MUMBAI: Nokia leads the Indian telecom equipment market with the highest revenue of Rs 12,929 crore in FY 2010-11, according to an annual survey by telecom industry journal Voice&Data.
The other players in the top 10 telecom network equipment majors include Cisco, Nokia Siemens Networks, Ericsson, Wipro, Samsung, Huawei, Tech Mahindra, TCS and ZTE.
The survey 'V&D 100' covered over 500 telecom companies in India spanning carrier equipment, enterprise communication equipment, and user device manufacturers.
According to the survey the revenues of the Indian telecom equipment industry have plunged by 2.52% to Rs 1,17,039 crore in a year, when the telecom industry was expected to bloom with 3G licenses.
Voice&Data group editor Ibrahim Ahmed said, Riding on the entry into the 3G era, 2010-11 promised to be a great year for the telecom industry but it recorded a negative growth of 2.5% to report revenues of Rs 1,17,039 crore. The telecom infrastructure industry failed to bag orders in view of the security concerns raised by the government....