Tata Indicom subscriber base crosses 18 mn mark

Mumbai, July 23 (UNI) Wireless mobile service provider Tata Indicom has crossed 18 million subscribers.

Tata Indicom added close to 7.6 million subscribers in the last fiscal, resulting in a year on year increase of 86 per cent in its total subscriber base.

The mobile wireless service has registered a compounded annual growth rate (CAGR) of 112 per cent.

''The customer response to our network campaign, ongoing tariff innovations, value added services like mobile internet, radio and the wide range of our handsets, has been very encouraging,'' said Ashok Sud, President (Corporate Affairs), Tata Teleservices Ltd.

A capital expenditure of over Rs 4,000 crores has been earmarked for expansion of its network during the year 2007-2008.

UNI