AT&T eyes Indian market

AT&T told analysts in a recent briefing that it plans on being "aggressive" in its plans to enter the mobile industry in India. The carrier's Asian regional managing director Bernard Yee said that while the company is "very serious about the market" it's not ready to disclose whether it will start its own wireless service in India or make an acquisition. AT&T left the Indian market in 2004 when it sold its stake in Idea Cellular. Now the company wants to tap into the emerging market because AT&T's U.S. market fixed line business is slowing down. AT&T is currently waiting for India to approve its mobile license, which it filed in October. Some reports speculate that AT&T is eyeing a stake in Videocon's wireless subsidiary Datacom.

For more on AT&T's plans:
- read this article in Business Standard