State-owned telecommunication company Bharat Sanchar Nigam Ltd (BSNL) has invited bids from equipment makers to add 31.02 million new users of its 3G/4G services across the country.
According to the tender document, the company will accept bids for new equipment purchase till July 1. The company did not mention the value of the contract to be given out, but industry sources said the purchase is estimated to be worth more than $1 billion.
The new tender comes at a time when BSNL is focused on expansions and aims to turn profitable by 2020. BSNL had an operating profit of Rs 672 crore during the last fiscal, while its revenue grew 4.16% to Rs28,645 crore.