India's Reliance Seeks 100 Million Subscribers by Year-End

India's Reliance Communications has set itself a target of breaking the 100 million subscriber mark before the end of this year - requiring an additional 25 million new customers to sign up to its network. The firm reported a surge in subscriptions following the launch of its GSM network, which overlays its existing CDMA service.

"We have a goal," he told the Financial Times. "We should have 100m customers before the end of the year. That will take us into the top five in the world."

The past three months, the company added 11.3 million new customers, of which nearly 9 million are using the newer GSM network. However, competition is heating up in the country as new networks start operations this year, some backed by the likes of Russia's MTS, Japan's DoCoMo and Norway's Telenor - all of whom are planning multi-billion dollar network expansion plans.

On the web: Financial Times

Posted to the site on 27th April 2009