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Tata Teleservices Ltd. is all set to go for a domestic GSM launch by the end of January. TTSL said that new entrants to India’s already crowded GSM market will likely face challenges in gaining subscribers and market share. Tata’s Managing Director, Anil Sardana, said, the company is a long term player in a market which is adding more than 8 million users a month.
Tata Teleservices plans to use part of the funds raised from the sale of a 49% stake in its tower arm for its GSM operations, in which the company intends to invest about $2 billion, added Sardana.
“All equipment has been ordered for all circles. Transmission is ready for all circles. Orders have been placed with NSN (Nokia Siemens Networks), Huawei (Technologies Co.) and ZTE (Corp.), for core telecom equipment, and NEC (Corp) for transmission,” Sardana further said.