ZTE India expects its revenues to cross $1 Billion mark in 2009

By siliconindia   |   Tuesday, 31 March 2009, 07:33 Hrs
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Bangalore: China-based high technology communication equipment provider ZTE expects its India revenues to cross the $1 billion mark in 2009. ZTE India clocked $750 million (around Rs 3,750 crore) in sales revenues in 2008. The company is planning to grow its revenues on the back of a 3G rollout (when the government grants spectrum) and growing the volumes in its mobile device business.

Wei Zaisheng, Executive Vice President, ZTE, says, “ZTE India is in advanced stages of talks with a couple of large telecom players for their 3G rollout. Additionally, the company has a strong cash support position for Indian operators, as China Development Bank has provided the company with $15 billion credit line, which will include ZTE’s overseas project financing and credit limits.”

D K Ghosh, CMD, ZTE Telecom India, said that their mobile devices are expected to contribute up to 30 percent of ZTE India’s revenues. “On the handset front, we will broaden our focus from just the lower-end mobile phones to smart-phones in the premium segment,” he added.

At present, ZTE’s partners in the handset market include Aircel, Bharti Airtel, BSNL, HFCL, Reliance, Tata Indicom and Vodafone. The company is strong in low-cost phones and is expected to expand into smartphones based on Microsoft’s Windows Mobile and open-source Linux.

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