Telecom Sector

RCom to cut expenditures to maintain high growth

RCom to cut expenditures to maintain high growth  India's largest CDMA operator, Reliance Communications (RCOM) announced financial results for the third quarter ended December 31, 2008. The company reported marginal increase of 2.7 per cent in net profit during the period.

The Anil Ambani-promoted company reported significant decline in revenue from the wireless and broadband business segments.

SC rejects Vodafone plea on show cause notice by IT department

SC rejects Vodafone plea on show cause notice by IT department Leading telecom giant, Vodafone got no respite from the Supreme Court for the petition, it filed in SC, challenging show-cause notice issued by the income-tax department. The Supreme Court dismissed the special leave petition and directed it to reply show cause notice given by income tax department.

Country adds 10.66 million telephone subscribers in December

Country adds 10.66 million telephone subscribers in DecemberIndian telecom sector continued to register growth in third quarter as well despite unfavorable conditions of financial market following global slowdown. It emerged as one of the fastest growing field of Indian economy by posting growth rate of 2.84 per cent last month. Telecom industry added 10.66 million new subscribers in December according to an official statement by the Telecom Regulatory Authority of India (TRAI).

Campaign in virtual world launched by Tata Teleservices

Campaign in virtual world launched by Tata Teleservices An announcement was today made by Tata Indicom that they have entered in a partnership with Indusgeeks Solutions Private Ltd, according to which it will extend its ongoing "Suno Dil Ki Awaaz" campaign into the virtual world.

An interactive 'virtual competition' involving Virtual World and Talent Hunt would be launched by Tata Indicom with the aim to compliment the initiative.

Indian operator bought by Gulf telecom company

Indian operator bought by Gulf telecom company With the aim to buy a $225m stake in an Indian mobile phone company, Bahrain's national telecommunications operator has joined hands with a Dubai-based private equity business.

It was informed by Batelco (Bahrain Telecommunications Co) that it would take a 49 per cent stake together with Dubai's Millennium Private Equity in S Tel, an Indian mobile operator licensed to operate in six Indian states with a total population of about 230m people.

Airtel launches IPTV facility in the country

Airtel launches IPTV facility in the country By launching Internet Protocol Television (IPTV), Bharti Airtel has become the first private player to offer the service in the country.

The company will now offer triple play service - telephony, broadband and television over a single line to customers in the NCR and will be followed by eight leading metros. The service will also offer features such as real-time interactivity, where customers can order pizzas and book movie tickets on their TV, record programmes for seven days, rewind, forward, and Movie on Demand (MOD).

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