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BSNL, MTNL shortlisted for Zamtel buyout

23.10.2009
Finance Minister to resolve DoT-Defence spat over 3G (HBL)
In the face of allegations by the Telecom Minister, Mr A. Raja, that the Defence Ministry was delaying the auction for 3G spectrum, the Finance Minister, Mr Pranab Mukherjee, on Thursday exuded confidence of resolving the issue to start the pr ocess in 2009.


BSNL, MTNL shortlisted for Zamtel buyout (BS)
India’s telecom PSUs, Bharat Sanchar Nagam Ltd (BSNL) and Mahanagar Telephone Nagam Ltd (MTNL), have been shortlisted to participate in buying out the majority stake in Zambia’s leading telecom company, Zambia Telecommunications Ltd (Zamtel).

Three GSM service providers seek additional spectrum (BS)
Three major GSM telecom - Tata DoCoMo, Reliance Communications and Idea Cellular have sought additional wireless spectrum to support their increasing subscriber base.The companies have moved the DoT, seeking an additional total of 1.8 MHz spectrum.

Sistema to finalise stake sale to Russian govt by year-end (DNA)
Sistema Shyam Teleservices Ltd (SSTL), a joint venture between Russia's Sistema and Shyam Group of India, has initiated the process to offload around 20% stake to the Russian government through a fresh issue of equity.

Essar Group firm raises Rs 4,280 cr (BS)
ETHL Communications Holdings Ltd (ECHL), Essar Group’s holding company for telecom services, has raised Rs 4,280 crore through private placement of its zero-coupon bonds. The company intends to use the proceeds for its expansion plans.

Weather inputs for farmers on mobile phones (HBL)
handygo Ltd, a leading wireless solution provider in mobile and value-added services, has tied up with India Meteorological Department (IMD) to provide farmers with meteorological inputs through Interactive Voice Response (IVR) and General Packet Radio Service (GPRS).

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