April 21, 2004 | Financial Express
Tata Tele sets aside Rs 700 crore for Maharashtra circle
Teleservices Maharshtra Ltd (TTML), formerly
Hughes Tele.com India Ltd, will invest Rs 700
crore for the upgradation of its network and expanding
capacity during the current financial year. This
will increase the total investment in the Maharashtra
circle to Rs 3700 crore.
The investment outlined will be a combination of debt and euity. The installed capacity will be one million lines. For the last financial year (ended March 31, 2004), the company had made an investment of Rs 600 crore.
Addressing the media, TTMLs chief operating officer YVL Pandit said plans for the current financial year include full connectivity in Goa by September and extending the companys presence to over 150 cities by June.
We are targeting a market share of 20 per cent in the overall wireless market, up from the current level of 14 per cent. For the rest of Maharashtra, we have set ourselves a target of 15 per cent, Mr Pandit said. The company provides wireline and wireless service in the circle. According to Mr Pandit, TTML has a total subscriber of base of five lakh; out of this 2.21 lakh are in the CDMA wireless category.
Mr Pandit pointed out that there were 16 franchisees at present in Mumbai which would be increased to 20. We have 2000 retail points in the city and will have an additional 1000 in the rest of Maharashtra.
Other plans on the anvil include roaming between Pune, Nasik, Kolhapaur and Aurangabad. On the way forward for the Wi-Fi service, Mr Pandit said it has been picking up slowly.