By IANS
New Delhi : Following are some important milestones in the Indian telecom industry during 2007, which saw the country emerge as the fastest growing market with seven-eight million subscribers being added to the network each month:
February: Vodafone says it is buying 67-percent of Hutch-Essar for $11.1 billion
March: Foreign investment cap in telecom services hiked from 49 to 74 percent
June: Indian telecom users account for highest talk time in Asia-Pacific
July: Bharti awards $2 billion contract to Sweden’s Ericsson for expansion
August: Nokia of Finland says India will house its first offshore design studio
August: Country’s total wireless subscriber base crosses 200 million
September: At 39.46 million, rural phones cross nation’s fixed line base
October: India’s total subscriber base, wireless and fixed, tops 250 million
November: India unveils policy guidelines for third generation (3G) telephony
November: India emerges largest market for mobile phone handsets
December: Reliance Communications to invest $200 million in Ugandan telecom market
December: VSNL to construct $250 million cable system from Mumbai to Europe