Reliance Communications Ltd (RCom) on Friday announced the sale of 51 per cent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore.
The two companies were earlier expecting to complete the merger formalities and regulatory approvals by June 30 and to start operating as one entity from July 1.
Chinese equipment contracts had been given by many public sector undertakings and government companies for their networks, even in sensitive places such as the north east.
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by the courts
Its internet penetration still matches up poorly to other countries
Nine companies incubating at StartupVillage have made it to the second round of Nasscoms flagship programme to support 10,000 technology startups across India.
The Swadeshi Jagaran Manch has pointed out that these firms pose a threat to domestic manufacturing and retailing as they do not pay relevant taxes such as GST, giving them a huge edge over local players.
Even as Microsoft has seen exponential growth for its cloud platform Azure in India, the firm has not yet set up local servers.
DoT committee rejects most Trai suggestions for freeing airwaves for sale.
The Minister said government is aware that regional language barriers have impeded the e-governance initiatives in rural India.
Idea may have to shell out Rs 4,500 crore in cash
India is looking at 5G technology as a major opportunity in terms of offering services tailored for rural India like telehealth, tele-education and bandwidth-heavy applications
Reliance Jio bought spectrum in the 1800 MHz band last February.
Water levels have started receding in Srinagar and telecommunication has been restored in parts of the city after it faced the worst floods in decades.
Najar was wanted for his alleged involvement in more than 50 killings
The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.
Apart from other things, this would have put a spanner in the government's Digital India campaign.
Spectrum auction: Govt revenues reach Rs 1.02 tln on Day 10
The unit of Reliance Communications may raise debt, equity
The telcos have assured the government that things would improve over the next 45 days.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
DoT had raised the demand on December 22 and asked RCom to pay within a month.
India must change approach and have better access to networks to fulfil its digitisation dream.
