Vishwanath Goel, managing director of NT, said the Finnish company has offered NT a share in revenue generated from LTE without having to invest in the project. “We are currently studying the proposal,” said Goel.[break]
According to the proposal, NT will get a share of revenue generated from LTE without investing even a penny. Goel said they would finalize revenue sharing modality during negotiations if NT chose to proceed with the proposal.
Commercially launched at the end of 2009, LTE technology started gaining popularity in developed countries from 2010. Besides providing high performance radio access, NT officials said the technology could also offer full vehicular speed mobility coexisting with HPA and other network.
The proposal comes at a time when NT is preparing to invite strategic partner to strengthen its hold in the country´s telecommunication market.
“We are positive about inducting a strategic partner. But we are yet to find compatible partners,” Shreedhar Gautam, secretary at the Ministry of Information and Communications (MoIC) and chairman of NT, said. Gautam further said the NT was evaluating feasibility and profitability of the Finnish proposal.
A high-level taskforce last year had suggested the government to invite a strategic partner for NT, allowing it to own at least 26 percent equity shares.
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