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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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GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 10
18:25 Redbook Index (YoY) 1 4.7% 4.9%
21:00 52-Week Bill Auction 1 3.94% 3.93%
22:30 3-Year Note Auction 1 3.972% 3.824%
Wednesday, Jun 11
02:00 API Weekly Crude Oil Stock 1 -0.37M 0.70M -3.30M
04:15 Visitor Arrivals (YoY) 1 18.8% -8.4%
15:00 10-y Bond Auction 1 4.673%
16:30 MBA Mortgage Applications 1 -3.9%
18:00 Consumer Price Index ex Food & Energy (MoM) 3 0.3% 0.2%
18:00 Consumer Price Index ex Food & Energy (YoY) 3 2.9% 2.8%
18:00 Building Permits (MoM) 1 2.2% -4.1%
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