Monday, May 17, 2010

3G Not Enough For Broadband Revolution: Bharti

Already in the auction of 3G spectrum is nearing completion, the market leader Bharti has expressed doubts about the qunatity at least the radio waves on offer by opening the broadband revolution in the country.

Today, Bharti Airtel Border Mittal said that "the government has been supporting the 3G would be able to meet the demand. In this way, I can not offer 3G broadband revolution. Operator is not sufficient for broadband and is unable to meet the demand for information."

At 32 day of the auction of 3G spectrum today, the entire Indian license touched Rs 16.164 crore on Monday against the basic price of Rs 3500 crore, taking the total for the third generation of radio waves of Rs 65.311 crore.

Of the individual parties, New Delhi has seen the highest bid is Rs 3,155.97 crore after Mumbai is Rs 3089.50 crore.

Mittal, who leads the retail banking group leader will lead the group on the side told the conference that Bharti would open 70 stores this year.

"We have already established a network to the north, in Rajasthan, Madhya Pradesh and NCR region. Now we are going to expand either the west or the south. This fiscal, we will open 70 new stores and five medium-sized stores," he said.

Retail growth plan for Bharti is a good deal, Mittal said, adding that "we are well on the right track expansion plan. The company has a CAPEX is $ 200,000,000 and the opening of 150 stores by 2016. We have plans to find a hypermarket of 50000 square meters."

Its DTH business Mittal said the company already has 3 million customers' satellite sector we expect better growth to continue. We are already 3-million customers, "he said.

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