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| China's ZTE bags $400-million order from Aircell |
| Bloomberg / Mumbai Oct 14, 2008, 00:15 IST |
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ZTE Corp, China’s second-biggest maker of telephone-network equipment, said it had won a $400 million order from Maxis Communications to supply mobile-phone gear for the carrier’s unit in India.
The maker of base stations and switches will provide equipment based on the global system for mobile communications standard to Aircell, the Shenzhen, southern China-based ZTE said today in an e-mail statement. Aircell has more than 11 million users in India, it said.
ZTE has sought to boost sales in India and other markets outside China as carriers in its home market cut spending to prepare money needed to build high-speed, or so-called third-generation, mobile-phone networks. In December last year, the company called India, which added 9.17 million handset users in August, its “most strategic market’’ outside China.
“We think the strong momentum in demand for telecom equipment in emerging markets led by China and India will continue over the next two to three years,’’ Steven Liu, an analyst with DBS Vickers in Hong Kong, wrote in a note to investors today.
The equipment maker’s first-half sales in China fell 2.8 per cent from a year earlier to 7.06 billion yuan ($1.03 billion), according to its interim report. Revenue from Asia, excluding China, rose 42 per cent to 5.65 billion yuan, while sales in Africa more than doubled to 3.83 billion yuan.
ZTE said in December last year it planned to hire more than 500 engineers in India this year and aimed to boost revenue there to $1 billion in 2008, after winning more than $800 million of contract sales in the South Asian nation last year. It didn’t say what its 2007 revenue from India was.
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