Action is hotting up in the telecom space, with Russian giant Sistema in preliminary discussions with Aircel to pick up an equity stake.
Though reserve for CDMA, there were no bidders for the spectrum in the recent auction. GSM operators could buy it to launch 4G and 3G services.
Bilateral traffic rights define the number of weekly flights or seats a country's designated airlines are allowed to operate in another country's specified points.
To reconfigure some of these to all-economy class and ply to Gulf and North America.
A large migrant population, better law and order situation made the state attractive.
Govt plans to open restricted airspace that will cut travelling time and fuel consumption.
Airlines plying abroad find growing takers for premium economy class, especially on long-haul routes.
Multiple disputes to ensue; auction begins today, but will do little to quell uncertainty.
After refarming, over 142.5 MHz of spectrum is expected to be available for auctioning next year.
The airlines' CEO expects it have 50 Boeing-737s and 30 Bomardier aircraft by 2016
We are also looking to see if we can put guidelines for NSOPs: Ajit singh
Govt to bear Rs 12k-cr cost of spectrum retention but without any cash outgo put up for Cabinet nod.
A senior executive of GMR group confirmed that both the companies were keen to get out of the venture. Fraport has already closed its development office in India.
Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have sent separate letters to the department of telecommunications (DoT), asking the government to bear the entire burden of nearly Rs 11,000 crore they need to fork out as one-time payment for additional spectrum.
Abroad, airlines face suspension or hefty fines for unpaid dues or flight cancellations.
The DGCA will concentrate only on technical and safety aspects.
Govt to review decision after demand assessment.
A few days after the government made the crucial policy announcement, Tony Fernandes, chief executive officer of Air Asia, the largest low-cost carrier in Southeast Asia, said he would visit India this month.
Subscriber churn costs operators heavily, retailers make Rs 7.7k cr a year.
Idea tops list of companies with high percentage of active subscribers.
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