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MTNL to invest Rs 400 cr for 1800 towers; project debt tied up

MTNL to invest Rs 400 cr for 1800 towers; project debt tied up

Thursday, March 30, 2017, 1:22 PM

State-owned Mahanagar Telephone Nigam Ltd plans to invest Rs 400 crore for installing and commissioning 1,800 mobile towers over the next 8-10 months to improve coverage and data speeds for its subscribers. The loss-making telecom corporation said it has lined up the financing for the project from banks.
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