Handset market pegged at Rs 12,000 crore

Category: Phones | No Comments | Posted on November 5, 2005

The present mobile handset market size in India is pegged at Rs 12,000 crore ($2.5 billion approx). The emergence of the sub-2K handset is expected to drive market expansion, at a time when operators are expediting network rollouts in rural circles where low tele-density levels at 1-5% are way below the 9.5% national average.

Even as India’s 70 million-strong mobile market adds 3 million subscribers each month, “over 65% of all mobile phones in circulation are in the sub-Rs 4000 price range, cutting across brands,

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