 BSNL seems undeterred by the changed competitive scenario as it aims for the market leader position. It will invest Rs.60,000 in the next 3 years as part of achieving its target.
"We will invest over Rs 20,000 every year till 2010 for expansion, which will include laying down additional lines for GSM, WLL and broadband," Mr Kuldeep Goyal, Chairman and Managing Director, BSNL said.
Mr. Goyal said that most of the investments will come from internal accruals and the PSU will consider market borrowing only if necessary. "I don'''t think we would need to go to market at least for one year," he said.
Remember BSNL recently lost its no.3 position to Vodafone. Now it aims to regain its 3rd slot to start with.
"By 2010 we have planned to become number one GSM player with at least 33 per cent market share. The Government has a target of 500 million connections from about 240 million now. We have plans to add about 100 million new subscribers by then," Mr Goyal added. BSNL presently has 30 million subscribers and 22% market share.
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