The Central Bureau of Investigation (CBI) is looking into the funding and transactions of Datacom Services (now Videocon Mobile), which was among the firms awarded a 2G telecom licence in January 2008.
Mukesh Ambani-led Reliance Industries on Friday agreed to acquire Infotel for Rs 4,800 crore (Rs 48 billion) in a deal that values the Mahendra Nahata group internet service provider at about Rs 5,000 crore (Rs 50 billion).
Amid tight security and an altercation with HFCL chief Mahendra Nahata at Sanchar Bhawan, headquarters of the Department of Telecom, nine companies among 45 applicants were offered letters of intent (LoIs) for unified access service licenses (UASL).
Surajeet Das Gupta & Rajesh Kurup in New Delhi/Mumbai
The COAI decision comes in the wake of Anil Ambani group company Reliance Communications and two other CDMA players receiving approvals to offer GSM services in their respective circles of operation from the Department of Telecom on Friday.
A no-holds-barred boardroom battle has broken out between Mahendra Nahata and the Dhoots of Videocon, 36:64 partners in Datacom Solutions, a company which wants to launch mobile telephone services all over the country in a month-and-a-half.
Himachal Futuristic Communications Ltd (HFCL) made it public that its key promoters - Mahendra Nahata and his nephew Vinay Maloo - had parted ways.
Talks have failed between the Dhoots of the Videocon group and Mahendra Nahata of Himachal Futuristic Communications Ltd to buy out the latter's 36 per cent stake in all-India mobile licence-holder Datacom Solutions.
Punjab-based telecom operator HFCL on Wednesday became the first service provider to offer uniform call rates across all telecom networks and announced that all calls from its service Connect would be local calls.
According to documents accessed by Business Standard, RIL increased its direct stake in Jio to 98.9 per cent as on March this year by pumping more capital into the company.
Jio has accused incumbent telecom operators for not providing the required number of equipment to connect its mobile network with theirs
Big three telecom companies term Jio's free voice calls predatory pricing
The CAG has suggested canceling nationwide broadband spectrum allocated to Infotel Broadband Services, now a Reliance Industries company, for allegedly rigging the auction and violating rules.
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