Despite several high-profile cases of sexual harassment, Indian firms largely seem to be in denial. It's time they woke up to reality, but the whole issue is also a lot more complicated than it appears.
Going by application dates, companies like Spice, Birla-promoted Idea Cellular, Reliance Communications (through Swan and Cheetah) and Hindustan Futuristic are in the lead for licences in different circles. The only new player in the list is the little-known ByCell.Several incumbents like Idea Cellular, Maxis-Aircell, owned by a Malaysian promoter, and Vodafone-Essar lead the list of applicants for initial spectrum allocation since they already hold licences.
Analysts expect that Bharti Airtel, Reliance Communications (RCom) and Idea Cellular will post over 50 per cent annual growth in revenues (year-on-year) and more than 10 per cent sequential growth (over the previous quarter). Bharti continues to lead in the subscriber addition race (2.1 million in August).
Telecom Minister Ravi Shankar Prasad said that there were 31 complaints of call drops against the company in 2015
BSNL, Tata Teleservices and Reliance Communications, who also provide GSM technology-based services, are not part of the report.
BK Modi-promoted Spice Group and British Virgin Mobile have bid for MTNL's franchise deals to offer 3G services in Mumbai and Delhi.
With at least seven more mobile service providers planning to launch operations in the Mumbai circle, following in the footsteps of GSM player Idea Cellular, the market is slated to become the country's most competitive and fierce telecom zone.
The division bench of Justices F I Rebello and D G Karnik on Monday reserved orders as to whether the Birla group's petition is admissible or not. The order will be passed on Tuesday. In the present case, the issue is whether the Birla group is liable to pay capital gains tax on the share-purchase transaction worth $150 million with AT&T Mauritius (subsidiary of AT&T).
The total revenues and net profit of the top six Indian telecom players, Bharti Airtel, Reliance Communications, BSNL, Hutchison Essar, MTNL and Idea Cellular, more than doubled during the last two years.
Ignoring advertising will get increasingly difficult with billboards now being able to beam video advertisements directly to passing cellphones
Demand on capital gains on Idea share sale by Mauritius subsidiary; Fema and telecom regulation violations also alleged
Communications Minister A Raja on Monday told Parliament that there was no "contractual agreement" between government and telecom operators to allot spectrum beyond 6.2 MHz, a move that could hurt GSM players like Bharti, Vodafone and Idea Cellular. Raja also ruled out auctioning of spectrum saying this was not feasible based on previous experiences, especially in 1993 when operators were not able to fulfill their roll out obligations.
From being a one-off option, product placements are soon taking the form of a sustained campaign.
In his letter dated October 19, Anil Ambani points out that while the top three GSM players -- Bharti, Vodafone-Essar and Idea Cellular -- have acquired an additional 52 million subscribers in the past few years without allocation of any additional spectrum, something they have constantly told the government that they do not have sufficiently.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
A Delhi consumer forum has asked telecom operator Idea Cellular Ltd to pay Rs 10,000 to a person as compensation for giving a bill inflated by Rs 3.50.
Making the things worse, those hitting their record low share prices included big names like Reliance Power, Cipla, Ranbaxy, Ambuja Cement, Hindalco, Indian Hotels, Jaiprakash Associates, Jet Airways, Suzlon Energy and Idea Cellular. Realty majors DLF Ltd, Unitech, Parsvnath, Sobha Developers, Omaxe and Puravankara also plunged to their all-time lows.
The deal is expected to be struck at $150 million (about Rs 600 crore). If the deal goes through, it will mark the entry of Indian companies in Hollywood studios.
Telecom to Telekom Malaysia in an attempt to complete the merger, sources involved in the negotiations said, declining to be identified. The group has hired Enam Financial as adviser to the transaction. Investment banking sources said the lawyers from both the parties are now busy structuring the deal so that the acquisition meets all the regulatory norms of the country and the Birlas retain control over Idea Cellular.
"There is no contractual agreement to give spectrum beyond 6.2 MHz. We are releasing more spectrum based on subscriber base as suggested by telecom regulator Trai," Raja said in the House while replying to a question. Spectrum is radio frequency used for offering wireless telecom services. Currently, spectrum allocation norms, which were revised in August 2007, are being followed while the Teleconm Enginering Centre report is awaited.
Bhupendra Kumar Modi of Spice Corp on Thursday sent an expression of interest to the new Satyam Computer Services board to acquire the fraud-hit company.
Experts argue that the cost savings both in terms of capex as well as operating costs can be substantial in the next one to two years.
The bidding companies have the choice of either bidding individually or as a group.
The bidding companies have the choice of either bidding individually or as a group.
Launching a counter offensive in the ongoing controversy over stake holding in Idea Cellular, Tatas on Tuesday dubbed the position of joint venture partner AV Birla Group as "misleading" and asserted that they were under no legal obligation to exit f
IBM chairman, president & chief executive officer Samuel J Palmisano is scheduled to meet Reliance Communications chairman Anil Ambani
Market regulator asks bankers to use real time gross settlement system for IPOs.
The reason is believed to be a 19% increase in interest cost.
The Indian cueist proved too good for former World champion C Praput of Thailand in the final.
Pankaj Advani also made the grade in the fourth Asian Billiards Championship.
In times of high interest rates, it is not a very bright idea to take a loan and invest in an IPO
The total subscriber base crosses 115 million mark.
The Department of Telecom may bar operators holding 3G airwaves from sharing the high-speed spectrum.
The Indian national champion will meet C. Praput of Thailand in the title round of the Asian Billiards Championship.
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