Date:06/03/2008 URL: http://www.thehindubusinessline.com/2008/03/06/stories/2008030652710400.htm

Back Tata Comm partners Telsima

New Delhi, March 5

Tata Communications has partnered with US-based Telsima Corporation for rolling out a pan-India Wi-Max network. The Tata company said it would invest $500 million for setting up the network in the country to offer high speed internet and is talking to various investors for divesting a minority stake in its retail unit.

“We will invest $500 million by 2010 for setting up Wimax network, for which we have tied up with US-based Telsima Corporation. The company is also in talks with investors to sell a minority stake in its retail unit,” Tata Communications’ Retail Business Unit President, Mr Shankar Prasad, told reporters. However, he refused to divulge further details about the divestment plan.

Telsima would provide Wimax infrastructure and subscriber equipment solutions for the service. It is setting up 3,000 base stations, which will enable customers to access video, education, music and business services.–

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