May 29th, 2010 6:10 PM 29 COMMENTS

3G Auction Some After Talks

Long waited India’s 1st 3G spectrum auction is over! Starting on 9 April it took 34 days. Govt-owned BSNL and MTNL are already offering 3G services over country. Now private operators also get licenses to offer high speed 3G services. Indian Government earned Rs 67,700 crore, double than they expected to get by selling 3G airwaves.Most important thing not a single operator did win pan-India 3G license, which may lead... Read More

May 26th, 2010 3:59 PM 18 COMMENTS

S Tel Set to Invest Rs. 700 Cr In 3G Mobile Services

STel, the youngest telecom operator to have bagged 3G licenses in the recent spectrum auctions in India, today announced its plans to invest Rs. 700 crores for acquisition of 3G spectrum and roll out of services. The company plans to raise Rs. 338 crores through a 1:1 debt to equity ratio towards license fee payment for the three circles of Bihar & Jharkhand, Odisha and Himachal Pradesh. S Tel is... Read More

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