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.
Russian, Norwegian govts have stakes in MTS, Uninor. Manoj Gairola reports.
"DoT has to first study legal implications of the order. It will require some time to understand and interpret the order before deciding on any action. As of now, we understand the court has given some time by which the order has to be implemented," a DoT official said.
SC puts 2G, govt under hammer |
Trai to make new recommendationsBarely 45 days before the presentation of the budget, the SC ruling favouring fresh auction of 2G spectrum has opened up an unexpected window of earnings for the government, hit by slumping revenues, rising expenditure and mounting debt,
Gaurav Choudhury reports.
Telecom tangle
The Supreme Court verdict cancelling all the 122 telecom licences that A Raja had issued to eight firms in 2008 has unexpectedly opened up a new window that can help the government earn up to
Rs. 75,000 crore.
Gaurav Choudhury reports.
Telecom tangle: what lies ahead
Aggrieved by cancellation of its three licences by the Supreme Court, Tata Teleservices today said it will file a review petition against the order as the company had applied for these licences more than 18 months before the 2008 licensing process began.
Stung by the Supreme Court order on Thursday to cancel 122 licences for 2G spectrum, issued in 2008 on the basis of first-come, first-served policy, the government is set to scrap the policy for allocation of all natural resources.
Nagendar Sharma and
Gaurav Choudhury report.
The policy fixAt a time when banks are concerned about their lending to the telecom sector due to the recent cancellation of 122 licences of the telecom companies, Infrastructure Development Finance Company (IDFC) — the largest infrastructure lender is not apprehensive about its lending to the telecom sector.
The country's largest telecom company Bharti Airtel on Wednesday reported 22% decline in consolidated net profit to Rs. 1,011 crore for the October-December quarter due to higher interest outgo and costs related to the roll-out of 3G network.
Infotech bigggies based in Europe seems to have weathered the current euro zone crisis.
If you are a professional in India’s information technology - business process outsourcing (BPO) sector, brace for a lower pay hike this year.
Within days of the Supreme Court scrapping 122 2G licences, global telecom firm Bahrain Telecom (Batelco) on Wednesday announced the sale of its entire 43% stake in STel for $175 million (around
Rs. 925 crore).
Mobile services provider Uninor, which has been adversely affected by a Supreme Court verdict cancelling 122 telecom licences, today expressed the hope that sector regulator TRAI will take its views into consideration before finalising guidelines for new 2G auction.
Sistema Shyam TeleServices, which operates under the brand MTS, on Thursday launched a new tariff plan allowing subscribers to make unlimited local and national calls within the network.
Emirates Telecommunication Corp Ltd (Etisalat) wrote off the value of its Indian operations on Thursday, booking an $827 million impairment charge, after the Supreme Court ordered the cancellation of 122 telecoms licences. A widening gulf