Its first and only investment in India out of its Asia-dedicated fund has gone bad.
DoT has stated in an internal note that the 3G roaming agreements between these three companies are tantamount to their becoming mobile virtual network operators, something not allowed under the current policy.
Proposes conversion of Rs 1 lakh crore cumulative losses into bonds or loans.
According to a senior company official, BSNL is in the process of appointing recovery agents on a commission basis to bring back the money.
The Department of Telecommunications is planning to give more powers to the telecom regulator, Telecom Regulatory Authority of India, in the new telecom policy, including the power to impose financial penalties on the erring telecom service providers.
Hilton's inspiring personal memoir seems to have inspired sons of India's top corporate honchos. Only they are not following in their fathers' footsteps to make their presence felt.
The New Telecom policy 2011 and the Spectrum Act are expected to address these concerns.
Tapping opportunities in this growing industry, major players are expanding their business and raising funds through the public market or private equity route.
The exercise is ostensibly for security reasons and to prevent misuse of the freedom of speech in cyberspace.
The new telecom policy-2011 is also expected to come out with new norms for mergers and acquisitions, enhancing rural coverage, and spectrum allocation, among other things.
Samina Vaziralli, daughter of joint Managing Director M K Hamied, was inducted into the company management. Cipla joins the league of major companies such as Lupin, Wockhardt, Elder Pharma, Piramal Healthcare and JB Chemicals in this regard.
This means the regulator can bring rates under regulation once again. Currently, the rates are determined by market forces.
According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
It may be Doktor Mom in Russia, or Farex in India.
Milestone was in an aggressive mode, by hiring more senior people to head its funds and launching new funds.
In talks with Nigeria, Kenya & Niger for development of transmission system.
The issue of which technology to use in wireless broadband services, TD-LTE or WiMax, is becoming keener.
This will enable security agencies to tap any call, real-time chat and data without help from the operators.
The Department of Telecommunications (DoT) has proposed to simplify the country's telecom landscape. It has suggested one tariff for each licence holder across the country, all-India mobile number portability and doing away with roaming charges.
In what could give a big relief to new mobile players, the Department of Telecommunications (DoT) is unlikely to cancel 53 licences - as recommended by the Telecom Regulatory Authority of India (Trai) - for non-fulfilment of rollout obligations.
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