Business Standard
Sunday, Nov 22, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||||||Tech World| 
 Section Home | News Now | Features & Analysis | IT/ITES | Telecom | Hardware | Columnists | Gadgets & Gizmos
Home > ICE World Live Markets | Smart Portfolios II
  Search:

Tatas to launch GSM service this month, invest $2 bn
Press Trust of India / New Delhi June 10, 2009, 16:59 IST

CDMA telecom operator Tata Teleservices today announced the launch of its services in GSM platform in partnership with Japanese firm NTT DoCoMo and said will invest $2 billion by this fiscal to roll out operations across the country.

The service, which would be branded 'Tata-DoCoMo', would be commercially rolled out towards the end of this month in the southern region, followed by western and northern regions. NTT DoCoMo acquired 26 per cent stake in Tata Teleservices (TTSL) for $2.7 billion last year.

The company would be investing $2 billion in the operations, TTSL Managing Director Anil Sardana told reporters here. This is $0.5 billion higher than its earlier earmarked investment of $ 1.5 billion.

Tata DoCoMo has received licences to operate GSM telecom services in 19 telecom circles and has also been allotted spectrum in 18 of these circles barring Assam, North East, Jammu and Kashmir and Delhi.

"We are eagerly awaiting spectrum for Delhi and with reports of defence releasing some radio waves, we hope to lay claim on the spectrum," Sardana said.

Asked whether, the Japaneses firm would increase its stake further in TTSL, Toshinari Kuneida, Senior Vice President, Global Business, NTT DoCoMo said the company has no plans to raise its stake in the Indian JV.

On listing the entity, Sardana said it depends on the shareholders. "In due course every Tata company had followed the route and we will also follow the route."

However, he declined to share any timeline for the same.

Asked about the company's chance of participating in the 3G auction, Sardana said, "It depends on how the actual auction shapes up, confirmation on availability of spectrum and the reserve price".

TTSL has become the second telecom service provider after Reliance Communication to be providing services on both CDMA and GSM platforms under the dual-technology policy of the government.

He said the company is also open to bundling handsets with connections.

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- L N Mittal doubles his stake in Ophir Energy
- Indian handicraft firms to participate in Munich fair
- Microsoft eyes Indian smartphone mkt
- RIL Hazira unit bags 'Excellent Energy Efficient Unit Award'
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Kurbaan could be Karan Johar's first flop
- Ambani Jr, Brad Pitt join hands for sci-fi film
- We are not trying for a monopoly: HAL chairman
- HAL to invest Rs 25,000 cr in next 10 years
- A golden lining seen in silver prices
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should India's defence sector be thrown open to foreign investments?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback