Reuters: Technology News: Indian state telcos to share network, offer some services jointly

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

LSAT prep from HLS-educated instructors LSATMax includes video lessons, unlimited personal attention & support, and over 6,000 real questions from previous LSAT's. Enroll for just $299. From our sponsors

Indian state telcos to share network, offer some services jointly Sep 24th 2013, 05:42 NEW DELHI | Tue Sep 24, 2013 1:42am EDT NEW DELHI (Reuters) - India's two state-run telecommunications carriers -- Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd -- signed a pact on Tuesday to share their infrastructure and provide joint services to corporate customers. BSNL operates mobile, fixed-line and Internet services in 20 of India's 22 telecommunications zones, while MTNL operates in the key Delhi and Mumbai zones. Hit by intense competition from private sector rivals, both carriers have seen their market share eroding, and lost money in the past four fiscal years. Under the pact, the two carriers will share assets like buildings, mobile masts and international long-distance phone networks, the companies said in a joint statement. MTNL shares rose 9.7 percent to 15.25 rupees by 0530 GMT. BSNL is not publicly traded.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions