India’s GTL Infrastructure today said it would take over the tower assets of Malayasian-controlled Indian mobile phone operator Aircel in a deal that is expected to herald consolidation in the country’s vast cellular tower sector, according to a Financial Times report.
Newly-listed Malaysian mobile group Maxis Communications is to pump billions of dollars into its Indian subsidiary, Aircel, over the next few years. The group is also understood to be looking to invest in fixed-line broadband infrastructure in its home market
TeleGeography reports that Indian operator Aircel is aiming to increase its subscriber base to 50 million by the end of next year. The operator, which had 25.7 million subscribers at end-September 2009, is also hoping to reach the 30 million mark by end-2009.
Indian operator Aircel plans to double its subscriber base this year and invest US$5 billion in its network over the next three to five years, reports India’s Economic Times.