Seven telecom operators have deposited Rs 14,653 crore as earnest money for the largest spectrum auction from October 1. The Department of Telecommunications (DoT) has said that Reliance Jio, Bharti Airtel, Idea Cellular and Vodafone can bid in any spectrum band in any of the telecom circles in the country.

SREI Infrastructure Finance Vice-Chairman Sunil Kanoria assumed charge as the president of industry body Associated Chambers of Commerce and Industry of India (Assocham). Vice-Chairman Sunil Kanoria assumed charge as the president of industry body Associated Chambers of Commerce and Industry of India (Assocham).

Telecom operator Reliance Communications is planning to roll out a third generation (3G) intra-circle roaming (ICR)-like agreement to continue 2G service in Bihar, West Bengal and Assam after its right to use 2G spectrum expires in December.

The telecom operators that have won spectrum in March auction paid a sum of their dues to the government. Till now, the Government had received a total of around Rs 10,000 crore. However, it was not immediately clear, which telecom firms had paid the full amount or made partial payments.

India´s telecommunication network is the third largest in the world and the second largest among the emerging economies of Asia. It has witnessed phenomenal growth over the last decade as substantiated by the following facts and figures

GSM mobile operators added 82.1 lakh users in November taking their overall subscriber base to 67.02 crore at the month-end.

Tata Group and Srei Infrastructure are exploring options to sell their majority stake in the joint venture, reports indicate.

Anil Sardana is the Managing Director of Tata Power since February 2011. Beginning August 2007 till January 31, 2011, he was the Managing Director of Tata Teleservices (TTSL) and Tata Teleservices (Maharashtra). Prior to August 2007, he worked in Tata Power for more than five years.

Consequent to the forthcoming retirement of Prasad Menon on 31 January, Tata Power appointed Anil Sardana as the Managing Director with effect from February.