Shanghai Daily has a story about how Ericsson and Nortel are looking for big business the wireless markets in China and India, which are expected to generate contracts worth at least $26-billion as the two countries add about 12 million mobile customers a month. The focus on these contracts will no doubt be a major topic of conversation when more than 2,000 executives and government officials meet this week at the International Telecommunication Union’s Telecom World conference in Hong Kong. To put these markets in context, China added 5.9 million subscribers in October, while India attracted 6.6 million. And espite the strong growth in both countries, six out of 10 Chinese people don’t own a cell phone, while seven out of 10 have yet to sign up for a mobile phone in India.
Ericcson, Nortel Looking for Love in China