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Business Today

The Telecommunication Consumers Education and Protection Fund ( TCEPF), set up in June 2007 under Trai, has been lying virtually idle in Trai's coffers.

Telecom Minister Kapil Sibal on Friday slammed the CAG for its projection of Rs 1.76 lakh crore as presumptive loss on account of 2G spectrum allocation.
Uninor is one of the new operators which was allotted 2G spectrum, or radio waves, by former telecom minister A Raja and is under scanner on eligibility criteria.
The operators are desperate to buy more time because the stakes are high - the bulk SMS business in India is worth over Rs 250 crore annually.
Former Telecom Minister A Raja appears before the CBI for questioning in the Rs 22,000 crore 2G spectrum scam.
The number of mergers and acquisitions (M&As) rose to 222 in the first nine months of the current financial year compared to 149 in the same period last year.
While telecom companies are already hyping the brave new world of 3G services, standards of basic telephony services continue to languish in the basement.
Raja is likely to be questioned on the issue of preponing dates for allocation of spectrum and on the role of his relatives in some of the companies.