Indian telco MTNL to invest INR13 billion in 2010-11

www.WirelessFederation.com/news: A CAPEX of approximately INR13 billion (USD281.7 million) has been expected by state-owned Indian telco Mahanagar Nigam Telephone Ltd (MTNL) for its 2010-11 fiscal year.

The fund will be mainly used to enhance its footprint and upgrade its network and the major expenditure will be on GSM expansion and bringing fibre to home, among other things besides increasing capacity on its network.

According to Peeyush Agrawal, principal general manager of MTNL, the telco can add about 200,000 more wireline subscribers because the existing capacity is about 600,000 and the company has about 400,000 users.