Indonesian mobile retailer inks partnership with wireless service provider Brightstar to bring services focused on supply chain, distribution and trading to companies in the mobile devices and telecom business.
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Government reverses its stance and allows the telco use the US$302 million it paid for earlier licenses in 2008 to offset the cost of new airwaves it won in the November 2012 auction.
Sistema Shyam will shut down services in 10 of its 22 telecom circles in India, while gearing up for the upcoming spectrum auction on March 11.
Indian telco will regroup its current three regional hubs for domestic operations into eight hubs, to build a "more connected organization which is closer to the marketplace".
Telco's net profit for the quarter slid 5 percent, but jumped 14 percent on a full-year basis bolstered by fixed network revenues. CEO Neil Montefiore is also stepping down in March this year.
Telco says spectrum in some circles it won in last November's auction are still being used by other operators, even though their licenses have been canceled by India's Supreme Court.
India's department of telecommunications asks the Supreme Court to defer its January deadline of closing 2G networks till March, which will allow affected telcos without new licenses to continue operations in the interim.
Korean telco KT Corp said it reported LG Uplus to the Korea Communications Commission for adding subscribers illegally despite ongoing suspension.
Mobile tower company says it will kickstart initial public offering proceedings in January, and is not worried by poor response from retail investors in Bharti Infratel's IPO.
Russian company, who owns part of Sistema Shyam Teleservices, is requesting India's court to reinstate its cancelled 2G licenses by Dec. 24 or face legal action worth "billions of dollars in damages".