The move is aimed at enhancing its focus on expanding operations in international markets beyond India and South Asia and to further consolidate its leadership position in India, the company said.
Telecom minister A Raja had said that mobile tariffs should come down to 10 paise for local calls and for 25 paise STD calls per minute.
Within a week of the government announcing plans to auction spectrum for 3G mobile services, India's largest private cellular operator Bharti Airtel on Wednesday said it will launch the service by October next year.
With investors seeking clarity from the market tribunal SAT on Bharti Airtel's proposed mega deal with MTN, the Sunil Mittal company today said it is still in discussion with the South African firm.
Bharti Airtel said on Wednesday the government has alloted additional spectrum to the company in five telecom circles in the country. The five circles are West Bengal, Gujarat, Uttar Pradesh (west), Assam and Haryana.
The 50 million customers span mobile, broadband and fixed telephone services, with wireless segment estimated to be contributing as much as 96 per cent (47.99 million) of the total base.
Companies are awarding even more stock to make up for the lost share prices. Except that the market, in its infinite wisdom, seems to be telling India's middle class millionaires that stock is no longer a currency for compensation, says Govindraj Ethiraj.
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