Sistema Shyam Teleservices on Wednesday said that it has no plans to acquire any telecom service provider and it will wait for the outcome of its curative petition filed before the Supreme Court.
The second round of auction is underway and it is expected that it will end by the third round, which could be the shortest online sale of radiowaves in terms of time consumed.
Airtel, Vodafone, Idea, RCom, Reliance Jiosubmitted applications.
Antrix, ISRO's commercial arm, is eyeing 10% of the $357 billion global market.
The auction was shunned by all other companies.
SSTL, whose 21 licences are among those cancelled by the Supreme Court in the 2G spectrum case, offers CDMA telephony services under the MTS brand name.
India's Polar Satellite Launch Vehicle will lift off from Sriharikota on July 10 taking five foreign satellites into orbit, including three earth observation spacecraft whose imagery will be utilised by a Beijing-based company as well as an experimental nano-satellite that will deploy a large, light-weight sail in order to hasten its descent back to earth.
Spectrum trading will happen in 9 circles.
On the back of this, leading GSM incumbent Bharti Airtel's shares opened on a bullish note and then gained further ground and touched an early high of Rs 334.55 on the BSE, higher by 8.96 per cent from its previous closing price.
SSTL is the second operator after Vodafone that has approached FIPB for raising FDI limit.
Heralding a new era, India on Friday night launched its heaviest commercial space mission ever with its polar rocket successfully putting five British satellites into the intended orbit after a flawless takeoff.
The rates will come into effect from May 15 and users will be able to avail these lower rates for a period of one month, SSTL -- a joint venture between Russia-based Sistema and India's Shyam Group -- said.
The polar satellite launch vehicle-C42 launch vehicle carrying the two satellites blasted off from the first launchpad at the Satish Dhawan Space Centre at 10.08 pm.
The FIPB, headed by Finance Secretary Arvind Mayaram, at its meeting on Tuesday considered 35 proposals.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
Reliance Communications Ltd (RCom) on Friday announced the sale of 51 per cent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore.
The Supreme Court in February, 2012 had quashed 122 2G licences.
Two brothers have begun collaborating in certain businesses.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
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