This partnership elevates Intelenet's position and makes the company the first player to offer finance and accounting processes in the telecom vertical, a press release issued here stated.
The Delhi High court on Monday directed Tata Teleservices to pay within four weeks 50 per cent of the demand of Rs 95 lakh raised by BSNL for interconnectivity on limited mobile service brand 'Walky'.
The department had initiated proceedings against Vodafone and TTSL in 2011 on the ground that the companies had allegedly failed to deduct tax deducted at source (TDS) for those assessment years.
Tata Indicom's CDMA, GSM, 3G and Photon platforms will now be available under the unified brand Tata Docomo.
The handset will be available at all authorised Tata Indicom retail stores across the country and will have a combination of pre-paid and post-paid plans, Tata Indicom said on Thursday.
The GSM service arm of Tata Teleservices Limited has invested close to Rs 50 crore (Rs 500 million) for the campaign featuring Bollywood actor Ranbir Kapoor.
Tata Sons Private Limited, the holding company of the Tata group, witnessed a precipitous drop in its net debt to Rs 5,656 crore in the 10 months ended January this year, as its cash reserves burgeoned to Rs 9,516 crore during this period. Eight years ago, in 2015-16, Tata Sons reported a net debt of Rs 5,132 crore; from March 2017 until March 2023, this figure was above the Rs 14,700 mark, peaking at Rs 27,437 crore at the end of March 2019, according to data sourced from Capitaline. The company's gross debt nearly halved to Rs 15,173 crore until January 2024 on a standalone basis, down from a peak of Rs 31,363 crore reported in the financial year ended March 2019.
A bench headed by Justice H S Kapadia, while dismissing Tata Teleservices and Reliance Communication's petitions, has upheld telecom tribunal TDSAT's order of September 2005 that held these services are not fixed lines telephones, but limited mobile. The Supreme Court had earlier reserved its judgement on a petition filed by Tata Teleservices challenging the telecom tribunal's order which classified the company's fixed wireless phone service 'Walky' as limited mobile.
In yet another instance of evasion of levy, Bharat Sanchar Nigam Ltd has asked private operators Tata Teleservices and Reliance Infocomm to pay up the charges for positioning their fixed wireless phones as mobile services.
Global communications major Motorola said on Wednesday that it has bagged a $43 million contract from basic operator Tata Teleservices for deployment of Code Division Multiple Access network in Maharashtra, Mumbai and Goa.
The wireless in local loop services will cost more as a result of the latest order by the Telecom Regulatory Authority of India to enhance the rates of basic telephones from April one.
After endorsing Lotto, Malabar Gold and HPCL, tennis star Sania Mirza has been roped in by Tata Indicom with the launch of a limited edition of 'Signature Series' of handset called 'Sania Fone'.
"The government has imposed a lot of regulations, and is not permitting major technological upgrade," Tata said.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
The Supreme Court on Wednesday reserved its judgement on a petition filed by Tata Teleservices challenging the telecom tribunal's order, which classified the company's fixed wireless phone service 'Walky' as limited mobile. TDSAT had ruled that Walky service offered by Tatas was a mobile service, thus the private company was liable to pay a levy called Access Deficit Charge (ADC) to state-owned BSNL as per the interconnect order of telecom regulator Trai.
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A Bench headed by Justice Altamas Kabir sought an reply from 11 repondents Telecom Regulatory Authority of India, Association of Unified Telecom Service Providers of India, Reliance Communications, Tata Teleservices, Vodafone Essar Mobile Services, Cellular Operators Association of India, Bharti Airtel, Idea Cellular, BPL Mobile Communications, HFCL Infotel, and Spice Communications -- as to why they should not pay ADC to BSNL.
The investigating agency wants to ascertain the actual purpose of the deal.
Fixed telecom operators like Tata Teleservices, whose fixed wireless phone service has been labeled as limited mobile service by the department of telecom, might petition Prime Minister Manmohan Singh.
Ending a month-long stalemate over interconnectivity, Telecom Regulatory Authority of India on Thursday directed Bharti to allow its network for the calls originating from Tata Teleservices' wireless in loop-based limited mobile services.
The approval comes few days before the company has to clear statutory liabilities of up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is spectrum dues.
Telcos may hike mobile rates to recover spectrum cost: Moody's
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