Sunday, April 3, 2011

Y! Alert: Telecom-Funda

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Telecom investments hit FIPB roadblock Top
Greater scrutiny and cautious approach by different government departments are delaying foreign investment into the telecom sector, where several leading firms are under the Central Bureau of Investigation (CBI) scanner. At least six such applications are pending — some for three months and some for as long as over a year — before the foreign investment promotion board (FIPB), the government arm meant to encourage and promote foreign investment. Source
 
Idea rings in the 'Power of 3G' Top
IDEA Cellular, India's third largest mobile operator today announced the launch of its 'Gold Standard' 3G services that will catapult mobile communication services and transform user experience. The third generation of mobile communication systems, 3G, lets customers use an extensive range of high-end data services on a wide variety of handsets and other devices. Idea announced the launch of 3G services on its network in MP & Chhattisgarh, Gujarat and Himachal Pradesh today. To anchor the occasion, Idea unveiled a new 3G logo. Source
 
As operators weigh 3G pacts, licence lines blur Top
Some of India's leading mobile telephony operators are apprehensive that their grand plans to combine resources to offer nationwide third-generation, or 3G, services may run into a regulatory roadblock — if the watchdog takes a different interpretation of existing norms around roaming, when applied to data services. While Idea Cellular believes that intra-circle roaming is already prevalent in 2G and has explicit permission in the existing regulatory framework, another large carrier that features among the top three operators in the country, said that any such pact or agreement among operators for 3G spectrum sharing would require regulatory nod. Source
 
India Lags in Internet Access: Study Top
India's booming IT industry is growing at an astonishing rate of nearly 18 percent, according to a recent forecast by Nasscom (National Association of Software and Services Companies). That's compared with a global growth rate of the industry at 4-5 percent. Yet India is the only country to be classified as "extreme risk," meaning that the country's population suffers from a severe lack of digital inclusion, in a recent study by British risk analysis firm MapleCroft. Source
 
India's 'digital divide' worst among peers: study Top
Most Indians are missing out on the "digital revolution" due to dismal Internet access for the poor with the nation lagging far behind its emerging market peers, a study found. The study said India was at "extreme risk" from a lack of "digital inclusion" as a vast proportion of its 1.2 billion population had no access to the Internet. "Digital inclusion has the potential to bring education to people in countries where educational infrastructure is limited and the development of cadres of teachers is still constrained," said Alyson Warhurst, head of British risk analysis firm MapleCroft, which carried out the survey. Source
 
Internet Advertising in India Top
One of the best channels for promoting brands, products and businesses is Internet advertising and it has evolved into one of the most explored new mediums available today. The popularity of the Internet as a new media channel has exploded in recent years, attributed mostly to faster, more reliable and more affordable broadband connections. More and more advertisers are shifting from traditional advertising channels and going online in order to maximize audience exposure and capture a bigger share of this growing market. Source
 
Tata Teleservices to raise $670m via rights issue Top
Unlisted Indian telecommunications company Tata Teleservices Ltd. is likely to raise INR30 billion ($670.8 million) via a rights issue and will use the fund to expand its third-generation mobile services, a person familiar with the matter said Wednesday. "The rights issue will come in two tranches and the announcement for the first tranche is likely in a day or two," the person told Dow Jones Newswires, asking not to be named. Source
 
Etisalat's India deal violated foreign investment rules-lawyer Top
Etisalat's deal in 2008 to buy a stake in an Indian telecoms firm, Swan Telecom, violated Indian rules on foreign investment and foreign exchange, a lawyer for the federal investigative agency told the Supreme Court on Tuesday. The federal investigators are probing into a multi-billion-dollar telecoms licensing scam. The Supreme Court is monitoring the probe by the federal agency Source
 
DoT to place national broadband policy for Cabinet approval Top
Union Communications and IT Minister Kapil Sibal on Wednesday met mobile operators to discuss the National Broadband Plan that aimed at providing high-speed Internet access and e-governance services even as the Department of Telecommunications (DoT) is busy preparing the National Broadband Policy that would be sent for the Cabinet approval soon. In the meeting, where representatives of various telecom companies as well as members of telecom industry bodies — the Cellular Operators Association of India (COAI) and the association of Unified Telecom Service Providers of India (AUSPI) — were present, Mr. Sibal discussed various issues related to setting up of the National Optical Fibre Network (NOFN). Source
 
Vodafone to buy out Ruias for $5 billion Top
Vodafone and Essar have agreed on an amicable divorce after a four-year marriage marred by bitter fighting, with the British group offering its Indian partner a previously agreed pre-nuptial settlement of $5 billion (Rs 22,200 crore). Vodafone on Thursday said both sides would exercise options under which Essar would sell its 33% holding in India's No. 3 mobile operator by customers, Vodafone Essar, to the world's biggest mobile phone company by revenues. Source
 

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