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Idea begins mobile services in Mumbai
Updated:2008/8/21 11:37
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Idea Cellular launched services in Mumbai, with aims of getting 20% of the city's new users over the next year and breaking even in the zone in four years, a Reuters report said. The Reuters report said India's financial capital has been a lucrative zone for telecom firms, but with more than 80% of the city's population owning mobile phones, compared with an all-India average of just 26%, the pace of addition has slowed down. Mobile subscriber numbers in the Mumbai service area rose by about 4 million in the year ending June to 14.5 million, with the population of the telecom zone estimated at about 17 million. In Mumbai, Vodafone Essar, India's No. 3 mobile firm, had a market-leading 3.7 million users as of end-June, followed by Reliance Communications, the second-largest operator nationally, with just over 3 million, the report said. The Reuters report further quoted managing director Sanjeev Aga said Idea would spend 8 billion rupees ($180 million) on its Mumbai expansion in the financial year ending April 2009. Shares in Idea Cellular were up 3.7% in a Mumbai market that was up 1.2%. Idea already provides mobile services in 11 of India's 22 telecoms service areas and has licences for the others. It had 28.2 million subscribers as of end-July. Nationally, Idea lags Bharti Airtel, Reliance Communications, Vodafone-controlled Vodafone Essar and state-run Bharat Sanchar Nigam Ltd in number of subscribers.
Source:telecomasia |
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