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Saturday, February 28, 2009

MTNL to launch 3G in Mumbai by April

State-owned telecom service provider Maharashtra Telephone Nigam (MTNL) will launch its 3G services in Mumbai by early April, overshooting its earlier intentions of launching services by February-end. MTNL had launched 3G services in the capital in December 2008.

According to sources close to the development, the company has completed its beta testing (trial runs) successfully and is ready for the commercial rollout of the services. MTNL is looking at an early April date for the launch.

MTNL has already set up 720 base transceiver stations (BTS) for its 3G rollout in the Mumbai circle.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 25
19:30 New Home Sales Change (MoM) 2 -13.7% 9.6% Revised from 10.9%
19:30 New Home Sales (MoM) 1 0.623M 0.690M 0.722M Revised from 0.743M
19:30 Fed's Chair Powell testifies 3
20:00 EIA Crude Oil Stocks Change 1 -5.836M -0.600M -11.473M
22:30 5-Year Note Auction 1 3.879% 4.071%
Thursday, Jun 26
14:00 BoE's Breeden speech 2
15:15 BoE's Greene speech 2
16:30 BoE's Governor Bailey speech 3
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Initial Jobless Claims 2 245K 245K
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