BSNL on 17 September 2006, announced an investment of Rs.17,000 crore by March 2007 to increase GSM, CDMA and broadband services.

Of the total investment, around Rs.6,000 crore has been earmarked for GSM expansion, about Rs.3,000 crore will be for expanding broadband services and similar investments will be made in CDMA base services in various parts of the country.

BSNL will also be investing about Rs.1,000 crore on the data record based billing system. The entire investments will be funded through internal accruals and the company is also looking at increasing revenues from value-added services (VAS) to up to Rs.500 crore from the current base of Rs.90 crore.

The investments in GSM mobile expansion with an investment of Rs.6,000 crore is a part of BSNL's total investment of over Rs.20,000 crore in expanding GSM base by over 63 million lines for a period of three years.

Also See:

BSNL to expand mobile network (11-Aug-06)