GREY:CTORF - Post by User
Post by
warrenbuffet99on Dec 18, 2001 2:44pm
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Post# 4537763
Sonus Opens in China
Sonus Opens in ChinaSonus Opens In China
By boston.internet.com Staff
Sonus Networks (NASDAQ:SONS), a Westford, Mass., maker
of telecommunication equipment, has opened an office in Bejing
and signed a partnership with Chinese systems integrator Photonic
Bridges.
"We are seeing a great deal of interest among Chinese service
providers for next-generation voice solutions such as those offered
by Sonus, particularly because carriers can build out their
infrastructure and deliver a wide range of services much more
easily and cost-effectively than with legacy circuit equipment," said
Gary Rogers, a Sonus vice president.
Sonus' new direct operations, led by former Juniper sales
executive Michael Li, will serve a rapidly growing market,
including new high speed network operators as well as established
service providers.
According to the China Ministry of Information Industry, China has the second largest telephone system in the world with
approximately 172 million fixed line subscribers, and an estimated growth rate of approximately 38 percent per year for the
next 10 years.
The penetration of voice over Internet protocol in China is also expected to increase. Probe Research estimates that the
number of VoIP minutes of use originating in China will grow from 7.3 billion minutes in 2001 to more than 250 billion
minutes in 2006.
Shares of SONS shot up 0.94, or 20 percent, to 5.49 on the news. In the last 52 weeks, the issue has ranged from 2.25 to
46.5.
December 18, 2001