Swiss firm ByCell, which has applied for licence to provide telecom services throughout India, plans to invest $509 million on initial infrastructure, according to this Reuters article.
The company, which is 74 percent owned by Switzerland’s ByCell Holding AG and 26 percent by India’s Bitcorp Pvt Ltd, is focusing on less developed telecom circles of Bihar, Orissa, Assam, North East, West Bengal and plans to provide wireless phone, broadband and Internet protocol television services in India. ByCell aims to keep costs low by sharing infrastructure such as telecom towers and improving availability of cheap handsets at 1,000 rupees.
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