www.WirelessFederation.com/news: Unitech Wireless, the new entrant in the Indian telecoms market, has reportedly secured a loan of $50 billion loan from State Bank of India to fund its mobile phone network rollout.
Unitech Wireless intends to launch mobile operators by December-end quarter.
On 08.18.09, In Mobile, By Editor
On 07.11.09, In Mobile, By Editor
www.WirelessFederation.com/news: S-Tel, the new entrant in the Indian mobile market, may not intend to launch its mobile services in all circles, even after having won a two-year legal battle to be awarded licences for 16 of the country’s regions. S-Tel with its plans of launching services in limited regions, will make an investment of INR20 billion (USD408.4 million) on network rollouts in the North East in next 3 years. Moreover, the cellco plans to bid for a 3G licence when the auction process begins.
On 04.20.09, In Mobile, By Editor
www.WirelessFederation.com/news: According to China Telecom, its first quarter net profit fell 27% due to intense market competition and the impact of the global financial crisis. The firm reported net profit of 4.7 billion yuan ($687.8 million) at the end of March against 6.47 billion yuan a year earlier. However, the operative revenues have grown to 15% to 50.9 billion yuan for the reported period.
On 03.28.09, In Mobile, By Editor
www.WirelessFederation.com/news: Glo Mobile (Owned by Globacom Limited) said that the country’s Environmental Protection Agency (EPA), is hampering its rollout programme by holding up its requests for permits to erect masts. Glo Mobile’s Head of Technical-Rollout Mr Idowu Olumodeji reportedly said that the company has been forced to push back its launch deadline several times already because the EPA had not issued the requisite permits. Glo had submitted no fewer than 500 applications for permits, covering most of the regional capitals, but to date has not been issued with a single permit, Olumodeji further said.