AT&T Inc. is reportedly searching new technologies from India. If reports are to be believed, AT&T has shortlisted four startup companies in India for technology partnerships and considering to invest in some of these tech companies in the future.
Sources familiar with the matter informed our team that these startups have been short-listed after a "speed-dating" session that A&T held last month with more than a dozen entrepreneurs in India.
It is reportedly said that the India interview process is part of a global AT&T program to scout new technologies.
It is expected that the company is likely to invest up to $1 million in any new startup, initially. If the technology proves corresponding to AT&T's existing systems, only then the company will add it to AT&T's customer offerings.
Stats revealed, AT&T had met with about 40 startup firms in India, last year. However, the company ended up partnering with just one company and brought out a Cloud-enabled software offering for developers.
Any spokesperson from AT&T has denied revealing information about the startups.
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