NEW DELHI, INDIA - Wavefront, Canada's Vancouver-based wireless centre of excellence for commercialization and research started with a $5-million investment by the B.C. government, has signed an agreement with the Cellular Operators Association of India that will facilitate and accelerate the flow of bilateral wireless business, Premier Christy Clark announced today.

"India has over 601 million active mobile subscribers generating US $38.2 billion in revenues, and has the highest subscriber growth rate in the world. It is the world's second-largest wireless market in terms of mobile connections. The COAI represents India's major cellular operators, infrastructure and service providers. The two organizations will work together to develop and promote strategic business and partnering opportunities.

"This is a tremendous opportunity for technology and service providers in B.C. - and the rest of Canada - to tap into the world's fastest-growing wireless market that will continue its rapid expansion due to the huge growth in India's middle class," Premier Clark said.

"Our government's $5-million investment in Wavefront's Vancouver facilities has already provided early-stage wireless companies with comprehensive research and commercialization support to boost B.C.'s world-class industry. Now Wavefront's agreement with COAI has opened the doors for these startup firms to make connections in India and deals of their own that will benefit the industry in both jurisdictions . . ."