Realty major to foray into telecom sector;submits application to DoT

New Delhi, Aug 27 (UNI) Announcing its diversification into telecom sector, Real estate developer Parsvhath Developers Ltd today said it has submitted applications to the Department of Telecom (DoT) for providing Unified Access Services in the 22 telecom circles across the country.

''This is a great opportunity for the company to diversify into a new business area, which is continuously growing. Despite increasing number of subscribers, the penetration of mobile telephony in India is still low as compared to developed countries.

As and when number portability is introduced, it would offer immense business opportunity to new entrants,'' company's Chairman Pradeep Jain said.

With the government following an open policy on spectrum, the realty major seeks to use this opportunity for providing unified access service on a pan-India basis, including rural telephony, a company statement said.

The licence for Unified Access Services would entail a 2G licence for GSM and a triple play of various services, including IPTV, Wi-Max, internet, broadband and any other services relating to the signal.

The diversification will be subject to obtaining necessary approvals, it added.

UNI