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India’s telephone network is the 8th
largest network in the world and 3rd largest amongst emerging
economies. With 32 million basic telephony lines and over
9 million cellular mobile subscribers, the network is growing
at a phenomenal rate of 22% each year for basic services
and 100% for mobile services. The 40 million cable television
network is also growing at a rate of 35%. Despite the impressive
growth figures, the telecom sector in India still has a long
way to go. With a tele-dencity of approximately 2 lines per
100 people and a national target of achieving tele-density
of 15 by 2010, this directly translates in to tremendous
opportunities for companies to invest in the telecom sector.
Mckinsey reports that revenues in the sector will reach $13
billion in 2007 for which a $22 billion investment is required.
The telephone segment has undergone extensive deregulation
liberalization and privatization since April 2001 when barriers
were lifted on such things as voice over IP, internet gateways,
satellites, international and national long distance services,
local services and mobile services.
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