TATA Indicom emerges as the fastest growing telecom company, registers maximum increase in market share: TRAI Data

Company Brief

Mumbai, September 06, 2007

India’s youngest pan-India wireless services operator, Tata Indicom has emerged as the fastest growing wireless operator as per the latest data published by TRAI for the year ending March’07. Tata Indicom registered a remarkable increase in its market share from 3.53% in March ’04 to 9.7% by March ’07. On the other hand, almost all the other players registered a decline in their market share in the same period.

Commenting on the achievement, Mr. Ashok Sud, President (Corporate Affairs), Tata Teleservices Ltd, said, “Data published by TRAI is yet another acknowledgement of the fact that Tata Indicom is the preferred service provider for Indian mobile users across all segments. It also bears a testimony to the trust of our valued subscribers as well as strength of our superior next generation network, customer friendly and innovative products and services. TTL assures to constantly take up each forthcoming challenge with greater innovation & passion in its pursuit of sustaining this invaluable trust & confidence our customers have placed in us.”

Despite being the late entrant, TTL (Tata Teleservices Ltd and Tata Teleservices Maharashtra Limited) has crossed the milestone of 19 million subscribers. Since establishing a pan-India presence in March 2005, TTL has registered a Compounded Annual Growth Rate (CAGR) of 112%, the highest in the Industry. Tata Indicom added close to 7.6 million subscribers in the last fiscal, resulting in a year on year increase of 86% in its total subscriber base, again highest in the industry.

To sustain this aggressive growth, the group has earmarked capital expenditure of about Rs 4000 cr for the year 2007-2008. This capex will be largely utilized for network expansion plans and new market entries. Elaborating on the expansion plans Mr. Sud said, “Tata Indicom is now embarking on an aggressive expansion plan which involves increasing network capacities, introducing new technologies, strengthening the spread and depth of coverage and adding a host of other state-of-the-art technologies. We are aggressively strengthening our presence across India with strong focus on providing customer value with care, trust and innovation.”

About Tata Teleservices:

Tata Teleservices (Tata Teleservices Ltd and Tata Teleservices Maharashtra Limited) is one of India's leading private telecom service providers. The company offers integrated telecom solutions to its customers under the Tata Indicom brand, and uses the latest CDMA 3G1X technology for its wireless network. Tata Teleservices operates in more than 3400 towns across 20 circles i.e. Andhra Pradesh, Chennai, Gujarat, Karnataka, New Delhi, Maharashtra, Mumbai, Tamil Nadu, Orissa, Bihar, Rajasthan, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh (E), Uttar Pradesh (W), Kolkata, Kerala, Madhya Pradesh and West Bengal. The company has a customer base of over 19 million.

For further information please contact:

Sanjay Karkera / Raj Tapal

Vaishnavi Corporate Communications

9223302176 / 9223317542

skarkera@vccpl.com / rtapal@vccpl.com