Market Ticker

Translate

Tuesday, May 25, 2010

Telcos withdraw plea to tribunal over 2G plan

Mobile operators such as Bharti Airtel and Vodafone Essar on Tuesday withdrew their plea to the telecom tribunal over the regulator's proposals to slap new fees on second-generation (2G) spectrum, a lawyer said.

Petitions filed by leading operators seeking to overturn the sector regulator's proposals to slap new fees on 2G spectrum has been withdrawn, C.A. Sundaram, one of the lawyers representing the operators, told reporters.

The Telecom Regulatory Authority of India (TRAI) earlier this month called for firms to pay a one-time fee for 2G radio-spectrum with high bandwidth they won several years ago based on 3G spectrum price, a move that could see established operators paying billions of dollars.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 25
19:30 New Home Sales Change (MoM) 2 -13.7% 9.6% Revised from 10.9%
19:30 New Home Sales (MoM) 1 0.623M 0.690M 0.722M Revised from 0.743M
19:30 Fed's Chair Powell testifies 3
20:00 EIA Crude Oil Stocks Change 1 -5.836M -0.600M -11.473M
22:30 5-Year Note Auction 1 3.879% 4.071%
Thursday, Jun 26
14:00 BoE's Breeden speech 2
15:15 BoE's Greene speech 2
16:30 BoE's Governor Bailey speech 3
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Initial Jobless Claims 2 245K 245K
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener