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3 PSUs form consortium

Special Correspondent

GAIL, RailTel, Powergrid to offer broadband

NEW DELHI: GAIL (India) Limited, PowerGrid and RailTel, the three public sector entities engaged in diverse fields, on Friday formed a telecom consortium so as to emerge as the country's second largest broadband service provider.

The three companies inked a memorandum of understanding (MoU) to jointly offer bandwidth to consumers for e-entertainment, e-education and e-medicine.

GAIL (India) owns 13,000 km of optic fibre cable (OFC) network along its gas pipelines. PowerGrid also has 19,000 km of cables joining 60 major cities while RailTel has networked 2,200 towns with a cable network spanning 27,500 km.

Speaking at the MoU signing ceremony, PowerGrid Chairman and Managing Director R. P. Singh said: The consortium would focus mainly on the entertainment sector with a business revenue target of Rs. 1,000 crore by 2008.

GAIL Chairman Proshanto Banerjee said the consortium would be in shape within three months.

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