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Tatas to invest $2 bn to expand telecom biz

Tatas to invest $2 bn to expand telecom biz
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First Published: Sun, Aug 10 2008. 01 04 PM IST
Updated: Sun, Aug 10 2008. 01 04 PM IST
PTI
Agra: Tata Teleservices has unveiled plans to invest $2 billion (over Rs8,000 crore) to expand telecom business over the next couple of years, with a major chunk to go in for roll out of GSM mobile services in the country.
The company, which currently offers mobile services on the CDMA platform, is planning to launch the service by the end of this year, but is concerned about the slow pace of spectrum allocation by the government.
Tata Teleservices Managing Director Anil Sardana told PTI that over the next two years, the company will be putting in $2 billion into its telecom business, with a major portion going into setting up of a nationwide GSM network.
“We are rolling out the network very quickly wherever we have been given spectrum so far,” he said. The company has received spectrum in five circles, even though it had applied for a pan-India allocation.
He said the delay in allocation in other circles was putting the company at “competitive disadvantage” as its arch- rival Reliance Communications has already done a soft launch of GSM services last week.
“We do understand that there are security concerns in some of the states/circles where spectrum cannot be allocated,” he stated.
“But wherever it is available there should not be any delay as the government had earlier announced in January this year that enough spectrum is available in most of the circles to accommodate all the new players as well to meet the needs of the existing operators,” he added.
On the recently announced 3G policy, he said there was no clear roadmap for the CDMA operators and the matter has been taken up with the government, which has assured the players of looking into their case.
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First Published: Sun, Aug 10 2008. 01 04 PM IST
More Topics: Tata Tele | Investment | GSM | CDMA | Mobile |