An estimated 1.8 million telephones have gone silent in Mumbai since Sunday after Telecom operator Uninor closed its Mumbai operations from midnight following a Supreme Court order. ...
09:34 AM, Feb 17, 2013
Telecom operator Uninor said it is not "impacted" by today's Supreme Court's order which said telecom companies which were unsuccessful in availing fresh 2G spectrum and those which did not participate in the auction process will cease to operate "forthwith". ...
05:29 PM, Feb 15, 2013
GSM mobile operators, including Bharti Airtel, Vodafone and Idea, lost over 9 million subscribers in November, bringing down the user base to 663.78 million, industry body COAI said today. ...
04:34 PM, Dec 18, 2012
New Delhi: Realty firm Unitech on Thursday said it has amicably settled all disputes over its telecom joint venture Uninor with Norway's Telenor and it would exit from telecom joint venture with Norway's Telenor by disposing of its entire shareholding in Uninor. The realty company which ventured into telecom with a tie-up with Uninor says it will sell its entire shareholding to the Norwegian firm. It will also withdraw its...
10:34 AM, Oct 11, 2012
New Delhi: The Company Law Board on Friday stayed Telenor-controlled telecom firm Uninor's planned auction of its assets observing that the process followed appeared "very clever". Passing an interim order on company's minority partner Unitech's application, CLB Chairman Justice D R Deshmukh stayed the August 1 auction notice issued by Uninor observing that the proposed auction process appeared to be "very clever". The CLB said that it would hear both...
08:10 PM, Aug 03, 2012
New Delhi: Unitech Ltd, Telenor's minority partner in its Indian mobile telecoms joint venture, has filed a petition with the country's Company Law Board seeking to stop the joint venture company from auctioning off its assets, a Unitech spokesman said on Thursday. In an auction notice on Wednesday, the joint venture, which operates under the Uninor brand, invited potential bidders to express interest by August 6 and said its majority...
08:08 PM, Aug 02, 2012
New Delhi: Intensifying row with its minority stakeholder, Norway's Telenor-controlled Indian venture Uninor on Wednesday put on auction its entire telecom business for a minimum of Rs 4,000 crore, a move opposed strongly by Unitech. The Nordic countries' biggest phone operator wants to scrap the joint venture with Unitech and migrate its business to a new company to seek fresh operating licences as the JV's 22 telecom permits were among...
12:32 PM, Aug 02, 2012
New Delhi: Intensifying row with its minority stakeholder, Norway's Telenor-controlled Indian venture Uninor on Wednesday put on auction its entire telecom business for a minimum of Rs 4,000 crore, a move opposed strongly by Unitech. The Nordic countries' biggest phone operator wants to scrap the joint venture with Unitech and migrate its business to a new company to seek fresh operating licences as the JV's 22 telecom permits were among...
05:34 PM, Aug 01, 2012
New Delhi: Mobile call rates would double in some circles if the recommendations of sectoral regulator TRAI on spectrum pricing are accepted, telecom CEOs who met Telecom Minister Kapil Sibal warned on Tuesday. "...there will be circles which will have more than a 100 per cent price rise (in tariffs) if they were to absorb the impact of what is being recommended," Bharti Airtel CEO Sanjay Kapoor told reporters. "In...
04:50 PM, May 08, 2012
New Delhi: An empowered group of ministers (EGoM) will meet on Tuesday next week to discuss telecom regulator TRAI's recommendations on unified licences and auction of spectrum, an official said on Friday. The Telecom Commission, the decision making body of the Telecom Department, will also meet on Monday next week to discuss the TRAI recommendations, the Telecom Ministry official told. "Telecom Commission will discuss TRAI's recommendation, while it will be...
05:32 AM, Apr 28, 2012
Hyderabad: Uninor on Saturday said it is optimistic that a solution to the 2G spectrum issues will be found even as the company has initiated search for a new Indian partner for setting up a new entity. "We see there will be a clarity on 2G spectrum auction process before June 2 and are hopeful that a solution will be found before June 2 (when its licences would terminate). At...
