Telecom articles

Tata communication sees new opportunities in India

Tata communication sees new opportunities in India

SINGAPORE:Tata Communications sees new opportunities in India with the increasing demand for fibre-optic lines in the country due to government’s plan to build 100 smart cities, a senior company official said today. “We see more opportunities in setting up fibre-optic network in the Indian government’s plan to build 100 Smart Cities,” Tata Communications Chief Strategy

Vodafone says applied for payments bank licence

Mumbai: Vodafone Group Plc’s Indian unit said on Tuesday it had applied to the RBI for a permit to operate a payments bank, which are aimed at bringing basic banking services within the reach of millions. Vodafone India Ltd is exploring options for partnerships, it said in a statement. As of Monday’s deadline, the RBI

Telecom & Finance Ministers discus spectrum auction

NEW DELHI: Telecom Minister Ravi Shankar Prasad held a meeting with Finance Minister Arun Jaitley to discuss the upcoming spectrum auction and using the revenue generated to meet government’s fiscal deficit target for current fiscal. The auction of the airwaves is scheduled for March 4. Prasad met Jaitley yesterday and the ministers discussed the upcoming

Open to using satellites, drones for NOFN project: Prasad

NEW DELHI: The government is open to the use of satellite technology, drones or special balloons for providing broadband connectivity to all the gram panchayats under the NOFN project, Telecom Minister Ravi Shankar Prasad said today. “We have to reach every gram panchayat and therefore I am quite open to tweaking the technology of the

Facilitate M&A norms to attract investment in telecom sector, says COAI

NEW DELHI: Telecom lobby group Cellular Operators Association of India (COAI) has blamed “discouraging M&A guidelines” issued by the previous UPA II government as the main reason for subdued investments in the telecom sector, and sought nimble policy changes. “No major merger and acquisitions investment activity took place last year due to restrictive policy norms,

DoT seeks time to file reply on Loop Telecom’s plea

NEW DELHI: Department of Telecommunication (DoT) today sought six weeks from a special court to file its response on a plea by Loop Telecom Ltd, facing trial in a case relating to the probe into the 2G spectrum allocation scam, for referring the matter to the Lok Adalat. A DoT official, who appeared in the

Government issues details for auctioning 5 Mhz of 3G spectrum

NEW DELHI: Government has issued details for auctioning 5 Mhz of 3G spectrum across 17 out of 22 service area at a pan-India base price of Rs 3,705 crore per megahertz. The quantum of spectrum in 2100 Mhz band (3G) being put for auction is 75 per cent less than the quantum recommended by telecom

Telcos to pay 33% upfront payment in 2100 Mhz band: DOT

New Delhi: The department of telecommunications (DoT) on Friday stated that telecom operators will have to pay an upfront payment of 33 per cent after winning spectrum in 2100 MHz band in the auction starting March 4. According to the details issued by the DoT for 2100 MHz band, it will auction 5 Mhz of

Govt applies Vodafone tax ruling principle to other cases

Mumbai: The government has asked tax officials to apply the principle behind a tax ruling involving Vodafone Group Plc to all similar transfer pricing cases, an official letter seen by Reuters showed. The government had said on Wednesday that it would not appeal a regional court ruling in favour of Vodafone in a long-running dispute