Govt gets aggressive bids for rural mobile project
Published on Thu, Mar 08, 2007 at 08:31 | Source : Moneycontrol.com
Updated at Thu, Mar 08, 2007 at 09:05
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
Govt gets aggressive bids for rural mobile project
Reliance Infrastructure, BSNL and GTL Infrastructure have emerged as the lowest bidders for setting up passive cellular infrastructure in over two lakh villages with support from the Universal Services Obligation (USO) Fund.
Reliance Infrastructure, BSNL and GTL Infrastructure have emerged as the lowest bidders for setting up passive cellular infrastructure in over two lakh villages with support from the Universal Services Obligation (USO) Fund.
At the end of the first round of bidding held on Wednesday by the Department of Telecom (DoT), the three companies had quoted the lowest amounts in 80 per cent of the 81 pre-determined districts.
The winner of the project, which will be decided after a multi-stage bidding process, could get as much as Rs 400 crore annually for a five-year period from the USO fund for setting up 7,871 passive cell cites, including towers.
The DoT got response from 21 companies for the project, of which a few like HFCL dropped out at the last minute.