Aircel to invest Rs 400 cr in AP

Business Standard | March 1, 2011
To launch mobile banking with ICICI in 60 days
GSM mobile network operator Aircel, a 74:26 joint venture between Maxis Berhad of Malaysia and the Apollo Hospitals Group, will be investing Rs 400 crore in Andhra Pradesh for 2G and 3G network enhancement in the next two years, according to chief operating officer Gurdeep Singh.
“Our commitment to the Indian market is underlined by the investment of $8 billion we have made already and a further $3 billion we plan to spend in the next three years,” he said.
Announcing the launch of the company’s 3G services in the AP circle here on Tuesday, Singh said the company, which had so far invested Rs 1,100 crore in the state, was also introducing the Huawei IDEOs phone, powered by Google’s Android 2.2 platform, in the state.
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