BSNL Stalls in India

BSNL, owned by the Indian government, told Dow Jones Newswires that its revenue will be flat at about 381 billion Indian rupees (7.59 billion US dollars) in the year to the end of March, rather than increasing 31% as it had predicted. The company blamed the shortfall on a lack of network equipment preventing it taking on new mobile customers.

BSNL expects at least 5% of its 2G mobile phone users to migrate to 3G in the year to the end of March 2010. source: Total Telecom/Dow Jones Newswires