In yet a major blow in 2G spectrum allocation scam 2002, the special CBI court summoned Bharti Airtel CMD Sunil Mittal as an accused in the case. Read more
Tag: Sunil Mittal
Bharti Airtel Q1 fell by 37% to Rs 762.2 crore
The biggest mobile phone carrier by subscribers, Bharti Airtel has recently announced reports saying that the company’s 10th successive quarterly profit reported a fall.
Further, the company announced that the fall in profit is 37 percent at Rs 762.2 crore for the first quarter.
The company reported a net profit of Rs 1,215.2 crore in the same period of the last financial year. Read more
TRAI hikes 2G base rate to Rs 3,622 crore
After cancelling all 122 licences under the Supreme Court’s verdict in February, it ordered government to conduct auction spectrum procedure within four months.
As per SC direction, Trai on Monday proposed its recommendations for this.
By allowing all service providers new as well as existing to freely part in auction of pan-India second generation (2G) spectrum for a licence, Telecom regulator Trai has announced the reserve price for 1 MHZ of spectrum in the 1800 megahertz band of Rs 3,622.18 crore. Read more
