Hang-up for cellular firms
Article Abstract:
India's deregulation of telecommunication services in an attempt to counteract India's existing poor phone service, which was just 22 lines per every 1,000 people in 1998, has many cellular companies feeling threatened. New government regulation that states that fixed-line companies are now able to operate wireless-in-local-loop (WILL) networks, and anyone who meets basic requirements and is able to pay a set fee is allowed to start a fixed-line phone company, is being disputed by Cellular Operators Association of India before the Telecom Disputes Settlement Appellate Tribunal.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Enron power plant rejects state's payment
Article Abstract:
Dabhol Power Corp., an Indian power project of Enron Corp., has rejected the Maharashtra State Electricity Board's (MSEB) $29 million dollar check, responding with a 4 page letter to misrepresentations, along with a comment that the payment was made in protest. Dabhol has called on federal-government guarantees in order to cover the overdue bills.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Investor appetite for India
Article Abstract:
MindTree Consulting PLC has received $14.4 million in funding from Capital Group. The Indian software consulting company plans to use the funds to expand in Europe and Asia, thus reducing dependence on the U.S. Venture capital in India has dropped overall this year as technology firms have slumped globally.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Comment about this article or add new information about this topic:
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