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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, Apr 09
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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