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DoT asks Sistema to get FIPB nod for arm

3.09.2009
DoT asks Sistema to get FIPB nod for arm (ET)
The Department of Telecom (DoT) has asked Sistema Shyam Teleservices to seek fresh approval for its wholly-owned subsidiary Shyam Internet Services, an internet service provider, as the latter has allegedly violated the country’s foreign investment norms.


MTS India Joins CDMA Development Group (TID)
MTS, the mobile telephony services brand of Sistema Shyam TeleServices Ltd (SSTL), today announced that it has joined the CDMA Development Group (CDG), an international consortium of CDMA service providers and manufacturers, application developers and content providers.


Loop Mobile to invest $75 mn in its Mumbai ops (ET)
Loop Mobile on Wednesday said it plans to invest around $75-million in its Mumbai operations and also to double its subscriber base by end-this fiscal.We have an aggressive plan to invest around USD 50-75-million in Mumbai this fiscal.

 
After 'Postpaid', 'Prepaid' its now 'epaid'! (TID)
Marking the entry of a new segment of mobile-phone service in India, Loop Mobile, Mumbai̢۪s leading mobile service provider today launched 'epaid'. This is India̢۪s first-ever premium Mobile service on a prepaid platform.


American Tower Corp eyeing more acquisitions in India (HBL)
In a move that would expand its footprint in the country, ATC is in advanced talks for acquiring a couple of Indian tower companies. The Boston-based tower company is prepared to make significant investments in India but wants to buy at the right price
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