"We are on the brink of a dramatic era of opportunity in telecommunications," said John DeFeo, Incepta president and CEO, and former CEO of US WEST NewVector Group. "Our extensive experience in the industry allows us to capitalize on growing telecommunications market segments. The Incepta difference is leveraging our abilities and relationships for our partners, which will help to mitigate risk and more quickly increase the value of the enterprise."
Bechtel will provide Incepta with the benefits of its strong reputation as a developer and owner of successful infrastructure businesses. Incepta will also leverage Bechtel's relationships to identify high-potential opportunities and its more than 30 years of experience in design and build out of telecommunications systems.
"Bechtel's affiliation with Incepta is the latest example of a business strategy we adopted in the early 1980s," said Paul Unruh, president and COO of Bechtel Enterprises. "Through Incepta we intend to provide a full array of services from inception to operations. We'll take an ownership position in these telecommunications ventures, not just for the short term but as a continuing partner in the economic life of the communities we serve."
Comprehensive Investment StrategyIncepta's targets for growth are telecommunications segments that offer the greatest potential, including competitive local exchange carriers of voice and data, mobile wireless, and long distance. The company's initial focus will be in North America and Western Europe, where deregulation and the emergence of new technologies create rich potential. Its rigorous selection process will minimize risk for its investments by utilizing its teams' expertise in building networks, managing complex projects, and marketing telecommunications services.
The time is right for the Incepta concept. The worldwide telecommunications market, which in 1997 was an estimated $667 billion, is growing at a rate of $40 billion per year. Avenues of opportunity now exist for entrepreneurs to complement established telecommunications providers, by meeting exploding market demand for increased bandwidth capacity.