Look Who's Making It

Updated on: 7 February 2024 7:01 pm

Raising the Moolah	The Plan

Tata Teleservices Rs 1,500 crore	To invest Rs 2,500 crore in the current financial year to increase coverage from eight to 20 circles. Has already raised Rs 1,000 crore.
Reliance Infocomm Rs 5,000 crore (estimated)	To increase coverage from 1,100 cities to 5,000 this year. Plans to launch consumer broadband services in 2005.
Bharti Televentures 200m share ADR ($700 m approx)	To increase footprint from 16 to 23 circles and 2,300 cities by year-end. Raised $100 m in foreign currency bonds in April.
Hutch Rs 4,500 crore (est) ($1 billion)	Expansion and new rollouts, refinance old high-cost debt and feed the recent Aircel acquisition.
Idea Cellular Rs 4,500 crore (estimated)	Refinance old debt to reduce interest burden and invest in new circles acquired through Escotel acquisition.