'How is it to live in a place that does not have electricity or a telephone connection, where people do not have any concept of what the world is beyond the mountains?'
While a group of officials believed a case against the two telecom companies was made out as they were only beneficiaries of the laid down policy, another team of officials involved in decision-making differed, official sources said on Monday.
India was among the top-five economies with the largest general government capital stock level, said, in 2015, an International Monetary Fund report called "Making Public Investment More Efficient". The report fuelled a debate on countries sitting on piles of cash that could be used better. India was believed to have public assets worth $4.5 trillion. The report urged countries to start asset recycling. Six years after the report, Australia's success in asset recycling has turned India into a believer; despite doing averagely in its previous efforts on roads, railways or meeting its divestment targets.
The Rs 8,000-cr deal is expected to be finalised early next month.
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.
Telecom service provider Reliance Communications is close to awarding a contract for implementation of mobile number portability (MNP) integration across its network to eight global telecom companies. The deal is estimated to be worth Rs 700-800 crore. The eight are Tekelec, HP, Intec, Huawei, ZTE, Ericsson, Lucent and Radio Telecom.
In a move that will not augur well for companies which have been awarded 2G licences recently, the Department of Telecommunications (DoT) has rejected proposals by new telecom entrants for a relaxation of rollout obligations.
Bharti Airtel, the country's largest mobile operator, has already joined the global Seamless Alliance to provide in-flight connectivity.
Idea takes the matter back to Supreme Court as cancellation-hit telcos make decisive moves.
The 2016 upstart, called Jio, dislodged rivals and has emerged as the nation's No. 4 carrier by offering call services free for life and data transmission at dirt cheap rates.
The Delhi high court on Friday sought the Central Bureau of Investigation's response on former telecom minister Sukh Ram's appeal challenging his conviction and sentencing by a trial court for taking bribe to award a contract to a telecom firm in 1996. The court also sought 86-year-old Sukh Ram's medical report on his plea for suspension of sentence on health grounds and old age. Justice Suresh Kait issued a notice to CBI and sought its response.
Amazon has shot off yet another letter to market regulator Sebi, accusing Future Retail of insider trading and called for an investigation as the US online retailer looks to ratchet up pressure against the Future-RIL deal. Future Group, however, vehemently denied the charges, saying these allegations were "Amazon's ill-motivated attempts to throw everything at the situation to stultify the transaction."
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
The Telecom Regulatory Authority of India received the award at the Frost & Sullivan Technology awards in Singapore.
These vendors will plan, design, deploy and maintain 3G-HSPA (third generation, high speed packet access) networks in 13 telecom circles where the company has won 3G licences, Bharti Airtel said in a statement.
Loop is one of the operators which have been named along with others in the entire case as it was awarded licence in 2008 by former Telecom Minister A Raja.
Out of 122 Unified Access Service licences awarded in 2008, as many as 85 licences were given to the six new entrants to the telecom sector.
Refrain from sharing any personal information & identity proofs like voter ID number, PAN number, bank account number, credit card information or make any payment to people promising lottery or other unexpected awards.
Even the CBI has filed a case against some unknown officials of the DoT for conniving with private companies for manipulation of licence terms and conditions.
Chandrasekaran, who is the co-recipient of this year's USIBC Global Corporate Leadership Award, also said it is possible to have a limited deal between India and the US before the elections there in November if both sides work together to get something done and not try to solve all issues at once.
In what could be one of the largest outsourcing deals in the Indian telecom space, Reliance Communications is close to awarding a $500-600 million (Rs 2,500-3,000 crore) operations and maintenance contract to Foprench telecom infrastructure provider Alactel-Lucent.
Following are the names of some high-profile people who have been put behind the bars
Bharti Airtel was awarded for its performance in the South Asian region, the company said. The selection of the company was based on the parameters of growth in mobile subscriber base, EBIDTA margins, market share and Average Revenue per User.
French telecom infrastructure player Alcatel has bagged an approximately $350 million (roughly Rs 1,400 crore) contract from FLAG Telecom, a subsidiary of Reliance Communications (RCom), to build a fully IP-enabled Trans-Pacific undersea cable.
The Telecom Engineering Centre, the technical wing of the DoT, has submitted its much-awaited report on spectrum allocation to the Member (Technology) of the Telecom Commission. The report, which is the last hope for GSM-based players for additional spectrum allocation, is believed to have gone along with the TRAI's recommendation of increasing subscriber base for awarding additional radio waves.
There were reports of a mobile tower being impacted a few months ago in coastal area of Andhra Pradesh that was attributed to hacking by the company's engineers.
Govt has decided to allot spectrum to telecom players holding Letters of Intent on the basis of who was the first to deposit licence fee.
Norwegian telecom firm Telenor, which won licences to operate in six big states in November, is hoping for a further reduction in the start price for the second round of spectrum auction in March.
Sunil Mittal, chairman & group managing director of the Bharti group, is Business Standard's CEO of the Year for 2005-06.
The Delhi high court restrained BSNL on Thursday from awarding contracts for its Rs 20,000 crore (Rs 200 billion) GSM network expansion project till November 30.
Bharti Global, the offshore investment arm of Bharti, has been awarded comprehensive licences to operate 3G as well as 2G mobile services in Guernsey, an island located in the English Channel in Europe.
The promise of a less suspicious government is surprising. What about the disconnect between the new business stance and earlier push to dictate the narrative in politics and public life, wonders T N Ninan.
Earlier, the Reserve Bank of India was the approving authority.
Bharti Airtel has awarded Swedish telecom vendor Ericsson a $1 billion (about Rs 4500 crore or Rs 45 billion) contract extending over three years.
The top four Indian IT firms have cash reserves of nearly $15 billion with TCS alone holding $5.9 billion in reserves, followed by Infosys with $3.6 billion, and Wipro with $3.4 billion. HCL Technologies has cash reserves of $1.75 billion.
Bharat Sanchar Nigam Ltd will provide six crore new mobile telephone connections across the country within the next four years, its director (planning and new services) R L Dube said on Saturday.
The court said a 'scam was created when there was none'.
It is learnt that the defence ministry is refusing to let go of its 100 MHz spectrum, which was allotted earlier. In that case, the department of telecommunications (DoT) will be left with only 175 MW of 5G spectrum of the total 300 MHz.
