Latest news with #digitalinfrastructure
Zawya
5 hours ago
- Business
- Zawya
IFC raises $17mln in Rwanda's second ‘Umuganda' bond
The International Finance Corporation (IFC) has raised Rwf24 billion ($17 million) through an Umuganda Bond to support the development of Rwanda's capital markets, the second such instrument in more than a decade. The eight-year amortising bond is expected to help attract more international borrowers to issue bonds in the country. The money raised through the bond, IFC's first onshore Rwanda franc-denominated bond in 11 years, will go towards a digital infrastructure project in the country to help mitigate risks associated with currency fluctuations that occur when borrowing in US dollars or another international currency.'We are excited to return to Rwanda's domestic capital markets with this bond that will support critical infrastructure and deepen domestic capital markets in the country,' said IFC's director for Eastern Africa Mary Porter Peschka in a statement on July 21.'The bond offers investors exposure to IFC's triple-A rating, while also enabling IFC to provide local currency financing to an important project that will enhance digital connectivity.'IFC issued its inaugural Rwandan franc-denominated onshore bond in 2014, when the term 'Umuganda' for domestic Rwanda franc issuances by non-resident entities was coined, marking the first placement by a non-resident issuer in Rwanda's domestic capital markets. The latest bond, listed on the Rwanda Stock Exchange, attracted diverse investors, including pension funds, insurance companies, banks and asset managers. It was 1.75 times oversubscribed and carries a coupon of 10.5 percent, about. 0.55 percent below the interpolated government yield. BK Capital and Rand Merchant Bank are the co-lead managers.'IFC's second Umuganda bond will support our work to deepen domestic capital markets in Rwanda,' said Yusuf Murangwa, Rwanda's Minister of Finance and Economic Planning IFC has been supporting capital market reforms through programmes such as the Rwanda Capital Market Development project, a joint IFC-World Bank engagement that provides advice on increasing secondary market liquidity in the government bond market, increasing the supply and issuance of non-government bonds, and developing a more diversified, professional investor base. This is aimed at increasing access to long-term local currency finance for key sectors in Rwanda. © Copyright 2022 Nation Media Group. All Rights Reserved. Provided by SyndiGate Media Inc. (
Globe and Mail
18 hours ago
- Business
- Globe and Mail
Network-Switch.com Launches New Platform to Simplify Global IT Hardware Procurement
Hong Kong - July 22, 2025 - Lanao Communication Technology Limited, a Hong Kong-based ICT supplier with over two decades of industry experience, has officially launched its new online platform, The platform is designed to streamline enterprise IT hardware procurement and support digital infrastructure growth across more than 200 countries and regions. With the launch of Lanao aims to provide businesses and system integrators with direct access to more than 100,000 SKUs from leading global brands including Huawei, Cisco, Ruijie, TP-Link, and D-Link. The platform supports global logistics, express delivery options—including to regions such as Khyber Pakhtunkhwa in Pakistan—and real-time order tracking, offering an integrated experience tailored for modern IT operations. Connecting the Global Enterprise Ecosystem Established in 2017, Lanao began as a domestic manufacturer before expanding into the global market with the launch of its Hong Kong office. Over the years, it has developed into a key player in the international ICT sector by securing significant partnerships, including: 'Our goal is to simplify and support global IT connectivity through a reliable, transparent, and scalable procurement process,' said a company spokesperson. 