The worlds largest mobile operator with 457 million subscribers China Mobile is actively interested in operating in India, the world’s fastest growing mobile market. “We are looking at India for our expansion,” Wang Jianzhou, chairman and CEO of China Mobile, told the Business Standard on the sidelines of a press conference at the Mobile World Congress in Barcelona.
The Indian mobile market which is thriving even under these harsh economic conditions adds an approximate 10 million subscribers per month, as against China’s addition of 8 million subscribers monthly. The latest report by the Telecom Regulatory Authority of India states that India has a teledensity of 33 percent and 347 million mobile subscribers as of December 2008. The market is expected to expand to 500 million subscribers by 2010 - allowing for a lot more room to grow the market.
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