Shares of Bharti Airtel on Wednesday fell 6 per cent amid reports that the government is learnt to have approved levying of Rs 650-crore penalty on the company for violating roaming norms in 13 service areas between 2003 and 2005.
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
The auction last year had seen a muted response on account of high spectrum cost.
Telecom Minister Ravi Shankar Prasad said that there were 31 complaints of call drops against the company in 2015
A large team led by Kumar Mangalam Birla has taken charge of the integration process.
A presentation by the CBI to a Joint Parliamentary Committee last week said the decision led to a loss of Rs 508 crore to the exchequer.
The regulator added that a split auction of 2100 MHz, used for 3G services, will 'artificially increase the market price of 2100 Mz in February 2015 (auction) because of the severe supply constraint'.
The power infrastructure and the farm sector have also suffered a considerable damage, Chief Secretary A K Tripathy said. However officials said the telecom infrastructure is largely intact.
The government on Tuesday invited financial bids from all the nine applicants, including Bharti Airtel, Vodafone, Tata Teleservices and RCom, who had applied for participating in 3G spectrum auction.
It is believed that apart from Bharti Airtel and Bharti Infratel, there are four players that have made a bid.
The DoT also clarified that all queries have been duly and promptly replied in time. The Director General Audit, Post and Telegraph in continuation of their earlier queries has issued Draft Report on July 19 to DoT for comments.
The Department of Telecommunications (DoT) is working on various alternatives to overcome the hurdles arising out of a lacklustre auction of 1,800-MHz telecom spectrum.
The prime minister's directive comes in the wake of telecom minister A Raja seeking his intervention for early resolution of BSNL's tender controversy.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
G C Murmu rarely speaks in public and when he does, his statements are always in lockstep with the thinking within this government.
Facing flak over blocking of 857 websites, the government on Tuesday reviewed its order and decided to lift ban on those sites which did not contain pornographic material but had still faced action.
Importers will now have to provide sufficient proof to the domestic customs authorities that the goods being imported have a minimum 35 per cent value addition in the country from which it is being exported to India.
The reference will also seek the court's view on a more fundamental issue: whether the judgement lays down auction as mandatory for allocation of all natural resources across all sectors and in all circumstances.
Departments of electronics, excise, I-T launch probe into Rs 251 smartphones
The telcos have assured the government that things would improve over the next 45 days.
In a move that will not augur well for companies which have been awarded 2G licences recently, the Department of Telecommunications (DoT) has rejected proposals by new telecom entrants for a relaxation of rollout obligations.
A key prosecution witness in the 2G spectrum case on Wednesday told a Delhi court that former Telecom Minister A Raja had communicated to the prime minister about the policy for distribution of licences 'at his level' and the issues involved in it were 'not processed' in the DoT files.
Income Tax Department has slapped fresh tax notice on Nokia India, tax authorities said.
The Department of Telecommunications (DoT) expects to finalise the norms for mergers and acquisitions and spectrum sharing by the end of June. It also plans to approve the National Telecom Policy (NTP), 2012, by the end of July.
The government on Monday asserted that there was no loss to the exchequer due to allocation of 2G spectrum to some telecom companies in 2008.
The regulator has also agreed to the one-nation, one-licence proposal, which will make roaming free across the country. But it wants to decide the modalities of the issue.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
It also issued notice to the Centre and the IT department on Vodafone's plea.
In a move that could pave the way for open auction of the 2G spectrum released from 122 cancelled operators, a draft Cabinet note prepared by the Department of Telecommunications (DoT) has recommended the spectrum price be discovered through an auction involving "existing players and new parties".
The govt says the step has been taken to prevent miscreants spreading rumours. The order also applies to SMS services.
The decision was taken at a high-level meeting convened by the Ministry of Home Affairs (MHA), and attended by the Central Public Works Department (CPWD), Border Roads Organisation (BRO) and the Indo-Tibetan Border Police (ITBP) among others.
A merger between state-run telecom firms Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd is the best option because it would create the country's largest telecom company, said Kuldeep Goyal, chairman and managing director of BSNL.
British telecom giant Vodafone Group plc on Friday won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation.
The Government of India has decided to launch a massive rural public works scheme, 'Garib Kalyan Rojgar Abhiyaan', to "empower and provide livelihood opportunities to the returnee migrant workers and rural citizens". Prime Minister Narendra Modi will launch this scheme on June 20 through video conference in the presence of Bihar Chief Minister Nitish Kumar and Deputy Chief Minister Sushil Kumar Modi.
The recommendations on the subject will be sent in due course to the government, according to an internal communication of DoT
The Department of Telecommunications (DoT) has asked the Telecom Regulatory Authority of India (Trai) to indicate the formula used in international markets to fix the ratio between the reserve and the discovered prices of 2G telecom spectrum. Trai has assumed that the base price should be 80 per cent of that of the auction discovered price which is much higher than the internatioanl norm of 50 per cent.
The Department of Telecommunications' restriction on this service flies in the face of both policy precedents and market logic.
US-based technology major IBM is contesting a claim of the revenue department which has increased the company's taxable income substantially to around Rs 11,000 crore (Rs 110 billion).
Former telecom minister A Raja, who has so far not cross-examined any witness in the 2G case trial, is likely to open his defence next week by questioning his former additional private secretary Aseervatham Achary, a prosecution witness, sources said.
India's stand is important against the backdrop of US FCC's decision to roll back its net neutrality rules adopted in 2015
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