'This platform is the result of several years of technical and operational groundwork.' Key Platform Features is built to serve a wide range of IT professionals—from procurement managers to systems engineers—through a combination of features: The website also provides a centralized space where users can request custom solutions, consult technical specialists, and stay informed through regular updates and blog posts. Serving a Global Network Lanao's infrastructure supports: 18,000+ enterprise customers 600,000+ end users 500+ global vendor partners 3 international warehouses 100+ enterprise sales professionals Presence in over 200 countries and regions With over 23 years of experience in the ICT distribution space, Lanao has focused on establishing long-term relationships with clients and brands alike. Its continued growth is supported by an agile supply chain and strategic local partnerships in key global markets. About Lanao Communication Technology Limited Lanao Communication Technology Limited is a global ICT distributor headquartered in Hong Kong. Through its digital procurement platform, the company offers enterprise-grade IT hardware and connectivity solutions tailored to meet the evolving needs of global businesses. The company's operations and decision-making are independent and vendor-neutral, ensuring impartiality and reliability in sourcing and service. Contact: Lanao Communication Technology Limited sales@ Hong Kong Tel: +852-63593631 USA Tel: +1-(302)281-2971 / +1-(555)705-0985 Address: UNIT NO.3, 13/F, 1-17 Sai Lau Kok Road, Tsuen Wan, New Territories, Hong Kong
Forbes
2 days ago
- Business
- Forbes
Alaska Airlines Grounded, Showing Fragility Of Flight Infrastructure
Alaska Airlines grounded its jets during a sudden systemwide halt in operations, highlighting ... More growing concerns over aviation cybersecurity and digital infrastructure resilience. Late Sunday, Alaska Airlines grounded all of its mainline aircraft due to what it described as a 'technology issue.' Operations halted at approximately 8 p.m. Pacific Time and resumed just before 11 p.m., but delays rippled into Monday morning, a peak travel period across U.S. airports. Horizon Air, Alaska Airlines' regional partner, was also affected. The timing, the scale and the abruptness of the incident set off alarm bells in the aviation and cybersecurity communities. Although the airline has since confirmed that the outage was not caused by a cyberattack, the incident still raised urgent questions about resilience in the face of digital disruption. The FBI issued a chilling warning in June that America's airlines are under active cyber threat. That warning now appears increasingly justified. The Alaska Airlines outage, while now confirmed as unrelated to malicious activity, initially bore the hallmarks of the kind of disruption federal agencies have been cautioning against. The Alaska Airlines technical problem was not an isolated glitch in airline, aviation and airport systems. It was the latest and most visible example of the growing digital fragility that now defines modern infrastructure. It may also be the clearest signal yet that the airline industry must be treated as critical infrastructure, not just in policy but in cybersecurity investment, threat modeling and coordinated response planning. The Cracks Are Widening This is not the first time Alaska Airlines has faced operational turbulence linked to technology. In April, a weight and balance software failure led to a full fleet grounding. In January 2024, a door plug detached mid-flight, exposing deep flaws in inspection protocols. And in August 2024, a major cyber incident at Seattle-Tacoma International Airport, Alaska's primary hub, triggered a temporary airport shutdown. Flights were delayed, baggage systems failed and communication networks were severely disrupted. The breach was later attributed to a foreign adversary targeting airport infrastructure, and although no lives were lost, the impact on travel, commerce and public confidence was significant. These incidents may differ in origin, but they reveal an industry with the same underlying vulnerability, and increasingly dependent on digital systems with limited resilience and redundancy. Airlines today are digital-first operations. Every flight dispatch, crew assignment, maintenance record and gate assignment depends on software. When that software fails or is compromised, the damage is not measured in lost productivity alone. It affects lives, safety and the stability of national infrastructure. Salt Typhoon And The Expanding Cyber Battlefield While Alaska Airlines has now confirmed that this particular disruption was not caused by a cyberattack, many in the cybersecurity community continue to watch closely. One name that had surfaced early in speculation was Salt Typhoon. Salt Typhoon is a Chinese state-sponsored threat actor linked to the Ministry of State Security. It has built a reputation for targeting telecom networks, government