Nokia eyes rural China wireless market

Oct 25, 2005

Nokia is reportedly moving into rural China to cash in on what the company sees as a promising market for low-cost mobile phones.

A Nokia official told the China Daily the country's urban wireless market has become saturated, but small towns and the countryside offers the potential for further growth if the price is right for consumers.

"Mobile phone subscriber growth in big cities is continuing to slow since market penetration is already high," said David Ho, president of Nokia (China) Investment Co. "However, third and fourth-tier cities are providing big opportunities for mobile operators since they are signing on a growing number of new subscribers."

Ho said Nokia was in the process of building up its sales force in smaller cities to court first-time phone subscribers.

Ho predicted that China's total number of mobile subscribers will grow from 370 million currently to 650 million by 2008.

Copyright 2005 by United Press International

Explore further: Political strategist joins car ride service Uber (Update)

add to favorites email to friend print save as pdf

Related Stories

Taiwan's Hon Hai Q2 net profit up 19 percent

Aug 13, 2014

Taiwan's tech giant Hon Hai Precision Industry, a major supplier to Apple, said Wednesday that its net profit in the three months to June rose almost 19 percent.

Taiwan's Foxconn invests in unit of S. Korea's SK Group

Jun 30, 2014

Taiwan technology giant Foxconn, the world's biggest components maker, said Monday it has invested around $365 million in a South Korean information technology service provider as it looks to diversify its business.

Recommended for you

HP sales inch up while profit drops

4 hours ago

Hewlett-Packard on Wednesday reported that its quarterly revenue was nudged up by improved computer sales, but its profit dropped as the veteran technology firm tried to renew its momentum.

Giant tablets aimed at families

5 hours ago

Costing a little more than an iPad but standing more than twice as tall, a new pair of giant tablets wants families to share cozier group experiences with technology.

Restaurants experimenting with pay-in-advance tickets

7 hours ago

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

User comments : 0