Mukesh Ambani's Rel Jio signs Rs. 12bn agreement with Anil's RCom
Under the terms of the agreement, Reliance Jio Infocomm will utilize multiple fiber pairs across RCOM's 1,20,000 kilometers inter-city fiber optic network to provide a robust and future-proof backbone for roiling out its state-of-the-art 4G services.
Mukesh Ambani-led Reliance Jio Infocomm and younger brother Anil’s Reliance Communications have signed an Rs 12 billion agreement. The deal -- a first between the two siblings since they parted ways in 2005 – will enable Mukesh’s firm to use R-Comm's fiber optic network to facilitate the rollout of 4G services.
There was huge speculation on whether Mukesh’s company would set up their own network. Market rumors of him likely to bailout the debt-ridden brother’s company led to a rally in R-Comm.
The deal gives Reliance Jio Infocomm access to R-Comm’s 1.2 lakh km inter-city fiber optic network for rolling out its state-of-the-art 4G services. R- Comm in turn gets reciprocal access to any future optic fiber infrastructure built by Reliance Jio Infocomm. Read more…
Judiciary and Federalism pose challenges to governance: Kapil Sibal
Telecom which was the golden goose that was having lakhs of crores in its kitty, today has only Rs 1,000 crore and is in debt of Rs 2.50 lakh crore” said Kapil Sibal, Minister of Communications and Information Technology, who was speaking at a session on “The Governance Conundrum: Is it Law or Enforcement?” at the Annual General Meeting and National Conference of the Confederation of Indian Industry (CII) here on Wednesday.
Sibal said everybody underwent a process of learning and evolution when the IT and Telecom sector was opened up in the early 90s. This, he said, was inevitable in any sector which was virgin and where the size of industry, both public and private, was small. Decisions were bound to be taken in an ad hoc manner since there were no precedents to follow. Similar, he said, was going to be the case with power and coal.
Answering a question on whether the recent audit reports of the Comptroller and Auditor General (CAG) had resulted in bureaucrats delaying taking decisions, Sibal said it was true that this had led to the entire system virtually coming to a halt. Not just bureaucrats, he said, he himself was “afraid of taking decisions”, as he was not sure if 10 years down the line there was going to be a court case questioning his motives.
CAG blasts Modi's government
Comptroller and Auditor General of India has criticised Gujarat chief minister Narendra Modi's government for raising excess market borrowings for financing its deficit, according to reports.
Reports said that CAG revealed that the state government had in its budget allocations, earmarked more funds for various departments and projects.
The report also points out that government's expenditure for 2011-12 stood at Rs 802.22bn against the approval of Rs 857.43bn.
"As a result, the cash balance of the state as on March 31, 2012 stood at Rs 186.32bn which was 24 per cent higher than that of previous year, " it said in the report.
Hello! 40 years of mobile phones!
As we celebrate 40 years of mobile phones, the potential for the future still looks spectacular, says telecoms expert Dr Mike Short.
It was back in April 1973 that Motorola employee Martin Cooper made a call in New York on a Motorola DynaTAC - widely regarded globally as the first public cellphone call. The device was nine inches tall, comprised 30 circuit boards, had a talk-time of 35 minutes, and took 10 hours to recharge.
Four decades on, a worldwide telecoms industry with annual revenues of £800 billion has grown rapidly based on wide choice, falling prices and an array of technologies, resulting in the average mobile being used to take photos, play music and games, send emails, download maps, watch video clips, all as well as talking and texting.
Dr Mike Short past President of the Institution of Engineering and Technology (IET), and mobile industry veteran, says the coming years will see mobile innovation continue to change our lives.
The increasing demand to connect people has led to a growth in devices for both work and leisure. Connected machines are also now becoming much more prevalent.
“With close to 7 billion customers today, we already expect this year globally more mobile devices (or subscriptions) than people” said Dr Mike Short.
“Since its first use 40 years ago, the mobile phone has completely changed our lives. The first decade was a research or a ‘demonstrator’ phase, rapidly followed by Analogue networks deployed over 10 years from the early 1980's largely based on car phones and used in business in the developed world.
"This soon led to the digital decade, mainly between 1993 and 2003, when consumerisation and globalisation of mobile really took off. This led to a further data adoption phase with the arrival of 3G and during 2003 - 2013 access to the internet and the wider use of smartphones became a reality.
“I predict that the next decade will see much further use of data and next generation (4G) services, as well as enhanced capacity / coverage. This will be followed by more spectrum releases, and many more services, particularly video related.
"Based on current research, new services and innovation will surely follow. 5G is being researched right now for the early part of the next decade.
Delhi HC directs Airtel to stop 3G services outside licensed zones
Delhi High Court scrapped an earlier court order that directed the government not to stop Bharti Airtel to continue 3G services in regions where it doesn’t have the permit for same.
Bharti Airtel is likely to stop 3G services in 7 regions as roaming pacts are against the terms and conditions stipulated in the contract, said the reports.
