The firm is looking to raise as much as Rs 1,000 crore through short-term commercial paper.
The CAG has suggested canceling nationwide broadband spectrum allocated to Infotel Broadband Services, now a Reliance Industries company, for allegedly rigging the auction and violating rules.
He is the former head of OnMobile, a mobile value-added services firm. He had resigned from the company in July over a 'corporate governance issue.
While Reliance/Infotel Broadband stands to gain if Qualcomm is forced out of the BWA race, will the potential Indian consumer of broadband wireless services gain from this unseemly tussle? That is a question that remains unanswered.
RIL, RCom working on partnership blueprint.
Despite the increased business risks, the rating agency affirmed Baa2 ratings, three notches down from the highest grade, with a stable outlook for RIL, Moody's Investor Service said in its weekly outlook.
Vendors say Infotel Broadband close to signing tower leasing deals with Anil Ambani company
Bharti Infotel announced the launch of Wi-Fi service over digital subscriber line in Delhi, Haryana, Tamil Nadu and Karnataka, a move that would enable subscribers to surf the Internet wireless at their homes and offices with speed upto 8 Mbps.
Bharti Airtel customers can now avail its 4G data plans starting from Rs 450, down 31 per cent from Rs 650 earlier in Bengaluru, Kolkata, Pune and Chandigarh circles.
According to documents accessed by Business Standard, RIL increased its direct stake in Jio to 98.9 per cent as on March this year by pumping more capital into the company.
RIL mulls launching tablets at around Rs 3,500 and bundle it with data offering 1 GB at Rs 10, a tenth of the current 3G prices.
Company now plans to use 1800 MHz band spectrum as the primary wave while the 2300 Mhz wave will be supplementary for enterprise customers.
Right after it returned to the telecom sector by acquiring Infotel Broadband, Mukesh Ambani's Reliance Industries (RIL) began discussions with brother Anil Ambani's mobile service provider, Reliance Communications (RCom), for a possible sharing of infrastructure.
According to senior officials in the department of telecommunication 20 Mhz of spectrum has been given to the four firms -- Infotel, Bharti, Aircel and Tikona Digital, which have licences to offer services.
Mukesh Ambani-led Reliance Industries on Friday agreed to acquire Infotel for Rs 4,800 crore (Rs 48 billion) in a deal that values the Mahendra Nahata group internet service provider at about Rs 5,000 crore (Rs 50 billion).
The government on Friday said successful bidders for BWA spectrum -- including Infotel, which was acquired by Mukesh Ambani-led RIL -- will get the frequency next week, paving the way for subscribers to get mobile broadband services by the end of this year.
Over a third of Ambani's speech was focussed on RIL's plans.
DoT and the company have not done anything that breached the guidelines mentioned in the notice inviting applications for the auction of the BWA spectrum in 2010, it stated in a reply to CAG's draft audit report.
Leading telecom players like RCom, Tatas, Vodafone and Idea Cellular failed to bag a single circle for Broadband services, saying the BWA spectrum price was too high to make a viable business case.
The Aam Aadmi Party has demanded the dismissal of Telecom Minister Ravi Shankar Prasad alleging a conflict of interest that has prevented him from issuing a notice to Mukesh Ambani's Reliance Jio on the 4G issue, a charge vehemently denied by Prasad who said he never gave advice or appeared for the company.
Bharti Tele Ventures Ltd has informed the Bombay Stock Exchange that Bharti Infotel Ltd, a wholly owned subsidiary of the company has signed an agreement with Max India to acquire 100 per cent equity stake in Comsat Max, a leading provider of VSAT an
The company will wait for sizeable user base for better valuation.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances