Nokia forecasts 500 million mobile phone users by 2010

Nokia, world’s leading mobile phone supplier expects India’s
mobile phone user base to surpass 500 million mobile phone users by
2010. The company predicts that 60 million users will have mobile video
capability and 100 million will prefer mobile music services.

D Shivakumar, vice president and managing director of Nokia India forecasted that half the number of subscribers will access the Internet through mobile phones.

He further said
“Services provided through mobiles will open a window of opportunity
for advertisers in the country. The market will get divided into three
sections: the top-end limited to some 50 million customers, the
mid-range comprising around 150 million subscribers, and the third
tier, claiming to be unique to India, dominated by low-cost basic handsets with minimal functionality.”

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