Vodafone is one of the leading broadband operators in the UK. They are constantly expanding, and now looking into extending their wireless broadband technology into India. Their aim is to target the rural areas of India, and they anticipate a very huge market, and a lucrative business in this area. Nonetheless, to launch this expansion, Vodafone, expects to make a somewhat large investment.
Currently, the company has an average of 50 million customers, and with the expansion into rural India, expects to add another 100 million. They are also conferring with other companies to joins forces in providing similar services in other Asian and African countries.
On July 29th, the current chief executive, Arun Sarin, will be handing over to his successor, Vittorio Colao. Sarin was on board when Vodafone executed their mega takeover of Hutch. Hutch was formerly owned by Essar. Sarin emphasized his satisfaction with the continuing growth of the company. The company today boasts of 50 million customers, a big jump from 20 million just a year and a half ago. He also commended the long term of policies regulating the telecom sector. This has contributed to the stability of the business.
This UK company, though based in UK, plans to embark on launching other products and services in India. Their goal is to set this in motion after the 3G broadband technology in India begins. Their key interest is in wireless broadband, and the internet technology as a whole.
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