systems, and infrastructure operators across the United States and allied nations. In 2024, the group successfully infiltrated nine major American telecom providers, gaining access to surveillance routers, administrative credentials and internal metadata flows. Even more alarming was Salt Typhoon's breach of a U.S. Army National Guard unit. That intrusion began in March 2024 and remained undetected until December. The attackers quietly exfiltrated sensitive configuration files, administrator credentials, internal network diagrams and personnel rosters. According to federal briefings, the attackers had access to virtual private network appliances and domain controllers. That level of penetration enabled not just espionage, but the potential for real-world disruption of military readiness. The Department of Homeland Security responded with a chilling warning: all U.S. military units must now operate under the assumption that their networks are compromised. This is not theoretical. It is a national security posture shift. Salt Typhoon's specialty lies in stealth and persistence. Its tools are designed for long-term access, manipulation of edge infrastructure, and preparation for future sabotage. They do not need to launch a full-scale attack immediately. They simply need a foothold. And they are increasingly gaining those footholds in the same types of routers, VPNs and network layers that civilian airlines rely on every day. The fact that Salt Typhoon has demonstrated the ability to compromise military networks for nearly a year without detection should raise serious questions about the aviation sector's preparedness. Because in today's threat landscape, the line between military and civilian infrastructure is thinner than ever. Airlines Critical Infrastructure Soft Targets The Alaska Airlines incident was confirmed not to be a cyberattack, but the conditions remain absolutely ripe for one. Commercial aviation checks every box for high-value critical infrastructure and yet remains one of the most exposed Alaska Airlines incident may not ultimately be confirmed as a cyberattack. But the conditions are absolutely ripe for one. Commercial aviation checks every box for high-value critical infrastructure and yet remains one of the most exposed sectors. To make matters worse, support from the federal government is diminishing. Recent cuts at the Cybersecurity and Infrastructure Security Agency have left fewer resources to assist or intervene. That pushes more responsibility onto private carriers without the tools or funding to keep pace. Airlines are essential. They are everywhere. And they are underprepared. Unless aviation is treated like the critical infrastructure it is, the next outage may not be a warning. It may be a wake-up call too late. Responsibility Is Shifting To Private Sector As federal cybersecurity resources tighten, the private sector must step forward. Airlines, airports, maintenance providers and travel technology companies must now act as if they are on the front lines of national defense. Because they are. We are entering a new era where IT outages can serve as camouflage for cyberattacks. Where a grounded fleet may be the canary in the coal mine. And where securing our skies will require more than airport screenings and reinforced cockpit doors. This situation is not unprecedented. The defense industrial base has already faced similar vulnerabilities. In response, the Department of Defense created the Cybersecurity Maturity Model Certification, to establish a scalable and certifiable framework for cybersecurity across contractors. Airlines would benefit from adopting a similar model. CMMC principles offer a structured path forward: Cybersecurity in aviation can no longer be viewed as optional. A single weak link in the chain is all it takes to compromise a fleet. The only path forward is a unified industry-wide commitment to resilience, accountability and protection. A Wake-Up Call At Thirty Thousand Feet The Alaska Airlines outage is not just another IT incident. It is a warning. A fragile digital backbone. A growing global threat. A clear sign of unpreparedness across one of the nation's most essential industries. It is time to formally designate airlines as critical infrastructure. It is time to implement cybersecurity frameworks like CMMC across the aviation ecosystem. And it is time to invest in the tools, talent and systems required to protect not just networks but lives.
