Etisalat DB Telecom India PVT LTD

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Type: Company
Name: Etisalat DB Telecom India PVT LTD
First reported May 03 2013 - Updated May 03 2013 - 1 reports

Govt expects to mop up Rs 31,589 cr as one-time spectrum fee

However, so far only Tata Teleservices (TTSL) has paid a part of the one-time spectrum charge, that too under protest, Minister of State for Communications and IT Milind Deora said in a written reply to the Rajya Sabha.Apart from one-time spectrum charge, ... [Published Firstpost.com - May 03 2013]

Quotes

...It also imposed a fine on three telecom companies that offloaded their shares after getting the licenses. "In our view, it will be just and proper to partially accept the averments made in the application (by the Centre). Accordingly, the time specified for conducting the auction and grant of licences is extended up to August 31, 2012" said a bench of justices comprising G S Singhvi and K S Radhakrishnan
The court said in a ruling that, "We have carefully perused the contents of the review petitions and the record of the case and are satisfied that the judgment of which review has been sought does not suffer from any error apparent warranting reconsideration of the issues decided therein.” The union government had filed a 23-page review petition on 3 March claiming that the judgement was in direct conflict with mining laws under the Mines and Minerals (Development and Regulation) Act, 1957. The mining law says that the natural resources can be distributed on the basis of a first-come-first-served (FCFS) policy. The Supreme Court had said that FCFS policy followed by Raja in allocating the licenses was arbitrary and illegal. Ali Zafar and Ali Zafar and Ali Zafar and Ali Zafar and Ali Zafar and"
...Etisalat has announced its decision to shut down Etisalat DB Telecom, affecting thousands of subscribers in the country. "Recent events have led to a complete breakdown in the relationship between Etisalat and its Indian partners, Shahid Balwa and Vinod Goenka, who face various criminal charges of corruption associated with Swan's acquisition of its UAS licences" Etisalat said in a statement
...2 billion as well as net assets including its licenses for the Indian operations. "The net impact of this charge on our consolidated net profit after Federal Royalty amounts to AED1.02 billion" the company said in a statement

More Content

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sort by: Date | Relevance
April 2013: India Added Over 3.50 Million GSM C... [Published Media Nama - May 17 2013]
Govt expects to mop up Rs 31,589 cr as one-time... [Published Firstpost.com - May 03 2013]
March 2013: India Added Over 5.35 Million GSM C... [Published Media Nama - Apr 18 2013]
Surprise absentees in spectrum auction [Published Calcutta Telegraph - Oct 19 2012]
Supreme Court extends validity of 122 2G licens... [Published Topnews.in - Apr 25 2012]
Loop Telecom to stop services outside Mumbai [Published Topnews.in - Apr 10 2012]
Supreme Court rules against review petitions on... [Published Topnews.in - Apr 07 2012]
Supreme Court accepts review petition on 2G spe... [Published Topnews.in - Apr 05 2012]
Etisalat prepares for its telecom business’ Ind... [Published Topnews.in - Mar 13 2012]
Etisalat files suit against promoters of Swan f... [Published Topnews.in - Feb 24 2012]
TRAI to release new guidelines for telecom firms [Published Topnews.in - Feb 14 2012]
Etisalat profits fall 65 per cent [Published Topnews.in - Feb 10 2012]
Outsourcing contracts in danger after cancellat... [Published Topnews.in - Feb 04 2012]
Etisalat to challenge 2G spectrum related chall... [Published Topnews.in - Oct 25 2011]
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