Reliance Industries Limited (RIL) today announced that it has entered into an agreement to acquire a substantial stake in Infotel Broadband Services (P) Ltd, which has emerged as a successful bidder in all the 22 circles (Pan India) of the auction for Broadband Wireless Access (BWA) Spectrum conducted by the DoT. RIL said that it will invest about Rs 4,800 crore by way of subscription to fresh equity capital at... Read More
India's auction for Auction for Broadband Wireless Access (BWA) licence ended today with bids for pan-India licence touching Rs 12,850 crore with the government clocking a total revenue of Rs.38,543.31 crore. According to the provisional results announced by Department of Telecommunications (DoT) telecom biggies Vodafone Essar, Idea Cellular Tata Communication and Reliance Wimax Ltd have opted out of the race. The Infotel Broadband Services has won bid for all the... Read More
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