Bharti Televentures, an integrated telecom service provider, would begin operations in nine more circles for cellular phone service and the expansion would be completed by first half of the calendar year. "We are also trying to venture into international telephony as and when the government will open up the sector for private players to participate," said Rajan B Mittal, MD of BTVL.
When the company began its operations in the year 1999, it had licenses for only two circles. "We are adding nine more circles to our existing circles by mid-2002," he said. The company is also increasing the number of fixed line circles from the existing one to five by the time the expansion is over.
The company has already succeeded in attracting considerable amount of foreign direct investment (FDI) to the telecom sector in the country. The total investment made by its partners including Singapore Telecom, Warburg Pincus, IFC, AIFC and New York life insurance would cross $ 1 billion. "By the end of March this year, the international submarine cable network of Singapore telecom will be operational and this will open up new vistas in the telecom arena in the sub-continent," he explained.