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India is the new China at world`s biggest wireless fair
Shakil Shakil published 20 Feb 2007, 18:47 in main - 248 views
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ImageThe mobile telecoms industry turned its focus on India at this year`s 3GSM trade fair and away from China, after years of talking about little else but China`s huge market and potential third generation licenses.

Vodafone`s $11 billion deal to buy a controlling stake in India`s fourth-biggest mobile phone firm, Hutchison Essar, announced on the eve of fair, set the agenda as those participants who had not already done so woke up to India`s potential.

With 150 million subscribers but market penetration of still only 15 percent, India is already the world`s fourth-biggest mobile market behind China, the United States and Russia.

It is also the fastest-growing major market and is expected to overtake Russia this year. At its current growth rate, there will be half a billion mobile subscribers in India by 2010.

Icon News source: Zee News
Tags: India, China, World`s Biggest Wireless Fair
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