Online edition of India's National Newspaper
Wednesday, Feb 14, 2007
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Online edition of India's National Newspaper Wednesday, Feb 14, 2007 ePaper |
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Business
SUCCESS STORY: Chief Executive Officer of Vodafone, Arun Sarin (right), with the Indian Minister for Communications and IT, Dayanidhi Maran, during a meeting on the sidelines of the 3GSM congress in Barcelona on Tuesday. BARCELONA: Within a day of acquiring India's fourth largest mobile operator Hutch-Essar, Vodafone's CEO Arun Sarin on Tuesday met Communications and IT Minister Dayanidhi Maran here and is understood to have briefed him about the company's future plans in India. The meeting between Mr. Maran and Mr. Sarin lasted for about 25 minutes. "This is just the beginning,'' Mr. Maran said, commenting on the Hutch-Vodafone deal. "India's telecom growth story is really interesting. Once the tele-density crosses 25 per cent, the growth curve will become even steeper,'' he said. Mr. Maran hoped that the number of mobile users in India, which is currently 150 million, would touch 250 million by end of 2007 and 500 million mark in the next three years (by 2010). Meanwhile, amid the confusion over whether or not Essar would continue in mobile venture Hutch-Essar, Vodafone said it was for the Indian conglomerate to decide, though it would be offered the same terms as given to Hutchison Telecom. "In couple of weeks an identical offer will be made to Essar as we paid the price to Hutchison Telecom... Now if they (Essar) want liquidity they may sell but my great hope is that they stay in the business,'' Mr. Sarin said.
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