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People's Daily Online>>China Business

ZTE sees little effect from ruling

By Shen Jingting (China Daily)

14:03, February 09, 2012

The exhibition booth of ZTE Corp, China's second-largest telecommunications equipment maker, at the 12th China (Tianjin) Information Technology Exposition in November. (China Daily Photo)

Chinese companies won't make major strategy changes after Indian court's move on licenses

BEIJING - ZTE Corp, China's second-largest telecommunications equipment maker, said an Indian court's ruling imposing penalties on local telecoms operators has had little impact on its performance, and the company's operations in India are running as usual.

Earlier this month, the Supreme Court of India revoked 122 telecommunications licenses that were issued at below-market prices in 2008 amid a corruption scandal, the India-based Economic Times reported.

The newspaper said Andimuthu Raja, the former telecoms minister, had resigned because of the case and was in jail awaiting trial.

The ruling applies to licenses for eight operators, some of which are held by joint ventures involving foreign companies such as Telenor ASA of Norway and Emirates Telecommunications Corp of the United Arab Emirates.

Media reports have said that many operators had purchased equipment from Chinese vendors Huawei Technologies Co Ltd and ZTE Corp.

Huawei and ZTE, both among the world's top five telecommunications equipment companies, have invested heavily in India in the past decade.

That nation is the world's second-largest cellular market by subscribers, with 894 million at the end of December.

In a statement to China Daily on Wednesday night, ZTE said the Indian court's ruling hadn't had a great effect.

"Our company will pay close attention to the progress, and continue to expand in India's telecom market," it said.

ZTE's Hong Kong-listed shares gained 3.44 percent to HK$22.55 ($2.90) on Wednesday.

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