New Delhi Sep 29 (IANS) Telecom service provider Aircel Wednesday said it would spend over $500 million to roll out its third generation (3G) service in India in the January-March quarter of 2011. 'We will launch the 3G services in the first quarter of the next year,' said Gurdeep Singh, chief operating officer. The company, which has over 45 million subscribers, expects the number to shoot up to over 75 million customers with the rolling out of the 3G services. The company has won spectrum for 13 new circles across the country, including Delhi (Metro) and Mumbai (Metro). Initially, it will launch the 3G service in top 10 cities of each circle and then cover the rest of the territories. Aircel is a joint venture between Maxis Communications of Malaysia and India's Apollo Hospital Enterprise, in which Maxis holds a majority 74 per cent stake. 
Market Watch
Wednesday, September 29, 2010
Aircel to spend $500 million for the 3G launch by 2011
8:34 PM
Sebin Santhosh
