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Mumbai March 9 IDEA Cellular will invest up to $2 billion (Rs 9,000 crore) over the next two years to expand its services, Mr Sanjeev Aga, Managing Director, said on the sidelines of the company's listing ceremony at National Stock Exchange here on Friday.

The company is working on its Mumbai and Bihar operations, which should be ready in a few months' time, he said. It has also applied for licences in several circles such as Jammu & Kashmir, Assam and the North-Eastern States, he said.

Currently, IDEA has 13 telecom licences and has 13 million customers or over 8 per cent share of the market. The company need to plump up its market share in a fast growing mobile telephony market where competition is expected to get more aggressive with the likely entry of Vodafone (when it acquires Hutchison-Essar).

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