The Idea-Voda combine will benefit the most among established players from govt's decision to allow a longer tenure to pay for spectrum bought in auction, a report said.
The S&P BSE Telecom index went up by 2.04 per cent to a high of 1,378.50 in morning trade.
The Department of Telecom has started harmonising spectrum in 3,500 megahertz band and 26 Gigahertz band along with E and V band, she said.
Telecom regulator Trai said anybody is free to move court against its tariff order after operators threatened to challenge the new rules while terming them "not fair".
Uganda Internet service provider that uses Vodafone’s brand under license has obtained court protection against creditors.
Vodafone, Idea's mobile tower sale deal, and raising FDI limit in the Aditya Birla group firm are holding the govt's approval to the merger of two operators.
Reliance Jio has sent a letter to the telecom body to publicly apologise within 48 hours for its "defamatory statements".
Trai termed as "baseless" the COAI's allegations that its orders appeared to be favouring 1 operator, and cautioned industry body against making unsubstantiated charges.
Telecom subscriber base in India reached 1.19 bn at the end of Dec 2017 with Jio adding over 8 mn new customers alone during the month, Trai data showed.
Trai said it will impose financial disincentive of up to Rs 50 lakh per circle on operators if their service rates are found to be predatory in nature.
Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric
Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years
Group is entering into a management contract with The Park Hotels
Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh
Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr
Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders
Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils
The govt announced in the budget a hike in import duty to 30-35%
TPG Cap and Manipal Health are eyeing controlling stake in the co
Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors
Will have to buy at least 26% stake through Voluntary open offer as part of takeover code
A 26% shareholding will automatically trigger the mandatory open offer for additional 20%
Business Standard Reports
TRAI issues show-cause notice to co
Seeks details of non-transparent, discriminatory tariffs to consumers
Have to respond till Mar 25
Action to depend on if tariff reported to regulator or not
Notice first one after TRAI issued tariff order on predatory pricing
Economic Times Reports