Telekom Malaysia, Southeast Asia's second-biggest telephone company, said its mobile-phone venture in India will invest 140 million dollar during the next two years to expand its networks.
Spice Communications will use the investment to boost coverage of its wireless networks in the Karnataka and Punjab areas, Abdul Wahid Omar, chief executive officer of Kuala Lumpur-based Telekom Malaysia, said on Tuesday.
"These two circles have a combined population of 80 million people, which is three times that of Malaysia," Abdul Wahid said in an interview at the CommunicAsia telecom show in Singapore. Spice is seeking licenses to operate in other areas of the country, he said.
(Source: The Economic Times)
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