The telecom equipment market is set to increase by nearly $30 billion between 2013 and 2018, according to a report by Dell´Oro Group.
American Tower Corp has emerged as the front-runner for a majority stake in Viom Networks with an offer of about Rs 19,000 crore.
In the first two months of the current fiscal, the foreign direct investment (FDI) in the telecom sector has registered US$ 1.5 billion against US$ 9 million in the corresponding months of the previous year.
BSNL and MTNL have inked a five-year pact with ONGC to provide all telecom services to the state-owned oil firm on a pan-India basis.