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Bharti inks deal with Ericsson
By agencies
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Wednesday, 14 June 2006, 19:30 IST
NEW DELHI: India's top mobile services firm, Bharti Airtel Ltd., has struck a services deal with Sweden's Ericsson for some 60 million-telephone lines over the next three years, an industry source said.
In February 2004, New Delhi-based Bharti had signed a three-year contract with telecom equipment maker Ericsson worth more than $400 million to build, manage and maintain GSM networks in several states.
Ericsson declined comment anything on this line at present.
Bharti, owned 30.84 percent by Singapore Telecommunications and Britian's Vodafone Group Plc with a 10 percent holding, added about 1.2 million GSM users in May, taking its total to nearly 21.9 million customers.
India is the world's fastest growing cellular market, with the cheapest call rates in the world - as low as 2-3 U.S. cents a minute for a local call - luring millions of customers each month.