fbpx
Emerging Trends Advisors Important Announcement! Emerging Trends Advisors Official Statement READ NOW

Level 18, Park Ventures Ecoplex,
57 Wireless Road, Bangkok,
Thailand 10330

Home » India » India can become 2nd largest 5G market in 10 years: Huawei

India can become 2nd largest 5G market in 10 years: Huawei

Mar 2, 2019 | Emerging Trends Advisors, India

The company along with its telecom operator partners is awaiting approval for spectrum allotment.

Chinese telecom gear maker Huawei said that India has the potential to become the most extensive 5G market after China for the whole industry in the coming ten years.

"We know India is an important emerging market. From the long term perspective, I believe that the Indian 5G market will be a huge market and will be second only to China," James Wu, president, Southern -East Asia region at Huawei Technologies said.

The long-term perspective can be ten years. The executive said that Hong Kong would be the first market to deploy 5G technology in the South-East Asia region. “Thailand, India and Vietnam will, follow Hong Kong and launch 5G,” he added. Huawei said that it is working with Indian telecom operators in validating the technology that is core to 5G in the future. It is also working with local telcos for 5G field trials that may happen in the second half of the year.

Make an Enquiry
Fill out the form and a member of our team will get back to you shortly. Usual response time 1-2 hours.


The company along with its telecom operator partners is awaiting approval for spectrum allotment.

It said it is ready to talk to all stakeholders in India and engage with them through extensive consultations to allay any security-related concerns. It is said that the investments in the country will continue to grow as part of the long-term strategy for the “strategically important market.” “India market is challenging and unique, but it is essential to market for Huawei. India has a large population and huge telecom demand. Indian government’ push on 5G will help economic performance… Huawei has a long-term strategy in India...our investment will continue to grow,” said Wu.

Wu said that Huawei’s local teams had contacted government bodies and telecom operators in India for negotiations and discussions around the security-related concerns emerging from some western markets like the US.

“Our local teams are having detailed dialogues and have a communications plan for the India market. Up till now, we haven’t received any concerns from the India government. Cybersecurity is a technical issue. From the technical perspective 5G will be more secure than 4G,” he added. “As a tech company, Huawei stands ready to talk to all stakeholder in India and engage them with extensive consultations,” he added.

Huawei has come under global scrutiny after the US raised security concerns regarding 5G equipment, given their perceived proximity to the Chinese government. The US has asked its allies to ban 5G gear from Huawei. Canada, Japan, New Zealand and Australia have acquiesced. Huawei has now sought evidence from the US and accused other governments of wrongdoing, and has said that such information, if any, should at least be disclosed to carriers.

The executive said that Huawei is localising globally proven technology, and is in currently working India telcos in validating the technology that is core to 5G in future. Huawei is also open to collaborating with the Indian government for setting up 5G test beds to develop new use cases and test the technology.

Article Source: economic times

Leave a Reply

Login With Emerging Trends Advisors [ultimatemember_social_login id=237543] Or Register With Emerging Trends Advisor

Up to 15% Returns on Investment

Fixed return investments fully backed by properties.

*15% p.a. paid at the end of the term on capital gain option*

 

Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.

Thai Cannabis Industry sprouting New Investment Opportunities

Thai Cannabis Industry sprouting New Investment Opportunities

Thai Cannabis Industry sprouting New Investment Opportunities Policy to allow every Thai household to grow six marijuana plants for sale to the government is starting to take root.Thailand has built what’s being described as the biggest industrial-scale medical...

3,000 rai of land reclaimed | 330Billion Baht Investment

3,000 rai of land reclaimed | 330Billion Baht Investment

3,000 rai of land reclaimed | 330Billion Baht Investment A significant boost for the EEC and Si Racha District US energy company Exxon Mobil is committed to spending roughly 330 billion baht on its ethylene cracker and refinery expansion project in Si Racha District,...

UP TO 15% PER YEAR FIXED RETURN

 

Flexible Terms

3 year investment plan, ideal for first-time investors.

Flexible Payment Options

Option to receive interest payments monthly or quarterly.