solution Accelerate™ sidesteps billing systems and helps rapidly deploy a pre-configured cloud-hosted service to address this market. Accelerate™ allows carriers to support and quickly enable targeted and highly flexible products such as prepaid services, data caps, bandwidth management and specialized content offers. Accelerate™ helped Frontier Communications dramatically reduce development and time-to-market cycles, giving it a ‘first-mover’ advantage. Frontier is testing various offerings across the state of Ohio and looks to rapidly expand this offer to the rest of its 27-state market.
"Throughout the world the industry is creating incredible innovation that it is making a real difference to business, to our economy and to the way we live," said GTB editor Alan Burkitt-Gray, presenting the awards.
"We are excited to receive this recognition from Global Telecoms Business. Prepaid broadband is expected to bring a new segment of customers and encourage retention by offering greater payment flexibility and convenience for the under-banked customer or for part-time and seasonal use. Through Accelerate™, Frontier can tap into a significant opportunity in the United States to connect future customers to the broadband services they need," said Ann L. Burr, President New Product Trials and Integration, Frontier Communications. See full video at http://www.wipro.com/wipro-tv/Frontier-Communications-and-Wipros-partnership-wins-GTB-innovation-award-2014.aspx
"Frontier Communications has been an excellent partner as we focus on prepaid broadband. With a fast time-to-market and ability to quickly trial new offers, we hope to support Frontier’s drive to offer new customer segments an essential service. This accolade from GTB is a great compliment to our partnership," said Steve Snyder, Global Head of Business Innovations, Wipro Ltd. “Wipro’s creative solution has provided flexibility, affordability and bundling of products, while helping unserved customers connect to the Internet. We truly believe this will be a winning market proposition.”
About Frontier Communications
Frontier Communications Corporation (NASDAQ: FTR) offers broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses and home offices and advanced communications for medium and large businesses in 27 states. Frontier's approximately 13,700 employees are based entirely in the United States. More information is available at www.frontier.com
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 61 countries. For more information, please visit www.wipro.com.
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Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.