BharatNet 2nd phase takes off, Jio pays high­est fee

Business Standard - - COMPANIES -

The sec­ond phase of BharatNet project with an out­lay of ~31,000 crore and a man­date to pro­vide high-speed broad­band to all pan­chay­ats by March 2019 got off the block on Mon­day. Tele­com Min­is­ter Manoj Sinha, along with Law and IT Min­is­ter Ravi Shankar Prasad, Hu­man Re­source De­vel­op­ment Min­is­ter Prakash Javadekar and Bi­har Deputy Chief Min­is­ter Sushil Ku­mar Modi an­nounced com­mence­ment of the phase. Re­liance Jio paid the high­est ad­vance sub­scrip­tion fee of ~13 crore to pro­vide broad­band ser­vices at 30,000 vil­lage pan­chay­ats, with a com­mit­ment to buy band­width in ev­ery pan­chayat from the gov­ern­ment as it ex­pands the project. “We have paid over ~13 crore in­clud­ing the GST to buy band­width from BharatNet. We will ini­tially cover 30,000 vil­lage pan­chay­ats and go­ing for­ward, will set up node in ev­ery pan­chayat as the gov­ern­ment ex­pands BharatNet,” Re­liance Jio Di­rec­tor Ma­hen­dra Na­hata said af­ter hand­ing over the cheque to Sinha.

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