Mumbai: The UK cellular
giant Vodafone, which recently bought out Hutch in India, reportedly put its plans
its CEO Arun Sarin''s mouth is; the global telecom giant has actually worked out
plans to spend $2 billion annually to make "inroads" into what is touted
as the most dynamic telecom market in the world, as Sarin calls it.
to Sarin, who was speaking to the media in New Delhi, since Vodafone''s entry into
India, capital expenditure has doubled, and the company is now spending $2 billion
Essar, as the company is known in India, is now reportedly in talks to share infrastructure,
which will include mobile towers, with other telecom companies in India, to synergise
costs. According to Sarin, Vodafone Essar and other telecom players in India are
"looking at ways to piggyback" on each others'' infrastructure, to capture
the billions of Indians who are yet to get themselves a phone.
in India is as of June 2007 is at 19.86, leaving the largest share of the pie
for telecom players who can make it to the market in the fastest possible way.
India added 8 million
subscribers in August, according to government figures. Market penetration rates
are still below 20 per cent, and operators like Reliance Communications are investing
billions in expansion and infrastructure, especially in India''s vast rural regions.