Three-way consolidation with MTS may create country’s second-largest telco Reliance Communications on Tuesday said it had entered into a 90-day non-binding exclusivity period with Maxis Communications Berhad and Sindya Securities and Investments, shareholders of Aircel, to consider potential combination of their Indian wireless business. This comes a month after Reliance Communications’ announcement of a similar deal with MTS, the Indian arm of Russia’s Sistema Group, ... Rediff.com, 1 month ago
DoT had raised the demand on December 22 and asked RCom to pay within a month. The department of telecommunications (DoT) has asked Reliance Communications (RCom) to pay Rs 5,384 crore (Rs 53.84 billion) for sharing its 800 MHz spectrum in 16 circles. The spectrum liberalisation fee would apply to all circles where airwaves weren’t sold via auctions. Sources familiar with the developments said the company had also been asked to pay a one-time spectrum usage charge of Rs 1,596 crore (Rs ...Rediff.com, 1 month ago RCom, Aircel to pare debt to Rs 20,000 cr ahead of merger Rediff.com, 1 month ago
DoT chalking out strategy to narrow digital divide The department of telecommunications is chalking out a strategy to promote internet services, especially in small towns and areas, through state-run BSNL to bridge the digital divide. This will be in line with government’s vision of Digital India. “Now, we are planning to rope in BSNL for spreading and creating Internet awareness. “BSNL already offers services, mainly voice, at a subsidised rate in small and remote ...Rediff.com, 3 days ago
Markets closed the session on a weak note weighed down by software technology shares on the back of sharp increase in US visa fees. Further, traders have also turned cautious in a truncated week. The stock exchanges will be closed for trading on Friday on account of Christmas Day. The S&P BSE Sensex closed lower by 145.25 points at 25,590.65 and the Nifty50 fell 48.35 points at 7,786.10. Among broader markets, BSE Midcap and Small Cap indices ended marginally lower. “After ...Rediff.com, 1 month ago
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