The firm is looking to raise as much as Rs 1,000 crore through short-term commercial paper.
According to senior officials in the department of telecommunication 20 Mhz of spectrum has been given to the four firms -- Infotel, Bharti, Aircel and Tikona Digital, which have licences to offer services.
Mukesh Ambani-led Reliance Industries on Friday agreed to acquire Infotel for Rs 4,800 crore (Rs 48 billion) in a deal that values the Mahendra Nahata group internet service provider at about Rs 5,000 crore (Rs 50 billion).
Bharti Infotel announced the launch of Wi-Fi service over digital subscriber line in Delhi, Haryana, Tamil Nadu and Karnataka, a move that would enable subscribers to surf the Internet wireless at their homes and offices with speed upto 8 Mbps.
Mukesh Ambani-led RIL on Tuesday said its newly acquired internet arm Infotel has paid Rs 12,847.77 crore (Rs 128.477 billion) it bid for pan-India Broadband Wireless Access spectrum.
It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24, but Reliance said the company is not a subsidiary of any Reliance entity.
Qwik Supply, the third largest donor to political parities using electoral bonds, bought Rs 410 crore bonds between 2021-22 and 2023-24, and gave all but Rs 25 crore to the BJP.
As it firms up its telecom re-entry strategy, Reliance Industries subsidiary Infotel Broadband has told telecom tower companies that it will pay only half the prevailing rental for towers taken on lease.
Vishvapradhan Commercial Private Ltd, a little-known entity through which the Adani Group has launched a hostile bid for NDTV Ltd, had an annual turnover of just Rs 60,000 few years back but it gave Rs 400 crore of interest-free loans to the broadcaster in 2009, as per Sebi orders.
He is the former head of OnMobile, a mobile value-added services firm. He had resigned from the company in July over a 'corporate governance issue.
Both Long Term Evolution Time Division Duplex and Worldwide Interoperability for Microwave Access are broadband wireless access technologies.
The government on Friday said successful bidders for BWA spectrum -- including Infotel, which was acquired by Mukesh Ambani-led RIL -- will get the frequency next week, paving the way for subscribers to get mobile broadband services by the end of this year.
Three firms, Vishvapradhan Commercial Pvt Ltd along with AMG Media Networks and Adani Enterprises Ltd, have offered a price of Rs 294 for the acquisition of up to 1,67,62,530 fully paid-up equity shares of NDTV having a face value of Rs 4 from the public shareholders.
Reliance Jio Infocomm, expected to start commercial operations in the Indian telecom space in the next few months, had a net worth of Rs 5,026.16 crore, the company said in a statement submitted to the Department of Telecommunications (DoT) on Monday.
Reliance Jio Infocomm has moved the Bombay High Court seeking approval for amalgamating its long distance services arm Infotel with itself.
According to documents accessed by Business Standard, RIL increased its direct stake in Jio to 98.9 per cent as on March this year by pumping more capital into the company.
Company now plans to use 1800 MHz band spectrum as the primary wave while the 2300 Mhz wave will be supplementary for enterprise customers.
Vendors say Infotel Broadband close to signing tower leasing deals with Anil Ambani company
Reliance will offer high-quality voice and video calling services like Skype.
While Reliance/Infotel Broadband stands to gain if Qualcomm is forced out of the BWA race, will the potential Indian consumer of broadband wireless services gain from this unseemly tussle? That is a question that remains unanswered.
Investment Trust of India Ltd plans to seek members' approval for amalgamation of HFCL Infotel Ltd with the company.
The move is being considered after growing clamour from competing 4G operators for a level playing field in relation to Qualcomm.
Network 18-Eenadu is just the beginning of a bigger data and video strategy.
The CAG has suggested canceling nationwide broadband spectrum allocated to Infotel Broadband Services, now a Reliance Industries company, for allegedly rigging the auction and violating rules.
To launch 4G long-term evolution services in 1,800 MHz band.
RIL mulls launching tablets at around Rs 3,500 and bundle it with data offering 1 GB at Rs 10, a tenth of the current 3G prices.
Indian companies raised over $3.41 billion overseas in December through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs), the Reserve Bank of India (RBI) has said.
Despite the increased business risks, the rating agency affirmed Baa2 ratings, three notches down from the highest grade, with a stable outlook for RIL, Moody's Investor Service said in its weekly outlook.
Right after it returned to the telecom sector by acquiring Infotel Broadband, Mukesh Ambani's Reliance Industries (RIL) began discussions with brother Anil Ambani's mobile service provider, Reliance Communications (RCom), for a possible sharing of infrastructure.
RIL, RCom working on partnership blueprint.
Bharti Tele-Ventures Ltd's board approved a plan for amalgamation of its subsidiary companies Bharti Telenet Ltd, Bharti Telesonic Ltd, Bharti Broadband Networks Ltd and Bharti Comtel Ltd.
Leading telecom players like RCom, Tatas, Vodafone and Idea Cellular failed to bag a single circle for Broadband services, saying the BWA spectrum price was too high to make a viable business case.
Himachal Futuristic Communications Ltd (HFCL) made it public that its key promoters - Mahendra Nahata and his nephew Vinay Maloo - had parted ways.
Punjab-based telecom operator HFCL on Wednesday became the first service provider to offer uniform call rates across all telecom networks and announced that all calls from its service Connect would be local calls.
Telecom Regulatory Authority of India on Wednesday issued another directive to Bharti, Spice and Hutchison-Essar following blocking of calls originating from the basic telecom players offering limited mobile services.
Bharti Tele Ventures Ltd has informed the Bombay Stock Exchange that Bharti Infotel Ltd, a wholly owned subsidiary of the company has signed an agreement with Max India to acquire 100 per cent equity stake in Comsat Max, a leading provider of VSAT an
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