Wednesday, February 24, 2010

Aircel plans USD 1.4 billion investment this year

New Delhi, Feb 24 (PTI) Telecom service provider Aircel today said it plans to invest USD 1.4 billion (over Rs 6,474 crore) this year on expanding its operations and become a pan -India GSM operator by June.

"We plan to invest USD 1.4 billion this year for expanding our networks and on existing operations. By June 2010, we plan to have operations in all 23 telecom circles in the country," Aircel Chief Operating Officer Gurdeep Singh told PTI.

Talking about the company's future investment plans, Singh said Aircel will invest another USD 2.6 billion in the next two years (2011 and 2012).

At present the telco operates in 18 telecom circles across the country. It plans to launch its service in the remaining circles of Haryana, Madhya Pradesh, Rajasthan, Gujarat and Punjab by June, making it a pan-India operator.

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