DoCoMo's exit from Tata Teleservices highlights the struggle of smaller operators even as the outlook improves for bigger players.
Among the businesses that need consolidation are retail and defence
Tata Teleservices has become the first service provider to offer mobile TV on high speed broadband wireless by launching Photon TV, which allows users to access channels on desktops and laptops.
In a blow to Tata Teleservices, the Telecom Regulatory Authority of India has asked the company to refund the excess amount charged from customers under its Walky plan.
Tata Teleservices said on Monday that it is unfair and incorrect to compare the company with dual technology operators like RCom and others as they had applied and got the approval even before the policy came into effect.
In what can be termed as the biggest write-off by an Indian firm, CDMA service provider Tata Teleservices is planning to restructure the company to offset losses of around Rs 5,141 crore (Rs 51.41 billion) by way of capital revamp.
Cyrus Mistry, who was replaced as chairman of Tata Sons last Monday, October 24, still serves as the chairman of Tata Steel, Tata Motors, Tata Consultancy Services, Indian Hotels, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.
Mistry's strategy appears to be the opposite of the group's stance in the heady days of 2007
The company is also bringing in a regime of 'getting paid for receiving calls,' while offering local calls at 50 paise per minute.
Tata Teleservices (Maharashtra) on Friday said Japanese telecom major NTT DoCoMo's open offer for a 20 per cent stake in the company has been deferred following a delay in approval from market regulator Securities and Exchange Board of India.
Days after NTT DoCoMo of Japan announced that it will buy 26 per cent in Tata Teleservices for $2.7 billion, NRI businessman C Sivasankaran has decided to put on the block his eight per cent stake in the company.
Mobile operator Tata Teleservices may have to wait to get an STD license from the government, till a clear picture emerges on the foreign CEO issue, expected in October.
The London Commercial court has granted Tata Sons a period of 23 days, starting July 27th 2016, to apply to set aside the exparte order
Tata Teleservices on Wednesday launched its services in Bhopal, Indore, Gwalior, Mandideep and Jabalpur.
A slow starter, the telecom company is way behind its peers and needs to scale up fast to become a profitable operation.
The company plans to leverage its tie-up with NTT DoComo to offer many value-added services.
Continuing the tariff war in mobile telephony, Tata Teleservices on Friday announced the lowest entry cost of just Rs 999 for its WLL mobile phones, while offering lower call charges.\n\n\n\n
Indian telecommunications companies are ringing louder. Bharti Airtel and Reliance Communications are among the big league of gloal telecom companies.
The new card is priced at Rs 1,000.
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
But COAI secretary general Rajan Mathew sought to deflect the issue saying "it is our internal matter and is not for public discourse. So I will not comment."
As CEO, Mandyam would be responsible for providing strategic direction and operational focus to Virgin Mobile India and would help drive partnerships and strategic alliances for the organisation. He would also lead the team in market building initiatives in the country.
Tata Teleservices has announced plans to launch 3G services by Diwali, while Vodafone has said it will launch the services by early 2011.
Tata Teleservices Ltd plans to make a total investment of Rs 10,000 crore (Rs 100 billion) over a five-year period ending in 2007, a top executive of the company said on Monday.
Telcos may have begun their WiMAX rollouts, but the results are yet to show. Consider this. Tata Teleservices which deployed its first WiMAX network in Bangalore in March, and is expecting to gather a subcsriber base of about 2 lakh by the end of the year, has enrolled just about 7,000 customers in the city.
Siva group defaulted on payment in 2016 and is also facing CBI investigation
The parties have jointly applied to the Delhi high court, requesting that it accept their agreed terms of settlement, subject to such further orders as the court sees fit, it said.
Department of Telecom had sought the legal opinion of the matter from the government's counsel.
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