Talk about emerging markets fueling growth for the mobile industry. According to the Telecom Regulatory Authority of India (TRAI), the country added 12.91 million mobile customers during the second quarter, bringing the total number of subscribers to 105.95 million out of 1 billion or so people. India's two largest operators, Bharti Airtel and Reliance, both exceeded analysts' expectations for the second quarter. According to a new report from The Diffusion Group, the number of mobile subscribers in India is expected to grow to more than 350 million by 2010--an addition of 250 million subscribers in just four years.
To read more about explosive growth in India:
- check out this article from LightReading
- take a look at this release