Info-tech

Optiemus joins hands with Taiwanese firm Wistron for telecom infrastructure

S Ronendra Singh New Delhi | Updated on January 22, 2018 Published on November 24, 2015

optimus

To invest $200 m in the next five years





Telecom technology provider Optiemus Infracom and Wistron Corporation, a Taiwan-based original design manufacturer (ODM), have entered into a joint venture that will invest $200 million (around ₹1,300 crore) over the next five years.

The partners will invest in infrastructure, technologies and processes, to cater to growing Indian and global demands of telecom products such as smartphones, tablets and smart devices. The joint venture also targets to create over 15,000 employment opportunities in India over the next five years.

End-to-end solutions

The partnership aims to provide a complete end-to-end solution to global and Indian brands encompassing world class manufacturing infrastructure, distribution, retail and after sales, the two said on Tuesday.

“With this partnership, we are committed to make available world class technology products at affordable prices for global and local brands. Embarking on this new journey, we intend to emerge as one of the top three third party manufacturers in the country in the next five years,” Ravinder Zutshi, Managing Director, Optiemus Infracom, said.

Optiemus Group is a $650-million telecommunications enterprise with over two decades of experience. It sold the first mobile phone in the country way back in 1995 and has been bringing the latest technology products to the Indian consumers through its widespread distribution and retail operations.

The companies’ collective expertise in design, manufacturing, distribution, retail and after sales services will provide a holistic solution for brands in India, he said.

“We are confident that by leveraging each other’s strengths, we will be able to bring innovation and value at a faster pace to the end consumers,” Robert Hwang, President and Chief Operating Officer, Wistron Corporation, said.

Published on November 24, 2015
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