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Bharti group to access US market
By agencies
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Friday, 18 February 2005, 20:30 IST
NEW DELHI:IndiaÂ’s largest private sector telecom operator Bharti group is planning to list in the US market to access capital, expand overseas and target a customer base of 25 million in the next two years.
"We rely with the best in the world, whether it is technology, whether it is service providers, strategic partners -- we seek global capital, we will go to the markets to get more money, both equity and debt. We are planning to list ourselves in the American markets. But our vision is to be globally admired for providing telecom services", Sunil Mittal, chairman, Bharti group told CNN on its 'Talk Asia' program.
"On the ground our operations are in India. We believe we are in a country where the growth is still to be captured, so we will remain reasonably focused in this country", he said.
Mittal said Bharti is targeting a customer base of 25 million in next two years.
"We have to manage growth; we will be a 25-million customer company in two years. There are only six companies in the world which have 25 million customers or more, and when I compare myself with those companies we are rather modest and tiny in size and resources", he said.