Telecom Sector

Vodafone to invest $3 billion in India over next two years

Vodafone to invest $3 billion in India over next two years

British telecommunications giant Vodafone has announced its decision to invest $3 billion (nearly Rs 18,605 crore) in India over the next two years to expand its reach, particularly in rural areas.

On Wednesday, Vodafone Group CEO Vittorio Colao said, "Our organic or real investment into the country is a significant $ 3 billion in two years... is the right decision."

Mr. Coalo was speaking to reports after holding a meeting with Union Finance Minister P. Chidambaram on the company's nearly Rs 12,000-crore tax dispute with the government.

Inter-ministerial panel approves 25% hike in 2G spectrum base price

Inter-ministerial panel approves 25% hike in 2G spectrum base price

Agreeing with the recommendation of the Telecom Commission, the Empowered Group of Ministers (EGoM) on telecom on Friday approved increase of 25 per cent in reserve price of spectrum for the next round of auction.

The government has plans to launch the next round of auction of mobile phone spectrum in the 900 MHz and 1800 MHz bands as early late December. Announcing the decision, the EGoM also said that the 800 MHz spectrum would once again be referred to the telecom regulator for pricing.

Telecom Commission recommends 15-25% hike in spectrum reserve prices

Telecom Commission recommends 15-25% hike in spectrum reserve prices

Overriding the Telecom Regulatory Authority of India's (Trai's) recommendations on reserve price for spectrum in the upcoming auction, the Telecom Commission on Wednesday suggested a hike of up to 25 per cent in the reserve price.

Vodafone moves FIPB to take full control of Indian subsidiary

Vodafone moves FIPB to take full control of Indian subsidiary

British phone operator Vodafone Group Plc has officially sought the Foreign Investment Promotion Board's (FIPB's) approval for raising its stake in its Indian subsidiary to 100 per cent.

Currently, Vodafone Plc owns 64.38 per cent stake in Vodafone India. To gain full control of the subsidiary, the British firm will have to purchase stake of other stakeholders, viz. the Ajay Piramal-led Piramal Group, Max Group's Analjit and IDFC. The Piramal Group holds 11 per cent stake, which it had purchased for Rs 6,000 crore in February 2012.

COAI welcomes Trai’s firm stance on spectrum reserve price cuts

COAI welcomes Trai’s firm stance on spectrum reserve price cuts

The Cellular Operators Associations of India (COAI) on Wednesday welcomed telecom regulator's firm stance on its recommendation for huge cuts in the reserve prices of spectrum scheduled to be auctioned late this year of early next year.

Telecom Regulatory Authority of India (Trai) yesterday rejected the government's demand to review its suggestions that the reserve price for spectrum in the 900 MHz and 1800 MHz bands be cut by 60 per cent and 37 per cent, respectively.

WBSPL becomes fully-owned subsidiary of Airtel

WBSPL becomes fully-owned subsidiary of Airtel

Bharti Airtel on Friday announced that it had become the sole owner of Wireless Business Services private Limited (WBSPL) after acquiring U. S. chipmaker Qualcomm Inc's remaining stake in the company.

Airtel confirmed that it acquired Qualcomm's remaining 51 per cent in WBSPL, which owns Broadband Wireless Access (BWA) spectrum telecom circles of Delhi, Mumbai, Haryana and Kerala. The company, however, did not disclose the price of the deal.

The India telecom giant had purchased an initial 49 per cent stake in WBSPL in May last year for $165 million.

T-Mobile planning to scrap grandfathered data plans

T-Mobile planning to scrap grandfathered data plans

One of the Leading telecom service provider, T-Mobile has said that it is scrapping its old grandfathered data plans and moving customers to its current Simple Choice plans.

The company said that the move will allow a vast majority of customers to have improved and better service at a comparable price. The company also said that the users who are being transferred to the new plans will not face any loss. The company will move customers in November and the customers can expect their old plans to be automatically switched for a automatically selected new plan.

Airtel, Idea Cellular hike ISD rates

Airtel, Idea Cellular hike ISD rates

Two Indian telecom operators have hiked their international call rates, mainly to cope with the impact of depreciation in the value of rupee.

Bharti Airtel, the country's leading mobile phone operator, has announced an increase of up to 80 per cent in international call rates; while Idea Cellular has increased international call rates by up to 25 per cent.

The official websites of the two operators revealed that standard international call rates to countries like the United States, Britain and Canada have been increased from Rs 6.40 per minute to Rs 8 per minute.

Airtel launches myPlan to expand its post-paid customer base

Airtel launches myPlan to expand its post-paid customer base

Bharti Airtel, India's leading mobile phone operator, on Friday announced a new plan that allows post-paid customers to customise their bill plans as per their needs.

The new plan, called myPlan, allows post-paid customers to select a plan from five available monthly rental plans that start from 199 and go up to Rs 999.

Govind Rajan, CMO of Consumer Business at Airtel, said that they launched myPlan because every customer has different needs and requirements.

Telecom Ministry approves Unified Licence for Reliance Jio

Telecom Ministry approves Unified Licence for Reliance Jio

Telecom Minister Kapil Sibal has approved Unified Licence for India's only pan-India 4G spectrum holder Reliance Jio Infocomm Ltd (RJIL), sources from the ministry revealed.

Speaking on the condition of anonymity, the sources also said that the telecom ministry has already issued letter of intent (LoI0 to the company for taking the new licence.

Revealing the development, the sources said, "Telecom Minister (Kapil Sibal) has approved it (Unified Licence for RJIL) and letter of intent was issued last week."