Kyocera Wireless Corp. Establishes New India-based Subsidiary
Kyocera Wireless India Aids Company's Global Expansion Strategy
SAN DIEGO - September 29, 2003 - Kyocera Wireless Corp., a leading global manufacturer of CDMA wireless phones, today announced the establishment of a new subsidiary, Kyocera Wireless India (KWI). KWI, based in Bangalore, capital of the state of Karnataka, comprises engineering and production resources in India, one of the world's fastest-growing wireless markets.
KWI is currently operating as a team of 50 engineers headed by managing director Samartha Nagabhushanam. However, Nagabhushanam intends to grow the staff quickly by combining engineering, research and development, and sales and marketing departments, thereby enabling the group to complement Kyocera's existing wireless business hubs in North America and Japan.
"The creation of Kyocera Wireless India is important because it gives Kyocera a regional wireless presence in mainland Asia, placing us strategically among several of the fastest growing wireless markets in the world," said Tsuyoshi Mano, president of Kyocera Wireless Corp. "India offers an excellent business climate and Samartha has assembled a motivated team with great expertise. KWI will help us to strengthen Kyocera as a global brand of choice in the wireless industry."
Kyocera Wireless' presence in India has been strengthened by its relationship with Indian shipping and assembly partner XL Telecom Ltd. Headquartered in Secunderabad, XL Telecom Ltd. has worked with global companies including Siemens and Corning, and has been manufacturing and supplying telecom products to wireless carriers BSNL and MTNL for the past 20 years. The current collaboration with Kyocera Wireless includes complete product approval and quality validation, technical support for Indian carriers, customer management, and exclusive operation of the company's authorized India service center network.
Kyocera Wireless Corp. already has established successful relationships with private carrier Tata Teleservices, as well as government carriers BSNL and MTNL. Kyocera recently won a tender from BSNL to provide 65,000 Kyocera 1135 handsets and 15,000 Kyocera 2235 handsets for use throughout India across various BSNL networks. MTNL awarded Kyocera a tender to provide 75,000 Kyocera 2235 handsets for use in the Delhi and Mumbai regions. India's burgeoning wireless subscriber base grew 102 percent from 2002 to 2003 and is expected to rise from 14 million to more than 120 million subscribers by 2008.
"In order to become one of the leading handset manufacturers in India, it is crucial to have a dedicated team that is in the same time zone as the carriers and one that truly understands the Indian CDMA market needs," said Nagabhushanam. "Our immediate focus is to enlist the right talent, work closely with Kyocera Wireless Corp. to build on its existing engineering strengths, and maximize all opportunities within this rapidly growing market."
About Kyocera Wireless Corp.
Kyocera Wireless Corp. is a wholly owned subsidiary of Kyocera International Inc., which acquired QUALCOMM Incorporated's CDMA consumer wireless phone business in February 2000. Kyocera Wireless Corp. is a leading supplier of innovative, feature-rich CDMA handsets and accessories for customers worldwide. Based in San Diego, the company is ISO-14001 and ISO-9001 certified and has won city, state and federal awards for its environmentally friendly manufacturing and recycling practices. For more information, please visit www.kyocera-wireless.com.
Kyocera Corporation, the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of advanced ceramics. By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of telecommunications equipment, semiconductor packages, electronic components, cameras, laser printers, copiers, solar energy systems and industrial ceramics. During the year ended March 31, 2003, Kyocera Corporation's consolidated net sales totaled approximately US$9 billion (JP¥ 1,069,770 million) with net income of approximately US$348 million (JP¥ 41,165 million).
Copyright 2003 by Kyocera Wireless Corp. Kyocera is a registered trademark of Kyocera Corp. All other trademarks and product names are the property of their respective owners.
Kyocera Wireless Corp.
phone 1-(858) 882-3543
Donovan Roche/Carla Marshall
phone 1-(619) 234-0345