Tata Tele plans Rs 100cr retail expansion spend

Tata Teleservices today said it will invest about Rs 100 crore to increase its retail presence in the country from the current 2,700 to 3,500 outlets by March 2007.

"We have identified enhanced retail presence as a cornerstone of our strategy to double our customer base from existing 12 million to 18 million by next year. We will be investing Rs 80-100 crore to increase our retail presence in the country," Debashis Sur, operating officer (Delhi and NCR circle) said.