Company Press Release:
Tata Indicom records CAGR of
113%
Tata Indicom
adds 9.2 lakh mobile subscribers in March’08;
crosses 24-million
New Delhi, April 28, 2008: 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
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 future as well in line
with growth so far”, he added.
Tata Indicom
strives to not only add value to their offerings but also combine it with
seamless technology. To achieve the same, the company has been continuously
enhancing their portfolio of products and services along with introducing new
technology to ensure customer satisfaction. The company has to its credit the
introduction of several attractive bundled offers and innovative tariff plans,
well ahead of the rest of the industry. This is of significance, considering
that GSM operators are now emulating the trend that was set by CDMA players.
Other key initiatives which contributed to this fast pace
growth include the introduction of a wide range of handsets targeted at a
variegated cross-section of customers, extensive expansion in touch points
through an enhanced retail presence, and the launch of a new brand campaign
highlighting the many strengths of TTSL’s
next-generation and robust network.
About Tata Teleservices Ltd:
Tata Teleservices
is one of