By: The Mobile Indian network, The Mobile Indian, New Delhi
Last updated : Thursday, November 24, 2016 - 12:14
The company is planning to expand its wireless broadband footprint to 20 circles by FY17.
Close on the heels of the spectrum from the last bidding round being handed over formally to successful bidders, Idea Cellular today announced its plans to rollout 4G services in nine more circles and is planning to expand its wireless broadband footprint to 20 circles by FY17.
For this year, Idea has shortlisted nearly 57,000 additional sites to enable the launch of 4G in 9 circles. The spectrum has been already acquired in the recent auction for the launch of 4G in 9 circles, which includes UP West, UP East, Gujarat, Mumbai, Bihar, Rajasthan, West Bengal, Assam and Jammu & Kashmir.
"Currently, Idea's wireless broadband network is spread across 17 circles with a population of over 880 million, with 50% of this population already covered. The company plans to achieve a network of nearly 250,000 sites and optical fibre network of 1.41 Lakh Km this FY to lay a strong foundation for futuristic mobile broadband services", the company said in the press note.
"Idea's 4G footprint, by the end of this year, will cover our key 20 circles contributing 94% of the company revenue and 90% of industry revenue. I am confident that our strengths of stable, reliable and legendary operational execution coupled with agile and adaptive work style, will keep us ahead of the curve as we move into the next phase of telecom industry revolution driven by Digital", Himanshu Kapania, Managing Director, Idea Cellular, claimed.
To fund this expansion, company is infusing Rs. 7,500 to 8,000 crore for rapid rollout of 4G network and company has spent Rs 13,000 crore to acquire spectrum in the recent auction.