YOU Telecom To Invest Rs 428 Cr In Tier-II Cities

In a bid to expand its operations to tier-II cities across the country, broadband service provider YOU Telecom will invest around Rs 428 crore in the next two years.

‘‘We will invest Rs 400 crore in next one year to set up operations in additional 11 cities. The new cities will be mainly tier-II across the country,’’ said E V S Chakravarthy, CEO, YOU Telecom.

YOU Telecom has 70% residential subscribers and 30% business registrations, which mostly include SMEs.

‘‘We want to take the ratio to 50:50 in next two years. For the purpose, we will buy remote management, security and remote backup solutions from US and European companies over next two years,’’ added Chakravarthy.

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“These solutions would upgrade company’s services and provide security solutions to the subscriber companies. The company would invest around Rs 28 crore in next two years on buying these solutions,” he concluded.

PTI