ZTE targets $800 million revenue from India

NEW DELHI: Chinese telecom equipment major ZTE said it is targetting a revenue of $800 million for the year 2014 from India as telcos are likely to spend more on the back of growth revival in the sector.

The company, which has already clocked $400 million in revenues till October this year, is hopeful of closing 2013 with $500 million in revenues.

"Telecom companies expect clarity (in rules) after the elections and by then, the auction would have also been completed. Telecom companies have already started preparing and we expect next year to be good," ZTE India CEO Xu Dejun told reporters here.

ZTE already manages the 4G network of Bharti Airtel in Kolkata and Chandigarh and select circles of Sistema Shyam for its CDMA network. The company is also likely to bid for Bharti Airtel's 3G service network upgradation deal.

He added that refarming would also help the company as telecom operators look at revamping their networks.

Of the targeted $800 million revenue in 2014, the company expects a significant portion to come from its handset business. In May this year, ZTE had partnered Pune-based Calyx to enter the handset market in India.

Since then, it has introduced a slew of smartphones and aims to sell two million smartphones by next year.

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