Govt to become biggest shareholder in Vodafone Idea; company approves conversion of spectrum interest, govt dues into equity
Following the conversion into equity, the Indian government is expected to hold about 35.8% of the total outstanding shares of Vodafone Idea. Promoter shareholders Vodafone Group would hold around 28.5% and Aditya Birla Group around 17.8%.
Jan 11, 2022, 10:23 AM ISTTrai seeks views on free spectrum allotment worth Rs 98,520 cr to Railways
The DoT in its comment to Trai mentioned that the spectrum in 700 MHz band is a valuable spectrum as the reserve price provided by the regulator Trai in its recommendations dated August 1, 2018 on pan-India basis comes out to be Rs 98,520 crore for 15 MHz (paired) spectrum.
Jun 25, 2019, 10:10 AM IST2G spectrum: Court reserves verdict in case involving A Raja, Kanimozhi for July 15
A Special court on Wednesday reserved verdict in 2G spectrum allocation case involving former Minister A Raja, DMK MP Kanimozhi and others, for July 15.
Apr 26, 2017, 16:14 PM ISTNo special treatment for Vodafone, Idea: Manoj Sinha
Government has said there will be no special treatment for Vodafone India and Idea Cellular which have decided to merge.
Mar 30, 2017, 12:56 PM IST'No plan yet to give telcos option to buy spectrum annually'
The government has no immediate plan to provide telecom companies with an option to buy spectrum annually, Telecom Minister Manoj Sinha said.
Mar 22, 2017, 16:02 PM ISTSpectrum auction flop not to impact fiscal math: Nomura
Japanese brokerage Nomura on Friday said there will be a Rs 32,000-crore shortfall in revenue accretion because of the disappointing spectrum auctions, but it woould not affect the overall fiscal math of the government.
Oct 07, 2016, 18:37 PM ISTIdea to shell out Rs 12,798 crore to buy spectrum
Telecom operator Idea Cellular will shell out Rs 12,798 crore for buying 349.20 MHz of spectrum in the just concluded auctions.
Oct 06, 2016, 23:22 PM ISTAirtel secures 173.8 Mhz spectrum for Rs 14,244 crore
In the spectrum auction that concluded on Thursday, Bharti Airtel secured secured 173.8 Mhz of airwaves for Rs 14,244 crore.
Oct 06, 2016, 22:59 PM ISTSpectrum auction ends with bids worth Rs 65,789 crore, 60% of airwaves unsold
There were no takers for the expensive 700Mhz and 900 Mhz bands during the course of the five days. The 700MHz band alone was expected to fetch Rs 4 lakh crore for the government.
Oct 06, 2016, 20:53 PM ISTDay 4: Spectrum auction gets bids worth Rs 63,500 crore
Spectrum auction on Day 4 ended with a meagre addition of Rs 2,531 crore, taking total bids to over Rs 63,500 crore as almost 60 percent of airwaves, including the premium 4G bands of 700 Mhz and 900 Mhz, remained unsold.
Oct 05, 2016, 22:59 PM ISTSpectrum auction: Day 2 closes with bids worth Rs 56,872 crore
Spectrum auction appeared to slow down on Day 2 with total bids advancing to Rs 56,872 crore mainly due to demand for widely-used 1800 Mhz band but premium 700 Mhz and 900 Mhz bands found no takers even on Monday.
Oct 03, 2016, 23:24 PM ISTSeven companies qualify to bid in upcoming telecom spectrum auction
Seven telecom service providers have qualified to bid for the upcoming biggest-ever airwaves auction starting from October 1, according to official data released here by the Department of Telecommunications.
Sep 24, 2016, 17:54 PM ISTSeven telcos submit Rs 15,000 crore earnest money for auction
In a seemingly tepid build-up to the upcoming spectrum sale, due on October 1, seven mobile operators are said to have deposited earnest money of about Rs 15,000 crore, lower than the previous year's Rs 20,435 crore.
Sep 16, 2016, 20:33 PM ISTDoT call for bidding in allocation of spectrum
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Aug 09, 2016, 10:21 AM ISTIndia's largest spectrum auction to start from September 29
In the latest, Telecom Department has announced that bidding rounds for the biggest-ever spectrum auction will begin from September 29. The sale will include mobile airwaves worth Rs 5.63 lakh crore at the base price value.
Aug 08, 2016, 18:40 PM ISTTRAI sees flaw in DoT spectrum charge code; bats for flat rate
Telecom regulator TRAI Tuesday reiterated its suggestion of charging mobile operators a flat spectrum charge as it found loopholes in existing method used by government to collect levy for use of airwaves.
Jul 12, 2016, 23:37 PM ISTGovernment weaves new textiles package, dials for next spectrum auction
Keeping up the momentum in key economic decisions, India's federal cabinet on Wednesday approved the norms for the next telecom spectrum auction that can fetch over $83 billion to the exchequer and a textiles package to push 10 million new jobs and $30 billion more in exports.
Jun 22, 2016, 23:43 PM ISTCabinet approves Rs 5.66 lakh crore mega spectrum auction plan
Gearing up for the biggest auction of mobile phone radiowaves in the country, government Wednesday cleared sale of spectrum in seven frequencies estimated to be worth about Rs 5.6 lakh crore.
Jun 22, 2016, 19:39 PM ISTCabinet approves mega spectrum auction plan
The Union Cabinet on Wednesday approved the mega-spectrum auction plan in which airwaves worth Rs 5.66 lakh crore will be put for sale.
Jun 22, 2016, 13:57 PM ISTTRAI stands by proposal to auction all spectrum in 700MHz band
The regulator had earlier recommended a record high base price of Rs 11,485 crore per megahertz for the 700 Mhz band, which would be auctioned for the first time.
Apr 18, 2016, 19:49 PM IST