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. ...
01:39 PM, Feb 12, 2013
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. ...
02:01 PM, Nov 23, 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 on existing telecom operators for spectrum they hold beyond 4.4 MHz. The Supreme Court in February had cancelled 122 licences...
08:50 AM, Oct 09, 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 spectrum they hold beyond 4.4 MHz. The Supreme Court in February had cancelled 122 licences granted during former Telecom...
10:42 PM, Oct 08, 2012
New Delhi: Telecom regulator TRAI has asked telecom companies to de-activate the international calling facility in pre-paid numbers and restore it only after a subscriber gives his explicit consent to avail this facility. "Inform all pre-paid subscribers having ISD facility, through SMS, within 10 days of the date of issue of this direction, that ISD facility of the subscribers shall be discontinued after sixty days," Telecom Regulatory Authority of India...
11:14 AM, Sep 09, 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 promoters IP Khaitan and Kiran Khaitan and Essar group director Essar Group director (strategy and Planning) Vikas Saraf. A...
06:42 AM, May 03, 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 lead to 25-30 per cent tariff hike. They also sought all available spectrum to be auctioned. They warned...
02:28 PM, Apr 28, 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 pleas after they appeared before Special CBI Judge OP Saini on March 31, 2012. The CBI has charged them...
06:05 AM, Apr 21, 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 appeared before Special CBI Judge OP Saini. The court listed the matter for arguments on bail pleas for April 21...
11:48 AM, Mar 31, 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 a jolt to the telecom sector. As many as 122 2G licenses cancelled in 22 circles across India...
08:46 PM, Feb 02, 2012
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 tighten their measures," TRAI chairman J.S. Sarma said on the sidelines of a business event here. Acknowledging that SMS messages...
09:04 AM, Nov 20, 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 pan-India start-up 2G spectrum at Rs 10,972.45 crore, more than six times the present cost of Rs 1,658 crore. TRAI has recommended new prices for 2G spectrum. Telecom companies will now have to cough up more money for prized 2G spectrum....
09:09 AM, Feb 10, 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 shows how several companies, including India's top corporates, were privy to insider information and broke rules at every stage...
11:57 AM, Feb 03, 2011
On March 30, 2010, Bharti had entered the deal to acquire Zain Telecom's operations in 15 nations. ...
03:13 PM, Jun 08, 2010
Indian company's deal valued at $10.7 billion. ...
07:26 PM, Feb 14, 2010
Talks had been extended twice; present deadline was until Wednesday. ...
08:13 PM, Sep 30, 2009
Telecom giants have extended exclusive talks until the end of September. ...
06:54 PM, Aug 26, 2009
Government is likely to fine telecom majors RComm, Tata, Bharti and others by as much as Rs 400 crore. ...
07:55 PM, Mar 12, 2007
While there is no denying that the company has strong business prospects, analysts are worried on some issues. ...
07:08 PM, Aug 28, 2006
