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Mumbai:
Vodafone plans to invest two billion dollars in India
this year for expanding its business. In a clear shift
in strategy of becoming a mass telecom player in the country,
Hutchison-Essar is looking at adding over 1.5 million
subscribers a month this financial year, which would mean
an addition of 18 million customers in the year.
That
would translate in a 65 per cent growth in company''s subscriber
numbers by the end of twelve months.
The
company has recently constituted a new Board to administer
India''s third-largest mobile firm Hutch-Essar. The constitution
of the Board marks the beginning of integration of Vodafone
and its Indian partner Essar, which is hoped to be completed
by September this year.
The
new board has 12 members four from Essar and eight
from Vodafone, including two independent directors. The
company has not decided to defer changing the brand name
of its services. Vodafone is also keen on creating a platform
for infrastructure sharing.
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