Telecom operators Airtel and BSNL are likely to sign a pan-India roaming pact within a month to strengthen their 2G mobile services in areas where either of them is having a weak or negligible presence.
Telecom operators Airtel and BSNL are likely to sign a pan-India roaming pact within a month to strengthen their 2G mobile services in areas where either of them is having a weak or negligible presence.
"We are soon going to sign a pan-India intra-circle roaming agreement with Airtel with a focus to strengthen coverage in rural areas. Commercials are being worked out.
This is most likely to signed within a month," BSNL Chairman and Managing Director Anupam Shrivastava told PTI. When contacted, Airtel did not comment on the matter.
Shrivastava said the deal is a part of the BSNL strategy to spend carefully on building infrastructure and use sharing rules to bring down operational cost besides providing good network to consumers.
"We have made 'co-opetition' (co-operative competition) as one of the key strategies. Under this we are looking at opportunity where we can co-operate with other players to expand our business," he said. BSNL has invested about Rs 4,000 crore in the latest network expansion (phase 7).
It is expected to be completed by June 2015. Airtel claims its mobile network with 1,42,898 base stations covers an area of 87 percent of India's population. BSNL's mobile network covers an area of 72 percent of country's population which will further increase after completion of phase 7 network expansion.
The state-run telecom firm will have about 1,10,000 base stations after June this year.
Bharti Airtel stock price
On February 24, 2015, Bharti Airtel closed at Rs 343.15, down Rs 3.5, or 1.01 percent. The 52-week high of the share was Rs 419.90 and the 52-week low was Rs 282.10.
The company's trailing 12-month (TTM) EPS was at Rs 28.61 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 11.99. The latest book value of the company is Rs 166.93 per share. At current value, the price-to-book value of the company is 2.06.
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