Etisalat blames Majestic Infra for Etisalat DB creditor’s woes
Posted: Tuesday, Apr 03, 2012 at 2135 hrs IST
Etisalat DB had announced that it will shut down its operations in India following Supreme Court order that cancelled 122 2G licences, including 15 licences that belonged to the company. Etisalat holds around 44.7 per cent stake in the company.
The company added that Majestic Infracon removed its director from the board with no replacements.
“…culminating in an express refusal by Majestic to play… Continue reading
2G auction: Trai mulls fresh codes for operators
The Telecom Regulatory Authority of India (Trai) is likely to issue new guidelines to be followed by telecom firms which lost licences after the Supreme Court verdict on the 2G spectrum case.
To protect interests of mobile phone users, Trai is examining issues such as selling recharge coupons and new connections by service providers. According to sources, Trai is likely to take the decision soon.
After the verdict, companies that are set to lose on account of the cancellation of licences are Uninor (joint venture between Unitech and Telenor of Norway), Loop Telecom, Sistema Shyam (joint venture between Shyam and Sistema of Russia), Etisalat DB (joint venture between Swan and Etisalat of UAE), S Tel, Videocon, Tatas and Idea.
Though consumers have the option of portability, Trai is of the opinion that many customers are unaware that the existing provider cannot extend service if it fails to obtain… Continue reading
Will not pay any claims until April 18: Etisalat DB
11 APR, 2012, 10.38PM IST, PTI
Will not pay any claims until April 18: Etisalat DB
NEW DELHI: Telecom operator Etisalat DB said it will not entertain any request for payments by creditors or claimants, except those ordered by the court, as the Bombay High Court has adjourned the hearing on its winding up petition to April 18.
“Etisalat DB confirms that this matter has been adjourned to April 18 in order for all claimants to file the particulars of their claim. Until 18th, no payments to be made by the company to any creditor or claimants other than under the orders of the Court,” a statement issued jointly by EDB and UAE-based Etisalat said.
EDB have announced the closing down of its operations following Supreme Court order that cancelled 122 licences.
EDB has filed petition in the Bombay High Court for winding up its business and for a… Continue reading
Continue ops till licence valid: Trai to Etisalat, S Tel
Also asks the two operators to furnish it with the compliance report within three days
Press Trust of India / New Delhi Apr 11, 2012, 21:26 IST
The Telecom Regulatory Authority of India (Trai) today directed Etisalat DB and S Tel, who have announced closure of their operations, to comply with guidelines and continue providing services till licences are operational.
The regulator has also asked the two operators to furnish it with the compliance report within a period of three days.
“…Comply with all the provisions of the unified access service licence, ensure connectivity of service to its subscribers and maintain the quality of service till licence is operational,” Trai said in directions issued to both the companies separately.
Etisalat DB and S Tel had informed Department of Telecommunications (DoT) in March about closure of their business in India following the Supreme Court order.
The apex court in… Continue reading
Etisalat DB, Stel told to restart services in 3 days
THOMAS K THOMAS
NEW DELHI, APRIL 11:
The Telecom Regulatory Authority of India has ordered Etisalat DB and Stel to restart mobile services within three days.
The two companies had shut services after the Supreme Court cancelled in February all 2G licences issued after January 2008.
The telecom regulator has held the action of shutting down services by these firms as illegal and told the operators to continue services until the Government actually cancels their licences.
The TRAI order deals another blow to the new 2G players already reeling under the apex court’s decision. They termed the regulator’s order as illegal as they are only complying with the Supreme Court’s order.
“On the one hand we have been told by the Supreme Court that our licences are being cancelled and on the other the regulator wants us to continue services. We are caught in between,” said a Mumbai-based operator.… Continue reading
2G: Government will not approach SC seeking extension of four-month deadline
11 APR, 2012, 10.08PM IST, JOJI THOMAS PHILIP,ET BUREAU
2G: Government will not approach SC seeking extension of four-month deadline
NEW DELHI: All mobile phone companies whose licences were cancelled by the Supreme Court may have to suspend operations from June 2 as the government will not approach the Supreme Court seeking an extension of the four-month deadline.
The apex court in its February 2 order that quashed 122 mobile permits allotted in 2008, had directed the government to issue fresh licences through auctions within four months. But, the government in its clarification petition has said that that it would require a minimum of 400 days to carry out the auctions implying that the process would be complete only by March 2013.
Telecoms secretary R Chandrasekhar confirmed that operations of quashed licences would have to stop on June 2 unless the court was to grant an extension. But the… Continue reading
2G: Government will not approach SC seeking extension of four-month deadline
NEW DELHI: All mobile phone companies whose licences were cancelled by the Supreme Court may have to suspend operations from June 2 as the government will not approach the Supreme Court seeking an extension of the four-month deadline.
The apex court in its February 2 order that quashed 122 mobile permits allotted in 2008, had directed the government to issue fresh licences through auctions within four months. But, the government in its clarification petition has said that that it would require a minimum of 400 days to carry out the auctions implying that the process would be complete only by March 2013.
Telecoms secretary R Chandrasekhar confirmed that operations of quashed licences would have to stop on June 2 unless the court was to grant an extension. But the catch is that the Supreme Court last week declined its reconsider its order cancelling 122 telecom permits issued by former telecoms… Continue reading
Etisalat DB, Stel told to restart services in 3 days
THOMAS K THOMAS
NEW DELHI, APRIL 11:
The Telecom Regulatory Authority of India has ordered Etisalat DB and Stel to restart mobile services within three days.The two companies had shut services after the Supreme Court cancelled in February all 2G licences issued after January 2008.
The telecom regulator has held the action of shutting down services by these firms as illegal and told the operators to continue services until the Government actually cancels their licences.
The TRAI order deals another blow to the new 2G players already reeling under the apex court’s decision. They termed the regulator’s order as illegal as they are only complying with the Supreme Court’s order.
“On the one hand we have been told by the Supreme Court that our licences are being cancelled and on the other the regulator wants us to continue services. We are caught in between,” said a Mumbai-based operator.
The… Continue reading
Continue ops till licence valid: Trai to Etisalat, S Tel
Also asks the two operators to furnish it with the compliance report within three days
Press Trust of India / New Delhi Apr 11, 2012, 21:26 IST
The Telecom Regulatory Authority of India (Trai) today directed Etisalat DB and S Tel, who have announced closure of their operations, to comply with guidelines and continue providing services till licences are operational.The regulator has also asked the two operators to furnish it with the compliance report within a period of three days.
“…Comply with all the provisions of the unified access service licence, ensure connectivity of service to its subscribers and maintain the quality of service till licence is operational,” Trai said in directions issued to both the companies separately.
Etisalat DB and S Tel had informed Department of Telecommunications (DoT) in March about closure of their business in India following the Supreme Court order.The apex court in February… Continue reading
Will not pay any claims until April 18: Etisalat DB
NEW DELHI: Telecom operator Etisalat DB said it will not entertain any request for payments by creditors or claimants, except those ordered by the court, as the Bombay High Court has adjourned the hearing on its winding up petition to April 18. “Etisalat DB confirms that this matter has been adjourned to April 18 in order for all claimants to file the particulars of their claim. Until 18th, no payments to be made by the company to any creditor or claimants other than under the orders of the Court,” a statement issued jointly by EDB and UAE-based Etisalat said. EDB have announced the closing down of its operations following Supreme Court order that cancelled 122 licences. EDB has filed petition in the Bombay High Court for winding up its business and for a liquidator to oversee the orderly winding up of the company.
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