Etisalat Db

Majestic Infracon, owned and controlled by Shahid Balwa and Vinod Goenka, has approached the division bench raising arguments essentially that Etisalat argument for winding up petition were based on a CBI chargesheet and that that cannot hold as sufficient ground for seeking a winding up petition.

Govt receives Rs 28,837.28 cr as licence fee from telcos

The government has received Rs 28,837.28 crore as licence fee from telecom operators between 2009-10 and the first quarter of 2012-13, Telecom Minister Kapil Sibal said.

GSM subscriber base rises to 677.85m in May, lead by Airtel

Country's largest telecom operator Bharti Airtel further cemented its leadership position by adding maximum number of subscribers in May, according to data released by industry body COAI.

GSM operators add 6.50 mn users in April

GSM telecom operators added 6.50 million subscribers in April, taking the total user base to 670.57 million. The GSM subscriber base was 664.08 million in March.

Restore services or face penalties: TRAI to Etisalat, S-Tel

TRAI has directed S-Tel and Etisalat DB to restore their services within 3 days in order to ensure continuity of service to telecom subscribers, even as their telecom licenses are set to get quashed on June 2, reports CNBC-TV18's Malvika Jain.

RInfra can file rejoinder to Etisalat DB by Mar 14: TDSAT

The Telecom tribunal today gave Reliance Infratel (RInfra) time till March 14 to file a rejoinder to Etisalat DB's reply in the Rs 1200-crore dispute between the two firms.

TDSAT serves notice to Etisalat on RITL dues

Telecom tribunal TDSAT today issued a notice to Etisalat DB on Reliance Infratel's plea seeking to recover Rs 1,200 crore from the operator.

RITL moves TDSAT to recover Rs 1200cr from Etisalat DB

Anil Ambani group firm Reliance Infratel (RITL) today approached telecom tribunal TDSAT, seeking to recover Rs 1,200 crore from Etisalat DB which had taken its telecom infrastructure on lease.

2G spectrum verdict: Victim of policy paralysis

CARE Research has come out with its report on 'the 2G spectrum verdict- Victim of policy paralysis'. As per the research firm after cancellation of licenses, average number of operators will come down to around 9-10, though that some of the affected players would make a comeback in the next auction.

Don't see much impact on customer, auction preferred: Trai

Telecom regulator Trai today said there will not be much impact on customers due to cancellation of 122 2G licenses of eight companies, as around 95% of total subscribers belong to operators which got licences before January 2008.

Sibal meets PM after Supreme Court judgement

Telecom Minister Kapil Sibal today met Prime Minister Manmohan Singh shortly after the Supreme Court judgement that canncelled all 122 licences issued in January, 2008.

TDSAT sets aside penalities on new operators; DoT to refund

In a major development, the telecom tribunal TDSAT today set aside all penalties imposed by the government on new telecom operators for delay in meeting roll out obligations of services.

UAE's Etisalat Indian unit to fight charges

UAE telecoms operator Etisalat on Sunday said Indian affiliate Etisalat DB would contest charges filed by Indian authorities relating to the allocation of its 2G licence in January 2008.

Etisalat contests CBDT contention, claims no stake in Genex

Etisalat today contested Central Board of Direct Taxes' claim that the Dubai-based company invested in equity shares of Swan Telecom through Genex Exim Ventures saying it has 'no stake in Genex Exim whatsoever'.

Loss of Rs 1.76 lakh cr hypothetical, trial untenable: Swan

The affordable billing of one paise per second could not have become a reality had government auctioned 2G licenses as suggested by CAG, Swan Telecom today told a Delhi court and sought discharge saying the "hypothetical" loss of Rs 1.76 lakh crore cannot be a ground for its prosecution.

2G scam: Court allows IT dept to quiz Raja and five others

A Delhi court today allowed the Income Tax department to interrogate six accused, including former Telecom Minister A Raja, arrested for their alleged involvement in the 2G scam, in judicial custody itself.

Uninor subscriber base crosses 25 million

Subscriber base of new telecom company Uninor has crossed 25 million mark by end of May, 2011 and the company became the eighth largest telecom operator in the country on subcriber base in April.

CBI opposes Shahid Balwa's plea for attending EGM

CBI today argued against granting permission to Shahid Balwa to attend Etisalat DB's extraordinary general meeting, reports CNBC-TV18.

2G case: Balwa seeks permission to attend Etisalat DB's GBM

A Delhi court on Wednesday asked CBI to respond to a plea of Swan Telecom promoter Shahid Usman Balwa, an accused in the 2G spectrum scam, seeking permission to attend general body meeting of Etisalat DB, a joint venture firm between UAE-based Etisalat and his DB Realty group.

CBI not probing national security aspect in 2G case: Swamy

The CBI had said that Swamy's allegation regarding possession of disproportionate assets by Raja and issues relating to the national security aspect are not directly related to the 2G scam.

CBI opposes Swamy's appointment as prosecutor in 2G scam

The CBI, in its reply, said its investigation into the case is independent and not inspired by Swamy's complaint.

2G scam: More corporates on ED radar

The Enforcement Directorate (ED) has told the Supreme Court that it will charge more companies in the 2G case. Tata-Virgin Mobile JV, DB Realty, Milky Way, Unitech and Etisalat DB may be in the firing line, reports CNBC-TV18's Siddharth Zarabi.

Ready to surrender Etisalat DB equity: Balwa to CBI court

Lawyers of Sahid Balwa today told the special CBI court that he is willing to surrender his equity in Etisalat DB. Balwa's bail plea was heard by the CBI court and adjourned the matter till tomorrow.

Maharashtra govt gives clean chit to Shahid Balwa

While Etisalat DB otherwise seems to be in the line of fire, the Maharashtra Government has given a clean chit to Shahid Balwa. CNBC-TV18’s Siddharth Zarabi shares details of the move that has come as a relief to Etisalat DB.

DoT starts process of cancelling 2G licences: Sources

The Department of Telecommunications has begun the process of cancellation of telecom licences, reports CNBC-TV18's Siddharth Zarabi citing sources.