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Wednesday, September 24, 2008

MTNL to roll out 3G mobile services

MTNL to roll out 3G mobile services by year-end

State-owned telecom operator Mahanagar Telephone Nigam Ltd (MTNL) on Wednesday said it will roll out 3G mobile services by the end of this year.
'The tender for 750,000 lines each in
Delhi and Mumbai for 3G will be floated soon,? MTNL director (technical) Kuldeep Singh told media.
The tender is evaluated at Rs.5 bn (Rs.500 crore or $125 mn). The equipment is being procured from telecom equipment manufacturers Motorola for
Delhi and Alcatel-ITI for Mumbai.
The trial of the 3G services in
Delhi will be started within two months. However, the Mumbai services will be rolled out only in the first quarter next year.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 24
01:00 CFTC S&P 500 NC Net Positions 1 $-127.7K
01:00 CFTC Oil NC Net Positions 1 191.9K
01:00 CFTC Gold NC Net Positions 1 $187.5K
01:00 CFTC GBP NC Net Positions 1 £51.6K
01:00 CFTC AUD NC Net Positions 1 $-69.9K
08:30 Credit Card Spending (YoY) 1 0.5%
15:00 BoE's Greene speech 2
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Current Account 1 $-440.0B $-303.9B
18:00 Consumer Price Index (MoM) 2 0.5% -0.1%
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