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Isp You Telecom Plans Rs. 300 Crore Expansion
Interent sevice provider YOU Telecom appears to be the first to throw its hat into the ring: it has planned a Rs. 300 crore outlay for launching services in 14 new cities by the end of 2008, reports DNA. It's looking at diluting a minority stake for financing its growth plans, and the BS story seems to be something of pitch to investors. The company currently provides services to around 15 lakh customers in 12 cities; by entering new markets like Delhi, Kolkata, Chandigarh and Kochi, it intends to add 5-7 lakh new subscribers. Currently, YOU Telecom claims a ...