Despite already having closed their services in India, announcing that they will cease doing business in the country and notifying their subscribers to move to a different network, operators S Tel and Etisalat have been told by India’s telecoms regulator that they must continue offering services until the license cancellation date. Loop Telecom has also announced that it will be exiting the market but must continue offering services until June 2, 2012.
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India’s 2G spectrum scandal has cast a cloud over the country’s telecoms sector so dark that former Telecoms minister Andimuthu Raja is said to feel safer in prison than he does walking down the street. He has been sat in a cell for over a year, refusing to post bail and stands accused of taking bribes to sell spectrum to firms at discounted rates.
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Nordic operator group Telenor has said that it will do what it can to keep Indian subsidiary Uninor operating in the country. Last week, the Supreme Court of India cancelled 122 telecoms licences that were awarded in a 2008 spectrum sale, citing corruption in the sales process of the licences.
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Telenor Norwegian carrier Telenor said Wednesday that it has agreed to buy 60 per cent of Indian mobile licensee Unitech Wireless, for just over $1bn. Mobile start up Unitech has spectrum licences for all 22 telecom circles, and plans to launch services mid 2009. The attraction of the Indian telecoms market is no secret. The country [...]
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