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Tatas to invest USD 500mn in Wimax
New Delhi, March 06, 2008
Tata Communications on Tuesday announced an investment of 500
million dollars for its wireless broadband venture on Wimax
platform and has partnered with US-based Telsima Corporation
for equipments.
The company will invest 500 million dollars by 2010 in Wimax
Technology and is in talks with investors to sell minority
stake in retail business, Tata Communications retail business
unit president Shankar Prasad told reporters here.
Besides, it has selected Telsima to provide Wimax
Infrastructure and Subscriber Equipment Solutions to deploy
Commercial Wimax Network, with 3,000 base station sectors
already getting deployed, which will enable customers to
access video, education, music and business services, he
added.
Tata Communications is the first to launch broadband services
on the Wimax platform on a large scale for retail consumers in
India.
In the initial phase, Tata Communications` Wimax Network will
offer broadband internet access and content services to
enterprises and residential customers in Delhi, Mumbai, Pune,
Bangalore, Chennai, Hyderabad, Cochin, Chandigarh, and Kolkata.
By the end of 2008, the company plans to have enabled Wimax
retail broadband service in about 15 cities.
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