Since August 2013, FIPB has approved two FDI proposals in the telecom sector.
Ambani's $15 bn bet will upend Indian telecom
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
Spectrum was sold at about 68 per cent premium.
The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
India plans to provide the probe team from Pakistan access to all witnesses in the Pathankot terror attack case but not security personnel from the National Security Guard or the Border Security Force.
Spectrum is critical for Tata Tele because in some circles, Rajasthan for example, it has spectrum only in 60 per cent of the geography, while allocation for the rest has yet to come from the government.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
Have committed themselves to investing Rs 1,85,000 crore since last year.
Sunil Bharti Mittal, bottom, left, says he is fond of Bill Gates' famous quote: "Success is a lousy teacher." Back from a long foreign business trip, the founder-chairman of Bharti Enterprises talks to Malini Bhupta and Kiran Rathee about the challenges posed by Reliance Jio and how he is determined to come out on top once again. Mittal says , today, Airtel is as ready as Jio in pure-play 4G operations.
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
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