State-owned Indian operator MTNL is looking for local banks to commit to a Rs40bn (US$850m) loan to finance its recently received 3G spectrum.
MTNL said that it is seeking lenders for one-year, two-year and three-year tranches that can be repaid prior to…
State-owned Indian operator MTNL is looking for local banks to commit to a Rs40bn (US$850m) loan to finance its recently received 3G spectrum.
MTNL said that it is seeking lenders for one-year, two-year and three-year tranches that can be repaid prior to their maturity without any additional cost to the borrower.
Along with fellow state-owned operator BSNL, MTNL was not required to compete in last month’s ultra competitive spectrum auction but was allocated bandwidth in Delhi and Mumbai where it will be able to provide wireless broadband services.