Telecom Roundup: Bharti might lose DTH License, BSNL to invest more in Rural Infra…and More

Govt. may suspend Bharati Telemedia’s DTH license owing to FDI norm violation. the letter of suspension of Bharti’s DTH licence has been moved within the I&B ministry and Bharti Telemedia has to go to the Foreign Investment Promotion Board (FIPB) as it has a significant percentage of foreign investments in the company through one of the promoting companies

Bharti Telemedia has two investing companies — Bharti Airtel (40% stake) and Bharti Enterprises (60%). Bharti Airtel, in turn has a foreign holding of 21.64 % (BS) – the allowed FDI in DTH is <20%.

Etisalat pulls out of Tata Teleservices stake talks

Etisalat, Emirates based Telecom service provider has pulled out of talks to acquire 9.7% stake in Tata Teleservices (C Sivasankaran’s stakes). – source

BSNL to invest Rs. 530 crore in rural infrastructure

BSNL is planning to invest Rs. 530 crore in the next 1 year to strengthen its rural telecom infrastructure in West Bengal. BSNL is also planning wimax and local language SMS.[source]

RCom-MTN Deal

Much talked RCom-MTN deal is off (Mukesh Ambani iinitiated arbitration proceedings against RCom), chances are that Bharati Airtel might restart the merger dialog. Lets wait for the dance show to begin.

» Complete coverage of Indian Telecom Industry

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