NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, September 10, 2004

“Developing countries are playing a more important role in the prospects of cellular gear makers. The No. 1 GSM handset maker Nokia on Thursday boosted both its revenue guidance and forecast for phones shipped during the third quarter, thanks partly to share gains in emerging markets. Telecom gear makers are lining up to supply developing markets. In the last year, Ericsson and Nokia announced new lines of low-cost GSM gear. Nortel recently said it too will focus more on developing markets for wireless gear sales. And Lucent announced several contracts to supply CDMA networks to developing countries.” Read full article here.