Airtel to invest eight billion dollars by 2010 on telecom in India
Airtel, GSM Service Providers, Mobile Service Providers, Telecom News March 12th, 2007
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.
Related Posts
BSNL to invest Rs 800 crore on expansion of broadband network
Tata Teleservices to invest $1.5 billion on GSM network
Aircel to invest big in the Indian market
Vodafone planning to invest USD 2 billion in India
Idea Cellular to invest USD 2 billion on expanding in India

About










Leave a Comment