DoT, has decided that it will not cancel the GSM licences of dual-technology companies.
Typically these are high-beta stocks and earnings are volatile
Farooqui will have a 15 month tenure at the helm of the Department of Telecom before he attains superannuation age of 60 years in June 2014.
Department of telecommunication and intelligence agencies have long been demanding access to data on Blackberry phones, which is available only to the owners of the handset. RIM executives had met senior DoT officials recently.
Prasad asked private operators to play a role in skill development.
The government has lost Rs 2,000 crore (Rs 20 billion) in just over a month after 1,300 group A officers, who constitute the top management and technical cadre in telecom giants BSNL and MTNL, rejected the ''inferior'' absorption offer.
Telecom sector has seen phenomenal growth over the past decade or so, says the prime minister.
The recommendations of the commission will now be put before the empowered group of ministers headed by Finance Minister P Chidambaram for a final decision.
This decision was taken at Executive Council meeting of National Association of Software and Service Companies held in Pune.
Companies such as Tata Sons and Bharti Telecom, which are unlisted but have listed subsidiaries, may soon have to file periodic financial statements with the registrar of companies under the new provision of the Companies Act. The provision requires greater financial disclosures by a certain category of unlisted companies.
The much-awaited guidelines on foreign direct investment in telecom are expected to be notified this month with companies likely to be given a maximum of four months
Reliance Jio Infocomm has moved the Bombay High Court seeking approval for amalgamating its long distance services arm Infotel with itself.
The Department of Telecommunications (DoT) has significantly tightened the noose on mergers among telecom operators within a circle by imposing a three-year lock-in period, besides making it mandatory for them to take prior permission from the ministry.
A senior official in the Telecom Ministry said the government is considering an exit option for the new telecom players who are struggling to roll out services.
The DoT estimates that it will receive Rs 29,524 cr in revenue from the telecom industry in FY18, which is 38% less than the Budget revenue target of Rs 47,300 cr for FY18
The bulk of this money will, however, be spent on buying imported equipment, mainly from Europe and China.
Two regional CDMA players - HFCL in Punjab and Shyam Telecom in Rajasthan - have deposited fee for their GSM spectrum as per the dual technology permitted by the government. HFCL deposited Rs 151.75 crore (Rs 1.51 billion) for Punjab circle, while Shyam gave about Rs 32 crore for the Rajasthan circle.
Pointing out to the 133-acre Dhirubhai Ambani Knowledge City on the outskirts of the financial capital, he said there is huge realty play opportunity that RCom's erstwhile corporate headquarters possesses, and pegged the potential value creation at the site at Rs 25,000 crore.
The department of telecommunications, in the draft universal licence guidelines to be signed with telcos which recently won spectrum in the 1800 MHz auction of November, has included a new clause for foreign companies.
The directive by the department of telecommunication has also made it mandatory for equipment vendors to transfer technology to Indian manufacturers within three years of selling machines to any operator.
This fresh case pertains to the tax assessment done by the I-T department for the year 2009-10.
DoT's proposal to impact many, including Vodafone
Electronics major has tied up with Reliance Comm and Tata Tele.
Leading service provider Spice Telecom has said consumer must be given competitive choices to choose from and number of telecom players in a circle cannot be an issue.
An attempt is to be made over the next month to get over the opposition of staff unions to the Pitroda Committee recommendations on the revamp of Bharat Sanchar Nigam Ltd (BSNL), the state telecom network outside Mumbai and Delhi.
Foreign direct investment (FDI) equity inflows in India declined 24 per cent to $20.48 billion in April-September 2023, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at $26.91 billion during the first six months of the last fiscal. Inflows during January-March 2023 also contracted 40.55 per cent to $9.28 billion.
All hell broke loose after the publication of the tapes, recorded by the Revenue Intelligence department between 2008-09, and the Opposition brought Parliament to a grinding halt demanding a certain probe.
13 companies have submitted more than 230 applications for telecom licences and most of these are for a pan-India UASL. DLF and Omaxe join other real estate firms Indiabulls Real Estate, Unitech and Parsvnath Developers to apply for telecom licence.
The government plans to remove the definition of broadcasting services altogether from the bill to help reduce confusion among stakeholders.
The government has issued an advisory to mobile operator Bharti Airtel to document properly all its telecom connections, including broadband.
State-owned power company PowerGrid Corporation Limited has been awarded the national long distance (NLD) license by the department of telecom for its proposed foray into the telecom business.\n\n
Vodafone Idea on Monday paid Rs 2,500 crore to DoT and promised to pay another Rs 1,000 crore before the end of the week.
Telecom operators will have to pay a penalty and immediately de-activate a pre-paid mobile connection if they fail to follow the new norms issued by the government to strengthen the subscriber verification system.
The department of telecom will meet UIDAI chairman Nandan Nilekani on Sept 24 to discuss how the database of nearly 500 million telephone subscribers can be used for issuing the unique identification number.
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