ITI in talks with banks, FIs for vendor financing plan.

(From Business Line)

Byline: C. Shivkumar

Bangalore, Feb. 19 - ITI Ltd has begun discussions with a clutch of banks and financial institutions to offer a financial package for all the equipment supply tenders it intended to participate.

Banking sources said the telecom equipment maker was in discussions with banks and the financial institutions to finalise a vendor-financing package.

This kind of an arrangement would allow the telecom equipment maker to jointly bid for equipment supply along with the bank/FI. ITI when contacted confirmed the discussion, and added they were still in the early stages. But the sources said, "For all our future …