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Sunday, July 22, 2001

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Basic phone services for one company

By Our Special Correspondent

NEW DELHI, JULY 21. In a major victory for the policy pushed by the Communications Minister, Mr. Ram Vilas Paswan, the Government today signed licence agreements for basic phone services for 16 States and cities with a private company, Reliance Communications.

The company becomes the first private firm to win the rights to provide connectivity in practically the entire country. It may now make a bid for the national long distance licence.

But the company has to fork out performance bank guarantees for Rs. 1,592 crores.

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