By Editor on March 27, 2012 · Leave a Comment
Mobile operator Telenor has informed the Indian government that it would seek damages in the event that the cancellation of its 22 licences was not dealt with, according to a report by Reuters. The report states that Glen Mandelid, Telenor spokesman said that they are hopeful that it remains the government’s intent to protect and encourage bona fide foreign investment in the country.
As per the report, the operator has said that if a solution is not reached within six months, it will seek international arbitration for failure to protect its investment in the country. Further, the report states that Telenor said it informed the Indian government of its intent to invoke the provisions of the so-called Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore. The Norwegian company owns the stake in the Indian joint venture through its unit registered in Singapore.
By Editor on March 29, 2011 · Leave a Comment
A lawyer for the federal investigative agency has stated that Etisalat’s 2008 deal to acquire a stake in an Indian telecoms firm, Swan Telecom, violated Indian rules on foreign investment and foreign exchange.
The federal investigators are probing into a multi-billion-dollar telecoms licensing scam. The Supreme Court is monitoring the probe by the federal agency.
By Editor on February 15, 2011 · Leave a Comment
Chinese telecom equipment maker, Huawei has stated that President Barack Obama will have to decide whether the company has to unwind a $2 million patent deal after a classified national security review failed to approve the transaction.
According to Huawei, it was offered an opportunity, by the Committee on Foreign Investment, the secretive executive branch panel that vets deal on national security grounds, to withdraw from the regulatory review and sell patents it acquired from a company called 3Leaf last May.
Huawei stated that it believed that voluntarily selling the assets would do significant damage†to its brand and its reputation and it believed that an appropriate decision would be made. That means the decision will, under law, now fall directly to Mr Obama, who has the sole authority to issue a decision following a 15-day review of the panel’s findings.
The legal experts believe that the move by Huawei is virtually unprecedented. In almost every other case, when a company has been quietly advised to walk away from a deal, it has done so. Most attorneys who work in the field say that Mr Obama would most likely heed the opinion of the Cfius panel, which is comprised of top intelligence, defence and economic officials in his administration.
The decision puts Mr Obama in a difficult political position following the state visit by Hu Jintao, the Chinese president, to the United States in January. More than halfway through his term, the President has never had to rule on a Cfius case.
Huawei claimed it believed that Cfius had been bothered and challenged by the fact that the company failed to alert the panel of the deal before it was already closed. The circumstances of the deal made it difficult for the Cfius panel to craft a security-related arrangement that would satisfy the panel.
The decision represents a gamble by the Chinese company, which was already forced to abandon a deal in 2008 because of national security concerns. The decision raises significant doubt about the company’s future growth prospects and ability to win big US telecommunications contracts given that the US government now has obvious doubts about the company.
According to the company, Huawei has great respect for and trusts the fairness and impartiality of the US government and American due process. Whatever the final determination on the 3Leaf case, Huawei looks forward to expanding our already substantial business in the US.
Filed under Mobile ·
Tagged with 3Leaf, Cfius panel, China, foreign investment, Hu Jintao, Huawei, Mobile, national security review, President Barack Obama, the Chinese president, USA
By Editor on September 8, 2009 · Leave a Comment
Ghanawww.WirelessFederation.com/news: As per the committee set up by the government of Ghana, they have to review last year’s sale of 70% of national PTO Ghana Telecom (GT) to the UK’s Vodafone Group has completed its report and handed its findings to the Minister of Communications, Mr Haruna Iddrisu. He said that the state’s decision on the Vodafone sale would most likely have ‘major ramifications on foreign investment in the country’, the government felt compelled to place public interest above all other considerations in deciding future decisions concerning the sale.
