Tata Indicom records CAGR of 113%
Tata Indicom adds 9.2 lakh mobile subscribers in March'08; crosses 24-million Mobile subscriber
Mumbai, Maharashtra, IND, 2008-04-28 19:12:05 (IndiaPRwire.com)
Setting a new record in the telecom sector, Tata Indicom, India's youngest and fastest-growing
pan-India wireless mobile telecom service provider, announced that it has added 9.2 lakh mobile
subscribers in March 2008 - highest additions by the company; standing with 24.3 million mobile
subscriber base. Currently, with a 9.46% market share for the month, Tata Indicom has
achieved substantial market share in key telecom markets such as Delhi, Kolkata, Rajasthan, Orissa
Tata Teleservices Ltd (TTSL) continues to register the highest Compounded Annual Growth Rate
(CAGR) at 113% adding over 9.2 lakh mobile subscribers in March 2008 as compared to 8.6
lakh mobile users in February 2008. This is the sixth consecutive month for Tata Indicom when it
maintained its 9% + market share.
Commenting on the landmark achievement, Mr. Anil Sardana, MD & CEO, Tata Teleservices said,
'The growth rate maintained by Tata Teleservices is remarkable reflecting the trust and confidence
enjoyed by Tata Teleservices nationally. In the shortest span of 4 years, we have been able to
achieve this significant position through our focused customer offerings and by winning customer
loyalty. Having achieved so much in so little time gives us renewed energy and encouragement to
strive further in achieving more such landmarks.'
'Despite many initial constraints, Tata Indicom continued to surpass industry growth rates and has
consistently introduced path-breaking offerings. This remarkable achievement bears testimony to
the never-failing spirit of all TTSL employees, management, our channel partners and customers.
We look forward to an exponential growth plan entering into new geographies and new technology
space. We are confident of maintaining this growth momentum in...