Forbes
2 days ago
- Business
- Forbes
After FBI Warning, Alaska Airlines Grounded; Salt Typhoon Suspected
Alaska Airlines grounded its jets during a sudden systemwide halt in operations, highlighting ... More growing concerns over aviation cybersecurity and digital infrastructure resilience. Late Sunday evening on July 21, 2025, Alaska Airlines grounded all of its mainline aircraft due to what it described as a 'technology issue.' Operations halted at approximately 8 p.m. Pacific Time and resumed just before 11 p.m., but delays rippled into Monday morning, a peak travel period across U.S. airports. Horizon Air, its regional partner, was also impacted. The timing, the scale and the abruptness of the incident set off alarm bells across both aviation and cybersecurity communities. On June 27, 2025, the FBI issued a chilling warning that America's airlines are under active cyber threat. That warning now appears increasingly justified. The Alaska Airlines outage, while not officially confirmed as a cyberattack, bears the hallmarks of the kind of disruption federal agencies have been cautioning against: targeted, sudden and systemwide. This was not an isolated glitch in airline, aviation or airport systems. It was the latest and most visible example of the growing digital fragility that now defines modern infrastructure. It may also be the clearest signal yet that the airline industry must be treated as critical infrastructure, not just in policy but in cybersecurity investment, threat modeling and coordinated response planning. The Cracks Are Widening This is not the first time Alaska Airlines has faced operational turbulence linked to technology. In April, a weight and balance software failure led to a full fleet grounding. In January 2024, a door plug detached mid-flight, exposing deep flaws in inspection protocols. And in August 2024, a major cyber incident at Seattle-Tacoma International Airport, Alaska's primary hub, triggered a temporary airport shutdown. Flights were delayed, baggage systems failed and communication networks were severely disrupted. The breach was later attributed to a foreign adversary targeting airport infrastructure, and although no lives were lost, the impact on travel, commerce and public confidence was significant. These incidents may differ in origin, but they reveal an industry with the same underlying vulnerability, and increasingly dependent on digital systems with limited resilience and redundancy. Airlines today are digital-first operations. Every flight dispatch, crew assignment, maintenance record and gate assignment depends on software. When that software fails or is compromised, the damage is not measured in lost productivity alone. It affects lives, safety and the stability of national infrastructure. Likely Culprit? Salt Typhoon And The Expanding Cyber Battlefield Although Alaska Airlines has not formally attributed this latest disruption to a cyberattack, many in the cybersecurity community are watching closely. One name that continues to surface is Salt Typhoon. Salt Typhoon is a Chinese state-sponsored threat actor linked to the Ministry of State Security. It has built a reputation for targeting telecom networks, government systems, and infrastructure operators across the United States and allied nations. In 2024, the group successfully infiltrated nine major American telecom providers, gaining access to surveillance routers, administrative credentials and internal metadata flows. Even more alarming was Salt Typhoon's breach of a U.S. Army National Guard unit. That intrusion began in March 2024 and remained undetected until December. The attackers quietly exfiltrated sensitive configuration files, administrator credentials, internal network diagrams and personnel rosters. According to federal briefings, the attackers had access to virtual private network appliances and domain controllers. That level of penetration enabled not just espionage, but the potential for real-world disruption of military readiness. The Department of Homeland Security responded with a chilling warning: all U.S. military units must now operate under the assumption that their networks are compromised. This is not theoretical. It is a national security posture shift. Salt Typhoon's specialty lies in stealth and persistence. Its tools are designed for long-term access, manipulation of edge infrastructure, and preparation for future sabotage. They do not need to launch a full-scale attack immediately. They simply need a foothold. And they are increasingly gaining those footholds in the same types of