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PCCW, LG triumph at Frost & Sullivan Asia Pacific Technology Awards

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MUMBAI: A few days ago global growth consulting firm Frost And Sullivan hosted the annual Frost & Sullivan Asia Pacific Technology Awards.

Held for the second time this year, the awards seek to recognise performances by companies and individuals in the Information And Communications Technology (ICT) industry across the region for 2004

The award for best Broadband service provider went to PCCW. LG bagged the award for most promising vendor of the year. The award for service provider of the year went to the Singapore base telecom company Singtel.

Frost And Sullivan partner Manoj Menon said, 2004 was a challenging year with competition stiffer than ever, coupled with emerging disruptive technologies. ICT companies across Asia Pacific have had to innovate and reinvent to rise to the challenge and increase their value proposition to stay on top of the game.

The award recipients were selected by an independent panel of judges comprising Asia Pacific's decision makers from the telecommunications vendor and service provider segments, as well as the media. The line-up of judges included representatives from MBT, Huawei Technologies, Asia Netcom, Alcatel, NasionCom, Equant, SingTel, Cisco, StarHub, Juniper Networks and CSG Systems.

65 ICT companies in the Asia Pacific region were shortlisted and benchmarked in determining the deserving recipient for each of the prestigious awards. The benchmarking study was conducted by Frost And Sullivans team of research analysts and consultants.

The key measurement criteria employed in the benchmarking study and judging process were based on actual market performance indicators for financial year 2004. These include revenue growth, market share and growth in market share, leadership in product innovation, breadth of products and solutions, major customer acquisitions, and business and market strategy.

Menon added, The recipients of the Frost & Sullivan Asia Pacific Technology Awards 2005 indeed represent the best in their class. Each of these outstanding recipients has demonstrated significant growth and leadership in their respective market segments. A common factor across all the award recipients is that they have significantly contributed to growing the industry either by bringing in strong new value propositions to the market or by developing new market segments.

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