Airtel already offers services in Sri Lanka, Bangladesh and 17 African countries apart from India.
Former Telecom Minister Sukhram has been held guilty by a Delhi court of misusing his official position when he was in the P V Narasimha Rao cabinet and giving undue favour to a cable supply company in a 15-year-old case.
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.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
A day before he is to surrender to undergo a three-year jail term in a 1993 telecom scam, former Union minister Sukhram on Wednesday moved the Supreme Court seeking stay on the Delhi high court order which had upheld his conviction in the case.
Telecom sector has seen phenomenal growth over the past decade or so, says the prime minister.
Despite its run-in with the Ministry of Corporate Affairs, Mumbai-based GSM telecom service provider Loop Telecom will launch its services in the Tamil Nadu and Orissa circles by next week.
India's second largest IT services company Infosys on Thursday reported a 3.1 per cent year-on-year rise in net profit to Rs 6,215 crore for the September 2023 quarter. The earnings (before minority interest) of the Bengaluru-based company stood at Rs 6,026 crore in the year-ago period. The company - which competes in the IT services market with TCS, Wipro, HCL Technologies and others - saw its revenue rising 6.7 per cent to Rs 38,994 crore for the just-ended September quarter.
The company declined to disclose the names of the firms it was acquiring as the regulatory clearances and some negotiations are still in process.
Billionaire Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum, which will pitch it directly against Mukesh Ambani's Reliance Jio and telecom czar Sunil Bharti Mittal's Airtel, sources said. Applications for participating in the July 26 auction of airwaves, including those capable of providing fifth-generation or 5G telecom services such as ultra-high-speed internet connectivity, closed on Friday with at least four applications. Jio, Airtel and Vodafone Idea -- the three private players in the telecom sector -- applied, three sources with knowledge of the matter said.
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
After targeting employees in the sectors of insurance, banking and hospitality, militants in Manipur have now targeted mobile operators in the state to continue their activities of extortion and abduction.The militants had earlier burned down mobile towers after employees of telecom companies refused to fulfill their demands. In February, militants of the Kangleipak Communist Party (Nongdrenkhomba faction) outfit burnt down a mobile tower and gunned down a security personnel.
Telecom Italia is targeting to reduce the debt significantly over the period 2009-2011. It plans to reduce net debt to earnings before by interest, tax and depreciation and amortisation ratio to 2.3 at the end of 2011 from over 3 at present.
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.
The continued growth in the communications sector, especially mobile subscriber base, is expected to push further the level of energy consumption by networks, Trai said while releasing a consultation paper 'Green Telecommunications'.
The CBI on Wednesday called Loop Telecom, CEO Sandeep Basu, Chairman of Shyam group Rajiv Mehrotra, former telecom minister A Raja's brother A K Perumal and close aide Sadiq Batcha, for questioning in relation with the 2G spectrum scam.
The chairman and group managing director of Bharti Enterprises, Sunil Bharti Mittal, was chosen the best Asian Telecom CEO
The government is not in a "crazy rush" to sell everything and it will continue to have a presence in four strategic sectors, including telecom, Finance Minister Nirmala Sitharaman said on Saturday. In strategic sectors, a bare minimum presence of the existing public sector commercial enterprises at the holding company level will be retained under government control. The remaining enterprises in a strategic sector will be considered for privatisation or merger with another PSE or for closure.
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.
With the heat over the 2G telecom spectrum scam rising, the Telecom Regulatory Authority of India on Thursday recommended the cancellation of 34 telecom licences of companies, including Etisalat, Uninor, Loop Telecom and Siestema, due to non-compliance of roll-out obligations.
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.
Israel's Tadiran Telecom on Wednesday entered into a strategic alliance with BPL Telecom to sell its enterprise products including advanced digital PBX systems in India and said it would set up a joint venture with the Indian company for local manufa
India can build new technology in the telecom sector that leapfrogs the legacy systems in the West and leverage these systems to serve the global market, Satyam Computer Services director T R Anand said on Monday.
Private telecom operators have managed to grab 43 per cent of the total revenue generated from telecom services during 2004-05, says a leading communications business magzine.
Company has around 70,000 towers and it will explore various business models that can realise value of its infrastructure
The joint venture of Jio Financial Services and BlackRock to foray into India's asset management space could be disruptive but not disastrous for incumbent industry players, analysts said on Thursday. As an investment strategy, analysts suggest investors stay put in shares of those AMCs that consistently improve business metrics, and where market capitalisation-to-asset under management (AUM) valuation is not stretched. However, growth expectations of incumbent players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans, discounting the looming challenge as significant enough to dent their profitability.
The plan of action ranges from drawdown of loans to seeking additional guarantees, to even recalling some of the loans, if the situation so warrants.
The bulk of this money will, however, be spent on buying imported equipment, mainly from Europe and China.
Mukesh Ambani, chairman and managing director of Reliance Infocomm has been chosen the 'Telecom Man of the Year 2004
Various corporate houses and multinational companies including AT&T, Russian firm Sistema, Sterlite, Hindujas, DLF, Parsavnath, Videocon and others have entered the fray to get telecom licences.
DB Reality and Swan Telecom promoter Shahid Usman Balwa was on Friday sent to Tihar Jail by court and remain in under judicial custody till March 3.
Amid a raging controversy over the 2G spectrum scam, Minister of State for Telecom Sachin Pilot said most of the allegations that are cropping up date back to the National Democratic Alliance regime.
The government on Wednesday said the Mahanagar Telephone Nigam Ltd board has approved the bid for acquiring stake in Rwanda Telecom.
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