unitech

June 6th, 2015 11:11 AM 0 COMMENTS

Cleared all telecom debts, plans to lessen loss gradually: Unitech

Unitech, India’s second largest real estate investment company has said that it has closed all its debts pertaining to telecom business. Unitech provided the clarification in response to the BSE’s query on the decline of its share prices, which could be due to the possible loan defaults the company possesses. Recently, Unitech’s share price has been showcasing consider a drop and fluctuations. On June 4, its’ share price fell by... Read More

August 3rd, 2012 3:12 PM 7 COMMENTS

Unitech Moves Company Law Board To Stall Uninor Sell Off Plan

Real estate firm Unitech, the Indian joint venture partner in telecom operator Uninor Wireless, has approached the Company Law Board (CLB) seeking a restraining order on the possible auctioning or sale in the joint venture firm. The move follows Norway’s Telenor, the foreign partner in Uninor Wireless, planning to sell off it stake in the business, after it received approvals from the majority of the board members. It also invited... Read More

March 13th, 2009 1:54 PM 0 COMMENTS

TRAI RECOMMEND 3YEAR LOCK-IN FOR NEW OPERTAOR

Amidst the controversial sale of stake by two new telecom operators, Swan and Unitech at a huge premium,TRAI has now recommended a 3 year lock-in period for stake sale by companies,which have recently got licences, in a bid to prevent them from making windfall gains overnight. Last year, DoT had suggested that existing telecom licensing norms be amended and a 3 to 5 year lock-in be imposed on the sale... Read More

March 9th, 2009 6:43 PM 2 COMMENTS

MOBILE TARIFFS TO COME DOWN,TRAI CHOPS CALL TERMINATION CHARGES

Indian Telecom regulator TRAI today slashed call termination charges by 33 per cent, a move which would result in bringing down the mobile tariffs for consumers. Termination charges are paid by one operator to another on whose network the call ends.The regulator has reduced the termination charges on local calls to 20 paise a minute from existing 30 paise. The new operators such as Datacom, Unitech, Shyam-Sistema and Loop Telecom... Read More

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