routers, VPNs and network layers that civilian airlines rely on every day. The fact that Salt Typhoon has demonstrated the ability to compromise military networks for nearly a year without detection should raise serious questions about the aviation sector's preparedness. Because in today's threat landscape, the line between military and civilian infrastructure is thinner than ever. Airlines Critical Infrastructure Soft Targets The Alaska Airlines incident may not ultimately be confirmed as a cyberattack. But the conditions are absolutely ripe for one. Commercial aviation checks every box for high-value critical infrastructure and yet remains one of the most exposed sectors. To make matters worse, support from the federal government is diminishing. Recent cuts at the Cybersecurity and Infrastructure Security Agency have left fewer resources to assist or intervene. That pushes more responsibility onto private carriers without the tools or funding to keep pace. Airlines are essential. They are everywhere. And they are underprepared. Unless aviation is treated like the critical infrastructure it is, the next outage may not be a warning. It may be a wake-up call too late. Responsibility Is Shifting To Private Sector As federal cybersecurity resources tighten, the private sector must step forward. Airlines, airports, maintenance providers and travel technology companies must now act as if they are on the front lines of national defense. Because they are. We are entering a new era where IT outages can serve as camouflage for cyberattacks. Where a grounded fleet may be the canary in the coal mine. And where securing our skies will require more than airport screenings and reinforced cockpit doors. This situation is not unprecedented. The defense industrial base has already faced similar vulnerabilities. In response, the Department of Defense created the Cybersecurity Maturity Model Certification, to establish a scalable and certifiable framework for cybersecurity across contractors. Airlines would benefit from adopting a similar model. CMMC principles offer a structured path forward: Cybersecurity in aviation can no longer be viewed as optional. A single weak link in the chain is all it takes to compromise a fleet. The only path forward is a unified industry-wide commitment to resilience, accountability and protection. A Wake-Up Call At Thirty Thousand Feet The Alaska Airlines outage is not just another IT incident. It is a warning. A fragile digital backbone. A growing global threat. A clear sign of unpreparedness across one of the nation's most essential industries. It is time to formally designate airlines as critical infrastructure. It is time to implement cybersecurity frameworks like CMMC across the aviation ecosystem. And it is time to invest in the tools, talent and systems required to protect not just networks but lives.
Yahoo
5 days ago
- Business
- Yahoo
Sify reports Consolidated Financial Results for Q1 FY 2025-26
Revenues of INR 10,723 Million. EBITDA of INR 2,111 Million. Loss for the period INR 389 Million. CHENNAI, India, July 18, 2025 (GLOBE NEWSWIRE) -- EARNING CALLS DETAILS July 18, 2025 | 8:30 AM ET | 06:00 PM IST Participant Dial in: To join: +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International) | Access Code: 205616 On the call: Mr. Raju Vegesna, Chairman of the Board and Mr. M P Vijay Kumar, Executive Director & Group CFO Live webcast: Archives: +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International). Passcode 52733 Replay is available until July 25, 2025. HIGHLIGHTS Revenue was INR 10,723 Million, an increase of 14% over the same quarter last year. EBITDA was INR 2,111 Million, an increase of 18% over the same quarter last year. Loss before tax was INR 322 Million. Loss after tax was INR 389 Million. CAPEX during the quarter was INR 2,874 Million. MANAGEMENT COMMENTARY Mr. Raju Vegesna, Chairman, said, 'India is entering a new generation of IT transformation. I firmly believe that the next decade of digital infrastructure will be written in India. The pace at which public and private enterprises are investing in technology, cloud adoption, and automation is unmatched — driven by an urgency not just to participate in the digital economy, but to lead it. Government policy, industry ambition, and a vibrant innovation ecosystem are combining to create a perfect storm of opportunity. National programs like Digital India and the India AI Mission are bringing in investments in compute infrastructure and digital access, while regulatory clarity is unlocking private capital into hyperscale