Coolpad Communications IS THE Indian Joint Venture OF Hong-Kong-listed China Wireless Technologies LIMITED
Agreement marks Coolpad formal ENTRY INTO THE Indian high-END Smartphone market
India IS Coolpad.s overseas FIRST destination, part OF GLOBAL expansion strategy
Coolpad smartphones TO be retailed IN 2300 Reliance World AND Reliance Mobile Stores across 700 cities IN India
MUMBAI, October 8, 2009 :Reliance Webstore Limited, the retail venture of Reliance ADA Group, has signed an strategic and exclusive distribution agreement with Coolpad Communication Private Limited. Coolpad Communications is the Indian Joint Venture of the Hong-Kong listed China Wireless Technologies Limited. This agreement marks Coolpad formal foray into the Indian handset market. It also marks diversification of Reliance Webstore Ltd into open market handset retailing business through its exclusive Reliance World and Reliance Mobile stores.
Coolpad's agreement with Reliance Webstore will allow it immediate market access across 700 cities in India where Reliance has its retail presence through its exclusive stores. Reliance Webstore Limited will be the exclusive distributor of Coolpad's range of handsets in India. Coolpad is one of the world's largest dual-mode handset brands. Coolpad dual-mode's unique advantage lies in the fact that it can have two SIM cards (typically CDMA+GSM) in the same handset. The company is planning to roll-out five models of Coolpad dual-mode handsets in India by December 2009.
Commenting on the agreement, Mr Sarup Chowdhary, Director & CEO, Reliance Webstore Limited said, "Our agreement with Coolpad Communications follows the successful test marketing of the brand across several cities in India. The dual-mode smartphones will leverage Reliance's nationwide presence in both CDMA & GSM services. The agreement with Coolpad is strategic to our larger participation in the Indian telecom retail sector."
Commenting on its partnership with Reliance ADA Group company, Mr Guo Deying, Chairman & CEO, China Wireless Technologies Limited said: "The partnership with Reliance ADA Group marks the commencement of our global journey. We selected India as our first global destination in acknowledgment of the fact that it offers immense potential to create significant milestones in our global expansion plans. Reliance ADA Group's success in the world's fastest growing Indian telecom sector offered a right fit for us to partner with its retail company" Reliance Webstore Limited.
China Wireless - India Joint Venture Head and Coolpad's Managing Director, Mr Sami Al-Lawati said, "Coolpad's entry into India is timed to tap India's 3G market potential as we plan to introduce 3G-enabled dual-mode smartphones in the market soon. Our partnership with Reliance Webstore Limited will help us access end-consumers in over 700 Indian cities, enabling Coolpad to drive product development in line with specific customer needs."
Coolpad's India foray is the company's first overseas venture. This is in line with China Wireless - strategy to penetrate overseas markets and take a leadership stance in the global dual-mode market segment. As part of its global outlook, the company is further expanding in the global telecommunications markets by establishing strong and strategic relationships with global telecommunications operators.
Coolpad & Reliance Webstore will roll out smartphones in the sub-8000 price-range. Besides being a high value proposition, this disruptive pricing strategy will enable Coolpad to get an instant foothold in the high-growth smartphone market as well as enable the company to escalate mass adoption of smartphones in India.
India, with its growing smartphone user base, offers Coolpad the perfect opportunity to pursue its global ambitions. Currently, 4% of the mobile phones sold in India are smartphones. The Indian smartphone market is expected to cross 20 million handsets by 2010, with nearly 50% of the volumes being contributed by business users. Moreover, India currently enjoys the unique position of being the highest growth potential economy in the global smartphone market.
As its long term outlook in India, Coolpad will focus on capitalizing on its R&D strength and expanding its high-end dual-mode smartphone market share through delivery of additional high quality and feature-rich smartphones.
About Reliance Webstore Limited :
Reliance Webstore Limited, a Reliance ADA Group company and a wholly owned retail subsidiary of Reliance Communications operates the nationwide chain of Reliance World retail stores. The stores are designed to give the customer a delightful experience of the digital world of information, communication, entertainment and utility services.
Currently, there are 232 Reliance World outlets across 104 cities in India and the network continues to expand to more locations and cities.
Besides offering the products and services of Reliance Communications, Reliance World showcases all retail offerings of the Group's brands, including Reliance Big TV DTH, Big Flix Video Rentals and Reliance Money financial services. The stores also offer a wide range of interesting and innovative products & services, beyond the Group's brands.
All Reliance World outlets are connected to Reliance's countrywide optic fibre network. The Broadband Centre at Reliance World leverages this broadband network to offer High-Speed Internet Surfing, Online Gaming, Video Conferencing, Digital Electronic News Gathering, Digital Services, eLearning, Ready-to-use Offices and many more services.
For more information on Reliance World, visit www.relianceworld.in
About China Wireless Technologies Limited :
China Wireless Technologies Limited (Listed on the main board of HKEX. Stock Code 2369) is dedicated to wireless data integration solutions with smart phones at the core. It is a professional provider of integrated solutions for smart phone sets, mobile data platform systems and value-added business operations in China.
China Wireless Technologies Limited (the "Company") was incorporated in the Cayman Islands as an exempted company with limited liability on 11 June 2002. The shares of the Company (the "Shares") were listed on the Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 9 December 2004 (Stock Code: 2369).
In the last decade, capitalizing on the development of wireless telecommunications technological know-how in wireless telecommunications across multiple wireless telecommunications network standards including paging, GSM, CDMA1X, TD-SCDMA and PHS network, the Company and its subsidiaries (the "Group") have developed a number of various proprietary technologies and patents such as operating systems, radio frequency, protocols and wireless data decomposed transmission technology. The Group has developed advanced research and development capabilities in mobile communications and gradually becomes a leader of high-end dual-mode smartphone in the global telecommunications market.