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.
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.
Govt to review decision after demand assessment.
Subscriber churn costs operators heavily, retailers make Rs 7.7k cr a year.
Idea tops list of companies with high percentage of active subscribers.
For mobile customers who thought the high price of 4G devices would keep them away from high-speed internet, here is the game changer.
The broadcaster had bought the stake in 2004.
Government makes observation in reply to attorney general's question for Presidential reference
Toughens stand days before cooling-off period ends
Reebok's staff to get voluntary retirement option, stores may be reduced by a third.
Videocon starts race, says will bid in eight circles, expects 5-MHz spectrum to go for Rs 20,000 crore
A presentation by the CBI to a Joint Parliamentary Committee last week said the decision led to a loss of Rs 508 crore to the exchequer.
The Enforcement Directorate (ED) is proposing a penalty on German sportswear giant Adidas' subsidiary Reebok India for alleged violations of the Foreign Exchange Management Act (Fema).
In a major relaxation of foreign investment rules in the pharma sector, a special group set up under the finance ministry has suggested it could consider permitting up to 49 per cent FDI (foreign direct investment) in the automatic route for brownfield investments in case the company's control remained in Indian hands.
Migration option scrapped for incumbent telecom operators; EGoM meets under Pawar today.
International telcos such as Russia's Sistema and Norway's Telenor and foreign investment funds such as KAIF Investments Mauritius and Capital Global Ltd (investors in Loop Telecom) have sent legal notices to the Indian government under the respective Bilateral Investment Promotion & Protection Agreement or Comprehensive Economic Cooperation Agreement.
In a move that could hold a flicker of hope for telecom operators, who have been opposing the high base price for the auction of 2G spectrum, the empowered group of ministers (EGoM) has quietly modified the key objective of the auction. The text of the objective has been tweaked from "revenue maximisation" to "maximising revenue but within set parameters" determined by the government.
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