Telecoms Sector

  • Yashwant writes to PM, warns of another scam in telecom sector 12-11-2013 02:20 PM

    New Delhi: The Bharatiya Janata party (BJP) has raised the issue of a possibility of another scam which might be taking place in the telecom sector. Senior BJP leader Yashwant Sinha in a letter to Prime Minister Manmohan Singh has raised questions on the new reserve price of spectrum as...
  • ITSB crossed 90 cr mark in May, informs TRAI 16-08-2013 07:39 PM

    Registering a marginal growth, Indian telecom subscriber base (ITSB) crossed 90 crore-mark in May this year after almost two years. The base grew by 0.34 per cent to reach 90.005 crore, according to Trai data. This is the second time the subscriber base is breaching the 90 crore-mark. Earlier in...
  • Reliance Communications halves 3G data price 18-07-2013 01:15 PM

    New Delhi: Reliance Communications, India's third-biggest mobile phone carrier by customers, has cut the price of third-generation data services by half, Gurdeep Singh, head of the company's mobile business, said on Thursday. Only about 5 per cent of India's 850 million mobile users have subscribed to 3G services, which are...
  • Govt issues fresh spectrum to Vodafone in 14 circles 20-06-2013 08:10 PM

    New Delhi: Government has allocated spectrum to Vodafone in all 14 service areas, where the telecom major won in November 2012 auction for Rs 1,127.94 crore. "The spectrum has been allocated to Vodafone on June 18. After this, Wireless Operating Licence will be issued to Vodafone," official sources told reporters....
  • 2G spectrum allocation case: Mittal, Ruia appear in court 11-04-2013 12:33 PM

    New Delhi: Bharti CMD Sunil Mittal and Essar group promoter Ravi Ruia, who have been summoned as accused in the additional 2G spectrum allocation case, on Thursday appeared in a Delhi court which posted the matter for further proceedings on April 16. Mittal's counsel placed before special CBI judge OP...
  • Telecom sector is undergoing transition: Sam Pitroda 08-04-2013 04:10 PM

    New Delhi: Terming the present state of the Indian telecom sector as a transition phase, National Innovation Council Chairman Sam Pitroda on Monday said the next revolution is expected to be much bigger than the earlier one. "We are just going through a transition, everybody goes through a transition, sometimes...
  • Morgan Stanley upgrdaes RComm to 'equal-weight' 26-03-2013 11:00 AM

    Mumbai: Morgan Stanley upgrades Reliance Communications Ltd to "equal-weight" from "underweight," citing improving outlook for the telecoms sector due to higher tariffs, falling capex, and "more attractive" valuations. However, Morgan Stanley warns a key risk remains in Reliance Communications' debt levels, estimating its net debt to EBITDA at around five...
  • 2G spectrum auction ends, govt gets one-third of target 14-11-2012 07:05 PM

    New Delhi: The much talked about 2G mobile phone spectrum auction ended in a damp squib on Wednesday with half of the airwaves on offer remaining unsold and government getting just about one-third of the targeted revenue. According to preliminary estimates, the government received bids worth "much-less" than Rs 10,000...
  • 2G: Reliance ADA Group officials quizzed by CBI 12-02-2011 10:30 PM

    New Delhi: The CBI on Friday questioned some of the top officials of Reliance Anil Dhirubhai Ambani Group (ADAG) in relation with the 2G scam, the group confirmed in a statement. The statement said: “As part of its ongoing probe pursuant to the SC's (Supreme Court) orders, the CBI has...
  • Watch: 3G services in India, what does it mean 11-12-2008 04:38 PM

    Prime Minister has inaugurated the MTNL 3G service. ...