The great Indian potential was already brought up here in a previous post about Cable & Wireless' investment in Bangalore. Recently, I read another article on Internet.com which best epitomizes the ongoing telecom boom in India. There are many developments that the article touches upon, including:
- Cisco (Nasdaq:CSCO) reported that its fiscal Q4 2004 revenues from India increased by 40 percent over the same period last year
- Nortel (NYSE:NT) obtained a lucrative deal from BSNL (Bharat Sanchar Nigam Limited), India's telecom giant, to deploy a GSM network
- Alcatel (NYSE: ALA) and Nokia (NYSE:NOK) are in line to also get portions of the BSNL deal
The list of deals does not stop there. Last week, Om Malik exclusively reported in his blog that Motorola (NYSE:MOT) was chosen as the outsourcer in the Tata Telecom CDMA network buildup. Gaining a portion of the wireless network deployment was certainly good news for Motorola.
No wonder Cisco CEO John Chambers was so bullish about the country's prospects, calling India "a great success story", adding that Cisco "put a lot of investments over the last several years, and they are growing approximately 100 percent year-over-year".