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Malaysian mobile group Maxis Communications is preparing to invest billions in its 74%-owned Indian subsidiary, Aircel, over the next few years. The company expects to hit 50 million connections in total this year with Aircel, which is only the seventh-largest mobile operator in India.
Large portion of Maxis’ investment will go in infrastructure as Aircel completes a national network of communications towers. India keeps adding about 10 million new mobile subscribers a month and much of the new additions come from rural areas, which Aircel plans to cover with the network expansion.
Aside from India, Maxis group has about 11.5 million subscribers in Malaysia and 6 million in Indonesia. Earlier in November, the company raised $3.3 billion via an IPO, offering 30% stake to investors.
[Via: GSMA]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
