ZTE Hopeful of $4 Billion Business for Telecom Industry

ZTE Telecom, which provides network solutions and equipment for telecommunication is anticipating a business of $4 billion for the telecom vendor industry. This is expected to be created in the near future with the probable rollout of 3G, WiMax and other advanced communication services in India.

The Chairman and Managing Director of the company D K Ghosh, revealed that the company is vying for a 10-15% share in the market. Ghosh revealed this to reporters while attending a press conference at the Eastern Institute for Integrated Learning in Management (EIILM).

ZTE TelecomIt has been reported that the procedure of auctioning radio frequency spectrum for third generation telephony has commenced. This would be followed by bid offers for the spectrum of WiMax services.

Ghosh told reporters, “We have some major plans for India and plan to grow by around 30 percent every year”.

It is said that the company attained a turnover of $8.8 billion in 2008-2009. 10% of this turnover was generated through Indian operations.

It is also revealed that ZTE is hoping to take part in the re-tendering of the contentious project of state-run telecom service provider Bharat Sanchar Nig

am Ltd (BSNL) for 93 million GSM connections. This project has recently been dropped.