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Motorola bets big on India
Expects India to be its biggest absolute growth market in the next three years.

Saturday, May 29, 2004

BEIJING (Reuters) - Motorola Inc expects India to be its biggest absolute growth market in the coming three years, its president said.

"It's by far the most exciting market in terms of absolute growth," Motorola president and chief operating officer Mike Zafirovski told reporters in Beijing.

Motorola currently controlled 26 percent of the Indian mobile handset market, up from a zero percent market share 18 months ago, Zafirovski said.

The company expects its sales growth in India until 2007 to be in line with its booming development in China between 2000 and 2003.

Zafirovski said he sees both GSM and CDMA standards to continue in India.

© Reuters


http://www.ciol.com/content/news/2004/104052904.asp