ZTE looking for Indian partner for R&D
15 Sep 2007
Mumbai: Communications equipment provider ZTE said it is in advanced stage of discussion with a private Indian telecom equipment maker for joint research and development in broadband and internet protocol TV (IPTV) products.
"We are in discussion with an Indian company (telecom equipment manufacturer) to develop ADSL products and undertake R&D," ZTE president (broadband products) Xu Ming said during a discussion on the firm`s strategy for broadband products.
He, however, refused to divulge the name of the Indian company citing confidentiality clause the negotiating firms have entered early this year.
ZTE has shipped more than three million lines of ADSL equipment to India (including two million for BSNL''s rural network) last year and expects to more than double this in calendar year 2007.
The company had revenue of $550 million in 2006 from worldwide sale of its ADSL equipment and has set a target of $700 million in 2007.
ZTE
has 35 per cent market share for its broadband and ADSL
equipment in China and controls about 40 per cent of the
Indian market for these products.
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