Chinese telecom equipment supplier Huawei Technologies is making its presence felt in India, the world's fastest growing mobile market, by wooing telecom services providers for millions of dollars worth of network outsourcing contracts.
Huawei is near to securing from $400 to 600 million worth of networking outsourcing deals from four cellular operators with which it is in advanced stages of negotiations, the Business Standard reported Wednesday.
Sources close to the development say Huawei is close to finalizing a contract with state-owned telecom companies Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), besides Vodafone-Essar. The company is also in talks with Bharti Airtel for a similar contract.
Last week, Huawei inked a $200 million deal with Anil Ambani-owned Reliance Communications for network expansion.
Indian mobile operators, competing in the world's fastest-growing mobile market, are spending heavily to upgrade networks to provide services in smaller towns and villages.