Indian Market Grows 20%

9:25 AM -- India's telecom equipment market grew by 20 percent to be worth 1,145 billion Indian Rupees (US$24.4 billion) in the 12 months ended March 2009, according to CyberMedia India Online's magazine, Voice&Data.

Nokia Corp. (NYSE: NOK)'s domination of the Indian handset market (a 64 percent market share) made it the biggest supplier of telecom equipment by revenues, with total sales of INR165.7 billion ($3.53 billion), according to the magazine, which counted the value of telecom hardware and software sales to carriers and enterprises in its survey.

In second spot was Ericsson AB (Nasdaq: ERIC) with revenues of INR103.1 billion ($2.19 billion), then Nokia Networks , which generated IR98.4 billion ($2.09 billion) in sales.

The survey placed Alcatel-Lucent (NYSE: ALU) in fourth place with revenues of INR80.5 billion ($1.71 billion), followed by Huawei Technologies Co. Ltd. with INR62.4 billion ($1.39 billion). The Chinese vendor hadn't featured in the magazine's annual survey before, but, according to Voice&Data, increased its revenues in India by 131 percent to take fifth place.

Fellow Chinese vendor ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) was the other big riser, boosting its Indian revenues by 60 percent to INR48 billion ($1.02 billion) to move up to seventh place (from tenth a year earlier). IT services and software firm Wipro Ltd. (NYSE: WIT) was the sixth largest vendor by revenues.

The final three places in the top 10 were taken by Cisco Systems Inc. (Nasdaq: CSCO) -- which saw its revenues dip by 7 percent to INR46.9 billion ($1 billion), according to the survey -- Tata Consultancy Services Ltd. in ninth place, and Infosys Technologies Ltd. (Nasdaq: INFY) in tenth.

— Ray Le Maistre, International News Editor, Light Reading

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