Airtel to invest eight billion dollars by 2010 on telecom in India

Airtel to invest eight billion dollars by 2010 on telecom in India

Vodafone and Idea have said in separate statements that they are planning to invest as much as USD 2 billion in the Indian market in the next two years.

Market leader Airtel has responded to these claims by saying that they themselves are planning to put in eight billion dollars by 2010 in the Indian market.

The company is aiming to have a 25 per cent market share. Bharti Group Chairman Sunil Mittal said in a statement: “By 2010, estimates are that India will have a subscriber base of 400-500 million. Bharti strives to retain up to 125 million or 25 per cent of the market.”

This kind of investment would be necessary for the company to stay competitive in the sector which now has a presence of British mobile giant Vodafone.