Bharti group Chairman Sunil Mittal said the telecom firm will look at opportunities to acquire another firm in India, provided that there is a clear merger and acquisition policy in place.
Foreign institutional investors hold 16.76 percent stake in Idea Cellular, 7.95 percent in Reliance Communications and 16.24 percent stake in Bharti Airtel as of June 2013.
In the upcoming spectrum auction which might happen in September 900 MHz spectrum would be priced higher than 1800 MHz, believes Jaideep Ghosh of KPMG.
The Department of Telecom is likely to slap a demand notice of Rs 650 crore on Bharti Airtel for allegedly violating licence norms on subscriber local dialing (SLD) services.
Telecom Minister Kapil Sibal today alleged that there was "rampant corruption" under the BJP government in Madhya Pradesh.
A high-powered ministerial panel today allowed Norwegian telecom firm Telenor's Indian arm to adjust Rs 1,658 crore licence fee it had paid in 2008 against the final price it has to pay for buying spectrum.
State-owned telecom major BSNL's cash reserves declined by a whopping 96 per cent to Rs 1,214.44 crore in 2011-12 from Rs 29,355.5 crore 2009-10.
State-run BSNL has set a target to garner Rs 1,600 crore in revenue in next five years from its telecom tower business, which its plans to hive off into a separate company.
The much-talked about 2G mobile phone spectrum auction virtually flopped with just Rs 9,407 crore being garnered in the process contrary to the high valuation estimated by the CAG in its damning report of the government two years ago.
Bharti Airtel today launched a network experience centre (NEC) at Manesar to monitor its various services across India and South Asia from a single location.
Smart tele-marketers have outsmarted the government machinery by resorting to Internet- based SMSes and call services on which regulators have no control.
India's new telecom policy will focus on building access in rural areas and promoting the domestic production of equipment, Telecoms Minister Kapil Sibal said on Monday.
Finance Minister Pranab Mukherjee claimed on Thursday that the controversial note on 2G spectrum allocation scam that his ministry had sent to the Prime Minister's Office was just a background paper on the entire issue and nothing more.
Telecom Minister Kapil Sibal has given in-principle approval to draft National Frequency Allocation Plan-2011, which would help in efficient spectrum management and higher mobile penetration in rural areas.
Jailed former Telecom Minister A Raja today told a Delhi court that he would get Prime Minister Manmohan Singh, then Finance Minister P Chidambaram and present Telecom Minister Kapil Sibal summoned as witnesses to prove government did not incur any loss in the 2G allocation.
Telecom Minister Kapil Sibal today contested the claims of former Telecom Secretary Siddhartha Behura over a December, 2007 meeting held regarding entry fees for 2G licences, in which he had said the then Finance Minister P Chidambaram and former Finance Secretary D Subbarao were present.
Against the backdrop of allegations of favouring Reliance Communications by reducing penalty on the company, Telecom Minister Kapil Sibal today set up an enquiry committee under Telecom Secretary to look into cases of delay in the rolling out of mobile services as provisioned under the USOF scheme.
The Supreme Court today refrained from passing any order on a PIL filed against Telecom Minister Kapil Sibal accusing him of reducing a penalty amount favouring Anil Ambani-headed RCOM, saying persons aggrieved can avail remedy under the law.
Amid growing consumers dissatisfaction, Telecom Minister Kapil Sibal will hold the first round table with consumer user groups to look into their grievances in issues like pesky calls, hidden costs in tariffs and ineffective redressal system, among others.
A Group of Ministers headed by Finance Minister Pranab Mukhejree is likely to meet on Monday to vet London-listed mining group Vedanta Resources' USD 9.6 billion acquisition of Cairn India.
Telecom minister Kapil Sibal said on Monday telecom sector problems have stemmed from mismanagement of spectrum.
Amid a raging controversy over disinvestment of the erstwhile VSNL, Tatas on Thursday hit back at the government, saying the company made several attempts since 2005 onward for the demerger of surplus land but the Telecom Ministry's response is still awaited.
Telecom Minister Kapil Sibal is likely to meet industry players next week in order to reach a consensus on issues, including licencing, spectrum allocation, spectrum sharing and mergers and acquisition.
Under attack over the 2G scam, Telecom Minister Kapil Sibal today sought to put the blame on BJP saying the NDA regime's revenue-sharing method, instead of a fixed licence fee, caused a revenue loss of about Rs 1.50 lakh crore.