US$ 470 million Invested in India to Upgrade and Expand Telecom Network Equipment
Oct. 17 – With over 344 million telecom connections India is the third largest telecom market in the world and second largest telecom market within emerging economies. India's urban teledensity has been increasing by approximately 30 percent, the rural teledensity has also seen double digit growth.
In order to keep up with demand, the telecom network providers have been pouring money into India to upgrade and expand the country's telecom network. Telecom network maker Nokia Siemens Networks recently said they would invest US$70 million over three years in a new Indian factory that will make and distribute mobile communication equipment.
The new factory located in Chennai, souther India, will be Nokia's second manufacturing facility in the country. It already runs a fixed network equipment facility near India's eastern coastal city of Kolkata.
Chinese telecom network equipment manufacturer ZTE also recently announced that it won a US$400 million account to grow India's GSM network infrastructure from Maxis.
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