ZTE Chairman bullish on telecom business opportunities in developing and hugely populated nations
(Business News, 06 Dec 2007 )
ZTE Corporation recently participated in one of the most celebrated events in the mainland to commemorate the 20th year of the commercial deployment of large-scale cellular mobile telecom system in China. With ZTE’s Chairman Hou Weigui as special guest, ZTE joined other leading industry providers such as China Mobile, China Unicom, and major organizations at the China’s 20th Mobile Telecom Development Forum, held on November 18th in Beijing. The annual conference reviews the history of mobile telecom development in China as well as presents relevant and latest domestic telecommunication industry data.
ZTE was the only vendor from the telecom equipment provider area to be invited to present at the forum. Mr. Hou delivered a keynote address on the emergence of China telecom providers, as well as how ZTE sees future developments that will shape the local telecom industry in the years to come.
“ZTE’s infrastructure development experience in China is what makes us very competitive in the international telecom arena,” Mr. Hou said in his keynote speech. “We believe that there are huge business opportunities in developing and highly populated countries such as India, Pakistan, and Indonesia. In India alone for instance, ZTE has sealed over US$7 hundred million worth of contract deals in 2007, allowing us to deliver a remarkable record of 10 million handsets in the country and making India as our 2nd largest market for handset devices. “
China’s mobile industry is one of the biggest and fastest growing markets in the world today. According to a latest industry data released by China MII (Ministry of Information Industry), there are now more than 900 million handset users in China with more than half as mobile telecom subscribers. With China rapidly becoming a manufacturing base, the report also added that terminals manufactured in China have exceeded 480 million units in 2006, with 100 million units sold in China. China’s data application market is also on the rise, representing about one third of the total local mobile services market.
