Global communications major Motorola said on Wednesday that it has bagged a $43 million contract from basic operator Tata Teleservices for deployment of Code Division Multiple Access network in Maharashtra, Mumbai and Goa.
In a bid to spread its telecom footprint across the country at a time when the government has decided to unify basic and cellular licences, Tata Teleservices has applied for licences in 7 more circles, including Madhya Pradesh and Rajasthan.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Newly-formed Tata Indicom Enterprise Business Unit, the sales and marketing initiative of the group's four telecom service providers, would soon have a new participant with VSAT provider -- Tata Net -- set to join the initiative.
Continuing its pressure on wireless in local loop operators whose tariffs do not meet the criteria specified by it, telecom regulator TRAI has sought clarifications from Tata Teleservices though the company maintained that its WLL tariffs.
The minister said the companies have given representation which is being examined by the DoT before taking a final decision.
BSNL, Tata Teleservices and Reliance Communications, who also provide GSM technology-based services, are not part of the report.
The Department of Telecom has issued a show cause notice to Tata Teleservices on their recently-launched Push-To-Talk services to verify the compliance with licence terms and conditions.
Tata Teleservices is coming with a walkie-talkie like facility on its mobile phones for which it has tied up with the United States-based CDMA giant Qualcomm for acquiring technology.
Accumulated sum Rs 31,500 crore in 2015-16
Firm makes Rs 4,858-crore loss on Rs 10,799-crore income.
The approval comes few days before the company has to clear statutory liabilities of up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is spectrum dues.
A bench headed by Chief Justice S A Bobde took note of the submissions by a battery of senior lawyers including A M Singhvi and C A Sundaram and said it will list the fresh pleas "sometime in next week" before the same bench which had heard the earlier petition in the high-stake matter.
DoCoMo said it is uncertain whether Tata Sons will pay the awarded damages.
Airtel, Vodafone, Idea, RCom, Reliance Jiosubmitted applications.
In January this year, Tata Sons invested an additional Rs 2,500 crore (Rs 25 billion) in Tata Teleservices which was used to repay loans of the wireless telephony company.
Docomo has now moved the London Court of Arbitration.
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
Bharti Airtel made part payment of Rs 4,725 crore.
There was virtually no incremental equity investment by Tata Sons during Mistry's first two years
RCom and Tata Teleservices are the top net losers of subscribers under mobile number portability (MNP) services.
Sources at the department of telecommunications confirmed that Bharti Airtel has submitted application to bid for airwaves frequencies at pan-India level.
DoCoMo's exit from Tata Teleservices highlights the struggle of smaller operators even as the outlook improves for bigger players.
Merchant bankers appointed to explore options on merger or stake sale in Tata Teleservices.
The shrinkage of MTS operations has helped Tata Tele's wireless net service brand to gain traction.
Telecom operators slash call rates to quake-hit Nepal
The Cellular Operators Association of India, industry body representing GSM operators, had argued that TTSL's spectrum was allotted through the same press release issued on January 10, 2008, which led to the cancellation of 122 licences.
The government has sent show-cause notices to 5 telecom firms including Reliance Communications and Tata Teleservices for alleged understatement of revenues of over Rs 10,000 crore.
The TDSAT bench, headed by its chairman Justice S B Sinha, asked Bharti Airtel to file a short reply by Tuesday over Asergis's allegations.
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
After a complete wipe-out of net worth, the company is looking for strategies to stay afloat. Either a competitor could take it over or it could merge with others.
DoT still working on final AGR dues due to varying accounting practices. Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT.
