GSM service provider Idea Cellular might get spectrum to start operations in the Mumbai circle by the end of the year, with the ministry of telecom close to clearing its application.
The Essar group-owned company's agreement with the Bangalore-based BPL group, which owns the brand through its flagship firm, had expired on March this year.
Pitroda is also considered the pioneer of the Indian telecom revolution, more than his reputation as a venture capitalist, inventor, technocrat and social thinker.
The companies are looking at tapping solar power, wind energy and bio-fuels, including fish and vegetable oil, to run base transceiver systems in areas with poor power supply.
At a time when software companies were reporting disappointing results on account of this, an unperturbed Chatterjee said Tata Steel would reap significant benefits from the new exchange rate, which would be disclosed with its results.
Indian telecom companies are likely to get a windfall of Rs 100-150 crore (Rs 1 to Rs 1.5 billion) when they announce their first quarter results during this week.
The revenue growth rate for Tata Consultancy Services and Infosys Technologies has declined by over 20 percentage points to about 25 per cent from over 45 per cent in the quarter ended June 2006.
Indian telecom operators are world-leaders in terms of profitability, enjoying better EBIDTA margin than their counterparts in developed countries.
The company is in advanced stages of negotiations with four cellular operators and is expected to announce a couple of deals soon.
This year so far, as many as nine of 50 issues did not see their retail portion fully subscribed.
Telecom service provider Reliance Communications is to tap the retail international long distance calling space in the UK
Reliance Communications will slash the homebound international call tariffs - calls made by Indians visiting abroad - by around 50 per cent to cash in on the growing Rs 800-crore inbound market.
Analysts say that retail offers a big opportunity and acquisitions are a way to grow rapidly; there is also the need to deploy this money gainfully.
The study predicts that the Sensex companies are expected to show marginal 6 per cent growth in profit, while the growth for the oil companies is likely to be higher at 23.4 per cent.
BPL Mobile is exploring options to hive off its tower business into a separate company and is embarking on a capacity addition initiative
A back-of-the-envelope calculation suggests that the total mobilisation through share issues (including rights, initial and follow-on issues) will be at least Rs 1.04 lakh crore (Rs 1.04 trillion).
Emily Nagle Green is travelling across the world to propagate her 'Anywhere Trilogy' framework
Wipro Technologies, an information technology and outsourcing company, is poised to acquire the IT arm of a major company in Germany.
This is slated to improve telephony service penetration in the country due to increased affordability and could be a precursor for similar moves for other value added services.
In a move to woo foreign visitors to its network, the state-owned telecom behemoth Bharat Sanchar Nigam Ltd (BSNL) has decided to reduce the charges on in-roaming -- international mobile phone users roaming in India -- by 35-40 per cent.
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