British telecom giant Vodafone's multi-billion dollar bet on India through its acquisition of Hutch-Essar may soon bear fruit with analysts predicting that the country could emerge its largest market within one year.
On the back of continuing surge in the number of mobile users, India is likely to soon surpass Germany and the US as Vodafone's biggest market in terms of subscribers, although the company might fail short of its target of becoming number one mobile player in the country.
According to Macquarie Research, Vodafone's subscriber base in India is expected to rise to about 38 million by the end of 2007, from Hutch-Essar's current base of 25.3 million.
Vodafone had reached a deal last month to acquire controlling stake in Hutch-Essar, which it plans to rename as Vodafone Essar, for about 11.1 billion dollar in cash, while it has also announced an investment of two billion dollars in the next couple of years.
Courtesy : Expressindia.com
On the back of continuing surge in the number of mobile users, India is likely to soon surpass Germany and the US as Vodafone's biggest market in terms of subscribers, although the company might fail short of its target of becoming number one mobile player in the country.
According to Macquarie Research, Vodafone's subscriber base in India is expected to rise to about 38 million by the end of 2007, from Hutch-Essar's current base of 25.3 million.
Vodafone had reached a deal last month to acquire controlling stake in Hutch-Essar, which it plans to rename as Vodafone Essar, for about 11.1 billion dollar in cash, while it has also announced an investment of two billion dollars in the next couple of years.
Courtesy : Expressindia.com