Plintron, a global leader in Cloud Communications Solutions, today announced its major expansion plan into the Asia Pacific region focused on China.
The Mobile Virtual Network Operators (MVNO) licenses in China were awarded for the first time in 2014 with the twin objectives to increase investments and to drive prices down especially in the rural areas. Since the award of the licenses, the MVNO market has already seen a rapid rise to 20 million customers from 2 million during 2015, showcasing 10X growth. With China having the world's largest mobile subscribers' base, China has further demonstrated their leadership mantle compared with high potential telecom markets by opening up MVNO business and has realized immediate success.
Mohan Kumar Sundaram, Co-Founder and Chairman, Plintron said "Following our resounding success in Hong Kong and Australia, we are delighted to expand our MVNA Offering (Cloud Communication Solutions) to China. As an industry pioneer, our investment of 400 Million Yuan on Cloud Communication Technology will help revolutionize the MVNO market in China"