labels: telecom, marketing - general
UniverCell launches stores in Bangalorenews
20 August 2007

Bangalore: Chennai-based mobile phone retailer UniverCell has set up seven stores in Bangalore.

The company is targeting a turnover of Rs700 crore for the current financial year, and is looking to ramping up to a pan-India presence in the coming two years.

UniverCell has 42 stores in Tamil Nadu, and sells around 40,000 handsets a month. It has planned 100 stores in south India by the end of September 2007.

The company claims a tally of 15 lakh customers, and posted a turnover of Rs120 crore in '07.

It is said to be in talks with private equity funds for investment to fund its accelerated expansion plans.

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UniverCell launches stores in Bangalore