The government has lost Rs 2,000 crore (Rs 20 billion) in just over a month after 1,300 group A officers, who constitute the top management and technical cadre in telecom giants BSNL and MTNL, rejected the ''inferior'' absorption offer.
Farooqui will have a 15 month tenure at the helm of the Department of Telecom before he attains superannuation age of 60 years in June 2014.
Typically these are high-beta stocks and earnings are volatile
The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services.
The much-awaited guidelines on foreign direct investment in telecom are expected to be notified this month with companies likely to be given a maximum of four months
Telecom sector has seen phenomenal growth over the past decade or so, says the prime minister.
The Department of Telecommunications (DoT) has significantly tightened the noose on mergers among telecom operators within a circle by imposing a three-year lock-in period, besides making it mandatory for them to take prior permission from the ministry.
Prasad asked private operators to play a role in skill development.
The recommendations of the commission will now be put before the empowered group of ministers headed by Finance Minister P Chidambaram for a final decision.
This decision was taken at Executive Council meeting of National Association of Software and Service Companies held in Pune.
Reliance Jio Infocomm has moved the Bombay High Court seeking approval for amalgamating its long distance services arm Infotel with itself.
Two regional CDMA players - HFCL in Punjab and Shyam Telecom in Rajasthan - have deposited fee for their GSM spectrum as per the dual technology permitted by the government. HFCL deposited Rs 151.75 crore (Rs 1.51 billion) for Punjab circle, while Shyam gave about Rs 32 crore for the Rajasthan circle.
A senior official in the Telecom Ministry said the government is considering an exit option for the new telecom players who are struggling to roll out services.
The merged entity would be known as 'Vodafone Idea Ltd'.
Expressing concern over frequent internet shutdown without any empirical study, a Parliamentary panel has pulled up the Department of Telecommunications for not maintaining the record of incidents and inaction on several of its recommendations. The Standing Committee on Communications and Information Technology on 'Suspension of Telecom Services and Internet and its impact' tabled in Lok Sabha on Thursday, the panel has asked the Department of Telecom (DoT) to lay down a clear cut principle of proportionality and procedure for lifting of shutdown in coordination with the home ministry to prevent any misuse of the suspension rules. The panel rejected the logic of the DoT and Ministry of Home Affairs (MHA) for not maintaining the record of the shutdown, saying it cannot simply take the plea that police and public order are essentially state subjects and suspension of the internet does not actually come under the ambit of crimes.
The directive by the department of telecommunication has also made it mandatory for equipment vendors to transfer technology to Indian manufacturers within three years of selling machines to any operator.
The department of telecommunications, in the draft universal licence guidelines to be signed with telcos which recently won spectrum in the 1800 MHz auction of November, has included a new clause for foreign companies.
The bulk of this money will, however, be spent on buying imported equipment, mainly from Europe and China.
Electronics major has tied up with Reliance Comm and Tata Tele.
Leading service provider Spice Telecom has said consumer must be given competitive choices to choose from and number of telecom players in a circle cannot be an issue.
This fresh case pertains to the tax assessment done by the I-T department for the year 2009-10.
The DoT estimates that it will receive Rs 29,524 cr in revenue from the telecom industry in FY18, which is 38% less than the Budget revenue target of Rs 47,300 cr for FY18
An attempt is to be made over the next month to get over the opposition of staff unions to the Pitroda Committee recommendations on the revamp of Bharat Sanchar Nigam Ltd (BSNL), the state telecom network outside Mumbai and Delhi.
DoT's proposal to impact many, including Vodafone
13 companies have submitted more than 230 applications for telecom licences and most of these are for a pan-India UASL. DLF and Omaxe join other real estate firms Indiabulls Real Estate, Unitech and Parsvnath Developers to apply for telecom licence.
All hell broke loose after the publication of the tapes, recorded by the Revenue Intelligence department between 2008-09, and the Opposition brought Parliament to a grinding halt demanding a certain probe.
Pointing out to the 133-acre Dhirubhai Ambani Knowledge City on the outskirts of the financial capital, he said there is huge realty play opportunity that RCom's erstwhile corporate headquarters possesses, and pegged the potential value creation at the site at Rs 25,000 crore.
State-owned power company PowerGrid Corporation Limited has been awarded the national long distance (NLD) license by the department of telecom for its proposed foray into the telecom business.\n\n
Telecom operators will have to pay a penalty and immediately de-activate a pre-paid mobile connection if they fail to follow the new norms issued by the government to strengthen the subscriber verification system.
The government has issued an advisory to mobile operator Bharti Airtel to document properly all its telecom connections, including broadband.
While the market for satellite broadband currently is small, the potential is large as an estimated 30 per cent of the country does not have reliable terrestrial broadband services.
The department of telecom will meet UIDAI chairman Nandan Nilekani on Sept 24 to discuss how the database of nearly 500 million telephone subscribers can be used for issuing the unique identification number.
The IAS officer was later taken into custody under the provisions of the Prevention of Money Laundering Act and is expected to be produced before a magistrate seeking his remand, the sources said.
Suggests ban in 20 states; operators fear price surge, European monopoly.
