Indian Billionaire Plans to Bring Shenzhen Mobile Brands Overseas
Billionaire Bhupendra Kumar Modi plans to bring two Shenzhen mobile phone brands to developing markets overseas. The 63 year old chairman of Spice Group is looking to cooperate with Shenzhen mobile brands in a bold attempt to explore fast growing markets in Asia, Africa and the Middle East.
No stranger to Shenzhen Modi, he was the one responsible in bringing the GSM network of telecom giant ZTE to India in 2005, thus becoming the first Indian who introduced a Chinese telecom operator to India. He currently owns two restaurant businesses in Shenzhen and a house.
Modi is now in talks with senior executives of two Shenzhen mobile phone brands and both brands are showing interest in the idea. Although the names of the two companies were not revealed, both companies are among the top five mobile phone brands in China. Modi plans to integrate the Shenzhen brands into his S network which is one of the local players in the fast growing mobile phone market in India. The Shenzhen brands will join other brands from Thailand, Indonesia and Malaysia which Modi’s company have acquired in two years.
Although 2G technologies is almost replaced with the advanced 3G technologies, Modi is confident of the future of 2G in his planned target markets. Modi said that you can send, e-mail, browse social networks and play games using 2G. 3G is indeed faster and speedier but it’s more expensive to use that is why 2G still dominates in India, Indonesia and Thailand.