Mahanagar Telephone Received 2 Bids For 3G Roaming Pacts - Chairman
19 January 2011 - 8:21PM
Dow Jones News
Mahanagar Telephone Nigam Ltd. (500108.BY) has received bids
from two companies for pacts to offer third-generation mobile
telephony services in areas where they don't have airwaves,
Chairman Kuldip Singh said Wednesday.
The state-run company received bids from Aircel Ltd. and Tata
Teleservices Ltd., and will decide on the pacts in a month's time,
Singh told reporters on the sidelines of an industry
conference.
Both Tata Teleservices and Aircel--of which Malaysia's Maxis
Communications Bhd holds 74%--couldn't be immediately reached for
comments.
Tata Teleservices won 3G bandwidth in nine telecom areas and
Aircel in 13 areas in a hotly-contested auction last year that
drove up the total price of airwaves on sale to more than $15
billion.
Mahanagar Telephone, which has 3G spectrum in Delhi and Mumbai,
said in December it expects each operator to pay about INR700
million a year to use its network in the two metropolitan
cities.
-By R. Jai Krishna, Dow Jones Newswires; +91-22-6145-6121;
ameya.karve@dowjones.com
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