×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Tata Communications to invest $500 million in Wimax

Tata Communications to invest $500 million in Wimax
Comment E-mail Print Share
First Published: Tue, Mar 04 2008. 01 45 PM IST
Updated: Tue, Mar 04 2008. 01 45 PM IST
PTI
New Delhi: Tata Communications has announced an investment of $ 500 million for its wireless broadband venture on WiMax platform and has entered into a partnership with US-based Telsima Corporation for equipments.
The company will invest $500 million by 2010 in Wimax technology and is in talks with investors to sell minority stake in retail business, the firm’s retail business unit president Shankar Prasad told reporters here.
Besides, the firm has selected Telsima to provide Wimax infrastructure and subscriber equipment solutions to deploy commercial Wimax network, with 3,000 base station sectors already getting deployed, which will enable customers to access video, education, music and business services, he added.
Tata Communications is the first service provider to launch broadband services on the Wimax platform on a large scale for retail consumers in India.
In the initial phase, Tata Communications’ Wimax network will offer broadband internet access and content services to enterprises and residential customers in Delhi, Mumbai, Pune, Bangalore, Chennai, Hyderabad, Cochin, Chandigarh, and Kolkata.
By the end of 2008, the company plans to have enabled Wimax retail broadband service in about 15 cities.
Comment E-mail Print Share
First Published: Tue, Mar 04 2008. 01 45 PM IST