02:33 AM, Apr 22, 2012
New Delhi: The Supreme Court on Tuesday deliberated on a bunch of review petitions filed by various telecom companies, Centre and former Telecom Minister A Raja seeking review of various aspects of its verdict in the 2G spectrum allocation case. A bench of Justices GS Singhvi and KS Radhakrishnan heard the petitions in chamber and any decision on them was not immediately known. The apex court had passed a slew...
08:46 PM, Apr 03, 2012
Mumbai: Unitech Ltd said it has applied to a local court seeking to restrain Norway's Telenor from investing in any new telecoms venture in India that would compete with companies' existing joint venture. Unitech, a property company, is also seeking an injunction against Telenor's plans to transfer the joint venture's business to a new company, it said in a statement on Friday, adding the move was aimed at protecting its...
02:50 AM, Mar 31, 2012
New Delhi: The Income Tax Department has seized shares of Unitech Group companies through which the realty firm holds stake in mobile telecom firm, Uninor. "We can confirm that Uninor is in receipt of notices from the Income Tax Department stating that the shares owned by Unitech Ltd, through their companies Acorus, Cestos and Simpson, in our company have been attached," Uninor said in a statement on Wednesday. Unitech, which...
06:20 PM, Mar 28, 2012
Chennai: Telecom operator Uninor, whose licences figure among the 122 cancelled by the Supreme Court last month, on Saturday said it is "hoping to make a fresh start with a new partner". Uninor is a joint venture between Norwegian Telenor and realty major Unitech. The Norwegian government holds the majority stake in Telenor. "We are not even thinking about what our partner (Unitech) did.... This is now in the court....
03:11 AM, Mar 25, 2012
New Delhi: New telecom operators, led by Uninor and Sistema Shyam (MTS India), continue to add new subscribers in February notwithstanding the uncertain environment after the Supreme Court judgement canceling 122 2G licences. Uninor, a joint venture between Unitech and Norway-based Telenor, registered the maximum growth of 6.04 per cent in additions as it added 2.34 million users in the month. Its total user base was at 41.14 million. According...
09:14 PM, Mar 21, 2012
New Delhi: Sistema Shyam TeleServices Limited (SSTL) and Uninor on Friday moved the Supreme Court seeking a review of the verdict canceling its licenses for 2G spectrum allocated during the tenure of former Telecom Minister A Raja. The apex court had by its February 2 judgement cancelled 22 and 21 licenses of 2G spectrum of Uninor and SSTL respectively. In the review petition, while SSTL said it is being unfairly...
08:10 PM, Mar 02, 2012
New Delhi: Norwegian firm Telenor and its Indian partner Unitech have moved the Company Law Board (CLB) separately, trading charges against each other over control of their joint venture, Uninor. While Telenor said it wants to prevent any "wrongful obstruction" of its effort to secure its investments in the country, Unitech said its petition was to prevent the Norwegian firm from "assuming full control over the business including assets of...
07:27 PM, Feb 27, 2012
New Delhi: Following Supreme Court order that cancelled 122 2G licences terming them as illegal, the telecom ministry is likely to send letters to new operators for termination of their licences. This was discussed in the Department of Telecom's internal meeting to discuss the implications of the Supreme Court order and way forward in this regard. The members discussed various issues including sending communication to licencees for termination of licence...
08:31 PM, Feb 10, 2012
New Delhi: Norwegian IT Minister Rigmor Aasrud said on Tuesday that she had a "constructive meeting with Mr Sibal". Aasrud was seeking protection for Norwegian telecom company Telenor's 3 billion dollar investment in the Indian telecom sector. Calling the discussion "fruitful", Aasrud said India must treat all companies fairly. Meanwhile, Telecom Minister Kapil Sibal said he had heard Aasrud and assured her of all help. "The Indian market has depth...
12:17 PM, Feb 07, 2012
