ITI to set up 40,000 outdoor WiFi access points in Rajasthan

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State-run Telecom tools producer ITI has received a Letter of Intent (LoI) from RajCOMP Info Services, a Rajasthan Government enterprise, to execute the RajNet challenge valued at ₹334 crore. Under the challenge, ITI will set up 40,000 outdoor WiFi access points in Rajasthan.

It will provide, set up and keep outdoor WiFi access points together with related RF radio tools for six months. This shall be adopted by operation and upkeep of the community for 5 years, the corporate mentioned in an announcement.

In August 2018, ITI – a public sector unit beneath the Department of Telecommunications (DoT) – had emerged because the lowest bidder for the RajNet challenge.

“ITI has been concerned in the implementation of the Digital India programme in numerous Indian states. This order from the Rajasthan Government to set up outdoor WiFi access points in the State is anticipated to improve the broadband accessibility in distant villages and complement the efforts of Bharatnet Phase I and II to present last-mile connectivity in far-flung areas of the nation,’’ Okay Alagesan, Chairman and Managing Director, ITI, mentioned.

The RajNet challenge is anticipated to present connectivity until the Gram Panchayat degree by way of broadband, SATCOM, Over-the-Air (OTA), Local Area Network (LAN) and Structured Wireless-Aware Network (SWAN), amongst others.

Earlier in October, ITI had filed draft papers for a comply with on public providing (FPO) with SEBI, a transfer that may assist it meet the minimal 25 per cent public shareholding guidelines. The firm plans to concern contemporary shares value up to 18 crore, whereas an extra 5 per cent of the online concern shall be reserved for workers.

It intends to use the online proceeds value ₹642.60 crore of the problem for working capital necessities and ₹638.40 crore for reimbursement of mortgage. Funds for the final company objective have been to be finalised after deciding on the problem worth.

BOB Capital Markets, Karvy Investor Services and PNB Investment Services are the Book Running Lead Managers to the problem.

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