data centers, 5G and beyond. India is not just consuming AI — it is rapidly climbing up the value chain to become a creator of AI tools, frameworks, and domain-specific solutions. This ambition will translate into robust demand for integrated infrastructure that supports high-performance workloads, edge computing, and sovereign data requirements. India will not just be a growth market; it will be the growth engine.' Mr. M P Vijay Kumar, ED & Group CFO, said, 'We remain steadfast in our commitment to cost efficiency and fiscal discipline even as we navigate an increasingly complex business environment. Every investment decision is taken with long-term value creation in mind overseen by a rigorous approach to risk management. While our current results reflect the impact of depreciation, interest costs, and rising manpower expenses, these are conscious trade-offs in our strategy to build future-ready capabilities across our businesses. Our financial strategies are designed with resilience and agility, enabling us to respond effectively to evolving market dynamics. At the same time, we are embedding sustainability as a foundational business tenet—well beyond regulatory compliance. Ultimately, our focus remains on delivering predictable, long-term value to stakeholders while staying true to our disciplined investment philosophy and high standards of accountability. The cash balance at the end of the quarter was INR 3,861 Million.' BUSINESS HIGHLIGHTS The Revenue split between the businesses for the quarter was Network services 41%, Data Center services 37% and Digital services 22%. During the quarter, Sify commissioned 8.6 MW of additional Data Center capacity. As of June 30, 2025 Sify provides services via 1159 fibre nodes across the country, a 10% increase over same quarter last year. As on June 30, 2025, Sify has deployed 9661 contracted SDWAN service points across the country CUSTOMER ENGAGEMENTS Among the most prominent new contracts during the quarter were the following: Network Services A global IT leader contracted Sify for dedicated capacity on our National Long-Distance network. One of the world's largest spirit manufacturer contracted for high-redundancy network infrastructure between their factory and regional locations. A large private bank contracted Sify to set up a Network Address Translation Gateway (NAT) in multiple cities and connect to the cloud. A foreign bank, a direct-to-home entertainment platform, a multinational digital communications technology and a leading global optical and digital solutions company contracted for an MPLS build. A foreign bank contracted Sify to connect their data center to multiple cloud platforms. Multiple State and Private banks signed up for managed SD WAN services. The Network business signed up an MSA with a global telecommunication leader. Data Center Services An upcoming IT player in the communication platform space migrated from the competition's data center to Sify Data Center. A foreign multinational into IT applications moved from their on-prem storage to Sify DC. A joint venture between a foreign insurance player and their Indian partner signed up for Disaster Recovery services. Digital services A logistics major, a Portfolio Management company and a Scheduled bank contracted Sify to migrate from on-premise DC to our Cloud platform. A diversified financial services group, a healthcare consultancy, an infotech major and an industrial machinery manufacturer signed up for a greenfield cloud platform implementation. A steel manufacturer, a healthcare services provider, a clean energy provider, couple of private banks and India's first private rail wheel and axle manufacturer signed up for services like DRaaS, PaaS and IaaS. A housing finance major contracted Sify for private cloud commissioning on-prem. One of India's oldest FMCGs and a private bank signed up for on-premise security services. The healthcare major also signed up a full technology refresh. FINANCIAL HIGHLIGHTS Description Quarter ended Quarter ended Quarter ended Year ended June 2025 June 2024 March 2025 March 2025 (Audited) Revenue 10,723 9,421 9,699 39,886 Cost of Sales (6,574 ) (5,961 ) (5,869 ) (24,917 ) Gross Profit 4,149 3,460 3,830 14,969 Other Operating Income 85 88 76 363 Selling, General and Administrative Expenses (2,018 ) (1,676 ) (1,977 ) (7,442 ) Depreciation and Amortisation expense (1,679 ) (1,306 ) (1,558 ) (5,633 ) Operating Profit 537 566 371 2,257 Investment Income - 58 76 188 Impairment loss on Investment (22 ) - - - Profit before financing and income taxes 515 624 447 2,445 