Wavefront, Canada’s wireless center of excellence for commercialization and
research, and the Cellular Operators Association of India (COAI) have signed an
agreement that will facilitate and accelerate the flow of wireless business
between the two countries.
India has over 601 million active mobile subscribers generating $38.2 billion
in revenues. It presents a significant market opportunity for Canadian
technology and service providers. The COAI represents India’s major cellular
operators, infrastructure and service providers. The two organizations
will work together to develop and promote strategic business and partnering
opportunities.
“This is a opportunity for technology and service providers in British
Colombia – and the rest of Canada – to tap into the world’s fastest-growing
wireless market that will continue its rapid expansion due to the huge growth
in India’s middle class,” Premier Christy Clark said.
“Our government’s $5-million investment in Wavefront’s Vancouver
facilities has already provided early-stage wireless companies with
comprehensive research and commercialization support to boost British
Colombia’s world-class industry,” Clark added.
Wavefront’s agreement with COAI has opened the doors for Canadian startup firms
to make connections in India and deals of their own that will benefit the
industry in both jurisdictions.
This agreement with COAI will provide Canadian companies with the insights and
introductions required to navigate a complex market and effectively capitalize
on the large and growing market opportunities in India,” said Wavefront
CEO and President James Maynard.
We are looking forward to working with Wavefront to provide a bridge between
the members of our organizations and develop mutually beneficial trade and
business opportunities between the two countries,” said Rajan S Mathews,
director general of COAI.
By Telecomlead.com Team
editor@telecomlead.com
