TataTele to invest in Kol, Bengal, Bihar, Orissa

Kolkata, Jan 9: In a bid to increase its market presence in the eastern region, Tata Teleservices will invest Rs 1430 crore in the current fiscal in Kolkata, Bengal, Bihar and Orissa circles, Tata Teleservices COO-Kolkata Circle Abhijit Paul said her today.

Speaking to mediapersons, Mr Paul said, ''About Rs 1128 has already been invested in this region till December 31.'' The company would also invest Rs 170 crore in the Kolkata circle.

Around Rs 370 crore has already been invested in this circle till now since launch of service, he said.

''We are targeting a subscriber base of 10 lakh in 2006-07 from the current 8 lakhs,'' he said adding the company is planning to increase the market share to 13 per cent.

Talking about investment in the Kolkata circle, Mr Paul said the company is focussing on rapid growth of infrastructure. The Kolkata circle has 285 base station currently which would increased to 355.

This circle, along with Rest of Bengal circle, has huge growth potential, he said.

UNI