'Telecom sector to get 5 billion USD capital investment'

Bangalore, June 21 (UNI) A capital investment of over 4.5 to five billion US Dollars is likely to be pumped into the booming telecom sector in the country in the next 24 months, Hutchison Essar Ltd Deputy Managing Director Sandip Das informed today.

Speaking to newspersons on the sidelines of the two-day fourth Annual Service Quality Conclave, inaugurated here today, he, however, declined to divulge his company's investment plan to meet the growing demand.

Mr Das said the Hutchison Group, which had expanded its footprint in Maharashtra, Tamil Nadu and Kerala by acquiring BPL mobile services, would have a substantial space in the sector. It enjoyed over 20 per cent market share in the country. More than five million new mobile subscribers were being added every month in the country and over 100 million new subscribers would be added in another 24 months, he added.

He said mobile services were no more restricted to be a communication tool, but was emerging as a strong arm as stimulator for economic activities in all spheres, giving a big boost to the growth of the telecom sector.

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