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Aircel to foray into Bihar, HP by year-end

Our Bureau

Chennai , Nov. 23

Aircel Ltd expects to launch commercial services in Bihar and Himachal Pradesh before the end of 2006, according to a press release of Maxis, the Malaysian parent of the company. Aircel is a leading cellular phone service provider in Chennai and Tamil Nadu circles.

During the third quarter of 2006, Aircel added 371,000 net subscribers in Chennai and Tamil Nadu. "In addition, Aircel is making inroads in the North and North-East circles. In these relatively low penetrated circles, Aircel recorded 234,000 new subscribers, representing a 48 per cent subscriber growth rate," the release says.

Revenue from Indian operations' grew 20 per cent RM 247 million (Rs 303 crore) mainly due to an increase of 19 per cent or 605,000 in net subscribers (comprising 552,000 prepaid and 53,000 post-paid) to bring the total subscriber base to 3.8 million.

The "results and outlook from Indian operations are encouraging", the release says.

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