Aircel eyes 100 mn subscribers, to deploy Rs 8,400-cr in ops

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MUMBAI: Telecom operator Aircel Ltd on Thursday said it plans to deploy Rs 8,400 crore to accelerate its expansion in India and more than double its
subscriber base to 100 million over the next two years.

Aircel, which is 74 per cent owned by Malaysia's Maxis Communications Berhad, wants to expand its presence in five new telecom circles in India's fast-growing wireless communications market.

India's fifth largest GSM mobile operator today agreed to sell its telecom tower assets to GTL Infrastructure Ltd for Rs 8,400 crore in an all cash deal.


Aircel eyes 100 mn subscribers, to deploy Rs 8,400-cr in ops- Telecom-News By Industry-News-The Economic Times

 

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NEW DELHI: Telecom service provider Aircel said it plans to invest $1.4 billion (over Rs 6,474 crore) this year to expand its operations and become
a pan-India GSM operator by June.

“We plan to invest $1.4 billion this year for expanding our networks and on existing operations. By June 2010, we plan to have operations in all 23 telecom circles in the country,” Aircel chief operating officer Gurdeep Singh said.

Talking about the company’s future investment plans, Mr Singh said Aircel will invest another $2.6 billion in the next two years (2011 and 2012).

Currently, the telco operates in 18 telecom circles across the country. It plans to launch its service in the remaining circles of Haryana, Madhya Pradesh, Rajasthan, Gujarat and Punjab by June, making it a pan-India operator.

Aircel charts $1.4 billion expansion- Telecom-News By Industry-News-The Economic Times