ZTE Beats Huawei in Race to Form a Joint Venture with India's Largest Telco

From Business Standard:

"Telecom vendor Huawei Technologies has lost out to another Chinese equipment vendor, ZTE Corporation, in the race to form a 50:50 joint venture with Bharat Sanchar Nigam Ltd for manufacturing CDMA mobile handsets and fixed wireless terminals."

"BSNL has already initiated talks with ZTE to work out the modalities of the joint venture and the details would be announced soon, the executive said. The deal would involve technology transfer as well as transfer of machinery.

To begin with, the JV would include the manufacture of a million CDMA-based mobile handsets and an equal number of fixed wireless telephones (FWTs). Company executives confirmed that the JV would initially manufacture from BSNL's unit in Kolkata."

China Net Investor: Bharat Sanchar Nigam Ltd. (BSNL) is the No. 1 telecommunications company and the largest public sector undertaking of India