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Updated: 04/02/10 | 10:07 PM IST
Telecom
Telecom tower companies are quite the flavour of the season. Quippo-Tata Tele has its sight set high and may actually consider an Initial Public Offering (IPO) to get there.
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The telcom sector is losing shine. Bharti, India’s largest private telecom player, saw only a small increase in profit, as lower tariffs and high competition squeezes margins.
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The Registrar of Companies (RoC) has finally submitted its report on the investigation of Anil Ambani-owned Reliance Communications (RCom) to the ministry of corporate affairs.
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The government has postponed the 3G auctions by about 10 days. The auctions are likely to be held around February 20-22.
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The per second billing introduced by telecom companies has come as a boon to millions of mobile users in the country but it is proving to be a bane for cellular service providers as it is affecting their revenues, feel industry experts.
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Reliance Communications is learnt to have begun talks with strategic and financial investors for selling five per cent stake in its tower unit prior to the planned initial public offering.
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Diversified Group GTL on Thursday said it will acquire 17,500 telecom towers of mobile service provider Aircel Ltd for a total consideration of Rs 8,400 crore.
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GTL Infrastructure, which on Thursday agreed to buy the tower business of Aircel, plans to have a footprint of 50,000 towers over the next three years, chairman Manoj Tirodkar said here on Thursday.
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Sunil Mittal-owned Bharti Airtel on Tuesday said it will acquire 70 per cent stake in Warid Telecom of Bangladesh for $300 mn (about Rs 1,363 crore).
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The government today said it will introduce mobile number portability across the country by March 31, 2010, a three-month delay from the scheduled date of launch.
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Special
GST rollout may be hit by more delays
India's ambitious target for rolling out a uniform goods and services tax in India is already behind schedule and now it looks like the rollout may not happen for another year or so, a move that will upset the government’s tax planning.

 
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