Finance income 1 - - 13 Interest expenses on borrowings and lease liabilities (837 ) (617 ) (762 ) (2,742 ) Interest expenses on pension liabilities (1 ) - - (2 ) Profit/(Loss) before income taxes (322 ) 7 (315 ) (286 ) Income Tax Expense (67 ) (59 ) (263 ) (499 ) Profit/(Loss) for the period (389 ) (52 ) (578 ) (785 ) Profit attributable to: Reconciliation with Non-GAAP measure Profit/(Loss) for the period (389 ) (52 ) (578 ) (785 ) Add: Depreciation and Amortisation expense 1,679 1,306 1,558 5,633 Net Finance Expenses 765 495 630 2,294 Current Tax 122 136 189 699 Deferred Tax - - 74 - Less: Deferred Tax (55 ) (77 ) - (200 ) Other Income (including exchange gain/loss) (11 ) (24 ) 28 (79 ) EBITDA 2,111 1,784 1,901 7,562 Management-defined Performance Measures (MPMs) Sify uses Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) as the management-defined performance measure in its public communications. This measure is not specified by IFRS Accounting Standards and therefore might not be comparable to apparently similar measures used by other entities. Management believes adjusting operating profit for these items provides comprehensive information of the company's operating performance. Reconciliation with Management-defined Performance Measures:(In INR millions) Description Quarter ended Quarter ended Quarter ended Year ended June 2025 June 2024 March 2025 March 2025 (Audited) Operating Profit 537 566 371 2,257 Add: Depreciation and Amortisation expense 1,679 1,306 1,558 5,633 Less: Interest expenses on pension liabilities (1 ) - - (2 ) Impairment loss on Investment (22 ) - - - Other Income (including exchange gain/loss) (82 ) (88 ) (28 ) (326 ) EBITDA 2,111 1,784 1,901 7,562 Segment Reporting:(In INR millions) Quarter ended June 2025 Quarter ended June 2024 Particulars Network Services Data Center Services Digital Services Total Network Services Data Center Services Digital Services Total (A) (B) ( C) (D)=(A)+(B)+(C) (A) (B) ( C) (D)=(A)+(B)+(C) External customers Revenue 4,379 3,961 2,383 10,723 3,865 3,360 2,196 9,421 Intersegment Revenue - 22 55 77 - 22 55 77 Operating Expense (3,683 ) (2,192 ) (2,681 ) (8,556 ) (3,247 ) (1,954 ) (2,393 ) (7,594 ) Intersegment Expense (63 ) - (14 ) (77 ) (63 ) - (14 ) (77 ) Segment Result 633 1,791 (257 ) 2,167 555 1,428 (156 ) 1,827 Unallocated Expense: Support Service Unit Costs (36 ) (43 ) Depreciation and Amortisation (1,679 ) (1,306 ) Other income / (expense), net 63 146 Finance Income 1 - Finance Expense (838 ) (617 ) Profit / (loss) before tax (322 ) 7 Income taxes (expense) / benefit (67 ) (59 ) Profit / (loss) for the period (389 ) (52 ) Equity and Debt: (In INR millions) Particulars Quarter endedJune 2025 Quarter endedJune 2024 Year endedMarch 2025 EQUITY 16,339 17,795 16,725 BORROWINGS Long term 25,391 21,997 28,237 Short term 8,791 7,589 7,304 Less: Cash Balance 3,861 6,471 6,836 Net debt 30,321 23,115 28,705 About Sify Technologies A multiple times award winner of the Golden Peacock from Institute of Directors for Corporate Governance, Sify Technologies is India's most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses. Sify's infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp. More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore. Sify, Sify Technologies and are registered trademarks of Sify Technologies Limited. Non-IFRS Measures This press release contains a financial measure not prepared in accordance with IFRS. In particular, EBITDA is referred to as 'non-IFRS' measure. The non-IFRS financial measure we use may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies - refer to the reconciliation provided in the table labelled Financial Highlights for more information. In addition, these non-IFRS measures should not be considered in isolation as a substitute for, or as superior to, financial measures calculated in accordance with IFRS, and our financial results calculated in accordance with IFRS and reconciliation to those financial statements should be carefully evaluated. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with Sify's business, please see the discussion under the caption 'Risk Factors' in the company's Annual Report on Form 20-F for the year ended March 31, 2025, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at and Sify's other reports filed with the SEC. For further information, please contact: Sify Technologies LimitedMr. Praveen KrishnaInvestor Relations & Public Relations+91 20:20 Media Nikhila Kesavan+91 Weber ShandwickLucia Domville+1-212 546-8260LDomville@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
