Since the last few years, the telecom sector has been affected by regulatory uncertainty which has hurt the investor sentiment.
In its report tabled in Parliament, the CAG said the Swan Telecom's application was 'in effect against the intent and spirit' of the Unified Access Service Licencing guidelines as it was among those beneficiaries which 'suppressed facts, disclosed incomplete information and submitted fictitious documents' to the department of telecommunication.
Wannabe telecom operators will take a while to know whether they have passed the Telecom Regulatory Authority of India's test. But that hasn't stopped them from taking the next step: tying up with infrastructure providers such as tower operators for rolling out their nation-wide operations.
The SC had reserved its verdict on a bunch of similar petitions.
Credible growth in new users was not matched by revenue as the all-India blended Average Revenue Per User per month for GSM remained almost at the same level of Rs 297 as compared with Rs 298 for the previous quarter.The ARPU for postpaid GSM service has shown an increase of 7 per cent from Rs 613 in January-March to Rs 655 in April-June quarter.
The S&P BSE Midcap and the S&P BSE Smallcap indices have managed to stay afloat in a volatile January that saw the frontline indices hit their respective 52-week high levels and then slip. While the S&P BSE Sensex has lost over 2 per cent thus far in January, the S&P BSE Midcap and the S&P BSE Smallcap indices have gained nearly 2.5 per cent and 4 per cent, respectively during this period.
What's happening in the telecom sector are classic bullying tactics - do the wrong thing, threaten to do worse, get the threatened party to sue for peace, and walk away smelling of roses after a "compromise".
Leading Chinese telecom equipment manufacturers, Huawei Technologies Co Ltd and ZTE Corporation, have launched an aggressive 'Indianisation' drive. The two companies are replacing Chinese nationals with Indians on their board of directors. The move is seen as an attempt by the companies to change the public perception in India, where Chinese firms are often viewed with suspicion. This would also make it easy for the firms to do business in India.
Telecom Secretary R Chandrashekhar on Thursday said 100 per cent foreign direct investment (FDI) in telecom would not be possible before the 2G auction.
The telecom foray is the second diversification outside its core business of developing residential and commercial real estate -- it is already in the Special Economic Zone space with five zones to be set up across the country.
China-based telecom equipment supplier Huawei Technologies, which has bagged a $200 million contract from Reliance Communications, is upbeat on India and expects to clinch other multi-million dollar outsourcing deals in the country.
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.
Telecom operators pay 30 per cent of their revenue as levies like annual licence fee, spectrum charges, contribution to universal service obligation fund and the total burden adds up to 40 per cent along with service tax.
The network sharing agreement is the start of a new era of partnership between the brothers. More deals on sharing towers and intra-city fibre network are likely.
During the proceedings, Spice Telecom's counsel Mukul Rohatgi contended that DoT decided not to allow the licence as the operator had a turnover of only Rs 1,100 crore (Rs 11 billion). The decision was discriminatory, he said. However, Telecom Dispute Settlement and Appellate Tribunal declined to pass any interim relief to the firm.
The telecom and banking departments along with the railways accounted for the maximum number of public grievances among the various arms of the government in the last three years.
The telecommunications industry in India is one of the fastest growing sectors in the world. The booming telecom industry has been attracting large amount of investments in the country.
Within days of revoking a non-compete agreement that his group had with his younger brother Anil, Relianec Industries Ltd chairman Mukesh Ambani is believed to have held a long-drawn-out discussion with telecom czar Sunil Mittal.
The phone will work on both 2G, 3G as well as 4G networks seamlessly.
Analysts have given a thumbs up to the Reliance Industries (RIL) and Walt Disney Co. (Disney) proposed a joint venture (JV). The stock of the Mukesh Ambani-controlled company gained nearly 1.5 per cent on Thursday to Rs 2,952 levels as compared to the S&P BSE Sensex that traded marginally weak, down 0.2 per cent to 72,172 levels in intra-day trades.
This investment, up from $20 billion seen last year, would be for continuing the development of 3G, Broadband Wireless Access and expansion of existing networks, said R K Pathak, secretary of the Telecom Equipment & Services Export Promotion Council, in Singapore at the CommunicAsia 2010, a Singapore exhibition for global telecom industries.
Telecom Minister A Raja said on Friday that he has met Home Minister P Chidambaram over the issue of import of telecom equipment, especially from China, and hoped the issue would be resolved "in a couple of weeks".
After falling 11 per cent over the past six months, shares of Bharti Airtel gained over three per cent on news that the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) had given a split verdict on inter-circle 3G roaming arrangements between Bharti, Idea and Vodafone.
This move gives Airtel and Chinese major immense benefits.
According to data released by the telecom regulator, the wireless subscriber base increased from 601.22 million in April to 617.53 million by the end of May 2010, registering a growth of 2.71 per cent.
The government takes pragmatic steps on telecom.
The government on Friday reduced the rate of interest and penalty for delayed payments for telecom companies having unified access licensees, including basic companies migrating to UASL, national long distance and international long distance players,
The 2G judgment and Trai spectrum pricing have led to a policy that makes sense for only one survivor.
In the latest move, the telco has reduced validity for its Rs 309/509 packages from 84 days to 56
The industry had seen a robust growth of 20 per cent in revenues at Rs 1,55,683 crore (Rs 1,556.83 billion) in 2008-09.
GSM operators say upcoming auctions will be a dud, while govt hopes to rake it in.
Indian telecom operators have surpassed the three- year 5G network rollout target given to them within six months and now the government is making efforts to enhance adoption of 5G applications across various key segments, a senior government official said in Barcelona. Department of Telecom Additional Secretary VL Kantha Rao told PTI at "India Evening" event on the sidelines of Mobile World Congress 2023 that the government has hosted over 50 companies at the India pavilion and the delegation is here to showcase indigenously-developed 4G and 5G technology stack. "When the spectrum was allocated to telecom service providers for 5G rollout, we gave a minimum rollout obligation saying that within one year they have to cover a few cities within three years, a few towns and so on and so forth.
However, Rajya Sabha being a continuing chamber is not subject to dissolution, and bills introduced and pending in this House remain on the live register, unless withdrawn by the government.
Sabse has several patents in the arena of call-control and switching of calls.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
.jpg)
TC at its meeting here recommended to an Empowered Group of Ministers that reserve price for pan-India 1800 MHz spectrum be fixed 15 per cent higher than Trai suggested rates.
The latest row -- termed as independent India's largest financial scam -- is centered on the allocation of scare 2G spectrum at throwaway prices.
