Monday, 25 April 2011

AT&T set to acquire T-Mobile for $39 bn

AT&T has agreed to buy T-Mobile USA from Deutsche Telekom for $39 billion in cash and stocks. 
According to a press release of Deutsche Telekom, the German company will be getting $25 billion in cash and $14 billion in stock that would give it a 8 per cent stake in AT&T. 

Monday, 18 April 2011

SC Stays TDSAT order, raises rates for DTH operators

The Supreme Court today stayed the order of the broadcast tribunal TDSAT setting aside Trai's notification fixing 35% of the rates paid by cable operators for TV channels and raised the same to 42%.
A bench comprising justices R V Raveendran and A K Patnaik stayed the order of the Telecom Disputes Settlement & Appellate Tribunal (TDSAT), which had set aside Trai's notification of July 21, fixing the price.

Thursday, 7 April 2011

Relief for FM broadcasters on music royalty payment

The 30-odd private FM radio broadcasters felt great relief when the Supreme Court on Tuesday lifted the stay on the Copyright Board order of August 2010 and asked the Madras High Court to dispose the matter in next two months.
This means the FM radio broadcasters will pay the royalty to the music firms at the rate of 2% of their net advertising revenue.

Aadhaar leak: EPFO discontinues services provided through Common Service Centre

Following fear of Aadhaar data leak, the Employees Provident Fund Organisation (EPFO) on May 2 said it has discontinued services provided t...