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Bharti is enjoying a booming demand in country where only 6 in 100 persons use mobile phones , compared with more than 25% in china and about 90% in singapore. Bharti had hoped to add one million new fixed -line subscribers ,but did not specify the time frame. Joint Managing Director Rajan Mittal told that they achieved the I million subscribers in fixed-line. They completed it in september. He said that the growth in net mobile phone subscriber additions would stay strong. Mittal said the company was on track to invest a targeted Rs 15 billion in fixed line infrastructure in 2005-2006 fiscal. He further said that over the past few months they have been adding a certain number of percentage points, and are fairly satisfied with that perfomance and are also adding their share as the market grows. Bharti holds more than a fifth of the domestic of the domestic wireless market which is equivalent to top 80 million users by middleof next year. Firm competes with rivals such as Reliance Infocomm,BSNL, and Hutch. 30.84% of bharti is owned by Singtel. Mittal said there were no ongoing talks with Singapore Telecommunications for the later to raise its stake in the firm. To raise its stake in stake in bharti Singtel has spent about $252 million to raise its stake in Bharti Telecom, to tap Indias fast-growing wireless market. Singtel has spent $10 billion in recent years buying operators in high-growth Asian Nations with fewer cell phone users, and in the bigger Australian market. Singtel owns stakes in other operators like advanced info service-thailand, globe telecom- philippines, indonesias PT Telkomsel and Pacific Bangladesh Telecom. |
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| Posted : 9/27/2005 |
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