AT&T projects strong revenue growth for India

19 April 2007

New Delhi: US telecom major AT&T Inc expects to see 40 per cent annual revenue growth in its Indian business for the next two years at least, a top regional executive said on Wednesday.

The projection comes on the back of the company''s announcement that it expected double-digit sales growth annually in Asia-Pacific over the next few years, driven by robust demand in India and China.

AT&T has just launched commercial operations in India.

"If you look at the revenue growth rate, it was about 40 per cent last year and we anticipate that the 40 per cent growth rate will continue for two years at least," VS Gopinath, vice president of AT&T Asia Pacific, said at a news conference.

"We are very optimistic about the market space here and the demand. So we think that kind of growth rate will continue."

Last year AT&T had become the first foreign carrier to secure a licence for long-distance and international services in India under a revised policy that allows foreigners to own up to 74 percent of their Indian units.