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BSNL, MTNL to invest Rs.1,800 crore on undersea cable

Tuesday, 19 Sep 2006
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BSNL and MTNL is planning to invest Rs.1,800 crore to lay an under-sea cable between India and Singapore. Both the companies have appointed a consultant for preparing a blue print for the project.

The cable will be laid by Millennium Telecom, a subsidiary of MTNL, in which BSNL has acquired 49 per cent stake for this project. Work on the project is scheduled for completion within 18 months.

Also See:

BSNL to invest Rs.170 billion on CDMA, GSM network (18-Sep-06)

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