Telecom Companies

  • RAW wants background check of telcos setting up ILD facility May 26, 2014

    New Delhi: Security agency Research and Analysis Wing has asked the Department of Telecom to make background verification of telecom companies mandatory even before granting them provisional permission for starting international long distance communication services. "R&AW has requested that security clearances from the national security agencies viz, R&AW and IB for...
  • HC erred in bringing Telecos under CAG ambit: SC February 11, 2014

    New Delhi: Telecom firms on Tuesday submitted before the Supreme Court that the Delhi High Court erred in holding that CAG is empowered to conduct their revenue audits. The companies' counsel argued that the High Court had wrongly assumed that they share revenue with the government and contended that they...
  • Delhi High Court allows CAG to audit accounts of private telcos January 6, 2014

    New Delhi: In an extremelly significant order, the Delhi High Court on Monday ruled that the Comptroller and Auditor General (CAG) can audit private telecom companies under the relevant provisions of the law just days after the Aam Aadmi Party government in Delhi moved to have private power companies audited....
  • No 2G spectrum for unsuccessful bidders, says SC February 12, 2013

    New Delhi: Unsuccessful bidders and telecom companies which opted out of participating in the first round of fresh auction for 2G spectrum following cancellation of their licences by last year's order would not be allowed to continue their service, the Supreme Court said on February 11. The apex court asked the...
  • Refund Rs 400 cr penalty to telcos, SC tells govt November 23, 2012

    New Delhi: The Supreme Court on Friday directed the government of India to refund Rs 400 crore that was collected from telecom companies as penalty after they failed to meet the rollout obligations. The companies included Unitech, Aircel, Dishnet, Systema and Videocon. More details are awaited. ...
  • Govt to refund telecom cos whose licences were cancelled October 9, 2012

    New Delhi: An Empowered Group of Ministers (EGoM) on Monday decided to refund licence fee of companies whose telecom licences were cancelled earlier this year but had no criminal charge against them. The EGoM, headed by Finance Minister P Chidambaram, also decided to recommend to the Cabinet a one-time fee...
  • Govt to refund telcos whose licences were cancelled October 8, 2012

    New Delhi: An Empowered Group of Ministers on Monday decided to refund licence fee of companies whose telecom licences stand cancelled but have no criminal charge against them. The EGoM, headed by Finance Minister P Chidambaram, also decided to recommend to the Cabinet a one-time fee on existing telecom operators for...
  • Prepaid mobile nos to lose ISD facility soon September 9, 2012

    New Delhi: Telecom regulator TRAI has asked telecom companies to deactivate the international calling facility in prepaid numbers and restore it only after a subscriber gives his explicit consent to avail this facility. "Inform all prepaid subscribers having ISD facility, through SMS, within 10 days of the date of issue...
  • 2G: Court to hear charges against Essar, Loop May 3, 2012

    New Delhi: A special CBI court will on Thursday begin hearing arguments on charges against Loop Telecom and the Essar Group in 2G spectrum allocation scam case. The court would also take up applications seeking a shield against arrest filed by Essar Group promoters Ravi Ruia and Anshuman Ruia, Loop Telecom...
  • Telecos write to Sibal, demand cut in 2G price April 28, 2012

    New Delhi: The CEOs of five telecom companies on Saturday wrote a joint letter to Kapil Sibal seeking an 80 per cent cut in the spectrum reserve price. The CEOs included Sanjay Kapoor, Marten Pieters, Himanshu Kapania, Sigve Brekke and Arvind Bali. In the letter, the CEOs warned high spectrum price will...
  • 2G: Court to hear Essar, Loop promoters bail pleas April 21, 2012

    New Delhi: A Delhi court will on Saturday hear the bail applications of Essar and Loop promoters, named as accused in a case flowing out of the 2G spectrum allocation scam. Essar group promoters Ravi and Anshuman Ruia and Loop Telecom promoters IP Khaitan and Kiran Khaitan had moved their bail...
  • 2G: Essar, Loop promoters move bail pleas in court March 31, 2012

