Enron Ends Plans for Broadband Network in Western India

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

.

As originally published, this story contained an error. Please see

Corrections and Clarifications.