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There’s good news for new telecom entrants such as Swan, Unitech, Datacom and Shyam, among others, on the rollout obligation front. The department of telecommunications (DoT) is likely to link the time frame by which these telcos have to launch services in pre-determined geographical areas to the “date of allocation of spectrum’ and not the [...]

Norway’s leading telecoms operator, is considering abandoning a $1.8bn rights issue that is supposed to fund much of its expansion into India because of investor opposition. Jon Fredrik Baksaas, Telenor’s chief executive, told the Financial Times the company was looking at alternatives to a rights issue that some shareholders had put forward.

Norwegian telecoms group Telenor announced a bold move to enter the Indian mobile market through a $1.1 billion deal financed by a rights issue, sending its shares down sharply on Wednesday. Telenor, already the second-largest foreign operator in Asia after Vodafone, also reported third-quarter core profit slightly below forecast and affirmed its 2008 financial targets.

Already crowded telecom space is becoming over crowded - 6 more operators will join the scene. Though Bharti in GSM and Reliance in CDMA dominate the space, the new operators will add to the competition. Indian telecom industry is seeing an explosive growth with 9.22 million new mobile subscriptions in July. This would take the [...]

Telecom Italia has piped Norway’s Telenor to acquire 49% stake in Unitech’s telecom arm. A top Unitech executive confirmed that the two firms are close to reaching an agreement whereby Unitech’s telecom business will be transferred to a new company in which Telecom Italia will invest $2 billion for 49% stake. The majority 51% in [...]

Unitech has raised Rs 1,200 crore for its telecom venture from a syndicate of public sector banks led by Punjab National Bank and Canara Bank. Meanwhile, Norway’s telecom firm Telenor is learnt to have emerged the frontrunner in the race to acquire stake in Unitech Wireless, group’s telecom arm. Unitech is likely to finalise a [...]

Mobile operator Shyam Telecom, in which Russian communications major Sistema holds a majority stake, has become the first of the new telecom players to get pan-India spectrum for launching mobile services. The company has been allotted radio frequencies on the CDMA technology platform. New GSM licensees such as Datacom, Unitech, Loop Telecom and Swan have [...]