Nokia adds another distributor in the Middle East
By Stefan Constantinescu on Sunday, February 18th, 2007 at 9:46 PM PST In Financial/Corporate News
Prompted by the tremendous growth in mobile phone users in the country, Nokia (NYSE: NOK), a leading handset maker, have appointed UAE-based BellTel as its second distributor in Oman.
"Out present distributor here – Mohsin Haider Darwish – is doing well but the market is growing very fast in Oman thus we have decided to appoint another dealer," said Iyad Issa, Nokia Area Manager for the Middle East, during a press conference at the Barr Al Jizza Resort and Spa yesterday.
In reply to a question, Iyad stressed that there was certainly a big enough market for two Nokia distributors to co-exist in Oman. "With two operators providing services in Oman, the demand for handsets has grown in the last two years," he said.
Source: Gulfnews
So Nokia lost almost 10 points in India due to lack of supply? Hence why BellTel was called in?
Makes sense to me.
