At stake is a percent stake. Bharti Enterprises has said it is hopeful of setting up a 50:50 joint venture with Wal-Mart, while the US retailer has said it would look for a majority stake in a joint venture.
A cash and carry joint venture between Wal-Mart Stores and Bharti Enterprises plans to add 3-5 stores by end of the year, a spokeswoman for the world's largest retailer said on Tuesday.
The telco is expected to have an upper hand over RIL, which is likely to play the pricing game now.
Reliance Industries, the only player to have a pan-India 4G licence, is likely to tie up with Himachal Futuristic Communications to roll out fourth-generation wireless broadband services
Mamata, Bengal's stormy petrel and street-fighter, is now in government. She needs to change her story line from blaming the Left to governance.
Qualcomm, which spent nearly $1 billion to buy 4G radio airwaves in a 2010 auction, had sold a total 26 percent stake to Indian companies Global Holding Corp and Tulip Telecom for about $58 million to comply with the sector's foreign holding rules.
Telecom firms on Wednesday made a pitch to top government functionaries, including Home Minister P Chidambaram and Finance Minister Pranab Mukherjee, urging them not to accept the regulator's "catastrophic" recipe.
Despite the earnings miss, Bharti Airtel's overall EBITDA margins improved 115 basis points quarter-on-quarter led by improvements in its mobile and Africa businesses.
Private banks lifted spirits of the market after good results from both ICICI Bank and Axis Bank.
The big telecom companies may have to pay more for spectrum, but the tariff hikes needed to pay for it may be no more than2-4 paise per minute.
Looks like everyone from companies to consumers have reason to be disgruntled about the Telecom Regulatory Authority of India's recommendations. Here are the key reasons for the discontent.
TRAI had moved the court after the companies failed to reply satisfactorily to its show cause notices for the alleged violation of norms that permitted subscribers to switch over from one service provider to another.
Bharti Walmart, a cash and carry joint venture which runs Indian telecom firm Bharti Airtel, will use the funds to roll-out stores in the country, said a company source.
In response to Trai's paper on policy of forbearance in telecom tariff, both GSM and CDMA operators' bodies contended that under the current structure, phone tariffs are among the lowest in the world.
Against the backdrop of telecom passing through turbulent times, Mittal said it is a very powerful tool for social transformation and needs a balanced growth.
Bharti Walmart's Raj Jain told CNBC-TV18 that demand in the food and FMCG segment is not waning. The company has plans to open 10-12 additional cash and carry stores in India in 2012.
The research firm said the chances of TRAI recommendations being accepted were fairly high and would force incumbentplayers to give in to the demands of a cash-strapped government.
Bharti Airtel has paid a first-ever interim dividend of Rs 11.75 crore to its minority partner in Bharti Hexacom, state-owned TCIL, at the rate of 15 per cent for FY'12.