Aircel to invest big in the Indian market

Aircel to invest big in the Indian market

Aircel Ltd, which was recently acquired by Malaysia’s Maxis Communications Bhd has announced their plans to invest big in the Indian market in the coming years. Aircel said that they are planning to invest about USD 500 million in the next three years to expand coverage in India.

Maxis chief executive officer Datuk Jamaludin Ibrahim is one of the board members of Aircel and he said in a statement that the company is aiming at expanding their services in Aircel’s two current areas, namely Tamil Nadu and Chennai.

He was cited in the media saying: “But a bulk of the investment is predominantly for the 10 new circles, five of which have been launched while the other five will be launched by the year-end.”

The investments are necessary for the company as they are aiming to establish themselves as a national player instead of a regional one in India. The company already dominates regions like Tamil Nadu and Chennai and is currently expanding their reach in other markets like West Bengal, Orissa, Assam, North-East, and Jammu and Kashmir.