Reuters | Thu Aug 25, 2005 4:12 AM ET10
NEW DELHI (Reuters) - Top mobile handset maker Nokia (NOK1V.HE: Quote, Profile, Research) said on Thursday it expected 200 million new mobile subscribers in the rapidly growing Chinese market in the next three years.
The head of the Finnish mobile firm's Networks division, Simon Beresford-Wylie, said the company also expected huge growth in mobile use in the Asia-Pacific region, but that it would have a relatively flat effect on Nokia's revenue over the next few years.
"(In) 2006 to 2008 in APAC we expect that the market will be flat to growing slightly," he told an investors' presentation in India.
"While there's huge subscription growth, the price erosion will effectively offset that."
Beresford-Wylie said Nokia expected three and possibly four 3G mobile licenses to be issued in China, most likely in the first half of 2006.
Nokia expects the global number of mobile phone subscribers to pass the 2 billion mark in the fourth quarter of this year and to reach 3 billion by 2010.