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.
Telekom Malaysia might partner with strategic investors to increase their combined stake in Spice Communications to 74 per cent. The Malaysian giant has 39.20 per cent equity in the telecom company and foreign institutional investors hold 9.59 per cent, taking the total foreign holding to 48.79 per cent.
The actor has inked an endorsement deal with a new Telecom entrant.
India plans to push ahead with listing Bharat Sanchar Nigam, the state-owned telecoms group, in what would be the country's first large privatisation since the government came to power four years ago.
Even more curious, while the law says foreigners can have only up to 74 per cent equity in a telecom firm in India, the 3G Information Memorandum says foreigners can bid without having Indian partners if they win the bid, they can then set up an Indian firm and comply with the rules.
Addressing a hurriedly called press conference to clear his position in the wake of Left parties demanding a probe, alleging Rs 60,000 crore (Rs 600 billion) loss to the exchequer in spectrum allocation, the minister said that Trai recommendations were followed in letter and spirit.
The telephone subscriber base was 996.49 million at the end of March.
Tata group company VSNL has signed an MoU with leading global telecom firms to construct a new submarine cable linking India, the Middle East and Western Europe.
Telecom operator Vodafone has been the top gainer of customers through mobile number portability facility while Reliance Communications is the biggest loser.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
A 67-year-old Indian visitor was stopped from entering the Dubai Metro, apparently for wearing a traditional Indian dhoti.
The Supreme Court in February, 2012 had quashed 122 2G licences.
The network has been built by six telcos to handle high bandwidth demands of emerging technologies and applications.
The fear of another scam pushed the government into a rather long period of so-called 'policy paralysis'. To play it safe, the price of spectrum in all subsequent auctions was benchmarked to the high 3G rates, says Surajeet Das Gupta.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
He allegedly advanced the cut-off date to favour accused firms in allocation of 2G licences.
DoT decides not to scrap dual-technology telecom licences
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
Though Indians were no strangers to scams, spectrum loss was beyond their wildest imagination.
But, unlike its competitors, it did not have a comprehensive infrastructure back-end and required fresh investments.
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