Fund To Boost Rural Coverage
News: The Universal Service Obligation Fund (USOF) is set to invest INR3bn (US$490mn) in India with the aim of boosting mobile phone coverage in the rural parts of the country, reports Cellular News. The Telecom Commission has reportedly approved the investment, to be used for expanding mobile coverage to around 56,000 villages, including those along the Bangladesh and Chinese borders where coverage is sometimes affected owing to security issues. The project will include the launch of nearly 20,000 towers and the USOF will also decide whether to extend viability gap funding or subsidise both capex or opex elements of the project. The launch is scheduled to take place by March 2014.