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HindustanTimes Tue,23 Sep 2014

Infotech-Telecom

Rupee, high taxes pull Airtel Q1 net down 10%

India’s largest telecom service provider Bharti Airtel on Wednesday reported a 9.6% year-on-year fall in net profit to Rs. 689 crore, during the April-June quarter mainly due a depreciating rupee and higher taxes.

Dell takeover bid in peril as voting rule remains

Michael S Dell’s effort of several months to buy the company that bears his name was thrown into jeopardy Wednesday, as a special committee of the computer maker’s board refused his demand to change the voting rules on the huge buyout.

Telcos smile again

India’s telecom sector seems to be on a revival path, going by the quarterly results of three pan-India operators — Bharti Airtel, Idea Cellular and Reliance Communications (RCom).  Manoj Gairola  reports.

DoT issues fresh guidelines for telcos

New guidelines for telecom licences issued by the department of telecommunications (DoT) to reform the telecom industry in the wake of the 2G spectrum scandal have abolished crossholding between operators in a service area. HT reports.

Barclays downgrades Reliance Comm to 'underweight'

Barclays have downgraded Reliance Communications Ltd to "underweight" from "neutral", citing expensive valuations after recent outperformance and reiterated Bharti Airtel as its top pick in the telecom sector with an "overweight" rating.

Nokia finalises Nokia Siemens buy, changes name

Finnish mobile phone maker Nokia said today it had finalised the purchase of German engineering giant Siemens' 50% stake in Nokia Siemens Networks, and changed the company's name.

DoT mulls fingerprint for new SIM card

The department of Telecommunications (DoT) is examining a proposal to make it compulsory for mobile operators to take fingerprint of customers at the time of receiving application for a new mobile connection.

TCS to invest Rs. 500 crore to setup centre in Indore

IT services firm Tata Consultancy Services is setting up a software development campus in Indore with an investment of Rs. 500 crore in two phases.

BSNL, MTNL seek to exit 4G route

Hamstrung by their huge debt position, government-owned BSNL and MTNL are seeking to surrender their 4G spectrum, and want the government to refund the spectrum fee they paid. Manoj Gairola reports.

SBI picks holes in lending to telcos

State Bank of India (SBI) has informed the Telecom Regulatory Authority of India (TRAI) that banks will not be able to fund telecom operators if the price of spectrum is very high.

Pesky calls: TRAI cracks down, telcos to be fined

Still getting pesky calls? Your telecom operator will have to pay a fine of Rs. 5,000 per instance if you lodge a complaint for pesky calls and SMSes. HT reports.

Regulator wants FDI cap for news channels raised

The Telecom Regula-tory Authority of India (Trai) on Thursday pitched for easier investment rules in the broadcasting sector and recommended raising the foreign direct investment (FDI) cap to 49% for uplinking of news and current affairs TV channels and FM radio services from the existing limit of 26%.

Nokia says India 'least favourite market': report

Finnish telecom giant Nokia has told government that the country is now its "least favourable market" to operate in and it makes better sense to export its products from China, a report said today.

Additional spectrum case: Mittal tells court stay is still on

Bharti Cellular CMD Sunil Mittal on Friday claimed before a special CBI court that there was a stay on the hearing in the additional spectrum case.

Rel Jio seeks voice telephony licence

Mukesh Ambani-owned Reliance Jio Infocomm (RJI), a subsidiary of Reliance Industries Ltd (RIL), has applied for a unified licence (UL) that will allow it to offer voice telephony.
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