    New Delhi: Promoters of Essar Group and Loop Telecom, named as accused in a case flowing out of the 2G scam, on Saturday appeared before a Delhi court. Essar group promoters Ravi and Anshuman Ruia and Loop Telecom promoters IP Khaitan and Kiran Khaitan moved their bail pleas after they...
  • SC verdict on 2G: What it means for consumers February 2, 2012

    New Delhi: The Supreme Court on Thursday cancelled all the 122 licenses issued in 2008 during the 2G spectrum allocation. A fresh auction will be held within four months. But what does it mean for the customers and the industry? The verdict has come as a huge embarrassment to the government and...
  • 'Telecom firms should bar pesky calls, SMSes' November 20, 2011

    New Delhi: Telecom service providers need to take steps to completely eradicate the menace of unsolicited commercial calls and messages, said the Telecom Regulatory Authority of India (TRAI). "We are doing an audit of what the service providers are doing and we have found that some service providers need to...
  • 2G price hike: prepare to pay more for calls February 10, 2011

    New Delhi: In a development that has huge financial implications for existing as well as new operators, telecom regulator TRAI has recommended fixing the price for 6.2 Mhz of panIndia startup 2G spectrum at Rs 10,972.45 crore, more than six times the present cost of Rs 1,658 crore. TRAI has recommended...
  • 2G scam: After Raja's arrest, focus on telcos February 3, 2011

    New Delhi: After the arrest of A Raja, along with his personal secretary RK Chandolia and former telecom secretary Siddharth Behura, the big question is whether the probe into the 2G spectrum scam will go beyond the arrests to the telecom companies that violated rules, and benefited. The CAG report clearly...
  • Bharti completes Zain takeover deal for $ 10.7 bn June 8, 2010

    New Delhi: In the largest ever telecom takeover by an Indian firm, Bharti Airtel on Tuesday completed a deal to buy Kuwaitbased Zain Telecom's African business for $ 10.7 billion (about Rs 48,000 crore). Announcing the closure of the deal, Sunil Mittal said, "We are delighted at the...
  • Kuwait telecom firm to sell Africa ops to Bharti February 14, 2010

    Kuwait: Kuwaiti telecom group Zain has agreed to offload its African assets to India's Bharti Airtel, Kuwait's state news agency said on Sunday, in a deal valued at $10.7 billion. The deal marks one of the biggest crossborder transactions in the Middle East in years and a turning point in the...
  • Bharti, MTN call off deal October 1, 2009

    Mumbai: Bharti Airtel said late on Wednesday it and South Africa's MTN had called off talks for a planned tieup due to the inability of the South African government to accept the deal in current form. Bharti said it hoped the South African government would review its position in the future...
  • Bharti & MTN work on finalising deal; issues linger August 26, 2009

    Mumbai: Bharti Airtel and South Africa's MTN hope to finalise by mid-September a deal that could lead to a full merger, with the Indian firm adding another adviser and getting closer to lining up loans, three sources said. The telecoms firms have extended exclusive talks until the end of September, and...
  • Japanese firm buys stake in Tata Teleservices November 14, 2008

    Tata Teleservices' (TTSL) two-year hunt for a foreign partner is finally over. Japanese telecom company NTT DoCoMo has bought a 26 per cent stake in TTSL – India's fifth largest telecom player – for $2.7 billion, as the two join hands to lay the road for a brand new business...
  • Tata, Bharti to pay Rs 400 cr penalty? June 20, 2007

    New Delhi: The government is likely to fine telecom majors by as much as Rs 400 crore. Reliance Communications, Tata Teleservices and Bharti Airtel may pay this penalty for delaying the commissioning of services after obtaining licences. Reliance Communication tops the list with proposed Liquidated Damages of Rs147 crore, followed by...
  • Tech Mahindra promises hefty returns August 28, 2006

    Mumbai: It was a big bang listing for telecom software major Tech Mahindra on Monday. The company’s stocks are now listed at Rs 525, which includes a premium of Rs 160 as against its issue price of Rs 365 on the Bombay Stock Exchange. While, the much-awaited listing did not...