Bharti Airtel drops; Credit Suisse latest to downgrade
Bharti Airtel fell as much as 3.44 per cent to its lowest intraday level since October 2008, after Credit Suisse downgraded the stock, citing the prospect Reliance Infotel would enter the wireless voi
Indian telcos need a regulatory boost to grow
India's market leader Bharti Airtel has reported a 10th straight decline in quarterly profits. Overcrowding has forced prices to rock bottom, and an uncertain regulatory environment is preventing consolidation.
Bharti Airtel Q1 profit falls 37per cent, misses estimates
Top telecoms carrier Bharti Airtel reported its 10th straight quarter of profit decline as competition squeezed margins despite gaining subscriber market share from some of its smaller rivals.
TDSAT split on 3G roaming row, no endgame in sight
A telecoms tribunal on Tuesday gave a split verdict on a petition by mobile phone operators seeking to overturn a government order that bans them from forming pacts to offer 3G services outside their
Huawei to invest $2 billion in India; set up global R&D centre
Despite uncertainties in the telecom sector, Chinese equipment maker Huawei will invest USD 2 billion over the next four years in India as it looks to aggressively market consumer devices and set up g
Govt may take back part of spectrum from old companies for refarming
The Telecom Ministry is mulling taking back only a part of the spectrum allocated to old telecom players and give chance to others operators to buy them at the auction.
This proposal is learnt to be
Tax tribunal asks Bharti to pay $125 million: paper
A tax tribunal in India has ordered top mobile phone carrier Bharti Airtel to pay more than Rs 7 billion for unpaid customs duty, the Hindu Business Line reported on Friday.
A Bharti spokesman told R
Telecom Commission wants detailed study on airwaves auction price
The Telecom Commission will ask the Telecom Regulatory Authority of India (TRAI) to analyse the potential impact of a proposed airwaves auction base price that is seen as too high and has drawn protes
Airtel to invest USD 100 mn in Rwanda; to launch 3G next qtr
With an aim to expand its footprint in Africa, Bharti Airtel on Sunday said it would invest USD 100 million in the next three years in Rwanda and plans to offer 3G services in the country within the n
Telecom commission wants more airwave slots in auction
India's Telecom Commission wants a higher number of slots to be auctioned in an upcoming sale of second generation (2G) radio airwaves than that proposed by the sector regulator, in what could provide