Aircel to invest $4-5 Bn to beef up network in India
By
IANS
Kolkata: Malaysia based leading telecom services major Maxis Communications plans to invest $4-5 billion by 2010 to strengthen its network in India, a top company official here said.
"We will invest $4-5 billion in the Indian market by 2010. The investment will be made to beef up our pan-India presence here," Maxis Communications CEO Sandip Das told reporters while launching Aircel's GSM mobile service Monday.
He said the total amount would be invested through debt and equity.
Maxis Communications holds 74 percent share in Aircel Cellular, which operates in 10 telecom circles in India, and Apollo Hospitals Enterprises Ltd controls the remaining part of the mobile operator.
"We will build 15,000 more towers in 2008-09 to expand Aircel mobile network across the country. All these towers would be developed with an investment of $1.6 billion. Presently we have around 7,000 towers in India," Das said.
"Aircel has over 10.8 million customer base and about 18.2 percent of market share in the country. The company has also posted a revenue of $500 million in 2007," Aircel chief operating officer (COO) Gurdeep Singh said.
"We are expecting to double this turnover by 2009," he said, adding that Aircel also has plans to launch BlackBerry services in a couple of months.
"We will invest $4-5 billion in the Indian market by 2010. The investment will be made to beef up our pan-India presence here," Maxis Communications CEO Sandip Das told reporters while launching Aircel's GSM mobile service Monday.
He said the total amount would be invested through debt and equity.
Maxis Communications holds 74 percent share in Aircel Cellular, which operates in 10 telecom circles in India, and Apollo Hospitals Enterprises Ltd controls the remaining part of the mobile operator.
"We will build 15,000 more towers in 2008-09 to expand Aircel mobile network across the country. All these towers would be developed with an investment of $1.6 billion. Presently we have around 7,000 towers in India," Das said.
"Aircel has over 10.8 million customer base and about 18.2 percent of market share in the country. The company has also posted a revenue of $500 million in 2007," Aircel chief operating officer (COO) Gurdeep Singh said.
"We are expecting to double this turnover by 2009," he said, adding that Aircel also has plans to launch BlackBerry services in a couple of months.
- Firms now resort to legal help for lay-offs
- India ranks fourth among top ten internet users
- Mumbai attack to hit business visits from U.S.
- FIIs pull out 77 percent of last year's investment
- Terror puts India among 20 most dangerous places
- Bangalore IT firms offer help to combat terror
- India ranks tenth in spam generation list
- Time to show we are Indians first: PM
- Students protest Wipro recruitment in West Bengal
- TCS focuses SME sector to offer ITaaS
- Terror puts India among 20 most dangerous places
- Mumbai terror: IT clients cancel Bangalore visits
- 'Terrorists have no religion', Aamir Khan
- Expatriate CEOs still feel safe in Mumbai
- Online media comes alive during Mumbai attacks
- Karnataka firms seek licence for modern weapons
- Deccan Mujahideen email threatens Delhi
- MNCs pay more to Indian staff
- Future CEOs may emerge from HR departments
- 'IT industry raised India's international image'




