BSNL pulls out of Singapore cable project

NEW DELHI: State-owned Bharat Sanchar Nigam Ltd is understood to have pulled out of the over Rs 1,500 crore Singapore undersea cable project.
    
BSNL had joined hands with another state-owned telecom firm MTNL in September 2006 to build an undersea cable from India to Singapore and Malaysia.
    
BSNL confirmed that they would be buying bandwidth from MTNL.
    
Following this, MTNL will be working alone on the Rs 1,500 crore Singapore undersea cable project. However, MTNL officials declined to comment on the issue.
    
Scrips of the MTNL was quoting at Rs 94.65, up 1.18 per cent in late afternoon trade at the Bombay Stock Exchange.