Chinese multinational networking and telecommunications equipment and services company Huawei has officially entered Nepal’s market on Tuesday, February 4, 2014. The company held the launching program in the country’s capital, Kathmandu.
Li Ji, the representative of Huawei during the launching program said that the company in partnership with Nepal Telecom – which is the state-owned telecommunications service provider – has the potential to make great and positive changes for the citizens of Nepal. Wu Chuntai, the Chinese ambassador to Nepal said that in the 21st century, communication is important for productivity and growth of a country.
Wu said, “The cooperation between Huawei and Nepal Telecom will bring benefits to telecommunications consumers as well as boosting Nepal’ s economic development”. The mobile penetration of the Nepal Telecom Authority has reached 72.58 percent in the country. Moreover, the Internet penetration in Nepal rose to 27.92 percent, from the previous 19.92 percent.
Out of 7.3 million Internet subscribers in the country, 6.9 million use Internet on their mobile devices. The popularity of smartphones is increasing in Nepal on a daily basis, as consumers are demanding Internet connection on-the-go. Meanwhile, the established vendors will have to maintain their portion of large Nepalese market share as Huawei provides similar products at a lower cost.
Photo Credits: Nepal News