Idea Cellular to invest Rs 4,200 Crore in 3G network
Tuesday, 29 March 2011, 06:55 IST
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Mumbai: Kumar Mangalam Birla-led Idea Cellular today said it would invest Rs 4,200-crore in 3G network infrastructure, including erecting around 16,000 towers by March, 2012. A total of Rs 10,000 crore will be invested in the 3G operations which includes Rs 5,800-crore the company paid to secure licenses for spectrum in 11 circles, company Deputy Managing Director Himanshu Kapania told reporters here. Idea launched its 3G operations in 10 cities across three circles in Madhya Pradesh, Chhattisgarh, Himachal Pradesh and Gujarat today, with an unique offering that also lets users pay per minute of usage, rather than on amount of data downloaded. "We will be having 5,000 3G towers by March-end, 2011 which we plan to scale-up to around 16,000 by March-end next year. By that time (March 2012), we will cover 3,700 towns of the country," he said. The company, which controlled a 13.
Source: PTI
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