Analysts say that Nokia will have a tough time in the market given the intense competition in the price categories that Nokia will launch its phones.
The former chief financial officer and shareholder in Infosys has called upon company Chairman R. Seshasayee to quit.
Micromax's co-founder Rahul Sharma said the company would be profitable this fiscal year.
A Bharti spokesperson declined to comment on potential bidders and said the company does not have anything additional to say other than its exchange notification.
We used to sit at churns of 8-8.5% a month, went down to 2.5-2.6%, but now inched up to 3.5% because of competitive intensity.
The regulator has recommended a Rs 1,050 crore penalty on Airtel for flouting license conditions by not granting adequate PoIs to the new operator.
Trai has recommended levying a steep Rs 1,050 crore penalty on Airtel, for not providing adequate points of interconnect, required to complete calls made from one network to the other.
The telecom major's revenue dipped by 3.5 per cent to Rs 24,652 crore as against Rs 25,546.5 crore in the previous quarter.
The government is set to get Rs 65,789.12 crore, less then what was expected, even as it sold more airwaves than in the previous four auctions combined.
The first day of India’s largest sale of spectrum on Saturday saw leading telcos — besides Tata Teleservices, mainly in the fight to renew its Mumbai spectrum.
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