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Capex spending slows in Q221-NOV-09
Rises only 2% from Q1, with cement, oil & gas, power, telecom all holding back.
Nokia to axe 330 jobs in Finland, Denmark20-NOV-09
Handset giant Nokia today said it will cut around 330 jobs in Finland and Denmark, as part of streamlining research and development operations.
Tata Tele top grosser of mobile users in Oct20-NOV-09
Cellular service provider Tata Teleservices today said it has become the top grosser of subscribers for the third consecutive month, with over 3.8 million new mobile users in October.
Airtel cuts mobile roaming rates by 60%20-NOV-09
Telecom major Bharti Airtel today cut mobile roaming rates by 60 per cent for its 115 million users, opening a new turf in the ongoing tariff war.
EGoM meet tomorrow to review 3G spectrum vacation18-NOV-09
An Empowered Group of Ministers (EGoM) will meet tomorrow to review progress on auction of 3G mobile licences, amid sharp differences between the telecom and defence ministries over release of spectrum (airwaves) for commercial use.
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.
Telenor cuts India capex by Rs 3,500cr18-NOV-09
Norwegian mobile operator Telenor today said it has slashed the earmarked capital expenditure by Rs 3,500 crore from Rs 15,500 crore spread over the next five years on lower equipment costs.
PowerGrid gives telecom network to BSNL on rent18-NOV-09
Power Grid Corporation of India Ltd (PGCIL) has initiated talks with the public sector telecom service provider, Bharat Sanchar Nigam Ltd (BSNL), to see if the latter is interested in leasing space from its towers, of which the former has around 500,000. Speaking to Business Standard, S K Chaturvedi, chairman and managing director, PGCIL, who was here to launch the country’s largest tower testing facility set up by Larsen & Toubro at Kanchipuram near Chennai, said the corporation has
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.
Vodafone asks I-T dept for more time to defend tax claim17-NOV-09
“We are working with the tax office to obtain an extension to file a response to the show-cause notice,” Vodafone said in a statement. A spokesperson declined to comment on how much time was needed.
Essar's african safari17-NOV-09
The company has ambitious plans for mobile telecom services in Africa.
Foreign cos abstain from 3G meet; telcos seek clarity16-NOV-09
Foreign telecom companies today stayed away from a meeting to discuss the blueprint for 3G (third generation) mobile spectrum auction, while domestic players were riddled with doubts regarding regulation and availability of airwaves.
PE investment in telecom to look up in 201016-NOV-09
Private equity investment in the country's telecom sector is likely to surge next year with the introduction of 3G services and rural penetration by telcos, experts say.
RCom launches mVDO for mobile users16-NOV-09
Telecom operator Reliance Communications (RCom) today announced the launch of its value-added service 'mVDO', which will allow its mobile subscribers watch, share, search and upload videos online.
Essar takes 51% stake in Uganda, Congo telcos16-NOV-09
The Ruias’ Essar Group is to acquire a 51 per cent stake in the telecom operations of the Dhabi Group, an investment company led by Abu Dhabi’s royal family, in Uganda and Congo for around $150 million (Rs 692 crore).
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