BSNL's $4.7B Blowout
3:45 PM -- Indian incumbent operator Bharat Sanchar Nigam Ltd. (BSNL) will wield a capex budget worth $4.7 billion in its next financial year (starting April), according to a report in the Economic Times.
That's a third higher than the current fiscal year.
The carrier publishes all its RFPs on its public Website, so there's every chance to find out where the money's going. The operator has some work to do on its mobile and fixed broadband infrastructure, so expect to see some action in GSM, WiMax, PON, and DSL equipment areas. (See BSNL Lines Up GSM Options, BSNL Wants GEPON, WiMax Gear, and Indian Telcos Tackle Broadband Shortage.)
Anyone holding their breath for the anticipated IPO will soon turn blue in the face, though -- that idea has been knocked on the head by the government's political allies. (See BSNL Considers $10B IPO.)
— Ray Le Maistre, International News Editor, Light Reading