And also Idea India now saying they will invest 2 billion dollars in expansion in the next 2 years. I get the feeling that India in the coming 5 year period is going to be spending around 30 to 50 billion dollars at least on mobile expansion projects.
http://www.expressindia.com/fullstory.php?newsid=82680
Idea to invest $2 bn in two years in India
Press Trust of India
Posted online: Friday, March 09, 2007 at 1620 hours IST
Updated: Friday, March 09, 2007 at 1622 hours IST
Mumbai, March 9: Idea Celluar, the Aditya Birla Group owned telecom company which got listed on bourses on Friday, will invest USD two billion in the next two years to compete in the booming Indian telecom market.
"Idea plans to invest approximately two billion dollars in the next two years towards network expansion," Idea Cellular CEO Sanjeev Aga said.
"The telecom sector has extraordinary promise," Aga said just after the listing of Idea here on the National Stock Exchange and the Bombay Stock Exchange.
Aditya Birla Group and Idea Cellular Chairman Kumar Mangalam Birla meanwhile ruled out any tie-up to compete with rivals like Vodafone.