Airtel Signs with VeriSign® to Bring Next-Gen Internet Infrastructure and Identity Services to India

Company Brief

Mumbai, January 03, 2008

Bharti Airtel, India’s leading telecommunications service provider, today announced that it has signed a Memorandum of Understanding (MoU) with VeriSign, Inc. (NASDAQ: VRSN), the leading provider of Internet infrastructure for the networked world. The companies agreed to form a strategic market partnership to jointly launch best-in-class security services, to deliver VeriSign’s identity protection, managed security and fraud detection services, and to support the development of the next-generation Internet infrastructure in the Indian market.

Under this arrangement, Bharti Airtel will become VeriSign’s Strategic Market Partner and will deploy VeriSign’s world class services in India, leveraging Bharti Airtel’s strong in-country support and expertise. These services aim to revolutionise the way enterprises, small and medium-sized businesses, and consumers harness the power of the Internet and develop new applications that leverage the convergence of mobile and internet platforms.

Additionally, as a part of the partnership, Bharti Airtel will utilise a number of VeriSign’s capabilities, including VeriSign Identity Protection (VIP) services to significantly improve the internal capabilities of its own infrastructure and to better serve its growing customer base.

Dr. Jai Menon, Director – IT & Innovation and Group Chief Information Officer of Airtel, said, “The partnership with VeriSign demonstrates our intent to create a globally-admired telecommunications company. Our combined strength will provide the Indian market with the latest Internet and IP infrastructure services, strongly supported by our local resources. We look forward to seeing the benefits of these services internally and for our customers.”

“VeriSign expects significant growth in the Indian market over the next several years. Our strategy was to find a partner that shared our vision for next generation network services and had the capability to execute, and Bharti Airtel was our clear choice,” says Chris Parsons, Senior Vice President of Corporate Strategy at VeriSign. “Bharti’s commitment to enabling India to become a global leader in technology is clearly demonstrated by their actions.”

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