The award for the Most Promising Service Provider of the Year is presented to the service provider that has been judged by Frost & Sullivan and a panel of independent judges to have made the most outstanding contribution to the telecommunications industry in Asia Pacific, and is likely to continue enhancing its position/dominance in the short term. The contenders were evaluated based on the following key criteria for base year 2006:

• Market performance - revenue and profit growth, market share and growth in market share
• Creating a disruption in the industry
• Breadth of products and solutions
• Major customer acquisitions
• Strong innovation in services resulting in expanding the market or creating a new market
• Undertaken considerable initiative to make it a force to be reckoned with within the industry
• Business/market strategy

Associated with some of the biggest names in ICT, the Frost & Sullivan Asia Pacific ICT Awards is held annually to recognise companies and individuals that have pushed the boundaries of excellence - rising above the competition and demonstrating outstanding performance across Asia Pacific.

Sin Siew Teyew, director of telecoms at Frost & Sullivan, says, "Vanco has managed to turn the disadvantage of not owning an infrastructure into an opportunity to focus its energy and resources on serving its customers better by delivering cost-effective solutions in a flexible and adaptable virtual network operator (VNO) environment."

The panel of judges includes some of the most important influencers in the Asia Pacific ICT industry including Joseph Waring, group editor of Telecom Asia, Wireless Asia and Telecoms Europe; as well as senior representatives from Alcatel-Lucent Asia Pacific;, Nokia Siemens Networks; Juniper Networks; SAS Asia Pacific; and Motorola, Inc., amongst others.

“We are delighted to have received this prestigious award from Frost & Sullivan,” said Diarmid Massey, Vanco Asia Pacific CEO. “The award recognises our success in the Asia-Pacific region, complementing our achievements in Europe and the USA. Companies all over the world are clearly realising the benefits of our Virtual Network Model over the more limited offerings of Asset Based Carriers.”