Monday, August 27, 2007
Bharti Airtel aims to double tower capacity by the end of current fiscal
India’s largest mobile phone service provider Bharti Airtel has said that they are aiming to double their tower capacity by the end of this fiscal.
The company aims to have 80,000 towers by the end of this fiscal.
Sunil Bharti Mittal, chairman and managing director of Bharti Airtel said in a statement: “Last year, we doubled the number of towers to 40,000. We are now planning to double it to 80,000 to increase our coverage. These towers will be set up everywhere, especially in the rural areas.”
The company has already revealed their plans to spend $3.5 billion in 2007-08 to upgrade and expand its network to compete more effectively against rivals including Reliance Communications, Idea Cellular and Hutch.
They are also planning to join rival Reliance Communications in selling shares in the tower subsidiary to investors.
Subscribe to Posts [Atom]