Tata Tele plans Rs 8,000cr capex in 2-3 yrs

Tata Teleservices is planning to invest an additional Rs 8,000 crore in the next two-three years to beef up and expand its network.

"We will invest Rs 8,000 crore in the next two to three years in the operations of Tata Teleservices," Kishore Chaukar, managing director of Tata Industries, said.

Funds would be raised through a mix of equity and debt in the ratio of 1:1, he added. "We will bring in equity first, and then raise equivalent debt," Chaukar said.