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Our Bureau

Mumbai , April 20

TATA Teleservices (Maharashtra) would be investing Rs 700 crore on network expansion, billing systems, IT infrastructure and customer care facilities during the current financial year.

This would bring its total investment in the Mumbai-Maharashtra-Goa circles to Rs 3,700 crore, said Mr Y.V.L. Pandit, Chief Operating Officer, Tata Teleservices, at a press conference here on Tuesday.

The amount would be raised partly through debt and partly through equity, the ratio of which was being worked out, he said.

The concentration is on CDMA (code division multiple access) wireless services; expansion on the company's fixed line services front would be kept temporarily in abeyance.

The company, whose service is available under the brand name of Tata Indicom, had acquired 14 per cent of net wireless additions in Mumbai from the period July to December 2003.

In due course, Tata Indicom will offer prepaid services, seamless roaming, push-to-talk services. "We are also the only service to offer closed user group facilities across wireless lines, fixed wireless lined and fixed lines.''

The company's main marketing platform would be "no hidden costs", said Mr Pandit.

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