Finance HomeNational
Aircel signs $400-mn deal
Monday, October 13, 2008 19:45 [IST]

New Delhi: Chennai-based telecom operator Aircel, owned by Malaysian operator Maxis, has signed a deal with Chinese infrastructure vendor ZTE worth $400 million for expansion of its GSM coverage, the Chinese firm said Monday.

Malaysia's largest telecom operator Maxis has a majority stake in Aircel, which has an estimated 13.6 million subscribers.

"It is a great opportunity for us to be selected by Maxis to help enhance the GSM network of its subsidiary in India, one of the fastest growing telecom markets in East Asia,” ZTE said in a statement.

Aircel has 10 operational networks running in India, with another 11 planned.

ZTE's GSM equipment is now deployed by over 60 operators in more than 50 countries worldwide, resulting in the installation of mobile capacity exceeding 150 million lines.

 


Source : ians

 Post Your Feedback   
Name
Email ID
Comments
 Other Features
News today
Press Releases
Stock Research
Market Tools
Print this page
Mail this page
Archives

  
More Finance News
CNN pitches newspaper wire to US...
Wall Street falls amid economic...
Barclays Cap to re-enter equity
Decline in exports is regrettable
London Scottish Bk files for...
SKorea's airlines to slash...
GMR to supply 200 MW power to BES
Tilaiya UMPP developer finalisation...
Nomura cuts GDP growth projection...
IndiGo to launch new flights
Travel agents decide not to sell
NRI exporters income in India...
Punjab International Trade Expo
Honda car sales up 15 pc
NATRiP to invest Rs 1,718 cr
HDFC Bank expects rupee to go down
Capital goods stocks down 3.79 pc
Tata Steel board to meet tomorrow
Country Club announces Rs 1-cr
SBI adjudged best bank in 2008
RIL seeks LNG to test East-West...

    WORTH A CLICK
  Sarees
Baby Clothes
Jewellery
Bluetooth Headsets
Health & Fitness