Indian telecom companies are investing over Rs 60,000 crore (Rs 600 billion) in 2007-08 to finance a massive expansion of their mobile networks, infrastructure and subscriber numbers.
Reliance Communications is in advanced negotiations with three top US-based telecom tower companies for divesting a strategic 26 per cent equity stake in Reliance Telecom Infrastructure.
The Department of Telecommunications has suggested forfeiture of the performance bank guarantee given by Hutchison-Essar and imposed a penalty of Rs 50 crore
Also looks at creating a level-playing field for GSM and CDMA players.
The telecom major has paid over $ 103 million to get the rights for eight years, which include two World Cups, the 20-20 World Cup and the Championship Trophy.
In a strong pitch for limiting cut-throat competition, GSM operators have urged the government to limit the number of telecom operators per circle.
Pashupathy added that while the translation technology was in the experimental stage, it could dramatically change the way customers view content.
GR Gopinath, chairman of Air Deccan (in which Vijay Mallya has picked up 26 per cent), says the policy is blatantly tilted towards protecting just two carriers - Jet Airways and Air-India - to maintain their monopoly in the international skies.
It was Arun Sarin's first and only press conference in India on October 28, 2005. Vodafone had just bought a 10 per cent stake in Bharti.
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