Reliance Infocomm Ltd will notch up a subscriber base of around seven to eight million by the end of the current fiscal, banking on its launch of CDMA pre-paid services, even as the telecom entity is expected to record net profit by March 31, 2004.
"We are planning to launch our CDMA pre-paid cards soon and this will ramp up subscriber base to around seven to eight million," Reliance Industries vice chairman and managing director Anil D Ambani told reporters in Mumbai on Thursday.
The company has been field-testing pre-paid cards for the last couple of months and was slated to launch the services by mid-January or early February.
Reliance Infocomm is also planning to launch its broadband-based services in the country shortly, he said, adding launching fixed services, apart from a host of new services, were also on the agenda.
However, he did not disclose the date for launching of the pre-paid services.
Ambani also said the company, which has already posted a cash break-even, is being projected to record a net profit by March 31, 2004.
He said there was no impact on the license fees and the telecom business, like other businesses of the company, was "doing well."