RCom Executive Director Gurdeep Singh is learnt to have informed employees that the company has reached a "situation where we need to call it a day on our wireless business" and this would lead to closure of "wireless business 30 days from now".
Special Judge O P Saini, who is exclusively dealing with cases arising out of the 2G spectrum scam, also issued production warrants against Unitech Ltd MD Sanjay Chandra and Bollywood producer Karim Morani, who were absent as they are in judicial custody in other cases.
The company has also asked a number of employees to quit as part of its winding up of the operations.
Special Judge O P Saini was told by Swamy's counsel that more time was required to bring additional material in support of the plea as the politician has requested the probe agencies and filed an RTI to get the information.
The cancellation of 2G auctions and reallocation of 3G waves, all funded through bank loans, and the disruptive entry of Reliance Jio with free services has created major stress on the balance sheets of telecom companies.
Telecom operators Aircel, Reliance Communications and Airtel did not meet regulator TRAI's various quality norms for 2G services in multiple licence areas for the quarter ended December 2016.
New entrant Jio has initiated a price war leading to prices for data plans – including for 4G -- falling in a big way. This has led to a shift in the way people consume data.
In a statement published Tuesday, Counterpoint forecast that more than half a billion 4G capable feature phones will be shipped globally over the course of the next five years, and that demand for such models will grow more than 5,300 percent this year. Counterpoint describes the trend as a "big short-term opportunity" for the mobile industry.
"Idea has now announced that it will allow open market data recharges of 1GB and above to work on Idea's 2G, 3G or 4G network without any differential prices and this will be rolled out nationally by March 31, 2017," Idea said in a statement.
The company plans to cut 4G data price to Rs 49 from Rs 149 for 1 GB data, slash 3G prices to Rs 99 per month for unlimited data and revise 2G prices to Rs 49 per month for unlimited data, say sources.
"The project was approved in September 2014 but it came to BSNL in April 2016. BSNL is expecting to place execution order in April after which roll-out of the project will start in July and should be completed by December 2018," a source told PTI.
"It is very sad that the Uttarakhand government indulged in corruption even when it was time to help people hit hard by the calamity," the Road Transport and Highways Minister said, apparently referring to the 2013 Kedarnath tradegy.
A bench of Chief Justice J S Khehar and Justices N V Ramana and D Y Chandrachud asked the Special Public Prosecutor Anand Grover to file a proper petition and said it will be taken up at 2 PM.
The regulator is facilitating a pilot project at the holy place of Baijnath Dham in Jharkhand‘s Deoghar district where infrastructure providers have been invited to lay ducts based on demand of telecom, Internet and broadcast distribution service providers for the next 20 years, making it an investor-led initiative.
The government has asked Aircel to help its 2G mobile customers port their numbers to other telephony operators in case the Supreme Court was to pass an adverse order
Call drops on Aircel network during non-peak hours breached set benchmark in Assam, Bihar, Jammu and Kashmir, North East telecom circles, as per Performance Indicator report of the Telecom Regulatory Authority of India (Trai).
A bench of Justices J S Khehar and Arun Mishra also rejected one of the petitions of South Asia Entertainment Holding Ltd, an accused in the case, in which it had claimed that Aircel-Maxis case was not related to 2G spectrum scam.
"The new spectrum significantly enhances coverage, capacity and speed of Vodafone India's 4G data services in its key circles, complementing existing high-quality 2G and 3G voice and data capabilities," the company said in a statement.
The auction on the first day had closed with bids worth Rs 53,531 crore. With six rounds of bidding today, the total number of rounds conducted so far stands at 11.
According to sources, the second round of bidding for airwaves is under way and all participants placed bids in the first round.
A special 2G court today issued open warrants of arrest against Malaysian nationals T Ananda Krishnan and Augustus Ralph Marshall, who are accused in Aircel-Maxis deal case along with former Telecom Minister Dayanidhi Maran and his brother Kalanithi.
Customers can also upgrade their existing 2G/3G SIMs with 4G ready USIMs completely free of cost at any Airtel retail store, a company statement said.
To woo consumers in a market that has seen 'disruptive' entry of Reliance Jio, Vodafone today announced a new pre-paid plan that offers a single recharge pack for voice call, data, SMS and roaming requirements.
"There will be no repetition of Satyam or 2G... those types of things. Those things are unlikely to happen if the court is sincerely implemented," he said here at an event organized by FICCI on 'Insolvency and Bankruptcy Code 2016'.
"The agreement will enhance coverage for both Vodafone and BSNL customers. Next month, we will jointly provide seamless connectivity at the BRICS summit, which is to be held in Goa," BSNL CMD Anupam Shrivastava told PTI.