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BSNL to invest Rs.60,000 crore by FY10

Monday, 26 Mar 2007
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Bharat Sanchar Nigam will pump Rs.60,000 crore for a period of three years by investing Rs.20,000 crore in each year.

This move comes on the back of BSNL's ambitious revenue expansion targets from Rs.39,000 crore in 2005-06 to Rs.90,000 crore by 2010-11. To achieve the target, BSNL has firmed up plans to add 108 million additional mobile connections to its existing base of 25.4 million by 2010. The company also intends to offer about 3 million new GSM connections every month.

Accordingly. the company is in the process of placing orders for equipment required to ramp up its facilities to handle additional voice traffic that is expected to be generated.

Also See:

BSNL, MTNL to float tenders for undersea cable by March 2007 (26-Dec-06)

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