The government has sent show-cause notices to 5 telecom firms including Reliance Communications and Tata Teleservices for alleged understatement of revenues of over Rs 10,000 crore.
The TDSAT bench, headed by its chairman Justice S B Sinha, asked Bharti Airtel to file a short reply by Tuesday over Asergis's allegations.
After a complete wipe-out of net worth, the company is looking for strategies to stay afloat. Either a competitor could take it over or it could merge with others.
The company wants to woo post-paid customers and rent out its assets to cut debt.
Will give up extra airwaves in 15 service areas but will retain 3.75 megahertz in the Delhi and Mumbai.
Montek Singh Ahluwalia supports operators' plea. He tells the finance minister that existing players should not be charged for the remaining licence period.
In these two cities, TTSL has 5 MHz of spectrum but will surrender only 1.25 MHzy. Company executives say 3.75 MHz in these two high data usage markets will be adequate to ensure services like Tata Photon Max, the bulk of whose revenues come from these two cities, are not impacted.
Tatas may look at selling part of its stake in couple of investments
Govt petition separated from others, to be heard in open court on Apr 13
Tata Indicom's CDMA, GSM, 3G and Photon platforms will now be available under the unified brand Tata Docomo.
The company is in a financial storm, as its biggest investment, on the 4,000 Mw Mundra Ultra Mega Power Project (UMPP) didn't go according to the script.
Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.
Cabinet defers decision on fee for additional spectrum with CDMA players.
The GSM service arm of Tata Teleservices Limited has invested close to Rs 50 crore (Rs 500 million) for the campaign featuring Bollywood actor Ranbir Kapoor.
Firms to pay Rs 24,700 cr if spectrum formula is accepted.
Former Telecom Minister A Raja's private secretary R K Chandolia had threatened several senior telecom ministry officials to ensure grant of spectrum to Swan Telecom which was ineligible for getting the spectrum licence, Central Bureau of Investigation said on Saturday in its chargesheet on 2G scam.
Operators, including Tata Teleservices, have submitted the compliance report for messenger services to the department of telecommunications.
Customers of Vodafone, Idea Cellular, Tata Teleservices and BSNL in some circles have reported maximum discrepancies in their phone bills, according to a latest report by telecom regulator TRAI.
After pioneering per-second billing for mobile telephone calls, Tata Teleservices, which offers both GSM and CDMA services, has again unleashed an interesting initiative. It says its subscribers would be compensated if the company failed to meet pre-determined levels of service standards.The new 'Customer Service Charter' for its Tata Indicom users would include five customer commitments such as bill disputes, call drop and handset replacement, among others.
TTSL is now behind only Bharti Airtel, Reliance Communications and Vodafone, the company said in a statement.
Tata Teleservices Ltd has decided to pull out of the upcoming 2G spectrum auction, leaving no takers for spectrum in the CDMA 800-MHz band. This will deprive the government of around Rs 18,300 crore.
In a major telecom deal, Tata Group sold 9.9 per cent equity in its privately held company Tata Teleservices to Singapore telecom giant Temasek Holding, presumably for about Rs 1,500 crore (Rs 15 billion).
Huawei, the other big Chinese vendor, is yet to decide on the issue.
The Cellular Operators Association of India has older players like Bharti Airtel, Vodafone and Idea Cellular as its core members. Sanjay Kapoor, CEO of Bharti Airtel, was elected chairman of COAI last week.
Anil Ambani led Reliance Communications (RCom) on Monday launched its 3G services in four circles making it the second private operator after Tata Teleservices to start the service this year.
A Bench headed by Justice Altamas Kabir sought an reply from 11 repondents Telecom Regulatory Authority of India, Association of Unified Telecom Service Providers of India, Reliance Communications, Tata Teleservices, Vodafone Essar Mobile Services, Cellular Operators Association of India, Bharti Airtel, Idea Cellular, BPL Mobile Communications, HFCL Infotel, and Spice Communications -- as to why they should not pay ADC to BSNL.
The government on Tuesday invited financial bids from all the nine applicants, including Bharti Airtel, Vodafone, Tata Teleservices and RCom, who had applied for participating in 3G spectrum auction.
In an interview at the GSMA conference in Barcelona on Tuesday, Mittal broke his silence on the scam and the very public spat between Tata Teleservices and Reliance Communications: "My plea is that the industry shut their mouths; zip up and let the various investigative agencies do their job," he said.
The Tata group companies are now more valuable than all the listed central public sector undertakings (CPSUs) or companies in the country. The key 20 listed Tata companies ended the 2021 calendar year with a combined market capitalisation of Rs 23.36 trillion, ahead of the 70 listed CPSUs, which had a combined m-cap of Rs 23.2 trillion. In comparison, these CPSUs had a combined market capitalisation of Rs 16.7 trillion at the end of December 2020 against the Tata group firms' combined m-cap of Rs 15.7 trillion.
The Foreign Investment Promotion Board has made it clear that Press Notes 2 and 4 issued in February 2009, which changed the way indirect foreign equity would be treated in calculating foreign investment levels in Indian corporations, cannot take effect retrospectively for proposals before the board.
Among the businesses that need consolidation are retail and defence
The government will soon resolve the security concerns surrounding third-generation (3G) video calls.
Subscribers will get free talk-time based on their purchases at the group's stores.
Dubbing the debate triggered by Rajya Sabha MP Rajeev Chandrasekhar with Ratan Tata on 2G spectrum as 'futile', a Tata Group firm on Friday said his attack on a former telecom regulator was a 'cheap gimmick'.
The handset will be available at all authorised Tata Indicom retail stores across the country and will have a combination of pre-paid and post-paid plans, Tata Indicom said on Thursday.
The anti-corruption branch of the Central Bureau Investigation has given a clean chit to Tata Group chairman Ratan Tata in the 2G spectrum scam.
Airtel, Vodafone-Essar favour delinking; Reliance, Tata oppose.
The company shot off its second letter to the Department of Telecom in the last four days, seeking clarifications from the government.
Claiming that the Central Bureau of Investigation had "overlooked" the role of Ratan Tata and corporate lobbyist Niira Radia in the 2G spectrum allocation scam, an application has been moved in a Delhi Court seeking further investigation into the matter.
It is the first private telecom firm to launch 3G mobile services in the country.
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