Thursday, July 28, 2005
Bharati plans $ 1bn. investment in India
One of the most well known Telecom brand of India, Bharti Tele-Ventures (BTVL) has announced huge plans about expanding their position in the Indian market. The telecom major is aiming to invest around USD 1 Billion in the various services under the Airtel brand name during the current financial year. This is around a 15% improvement over the investment Bharti Tele-Ventures made last year, which came to around USD 875 million. The major part of this investment from Bharti Tele-Ventures would go into expanding the mobile business, which in return brings the brand its maximum revenues. Rest of the investment would be used for expanding the company’s fixed line telephony service. Bharti provides telephone and broadband services through this line of business and is expanding at quite a hectic pace in the Indian market. Airtel happens to be the biggest GSM based mobile service provider and it would like to continue dominating this segment of the Indian market while it faces strong competition from Hutch and Bharat Sanchar Nigam Ltd. Essar recently made big inroads into this market when they purchased BPL Mobile for a record price for this field in the history of Indian Mobile Telephony.