Tag: 2G spectrum

2G Scam: CBI Prosecutor sacks, Chief on JPC grill

In a major setback on 2G scam, Joint Parliamentary Committee is going to examine the CBI’s allegation that a public prosecutor in the 2G spectrum case was connected with a representative of one of the accused. Read more

Telenor, Tata Teleservices in talks to merge Indian biz

Norway’s largest telecom operator, Telenor is in talks with Tata Teleservices to merge its Indian operations seeking to get its targeted point in the Indian mobile phone market over 900 million customers.

As per close sources with direct knowledge of the matter, Telenor which seeks to take a majority stake in the merged entity would become the top fifth mobile phone company in India, source said.

Meanwhile, India’s Tata Group will cut off its stake in unlisted Tata Teleservices and Japan’s NTT Docomo which have 26% stake in Tata Teleservices, Read more

2G Spectrum Flopped, Where are those Rs 1.76 lakh crore?, Sibal asks

Telecom Minister Kapil Sibal 150x150 2G Spectrum Flopped, Where are those Rs 1.76 lakh crore?, Sibal asksDenied to comment over CAG’s estimated loss figure of Rs 1.76 lakh crore for the “shuttering” of the spectrum in telecom sector on first-come-first-serve service in 2008, the Indian government announced to set next spectrum auctions bids by March-end.

This time auction would be followed for those telecom areas which have not come in this week’s worset flop event of telecom mobile spectrum, such as Delhi and Mumbai  and price will be decided very soon by  an Empowered Group of Ministers (EGoM). Read more

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