Enron
(ENE)
is ending its plans to establish a broadband network in western India, according to published reports, as a result of lengthy delays and regulatory issues.
Company representatives weren't immediately available for comment. The plans were established last year with the
Maharashtra State Electricity Board
and
Global Tele-Systems Ltd.
to set up a fiber-optic broadband network covering almost the entire state.
Enron, which is based in Houston, lost $1.37, or 1.9%, to $71.72 in recent
New York Stock Exchange Trading
.
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