BSNL's countrywide 2G network expansion plans will finally take off as the Indian arm of China's ZTE Corp has agreed to meet the state-run telco's additional GSM network requirement for 4.22 million lines in the eastern and northeastern circles, aggregating Rs 1,220 crore, top BSNL executives, who didn't wish to be named, said.
ZTE India's decision comes after BSNL recently threatened to encash its Rs 159-crore performance bank guarantees (PBGs) following the Chinese vendor's failure to meet the state-run telco's eastern zone purchase requirements by January 31, 2013.