You Telecom looking to expand

You Telecom, formerly known as Iqara, is reportedly planning to expand its broadband business.

You Telecom, a Citigroup-owned broadband service provider, plans to spend Rs 300 crore for launching services in 14 new cities across the country by the end of 2008.

The new cities You is planning to enter include Delhi, Kolkata, Chandigarh and Kochi. At present, it has provides services to around 15 lakh homes across 12 cities and has a market share of around 40% from its operating areas.

Source: DNAIndia.