World's second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore (Rs 101.41 billion) in raising its stake in the Indian arm to 100 per cent.
Govt is set to garner Rs 1 lakh crore from sale of radiowaves.
Access spectrum is airwaves used for transmitting wireless signals on mobile devices from mobile towers.
The government has approved 16 foreign direct investment proposals, including that of Russia telecom firm Sistema and Italian fashion retailer Dolce & Gobbana, envisaging a total inflow of Rs 647.48 crore (Rs 6.47 billion).
Bharti Airtel, Vodafone, Reliance Jio Infocomm and five other telecom firms will battle it out at the spectrum auction tomorrow, from which the government expects to garner at least Rs 11,300 crore (Rs 113 billion).
Telecom Regulatory Authority of India on Monday slashed termination charges by 33 per cent.
The telecom spectrum auction entered the 33rd round of bidding today after starting off from the Rs 52,689 crore (Rs 526. 89 billion) mark this morning.
DoT had raised the demand on December 22 and asked RCom to pay within a month.
Its says reconsider lower reserve price, uniform usage charges; GSM players to bear the brunt.
DoT decides not to scrap dual-technology telecom licences
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
The country's wireless subscriber base fell to 87.05 crore at the end of September, registering the first drop in five months, after Reliance Communications deactivated services of over 1 crore "unprofitable" users.
At Rs 2,685 crore for 1MHz pan-Indian spectrum, reserve price would be 52% higher than that of 1,800MHz band
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.
Spectrum trading will happen in 9 circles.
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
Jio's disruptive strategy, including free voice services and data at throwaway rates, apart from offering all services free for six months, triggered a consolidation in the telecom sector.
Drones are being sold by e-retailers like Flipkart and Snapdeal for less than Rs 40,000 apiece.
