News Roundup:DoT, Defence Ministry Bury the Hatchet, Software Exports Decline 96%..and more

DoT, Defence Ministry bury the hatchet on spectrum vacation

The Department of Telecom and the Ministry of Defence have finally signed the memorandum of understanding for vacating spectrum after both sides softened their stance on the various demands put up by the armed forces.

Delhi HC dismisses Nokia Siemens’ appeal

The Delhi High Court today dismissed a petition filed by Nokia Siemens Networks (NSN) seeking a stay in the tendering process of state-run telecom firm BSNL.

Software exports declines 96 per cent

India’s software exports suffered a severe setback in March declining by 96.6 per cent to one million dollar from the year-ago period due to recession in world’s major economies

Russia earmarks over $670 m for 20% stake in Sistema Shyam

The Russian Federation has allocated over $670 million in this year’s budget to pick up around 20 per cent stake in Sistema Shyam Teleservices Ltd,

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