Reliance Communications filed a plea against Bharti Airtel who they alleged was impacting RComm’s business. Acting on the plea Delhi HC gave the decision.
I-T Dept slaps notices on A V Birla Group Cos: reports
Income tax department has slapped Rs39bn tax order on AV Birla Group companies, Idea Cellular and Aditya Birla Telecom Limited (ABTL), according to reports.
Idea Cellular has been issued a tax demand order of Rs 15bn on business income, while ABTL has been issued a tax demand of Rs 24bn.
MF Farooqui takes over as Secretary, Department of Telecom
MF Farooqui, of the 1978 batch of the Indian Administrative Service from the Tamil Nadu Cadre, took charge as Secretary, Department of Telecom. Prior to this assignment, he was serving as Secretary, Department of Heavy Industry, before which he was special Secretary in the Ministry of Environment and Forests. He is a post-graduate in Physics as well as a post-graduate in Business Administration.
During his career, his postings include that as Principal Secretary, Government of Tamil Nadu in the Industries Department. He has worked as Joint Secretary in the Department of Economic Affairs, Union Ministry of Finance. In the mid-nineties he worked as Consul General of India in Jeddah, Saudi Arabia. He has also worked as Chief Executive and Member Secretary of Chennai Metropolitan Development Authority.
Tata Communications completes sale transaction at Chennai
Tata Communications Ltd has completed a sale transaction of the land parcel and building situated at Nungambakkam, Chennai, for a transaction value of Rs. 1.92bn.
This land parcel and building was earlier being used as a staff housing colony.
The Company has received the payment of entire amount of Rs 1.92bn.
Vodafone writes to DoT on permit extension
Vodafone India has written to Department of Telecom (DoT) expressing its concern about its rejection letter dated 21st March discarding Vodafone’s application for extension of license .
The letter says DoT’s rejection suffers from several fundamental flaws, contradictions, jurisdictional error, and completely misrepresents Vodafone India’s position, and renders the said rejection legally unsustainable.
Vodafone India, in its letter has questioned DoT’s version stating that the company had never asked extension for free and instead repeatedly requested DoT to propose new terms and condition for extension. However no such terms were provided to Vodafone despite several requests, demonstrating that DoT has not even considered Vodafone’s application as contemplated in Clause 4.1 of the license. Read More…
Reliance Globalcom integrates Hawk cable system with Reliance Global Network
Reliance Globalcom, the leading global provider of international wholesale telecom services with a presence in high growth emerging and developed markets covering US, Europe, Middle East and Asia, announced the activation of its Hawk submarine cable system in Egypt and it’s seamless integration with the Reliance Globalcom Network.
The integration of the Hawk submarine cable system with the Reliance Global Network will enable additional capacity of 20 terabits in the Mediterranean region and will enable Falcon to carry the same capacity between Europe and India as well as between Europe and Middle East.
The integration of Hawk will enhance the capability of carrying 5 Mn HD quality interactive video channels simultaneously, immensely benefiting the broadband users in India and Middle East as it will serve 2.4 billion people in the region connected on the Reliance network.
Vodafone offers Vodafone SuperFan contest at IPL 2013
All your life you’ve dreamed, lived, walked and talked cricket, but the closest you got to your cricket idol, was his poster on your bedroom wall! It doesn’t have to stay like that anymore. Vodafone brings an unique and delightful experience for its customers with Vodafone SuperFan contest at IPL 2013. As part of the contest, during each of the 76 matches of the tournament, 76 lucky Vodafone customers will get a money can’t buy experience where they get picked up at home in a luxury car, be flown to the match in style, get to sit in the hospitality box, get goodies and of course a match ball autographed by the winning captain on Live TV.
Vodafone is the only brand to be associated with IPL since its inception in 2008 and continuing its long term association has partnered again with IPL for next 5 years as ‘Official partner’ of IPL and ‘on air co-presenting sponsor’. A creative blitzkrieg with a high decibel 360 campaign across all forms of communication is being planned on the Vodafone Super Fan contest. Read More…
ASUS unveils powerful touch VivoBook S550CM an Ultrabook
ASUS India has recently launched its incredible metal-styled powerful touch VivoBook S550CM, an Ultrabook that comes with an Optical Drive. It packs touch, discrete performance, SSD speed, and hard drive storage capacity in a sleek design. Its Brushed-hairline aluminum textures offer high durability and an elegant look.
The ASUS VivoBook S550CM gives the user a completely new touch experiences with its All-glass panel which means a Smooth and Responsive touchscreen. With its Ultrabook™ form factor, the notebook packs exciting features in a slender build, matching the dynamic nature of the new, high-portable and intuitive computing.
India Infoline News Service / 08:51, Feb 27, 2015
The outlook is a positive start .The unwinding of positions and rollover in the F&O expiry brought in the usual volatility on Thursday.