The special audit conducted on leading telecom operator Bharti Airtel at the instance of the government has found no fraud, though it talks of some irregularities as prevalent in the industry.
The government today said the upcoming auction of radiowaves for the third generation mobile services will open the doors for foreign players to make an entry into fast growing Indian telecom market.
Telecom major Bharti Airtel is in talks with the State Bank of India (SBI) to fund its USD 10.7-billion bid to acquire most of the African assets of Kuwait's Zain Telecom, a top bank official said.
Telecom service provider Aircel today said it plans to invest USD 1.4 billion (over Rs 6,474 crore) this year on expanding its operations and become a pan -India GSM operator by June.
Telecom regulator TRAI will bring out a policy on mobile towers covering aspects like design, structure and erection by the March-end.
UAE's leading telecom services provider Etisalat has sought an approval from the Foreign Investment Promotion Board (FIPB) to raise its stake in its Indian subsidiary Etisalat DB to a majority share.
Shares of Bharti Airtel today plunged over six per cent in the morning trade on the National Stock Exchange after the country's largest telecom firm said it has entered into exclusive talks with Zain Telecom for acquiring its African operations.
A day after Kuwait's Zain Telecom approved the bid by Bharti Airtel, the Indian telecom operator today said it has entered into exclusive talks with Zain for acquiring its African
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