SSTL has signed a $70 million loan agreement with Bank of China to fund its nationwide wireless infrastructure for mobile services.

Currently, SSTL has operations in six circles and has plans to soon launch services in Jharkhand, Delhi, Haryana, Karnataka, Mumbai, Maharashtra and Goa. The operator has received the loan for a period of eight years with a three-year moratorium on principal repayment. The company plans to use the funds for sourcing equipment from China's ZTE to build its CDMA network.