Tuesday, August 14, 2007

Huawei upbeat on Indian telecom market

BANGALORE: China-based telecom equipment supplier Huawei Technologies, which has bagged a $200 million contract from Reliance Communications, is upbeat on India and expects to clinch other multi-million dollar outsourcing deals in the country.

"At this point, we are quite bullish on the opportunities here (India). Telecom market in India is becoming increasingly vibrant," Huawei spokesperson Ross Gan told the media here.

"As you have seen in the Reliance deal, there is a lot of momentum for us in the market," he said. The Shenzen- headquartered vendor bagged the network expansion contract from Reliance Communications last month.

Gan, who was on a visit to Delhi and Bangalore, confirmed that his company is in dialogue with BSNL, MTNL, Bharti Airtel and Vodafone-Essar for similar deals.

Asked if the company is confident of bagging some of these deals, he said: "Most definitely...as a company that has been in India for such a long-time, we are constantly in dialogue with all the operators."

"We expect to make some announcements over the next couple of months," he added.

He, however, declined to discuss size of prospective deals, saying deal size would vary and it is premature to talk about them now.

About the company's previous announcement to set up USD 100 million manufacturing plant in India, he said: "The intention is still there," but added that there was no time- frame for setting up the unit.

Gan said the timing of establishing a plant in India depends on "market opportunities."

Courtesy: Economic Times

Posted by Tushar Surekha at 9:44 AM

Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Bloomberg - UTV

Must Watch...Ad may come initially.. wait for video.Also keep volume on

Disclaimer



This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.


The information contained herein is from publicly available data or other sources believed to be reliable. While I would endeavour to update the information herein on reasonable basis, I am under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent me from doing so. I do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. I do not undertake to advise you as to any change of my views. I may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject me to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. I may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. I may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall I or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind.