The government will get around Rs 3,639 crore from the 2G spectrum auction for CDMA services, which ended on Monday with Russian conglomerate Sistema's Indian unit SSTL being the only bidder. ...
01:40 PM, Mar 11, 2013
The government has received bids worth Rs 3,639 crore from lone bidder Sistema Shyam Teleservices (SSTL) till the second round of the 2G spectrum auction for CDMA services. Sources said bids were received for three blocks in each of eight circles, including Delhi. There was no bid for Mumbai, they added. ...
12:53 PM, Mar 11, 2013
Lone bidder Sistema Shyam Teleservices (SSTL) on Monday bid for eight circles in the 2G spectrum auction for CDMA services. The second round of auction is underway and it is expected that it will end by the third round, which could be the shortest online sale of radiowaves in terms of time consumed. ...
11:00 AM, Mar 11, 2013
Finance Minister P Chidambaram on Thursday expressed confidence that the present uncertainty in the telecom sector will be resolved and spectrum will be auctioned. "For the present there is lot of uncertainty about auction but I am sure that this uncertainty will be resolved and spectrum will be auctioned. If the spectrum is auctioned we should get the money," Chidambaram said. ...
01:24 AM, Mar 01, 2013
Vodafone, which has not applied for taking part in spectrum auction in March, on Tuesday said the reserve price set is too high and the company cannot afford to pay in India where there is uncertainty about airwaves and revenues are low. ...
04:06 AM, Feb 27, 2013
The Supreme Court on Friday ruled that the telecom firms whose licences were cancelled and didn't participate in fresh auction for 2G spectrum will cease to operate forthwith. Sistema and Tata Tele were among those who did not bid in the auction. ...
11:14 AM, Feb 15, 2013
The Supreme Court on Thursday dismissed curative petitions of several telecom firms for re-examination of its verdict cancelling 122 2G spectrum licences allocated during tenure of former telecom minister A Raja. ...
07:34 PM, Feb 14, 2013
The Sistema - Shyam telecom license cancellation threatens to cast a long shadow over India-Russia ties. CNBC TV18s Siddharth Zarabi caught up with Alexander M Kadakin, the second time Ambassador of the Russian Federation to India. In his first exclusive TV interview on the recent developments, Kadakin warned that Russia would not allow its taxpayers money to go waste due to Indias internal politics, adding that while Sistema and Russia...
06:35 PM, Jul 21, 2012
The Russian Ambassador to India has warned that if Sistema, which has a joint venture with Shyam TeleServices, is not allowed to do business in India, then Indian investments in Russia may be hit. ...
10:21 AM, Jul 21, 2012
New Delhi: A ministerial panel decided to auction a higher number of slots in an upcoming sale of second generation(2G) radio airwaves than that proposed by the Telecom Regulatory Authority of India(TRAI), a government official said, although no decision was made on the base price for the auction. The panel decided that more than 10 mega hertz(MHz) of airwaves should be auctioned in each telecom zone, said the official on...
12:49 PM, Jun 06, 2012
New Delhi: Seeking to address concerns in Russia over cancellation of 2G licence involving telecom company Sistema, Prime Minister Manmohan Singh on Thursday assured President Dmitry Medvedev that the Government is making efforts to ensure safety of foreign investments in the country. Singh and Medvedev reviewed the progress of Russia-built Kudankulam nuclear plant in Tamil Nadu, work on which was stuck for the past over six months due to protests,...
09:38 PM, Mar 29, 2012
New Delhi: Invoking bilateral investment treaty, Russian conglomerate Sistema on Tuesday said it has asked the Indian government to resolve within six months the dispute related to the cancellation of 21 telecom licenses of its local joint venture. Sistema, Russian billionaire Vladimir Evtushenkov's holding firm, sought resolution of Sistema Shyam TeleServices (SSTL) losing licenses, under the Bilateral Investment Treaty. It added that the company reserves the right to begin proceedings...
09:22 AM, Feb 29, 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
Bangalore, Concerned over nearly 80 million mobile subscribers of new telecom operators, the government on Monday said it is looking at various options to protect the interest of subscribers following the Supreme Court's order to cancel 122 licenses given to the telecom companies. Customers will not be affected much from the 2G verdict as they have been given four months to cease operations. It means users have enough time to...
02:30 PM, Feb 06, 2012
New Delhi: There seems to be no end to the 2G battle any time soon as foreign investors hit by the cancellation of licences have decided to move the court to protect their interests. Three of the four foreign companies, affected by the Supreme Court order, have made it clear that they are not going down without a fight. The clearest statement came from Russia's Sistema, which said, "to safeguard...
08:34 AM, Feb 06, 2012
New Delhi: The CAG started the 2G fire and the Supreme Court is stepping on the gas. It looks like the ED is zeroing in on the 2G beneficiaries nested in tax havens. CNN-IBN has accessed Letters Rogatory sent by the Enforcement Directorate to find out the real beneficiaries in the 2G scam. The Supreme Court on Wednesday ticked off the government for giving 2G licenses to sTeL despite a...
07:41 PM, Mar 09, 2011
New Delhi: The government has collected Rs 73.73 crore as penalty from new telecom operators for missing the network roll-out deadline, but is still keeping open the option of cancelling the licences. "Total penalty is about Rs 219 crore for missing roll-out obligations. We had generated demand for over Rs 78 crore of which the operators have submitted Rs 73.73 crore," Telecom Minister Kapil Sibal said in new Delhi on...
05:36 PM, Jan 01, 2011
If India's cellular revolution is a boon to consumers, it has become a nightmare for operators. ...
07:36 PM, Jun 30, 2010
