Tuesday, June 22, 2010

Reliance, MTNL in 3G franchise talks - report

Reliance Industries Ltd, which has agreed to shop for Infotel Broadband, is in antecedent talks with MTNL to bazaar the state-run firm's 3G casework as a franchisee, the Financial Express appear after citation any antecedent on Tuesday.

The address said a Reliance agent denied any such move, while calls and a bulletin to the MTNL administrator went unanswered.

Mukesh Ambani's Reliance Industries, afresh freed from a alliance that banned it from aggressive with his adolescent brother Anil Ambani's firms, fabricated a affecting re-entry into the telecom amplitude by announcement a $1 billion accretion of Infotel.

Infotel is the alone aggregation to win a civic licence for broadband wireless spectrum in a government auction, which assured beforehand in June.

MTNL, which anchored 3G spectrum advanced of the clandestine operators, is alms these casework in the Delhi and Mumbai circles. The state-run close has been attractive for a accomplice to bazaar the casework on a revenue-sharing basis, the cardboard added