The telecom regulatory Authority of India (Trai) on Friday started the process of auction of 2G spectrum by issuing pre-consultation paper on this issue seeking views from all the stakeholders.
HT reports.
Guessing the future |
Anatomy of a scam
Stocks of firms that face cancellation of telecom licences after the Supreme Court order continued to rule in the red today, with investors expecting their subscribers to switch to older players not affected by the verdict.
Foreign operators Russia-based Sistema and Norway-based Telenor on Friday said that they followed all rules and regulations and were wrongly punished.
HT reports.
With IT majors like Infosys and TCS gearing up to enter Madhya Pradesh's commercial town of Indore, the state is trying to position itself as the most sought-after destination after metros like Bangalore, Pune and Hyderabad which are facing severe space crunch.
Mobile services provider Videocon Telecommunications, whose telecom licences are set to be cancelled, on Friday said it will wait for sector regulator Trai’s recommendation before deciding on its future course of action.
Reliance Communications today said that licences to the company were issued in 2001 or prior to that and will not be affected by the Supreme Court judgement pronounced squashing all 122 licences alloted in January 2008.
Even though the Supreme Court today ordered the cancellation of 122 telecom licences, customers will not be affected much as firms have been given four months to cease operations, allowing ample time for an arrangement so users can shift to another service provider.
There is an old saying: when elephants fight it is the grass that gets trampled.
HT reports.
The Supreme Court's judgment on Thursday scrapping 122 licences granted in 2008 and its ruling asking government to auction radio frequency will push up companies' costs, reduce competition and may nudge firms to raise tariffs to maintain profit margins, experts said.
Manoj Gairola reports.
Judgment gave clarity on grey areas, will help plug holes in spectrum allotment process, says Sibal.
HT reports.
Infrastructure service providers in the telecom sector such as tower companies and optical fibre cable providers on Monday strongly opposed the proposed licence fee on them.
The telecom ministry on Tuesday issued show-cause notices to five private operators, including Bharti Airtel, Vodafone and Reliance Communication, for under reporting revenues, as per a special audit report, for assessment years starting from 2006 to 2008.