Investment In India | "Huawei to up investment in India, eyeing 4G LTE services roll out"

By : Csg
Source : http://telecomlead.com
Category : Investment In India 

Telecom Lead India: Chinese telecom equipment major Huawei will increase investment and operation in India, eyeing 4G LTE services roll out in India.

At present, the company supplies telecom equipment to mobile operators such as Reliance Communications and Tata Teleservices.

Huawei to invest more in European telecom markets

Recently, Huawei said it is framing strategies to strengthen its focus in Europe. The Chinese telecom equipment maker identified Europe as one of the important markets for future development. Huawei is planning to up its investment in Europe and focus on establishing more partnerships with European firms.

 The revenue generation of Huawei India in 2011 was $1.2 billion. Huawei set a target of 40 percent growth in revenues from India in 2012.

4G services are being rolled out in India. Huawei is scaling up India operation in terms of man power, technology and investment. The 4G services are likely to be rolled out in some of the Indian cities later this year.

Huawei claims that the company has 45 percent market share in providing equipment and services to Indian telecom operators and now it wants to further consolidate its presence in India.

The telecom major is setting up a new campus for its research and development centre in Bangalore at an investment of $150 million.

The R&D centre of Huawei in Bangalore, which has around 2,000 employees, is one of the company's 17 R&D centers across the world and it provides technology solutions to various markets across the world.

"Indian market is very important for the company and that is why we are further expanding our investment. At present the company has over 6,000 employees in India, out of which 95 per cent are Indians," said Scott Sykes, vice president of Global Media Affairs, Huawei.

Source : http://telecomlead.com/inner-page-details.php?id=8003&block=News