As the Wall Street Journal reported on yesterday's India Analyst and Investor Day in London, British mobile communications provider Vodafone aims to lower costs and simultaneously grow in India with its local subsidiary Vodafone Essar. According to the report, CEO Arun Sarin says that Vodafone Essar plans to increase its market share from the current 17 percent to around 25 percent over the next five years. Last spring, Vodafone bought a majority of shares in the former Hutchison Essar.
Last week, Vodafone Essar entered into an outsourcing contract with IBM for IT technology. The deal is expected to save someone billion US dollars. In addition, Vodafone and its Indian competitors Bharti and Idea Cellular founded Indus Towers Ltd., which will be handling network equipment for all three companies
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