By Editor on August 14, 2006 · Leave a Comment
The number of mobile subscribers in India is expected to grow from just over 100 million today to more than 350 million by 2010, an addition of 250 million subscribers in just four years, according to The Diffusion Group. The analysts predict that the evolving mobile markets in China and India will reshape the global telecommunications and technology landscape and realign market share among today’s mobile market leaders.
| According to The Diffusion Group, China market is widely heralded as the most immediate and largest market opportunity for mobile vendors. India’s growth rate will be equally explosive. When combined, China and India — what TDG calls “New Asia” — have a population of approximately 2.5 billion people and comprise the single largest opportunity for mobile vendors in the history of mobile telecom.”While India’s mobile market growth will in many ways follow China, the reasons for its growth are very different,” noted Michael Greeson, founder of The Diffusion Group. “India continues to experience a level of poverty far deeper than China and has little in the way of fixed-line infrastructure to support telecommunications. More than half of India’s 700 million rural inhabitants have no access to residential electricity and must rely on community pay phones. It is because of this unique confluence of factors that mobile technologies make so much sense to both India’s government and to operators.”
As Greeson notes, modern mobile telecommunications technology offers developing nations a way to cover expansive ‘greenfield’ territories — in this case, areas bereft of home or personal telecommunications — in a faster and less expensive way than traditional fixed telecom infrastructure. Combined with the world’s lowest per-minute charges, inexpensive handsets, and the social status of mobile phone ownership, India’s mobile operators are preparing to exploit this opportunity.
Other key findings from TDG’s study of India’s mobile markets include the following:
- Despite 12 years of deregulation, the number of fixed-line telecom subscribers has increased less than 15% in the last three years: from 41.5 million to 47.5 million, most of which has been confined to urban areas.
- In India, the cost of installing new fixed lines is roughly three times the price of installing a mobile line.
- As of early 2006, about half of all the towns and villages in India could receive a mobile signal. The Ministry of Communication and Information Technology has set a goal to reach 90% coverage by the end of 2006 – a very ambitious goal, but one that could be within reach given the steps that the Telecom Regulatory Authority of India (TRAI) and the Indian government have taken to enable competition and increase foreign investment.
- Despite the fact that government taxes on mobile phone revenues are amongst the highest in the world, TDG expects that taxes, levies, and spectrum fees will be reduced to cover only the Universal Service Obligation (USO) fund and administrative costs.
- Given the rapid pace of growth, upgrading current infrastructure has taken a backseat to network expansion and quality of service in most areas is extremely poor.
- Total mobile service revenue will increase over 170% from 2006 through 2010, which translates to a compound annual growth rate of 22.1%.
While India offers tremendous opportunity for mobile telecom vendors, exploiting these opportunities requires understanding India’s regulatory and business environment, as well as comprehending India’s unique social and demographic landscape.
About the market research report
TDG’s 65-page report, “India’s Mobile Markets – Analysis & Forecasts” (July 2006) by Thomas Wolf and Kambam Deepak with Michael Greeson, presents an in-depth analysis of the social, political, technological, and market forces that are shaping India’s telecom evolution and pushing mobile subscriptions to record levels. The report provides forecasts for total subscriber demand, an analysis of 3G subscriber growth, market share analysis among India’s mobile operators, and forecasts for mobile ARPU through 2010.
Source- http://www.tekrati.com
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Technorati : China, India, Mobile
Ice Rocket : China, India, Mobile
Filed under Mobile ·
Tagged with Analyst, Annual Growth, Authority, Calls, China, Community, Demographic, Fixed-line Infrastructure, Foreca, Forecast, Foreign, foreign investment, Fusio, Fusion, Global Telecom, Government, India, indian government, Informa, Information, information technology, Invest, Investment, ministry, Ministry of Communication, Mobile Operators, Mobile Subscription, Mobile Subscriptions, Mobile Telecommunication, mobile telecommunications, Notes, nvestment, Obligation, Offers, On mobile, Political, Population, Pound, Predict, Regulation, Regulator, Regulatory, Regulatory Authority, Signal, spectrum, Spectrum Fees, Status, Study, Subscriber Growth, Subscription, Taxes, Technology, Telecom Infrastructure, Telecom Regulator, Telecom Regulatory Authority, Telecom Regulatory Authority of India, Unity, Univer, Universal, Urban Area, Vendor, Vendors, Villages
