UTStarcom gets Rs5.5bn order from BSNL

UTStarcom gets Rs5.5bn order from BSNL
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First Published: Wed, Mar 21 2007. 01 32 PM IST
Updated: Wed, Mar 21 2007. 01 32 PM IST
Shailendra Bhatnagar, Reuters
UTStarcom Inc., the biggest supplier of wireless-telephone systems in China, said it secured a contract of about Rs5.5 billion ($126 million) from Bharat Sanchar Nigam Ltd. to supply broadband equipment.
Deliveries for the equipment to cover 900 cities has started and will be completed in three months, Vijay Yadav, UTStarcom’s managing director for South Asia, said today in a telephone interview from Gurgaon, India.
State-run Bharat Sanchar Nigam, India’s biggest telephone company, is ranked third in terms of mobile-phone users in the world’s fastest growing wireless services market.
Indian phone companies such as Mahanagar Telephone Nigam Ltd., Bharti Airtel Ltd. and Reliance Communications Ltd. are trying to boost revenue by providing additional services on their networks. Local call rates in India, Asia’s fourth-largest economy, are the lowest in the world.
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First Published: Wed, Mar 21 2007. 01 32 PM IST
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