Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

BSNL to spend Rs 6,000 cr on expansion; Nokia, ZTE to get contracts

Author: IANS/Saturday, September 9, 2017/Categories: Telecom

BSNL to spend Rs 6,000 cr on expansion; Nokia, ZTE to get contracts

Kolkata - Public telecom operator BSNL will invest Rs 6,000 crore for installing 40,000 Base Transceiver Stations (BTS) in the next two years to expand its mobile network and is in the process of awarding contracts to equipment vendors, an official said.

According to Bharat Sanchar Nigam Ltd (BSNL) Chairman and Managing Director Anupam Shrivastava, Nokia and ZTE have emerged as the top two bidders for the expansion project.

"We have installed 40,000 BTS in the last three years and in the next phase of expansion, we again put 40,000 BTS in the next two years. Around Rs 6,000 crore would be invested in the next two years for the expansion," Shrivastava said here.

"We have initiated the process of awarding contracts to equipment vendors. Nokia has emerged as the number one bidder, followed by ZTE. According to the rule, the L1 (number one bidder - in this case Nokia) has chosen West and South zones and L2 would be given North and East," he said.

Nokia recently accepted the order and advance purchase order to ZTE would be issued in the next 10 days, he said, on the sidelines of launch of "Speedpay", BSNL's co-branded e-wallet services with the Punjab National Bank (PNB).

The new BTS would be a combination 2G, 3G and 4G, and the operator would replace the old 2G network.

Currently, BSNL has 1,30, 000 BTS and after the expansion, the total number would be 1,70,000.

Speaking on the state-run telecom operator's financial health, Shrivastava said a revival plan had been chalked out and the company was expecting to make profits in 2018-19 once again.

According to him, it is expecting to be Ebitda positive (operating profit) for the third consecutive years in 2016-17. Revenue from operations is expected to be marginally high at Rs 28,700 crore in 2016-17 as against Rs 28,400 in 2015-16. The operator is computing its accounts for the 2016-17.

He said after suffering losses to the tune of Rs 691 crore in 2013-14, it reported operating profits of Rs 672 crore in 2014-15 and Rs 3,855 crore in 2015-16.

"Projections show that we will be Ebidta positive in 2016-17, too, while our revenue from operations will also improve," he added.

Print Rate this article:
No rating

Number of views (199)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free