Asim Ghosh, Vodafone Essar chief executive would leave his post on March 31 after serving the company for over 10 years. However, he would serve in the Vodafone Essar's board as a non-executive member.
Marten Pieters, director on the board of Luxembourg-based Millicom International Cellular, will be appointed as new CEO of Vodafone Essar. He served as CEO of Celtel International BV, the second largest telecom operator of Africa, from August 2003 to January 2007.
The promoters of leading telecom product manufacturer, Kavveri Telecom Products Ltd have pledged 5% stake of the company, as collateral security for credit limits sanctioned to the firm, with the State Bank of India.
The company, in a filing before Bombay Stock Exchange, said, "Promoter has pledged shares with State Bank of India, Bangalore as a collateral security for the credit limits sanctioned to the company by the bank."
Government may take final decision today to allow unrestricted Internet telephony in the country amid stiff oppositions from various telecom services providers. Telecom Commission, the decision-making body for telecommunications, is meeting on Monday to discuss the matter.
Internet telephony would allow customers to make cheap STD and local calls from computers to mobile phones, eroding dominance of telecom companies in the domestic market.
Reliance-Anil Dhirubhai Ambani Group (R-ADAG) owned Reliance Communications (R-Com) has launched Global System for Mobile (GSM) in New Delhi on Sunday, after starting services in several parts of the country.
R-Com regional head - Delhi, Haryana and Rajasthan circles, C. S. Rana said, "We got the licence for GSM services last year and within 11 months the company has launched the services in almost the entire country." He said that its low-tariff and affordable services besides good coverage, that are attracting people toward Reliance.
On Thursday, a plan to auction third-generation radio frequencies for wireless service providers was referred to Group of Ministers (GoM) by the Union Cabinet. In order to drive next-generation mobile offerings, 3G services are quite vital. The offerings include high-speed internet and video conferencing.
Asim Ghosh, Vodafone Essar chief executive would leave his post on March 31 after serving the company for over 10 years. However, he would serve in the Vodafone Essar's board as a non-executive member.
Vodafone Essa
The promoters of leading telecom product manufacturer, Kavveri Telecom Products Ltd have pledged 5% stake of the company, as collateral security for credit limits sanctioned to the firm, with the State Bank of India.
Government may take final decision today to allow unrestricted Internet telephony in the country amid stiff oppositions from various telecom services providers. Telecom Commission, the decision-making body for telecommunications, is meeting on Monday to discuss the matter.
Reliance-Anil Dhirubhai Ambani Group (R-ADAG) owned Reliance Communications (R-Com) has launched Global System for Mobile (GSM) in New Delhi on Sunday, after starting services in several parts of the country.
On Thursday, a plan to auction third-generation radio frequencies for wireless service providers was referred to Group of Ministers (GoM) by the Union Cabinet. In order to drive next-generation mobile offerings, 3G services are quite vital. The offerings include high-speed internet and video conferencing.
