Vodafone to invest $6 bn on India operations in next 3 years

Setting an ambitious target of 100 million cellular subscribers, leading private GSM operator Vodafone-Essar on Monday announced an investment of 6 billion dollars (about Rs 24,000 crore) in the next three years. "We shall be investing 2 billion dollars annually for the next three years on our Indian operations... We have set a target of reaching 100 million subscriber base from the current level of 40 million," UK-based telecom giant Vodafone's CEO Arun Sarin told reporters here today.

The Economic Times
http://economictimes.indiatimes.com/News_by_Industry/
Vodafone_to_invest_6_bn_on_India_operations_in_next_3_years/
articleshow/2716816.cms