Mobile companies see 7-8 per cent revenue loss due to bulk SMS ban

Restriction on SMS to five per day is not only causing problems for millions of mobile phone users but may also lead to loss of 7-8 per cent revenue of telecom operators for the month, operators’ association COAI has said. [source]

Global pressure forces government to drop 50% local tools clause

India plans to drop a controversial clause from its proposed telecom security policy that mandates that at least 50% of all ‘core telecom network equipment’ be indigenously developed or manufactured. However, the department has made a small concession and said that it would accept global certification of network equipment. The earlier version had said that all core hardware required for the telecom network could only be installed only after certification in India. – source

Telenor settles Uninor’s loans worth Rs.9,809 cr

Telecom operator Uninor has shared that its majority shareholder Telenor had settled all of the company’s loans amounting to Rs.9,809 crore after lenders turned down its request for extension of loans. Norwegian firm Telenor holds 67.25 per cent stake, and the balance is held by Indian realty company Unitech and its subsidiaries. [source]

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