Unitech, India's second-biggest real estate developer, has informed that the Department of Telecommunications (DoT) has issued the letters to its telecom subsidiaries for the allotment of 4.4 MHz of spectrum in the 1800 MHz GSM band in Gujarat and Uttar Pradesh (West) Service Areas.

With this allotment, Unitech has been allotted intial spectrum in 12 service areas out of the 22 circles.

Earlier this month, the company received spectrum in Maharashtra, Mumbai, Punjab and Uttar Pradesh (East) service areas.

The Department of Telecommunications (DoT) has decided to permit the resale of the International Private Leased Circuits (IPLC). The move of the telecom department would help the fast-growing small and medium enterprises (SME).

The telecom ministry has created a new category of license called “Resale of IPLC Service”. Business process outsourcing units, software exporters, call centers and banks can get maximum benefit from the resale of International Private Leased Circuits as such industries depend on leased line services to serve the customers.

UAE based Emirates Telecommunications Corp (Etisalat), acquired a 45% stake in Swan Telecom, the Mumbai-based Dynamix Balwas Group company for $900 million. It would ease the entry of the foreign telecom firm in the Indian telecom sector. Etisalat had already paid the required telecom license fee. Swan had also paid fees to operate in 13 telecom circles of India. However, total amount of $400 million as license fee, is required to cover total 22 telecom sectors of India.

Stock market analysts have suggested short-selling in Reliance Communications Ltd (RCom) stock. 

Shares of the company, on Wednesday (Sep 24), closed at Rs 370.35 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 2183918. Current EPS & P/E ratio stood at 10.16 and 35.86 respectively. The share price has seen a 52-week high of Rs 844 and a low of Rs 325 on BSE. 

Due to the recent stock market position, interested traders are recommended to sell the stock around Rs 372. After selling the stock at the said price, traders can buy it around Rs 365 to make intraday gain.

With Indian Postal Service enjoying the status of the most widely distributing postal systems in the world and in order to give it more competitive edge from its private counterparts, a new brand image was unveiled on Tuesday when ‘India Post’ endorsed its new identity.

Washington, Sep 24 : Americans send more text messages from their cell phones than they make calls, according to Nielsen Mobile survey.

The survey revealed that for the second quarter of 2008, U. S. mobile subscribers sent and received on average 357 text messages per month, compared with making and receiving 204 phone calls a month.

In the first quarter of 2006, Americans had sent and received 65 text messages per month.

The number of messages sent and received today has increased 450 percent. But even though people are texting more, it doesn''t mean that they''ve stopped talking on the phone, reports CBS News.