In order to increase Internet connectivity in Uttar Pradesh, Idea Cellular is planning to invest over Rs 550 crore in the state over the next two years. Out of the total investment of Rs 42,000 crore that Idea has made across the country, 11% of the investment has come to Uttar Pradesh. The company is currently present in 82% of Uttar Pradesh, covering over 85,000 towns and villages and plans to increase its reach to 95% of the population. Meanwhile, the company is seeking shareholders' nod to raise up to Rs 10,000 crore through issue of non-convertible securities on private placement basis in one or more tranches.
Idea Cellular, an AV Birla group company, provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level, it is present in all 22 telecom circles.
