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3G auctions to be on schedule, says EGoM20-NOV-09
Uncertainty over auctions of 3G or third generation telecom services ended today, with the empowered group of ministers (EGoM) deciding to stick to the January 14 date with a slight modification.
Vavasi to approach BSNL, MTNL for due diligence of Zain18-NOV-09
Vavasi group, a city-based firm with diverisifed interests, today said it would approach government-owned Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) to join in doing due diligence of Kuwait's Zain Telecom.
BSNL, Vavasi talks for Zain buy fall through18-NOV-09
State-owned Bharat Sanchar Nigam Ltd (BSNL) is likely to exit the consortium comprising Delhi-based Vavasi Group and Malaysia's Al-Bukhary to acquire 46 per cent in Kuwait’s Zain Telecom.
US market ends firm; MTNL ADR up 3%17-NOV-09
US markets advanced on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to help growth.
MTNL hopes to add 2 million broadband connections by 201014-NOV-09
“We expect to reach the target of providing 2 million broadband connections by 2010,” MTNL’s CMD, R S P Sinha told reporters here. Another leading state-run telecom operator, BSNL had launched a similar scheme a month back.
DoT, defence scrap over 3G spectrum12-NOV-09
The inter-ministerial battle over spectrum for 3G telecom services has intensified, with the department of telecommunications (DoT) rejecting a claim by the ministry of defence (MoD) that it has not accounted for 10 MHz of spectrum given to DoT at the end of October in the information memorandum (IM).
On the way: cable TV without any wire03-NOV-09
In what may become a revolution in entertainment, accessing television via cable, IPTV or interactive DTH services is soon going to be via wireless, on the lines of a wi-fi internet connectivity.
3G connections in Mumbai for Rs 109: MTNL02-NOV-09
State-run telecom operator Mahanagar Telephone Nigam (MTNL) today said it will offer new 3G prepaid connections for Rs 109 in its Mumbai circle.
MTNL issues global tender for Mauritius project02-NOV-09
State-run telecom operator MTNL has issued a $20 million global tender for installation and commissioning of 200,000 GSM lines, including 3G, for its Mauritius unit.
MTNL, Tata Tele, Nalco & Ashok Leyland Q2 result31-OCT-09
Falling revenues from both mobile as well as fixed line subscribers have forced state-run telecom major Mahanagar Telephone Nigam (MTNL), which operates in Delhi and Mumbai, to post a steep 77.5 per cent fall in net profit to Rs 20.5 crore for the second quarter ending September 30, against Rs 91.5 crore in the same quarter last year. In the same period, the total income was Rs 972 crore against Rs 1,231 crore in the same quarter last year, a 21 per cent decline.
BSNL seeks sharp cut in Zain price26-OCT-09
State-run telecom behemoth Bharat Sanchar Nigam Ltd, or BSNL, is ready to pay no more than $10 billion for the 46 per cent equity it is eyeing in Kuwait’s Zain Telecom, much lower than the $13.7 billion tag that the Kharafi family has attached to it.
BSNL, MTNL shortlisted for Zamtel buyout23-OCT-09
India’s telecom PSUs, Bharat Sanchar Nagam Ltd (BSNL) and Mahanagar Telephone Nagam Ltd (MTNL), have been shortlisted to participate in buying out the majority stake in Zambia’s leading telecom company, Zambia Telecommunications Ltd (Zamtel).
BSNL, MTNL eye Russia, Europe23-OCT-09
Not content with its joint bid for Kuwait-listed Zain Telecom, state-owned Bharat Sanchar Nigam Ltd (BSNL) and Mahangar Telephone Nigam Ltd (MTNL) are planning to set up a special purpose vehicle (SPV) with Delhi-based Vavasi group to participate in a joint venture for Russian and western European telecom operations.
US market ends +ve; Dow up 96pts20-OCT-09
US market advanced to fresh 12-month highs on Monday as optimistic investors rode a wave of solid quarterly earnings.
Sunil Jain: Dial a disaster19-OCT-09
Going by the whispers in the corridors of power, the government is likely to act on a proposal to allow BSNL and MTNL to buy a stake in the $8.5 bn telecom firm Zain which has operations in 22 countries in Africa and Central Asia.
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