Reliance Jio is gearing up for its full commercial launch of its services across the country and is all set to rattle India’s data market by offering 4G data at lowest rates in the world. “Mission of Reliance Jio is to take India from data shortage to data abundance. Jio makes India the highest quality, lowest…
A consortium seeking to be selected as a partner to help Thai state-owned operator TOT deploy a 4G network has pledged to rapidly raise capital if it wins the contract.
TOT last month selected Mobile LTE – a consortium of ICT and oil trading companies – to join a shortlist of three potential partners for the LTE project. The others are mobile incumbent AIS and trading company Loxley Plc.
Siripong Oontornpan, the CEO of Mobile LTE consortium member AIT, told theBangkok Post that the group plans to immediately start raising its capital from 100 million baht ($3 million) to 2 billion baht if it is selected as TOT’s strategic partner.
The network will use TOT’s 2.1-GHz spectrum, and its deployment forms part of the struggling operator’s plan to turn around its business by transitioning into a network service provider.
Mobile LTE’s proposal involves renting out the 15 MHz of 2.1-GHz of spectrum to provide 4G services. It has committed to securing at least 10 million subscribers under a five-year partnership contract. Original post at Telecom Asia