Archive for October 30th, 2005

Vodafone takes 10% stake in Bharti Telecom

October 30, 2005

Bharti (Airtel brand phone services company) has been growing real fast. Today, they have 16 Million customers. Bharti became a Billion Dollar company in 2003.

Vodafone originally started in UK in 1982 as Voice (Vo) and Data services (Da) company, is the world’s largest mobile telecom services company with 165 Million customers across USA (Verizon brand), Europe and Far East.

With Vodafone taking 10% share for RS 6,700 Crores ($ 1.5 Billion), Indian mobile services market gets to be more interesting (already it is the fastest growing market in the world).

With BSNL planning to add 100 Million mobile phones in the next 18 months (thanks to the enthusiastic IT Minister), Indian telecom scene over the next 3 years will be the most exciting market to watch!