TRAI's costly 2G auction proposal draws operator ire
The Telecom Regulatory Authority of India (TRAI) proposed a near tenfold increase in the price of 2G spectrum in a reissue of licences being stripped from mobile operators, drawing howls of protest fr
2G spectrum price proposals hit telco stocks
The telecoms regulator's proposal for a near 10-fold increase in basic mobile phone spectrum prices and switching of radio spectrum given to older carriers knocked down shares of leading operators on
2G: SC refuses to grant 400 days to Centre for licence auction
The Supreme Court on Tuesday refused to grant 400 days to the government to complete the process of fresh auctioning of the 2G spectrum licences but extended the deadline for it from June 2 to Augu
Apex court reserves order on Chidambaram in 2G case
The Supreme Court on Tuesday reserved its order on whether to issue a notice to union Home Minister P. Chidambaram on a plea of Janata Party president Subramanian Swamy seeking to make him a co-accuse
Sistema to take $1 billion writedown on India: Sources
Russian services conglomerate Sistema will take a writedown of nearly $1 billion related to the suspension of its Indian licences, sources close to Sistema said on Friday.
The writedown is a non-cash
Recommendations on spectrum auction by April 15: Trai
Telecom regulator TRAI will give the recommendations on spectrum auction before April 15, its chairman J.S. Sarma said on Wednesday.
"We should be able to give recommendation on this (auction of spe
Unitech ready to sell JV stake at 'fair' price: Source
Telenor's Indian cellular joint venture partner, Unitech Ltd is 'in principle' ready to sell its stake to the Norwegian company but wants a 'fair' valuation, a source with direct knowledge of the matt
Govt aims to garner Rs 1.5 lakh cr via asset sale, dividends
Government aims to tap various assets to raise an estimated Rs 1.52 lakh crore (over USD 30 billion) in the next fiscal, nearly half of which could come from telecom spectrum sale and disinvestment in
2G: Ruias, Khaitans told to appear in court 'in their interest'
Essar Group promoters Anshuman and Ravi Ruia, accused in a case flowing out of the 2G scam, were on Saturday directed by a Delhi Court to appear in person before it with a warning they would suffer
Hearing on Swamy's plea against Raja deferred to May 26
A Delhi court on Saturday deferred till May 26 the hearing on a plea by Janata Party chief Subramanian Swamy who had levelled some fresh allegations against former Telecom minister A Raja, the key