The government on Friday welcomed the verdict of telecom tribunal TDSAT dismissing a petition by Reliance challenging a penalty of Rs 150 crore.
Reliance Infocomm, the largest private telecom service provider in the country, has deployed Veraz networks' I-Gate 4000 PRO media gateways, supporting 60,000 ports for international long-distance VoIP traffic.
The telecom tower-transmission business is going to see a shake-up with cash-rich and independent companies moving in with aggressive plans.
Reliance Mobile will launch BlackBerry Tour smartphone for its CDMA customers priced at Rs 27,990.
Reliance Jio Infocomm, expected to start commercial operations in the Indian telecom space in the next few months, had a net worth of Rs 5,026.16 crore, the company said in a statement submitted to the Department of Telecommunications (DoT) on Monday.
The government said on Tuesday it was very clear in its stand imposing a penalty of Rs 150 crore (Rs 1.5 billion) on Reliance Infocomm for violating the licensing conditions by diverting international calls as local calls.
Leading business groups of the country like Reliance and the Tatas have shown interest in entering the Sudanese market, Ambassador of Sudan in India Abdal Mahmood Adbal Haleem Mohammad said on Monday.
Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains "a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines."
Like Bharti, India 's largest mobile operator, Reliance has global aspirations. After losing last year's keenly-contested $11bn takeover of Hutchison Essar, India 's fourth-largest mobile operator, to Vodafone of the UK, Reliance needs to raise its game or risk becoming an also-ran.
The Telecom Commission is considering imposing fines of Rs 400 crore (Rs 4 billion) on seven telecom service providers for delay in commissioning of services. A note for this purpose was put up for consideration last month.
Despite posting a loss, the company has declared a modest dividend.
.jpg)
At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
Mukesh Ambani-led Reliance Retail on Friday said it would set up 55 stores for home appliances and electronic goods across the country over the next two years.
Following a directive from the Delhi high court, Reliance Infocomm has deposited Rs 40 crore (Rs 400 million) with Bharat Sanchar Nigam Ltd
The months-long row between Tatas-owned Videsh Sanchar Nigam Ltd and Reliance-controlled FLAG Cables over the bandwidth issue was resolved on Wednesday.
FLAG Telecom, a Reliance group company has denied media reports alleging that it has resorted to high pricing impacting the growth of Indian business process outsourcing units and information technology enabled services.
In the third infrastructure sharing agreement between firms run by brothers Mukesh and Anil Ambani, Reliance Industries' telecom arm has agreed to use Reliance Communication Ltd's intra-city fibre network to roll out 4G services.
Reliance Communications could become a much more formidable opponent.
Reliance Communications, India's second-largest wireless operator, will launch phone services in Uganda by year-end, marking its first foray into international mobile phone markets.
Reliance Communications-owned FLAG system has won a case against Tatas-owned Videsh Sanchar Nigam Limited in the International Court of Arbitration, which makes it eligible for upgrading capacity of international bandwidth.
All directors, key officials, and shareholder speakers will be visible and audible and thousands of shareholders, including those from the US, UK, Canada UAE, Japan, HongKong, Singapore, Malaysia, and Australia, will be able to post their questions and eVote on resolutions.
During the said period, the Consumer Complaints Council of ASCI found 15 advertisers, including Reliance Communications and Idea Cellular, fast moving consumer goods player Dabur and Elder Pharma and coaching centre Career Launcher, violating the council's code.
Rahul has singled out Anil Ambani several times for winning the Rafale defence contract from the Narendra Modi government, alleging favouritism and corruption.
Reliance Industries on Friday said that their offer of roaming facility across 673 cities on WLL phones was "well within the licence conditions" and the company has communicated this to Telecom Regulatory Authority of India.
Trai and telecom companies are divided in their views on the issue of raising the foreign direct investment (FDI) limit in various media-related activities like cable television, direct-to-home, etc. Trai has proposed across-the-board increase in the FDI limit across cable (49 per cent), DTH (49 per cent), HITS (no existing limit) and satellite radio (no existing limit) to 74 per cent, as allowed in the telecom sector. Companies like Bharti Airtel are supporting this proposal
Bharti Airtel on Friday announced the closure of its agreement with Reliance Jio Infocomm to transfer the 'Right to Use' of Airtel's 800 MHz spectrum in three circles to Jio. Airtel said it has received Rs 1,004.8 crore (net of tax) from Jio for the proposed transfer.
The Bomby high court on Friday approved the Reliance Industries Limited's demerger scheme, which sought to make changes in the company's shareholding pattern as part of a settlement between Ambani siblings, Mukesh and Anil.
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.
The interconnection charge has been reduced.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
Bharti Chairman Sunil Mittal says his company will be one of the biggest and most preferred telecom providers in India.
A high-powered group of ministers on Thursday decided to go for a unified licence regime for telecom services, a move seen to resolve the ongoing battle between basic and cellular operators on limited mobile services.
Two brothers have begun collaborating in certain businesses.
Billionaire Mukesh Ambani on Monday introduced daughter Isha as leader of his conglomerate's retail business as he details succession planning at India's most valuable firm. Ambani had previously named son Akash as chairman of the group's telecom arm, Reliance Jio. At Reliance Industries Ltd's 45th annual shareholders meeting, Ambani introduced Isha as leader of retail business as he invited her to speak on integrating WhatsApp with the retail business.
Telecom subscriber base crossed the 95-crore mark in August, after a gap of more than two years, on the back of higher mobile users whose number touched 92.43 crore.
