Chinese IT firm ZTE Soft expects to double its India revenues to $160 million by March 2014 and hire 300 more people locally within next one year.
"We expect to post 100 per cent growth in our revenue at $160 million by March 2014 from India business. We posted $80 million revenue from India in December 2012," ZTE Soft's Senior Vice President Nie told PTI.
ZTE Soft, which is subsidiary of telecom equipment firm ZTE, currently manages software services for BSNL in three zones, nine circles' operations of Sistema Shyam and two circles of Idea Cellular.
The company expects a major boost in business when contracts of European vendors in most of the service areas with some leading operators expire.
"Some of the Indian telecom operators have started discussion with us for handling their IT needs. They are finding European vendors expensive. We are building capacity in India and to cater demand we will hire about 300 people more in a year," ZTE Soft Deputy Director Prasoon Sharma said.
ZTE Soft, at present, has about 100 people working with it directly.
The company has also partnered with Indian IT companies Tech Mahindra, Wipro and TCS for system integration.
"The volume of business is going to be huge when consolidation starts in telecom sector. While we will have our workforce, we will take help of Indian partners to handle projects," Sharma said.
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"We expect to post 100 per cent growth in our revenue at $160 million by March 2014 from India business. We posted $80 million revenue from India in December 2012," ZTE Soft's Senior Vice President Nie told PTI.
ZTE Soft, which is subsidiary of telecom equipment firm ZTE, currently manages software services for BSNL in three zones, nine circles' operations of Sistema Shyam and two circles of Idea Cellular.
The company expects a major boost in business when contracts of European vendors in most of the service areas with some leading operators expire.
"Some of the Indian telecom operators have started discussion with us for handling their IT needs. They are finding European vendors expensive. We are building capacity in India and to cater demand we will hire about 300 people more in a year," ZTE Soft Deputy Director Prasoon Sharma said.
ZTE Soft, at present, has about 100 people working with it directly.
The company has also partnered with Indian IT companies Tech Mahindra, Wipro and TCS for system integration.
"The volume of business is going to be huge when consolidation starts in telecom sector. While we will have our workforce, we will take help of Indian partners to handle projects," Sharma said.
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ZTE’s goal in the partnership is to help eliminate technical barriers caused by vendor incompatibilities, reduce network complexity, and minimize operations and maintenance costs.
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, today announced a strategic commitment to provide enhanced converged operations capabilities as a member of the Next Generation Mobile Network (NGMN). ZTE is collaborating with both its customers as well as NGMN, an alliance led by 22 of the largest international mobile network operators, via its Next Generation Converged Operations Requirements (NGCOR) project in order to meet and exceed current industry needs.
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, today announced a strategic commitment to provide enhanced converged operations capabilities as a member of the Next Generation Mobile Network (NGMN). ZTE is collaborating with both its customers as well as NGMN, an alliance led by 22 of the largest international mobile network operators, via its Next Generation Converged Operations Requirements (NGCOR) project in order to meet and exceed current industry needs.
ZTE’s goal in the partnership is to help eliminate technical barriers caused by vendor incompatibilities, reduce network complexity, and minimize operations and maintenance costs. Based on years of system analysis, ZTE has planned a set of unified OSS platforms with unified interface standards to support converged network management. Once the platform is established, ZTE estimates the unified and centralized database will decrease the number of interfaces by 80 percent.
“ZTE is proud to be working with the NGMN and our key customers to advance these converged operations solutions,” said Dr. Sun Zhenge, VP of ZTE. “ZTE’s commitment is aimed at improving efficiency and quality of converged solutions, while also decreasing the time and cost involved.”
The formal partnership follows recent collaboration between ZTE and NGMN at the TM Forum’s Telemanagement World in May 2013 already, simulating interoperability between BTS management and configuration. It has also expanded the scope and functionality of the interfaces in the showcase to include Evolved Packet Core (EPC).
Source: http://wwwen.zte.com.cn/en/press_center/news/201311/t20131125_413861.html
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