Vodafone objects to Essar’s reverse listing (India, UK)

Editor Mobile

Vodafone has complained to market regulator SEBI and the Bombay Stock Exchange (BSE) about its partner Essar’s plans to transfer 11% stake to another listed group firm stating that it was not disclosed by the Indian partner. According to Vodafone, it has written to both BSE and SEBI to express its concerns regarding reverse listing of Essar Telecommunications Holdings Pvt …

EditorVodafone objects to Essar’s reverse listing (India, UK)

DoT likely to fine faulty telcos, instead of canceling license (India)

Editor Mobile

The Department of Telecommunications (DoT) is likely to impose huge penalties on telecom firms that have failed to meet their launch obligations rather than cancel their licenses. According to telecom minister Kapil Sibal, the DoT would consider the recommendations of telecom regulator TRAI. They will consider it. However the action was not specified. The Telecom Regulatory Authority of India has …

EditorDoT likely to fine faulty telcos, instead of canceling license (India)

Bharti stakes on Bollywood to drive satellite TV business

Editor Mobile

Bharti Airtel Ltd., India’s largest mobile-phone company, anticipates rapid growth at its satellite television unit on increasing demand in rural areas for Bollywood movies and soap operas. According to Ajai Puri, chief executive officer of the company’s digital TV services business, Bharti has signed up 3.8 million customers to gain a 14% market share. Industry wide, as many as 12 …

EditorBharti stakes on Bollywood to drive satellite TV business