Mavenir Systems Inc CEO Pardeep Kohli says the company’s revenue is on the rise as customers migrate to voice over LTE networks. In the first quarter, revenue increased 28%, which Kohli says is a result of some customers switching from voice over Wi-Fi to voice over LTE networks.
“These customers have been working with us over the last few years to get ready for these launches, and as they come closer to the launch, they have to build capacity and provide enough coverage so that they can serve the customers in multiple cities,” Kohli says.
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The migration to voice over LTE networks is still in the early stages, Kohli says. The U.S., Japan and Korea are the only countries in where announcements have been made that customers have launched the new networks.
“There are a lot of other customers who are in the process of building these networks,” Kohli says. “They will be launching toward the end of this year and early next year.”
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