Maintaining its interests have been "innocently harmed" due to adverse developments in the Indian telecom sector, Norway today said any failure of Telenor's $3 billion investment in India will have political implications.
The government on Saturday placed in Parliament’s court the issue of the proposed controversial change in an Income Tax law, which seeks to impose taxes on deals such as telecom giant Vodafone’s acquisition of Hutchison Essar in 2007.
TV channels in a digitalised environment will have to carry a minimum of 100 free-to-air channels on their networks, the Telecommunications Regulatory Authority of India (Trai) has laid down in its much-awaited tariff order.
HT reports.
The Telecom Commission, the highest decision making body in the telecom sector, on Monday lined up a series of questions on the recommendations of TRAI on the auction of 2G spectrum. HT reports. Making that call
Norwegian telecom giant Telenor on Monday announced that it would write down $682 million to remove accounting exposure to India due to uncertain business environment in the sector.
Vodafone CEO Vittorio Colao met finance minister Pranab Mukherjee to reportedly seek a partial waiver of the
Rs. 11,200- crore retrospective tax that it may have to pay once a new tax law comes into force later this month.
Uninor will file an interim application in the Supreme Court to bring to the apex court’s attention its plea against the recommendations of the telecom regulator on spectrum auction.
After posting a decline in profit for the ninth quarter in a row, India’s largest telecom service provider, Bharti Airtel, is faced with more problems in 2012-13: it may have to pay for excess spectrum that it holds.
Recent regulatory developments, which have led to huge uncertainty, could have significant implications for the future of telecom sector and impact India's global competitiveness, Bharti Airtel Chairman Sunil Mittal said today.
The finance ministry today said Vodafone "chose to ignore" the advice of tax department that its acquisition of Hutchison stake in the Indian telecom company Hutchison-Essar was taxable in India.
Top executives of four telecom companies met communications and IT minister Kapil Sibal on Wednesday to express their reservations on the recommendations of the Telecom Regulatory Authority of India (TRAI) on spectrum auctions.
Telecom service providers on Thursday claimed that tariffs may rise by 25 to 30% on account of high spectrum prices, if the government accepts recommendations of the Telecom Regulatory Authority of India (TRAI).
Manoj Gairola reports.
Tariffs will rise, but by how much?Mauritius-based investors in Loop Telecom, besides Sistema and Telenor, have slapped government notices under bilateral investment protection treaties, after Supreme Court cancelled their telecom licences.
The government has issued close to 45,000 notices to unregistered telemarketers and disconnected nearly 28,000 telephones till April 24 for sending pesky calls and SMSs using private numbers.
"We are going to review and analyse Trai's calculation," Cellular Operators Association of India director general Rajan Mathews said.