The latest from Telecom-Funda
- Bharti Airtel Q2 net drops 27%, lags forecast
- No plan to withdraw 2G spectrum: DoT
- India Telecom Ministry Denies Corruption Charges in 2G Auction
| Bharti Airtel Q2 net drops 27%, lags forecast | Top |
| Bharti Airtel, India's top mobile operator, reported a bigger-than-expected 27% drop in quarterly profit after being squeezed by a price war but said it continued to generate healthy free cashflow. The outlook for Bharti, India's top mobile operator, and its rivals has improved as phone call prices have stabilised after last year's vicious war in the 15-player Indian telecom market sent call prices as low as 0.4 cents a minute, hitting earnings. Source | |
| No plan to withdraw 2G spectrum: DoT | Top |
| Department of telecom (DoT) secretary and telecom commission chairman R Chandrasekhar said that there was no plan to withdraw 2G spectrum allotted in 2008 from any of the players. India's chief auditor, CAG has said that many of the licences given to five of the nine telecom companies were illegal, reports Gulveen Aulakh. Swan (now Etisalat), Datacom (Videocon), Unitech (which ceded majority control to Norways Telenor), Sistema-Shyam and Essar Group-owned Loop Telecom were given pan-India licences and airwaves for a mere `1,651 crore each. Source | |
| India Telecom Ministry Denies Corruption Charges in 2G Auction | Top |
| India's government filed a reply before the Supreme Court refuting corruption charges in the government's sale of airwaves in 2008 to mobile-phone operators. India's Central Bureau of Investigation has been examining the role of the federal government, Telecommunications Minister Andimuthu Raja and the Ministry of Communications in the pricing of second-generation airwaves since October last year, the communications ministry said. Source | |
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