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WWIL to pump in Rs 10 bn over 4 years

Nov 14, 2007
Nov 14, 2007 Wire & Wireless (India) Ltd plans to pump in Rs 10 billion over the next four years in a reworked business strategy. We have firmed up an investment plan of Rs 10 billion over four years. This will be mainly for acquisitions, capex and cost of acquiring digital customers, said Deepak Chandnani, CEO, WWIL. WWIL had earlier planned to put in Rs 7.14 billion over two years, earmarking Rs 3.28 billion for set-top boxes (STBs), Rs 2.21 billion towards hardware and Rs 1.14 billion for customer acquisition. WWIL has made some acquisitions including taking a 51 per cent stake in Tisai Satellite, a multi-system operator (MSO) in Kalyan, Maharashtra. We are targeting more such MSOs and independent operators, says Chandnani. WWIL has an aggressive HITS (headend-in-the-sky) plan and has signed for transponder space on Thaicom satellite. WWIL is also setting up digital headends in Bangalore, Pune, Ludhiana and Lucknow. Mail your feedback on this article to esselnewsletter@zeenetwork.com.