Etisalat Db

• Court admits Etisalat plea for winding up of JV with DB group

  The Bombay High Court has admitted a petition filed by Etisalat Mauritius Ltd for winding up of its joint venture with India-based DB Group, observing that a deadlock exists between the main shareholders of Etisalat DB Telecom Private Ltd.

• DoT says Etisalat DB owes Rs 1,001 crore, no amount due: report

  The Indian unit of UAE-based telecom company Etisalat owes Rs 1,001 crore to the government, while no amount is due to the company as claimed by it, according to officials of the Department of Telecom.

• Loop, STel, Etisalat DB may not to get any licence fee refund: sources

  The government is unlikely to refund licence fee of telecom companies, whose licences were quashed by the Supreme Court in 2012, NDTV has learned. Thus, Loop, STel and Etisalat DB are not likely to get any refund from the government for the one-time licence fee they had paid.

• Telecom firms likely to post higher margins in Q4, says Barclays

  Buoyed by an increased revenue per minute and subscriber churn from smaller operators, telecom majors are expected to post higher revenues and margins in the fourth quarter of the last fiscal, says a Barclays report.

• Government may charge Rs 2764 crore for extension of cancelled 2G licences: sources

  The government is likely to charge Rs 2764 crore as charges for licence extension from telecom companies whose permits were cancelled by the Supreme Court, sources told NDTV Profit.

• Telecom panel to meet Tuesday, decide one-time spectrum fee

  The empowered Group of Ministers (eGoM) on telecom will discuss the issue of one-time spectrum fee.

• Etisalat's return depended on auction rules, dispute resolution

  The Etisalat Group's board is likely to take a decision whether or not Etisalat would participate in the auction.

• Verdict cancelling 2G licences did not suffer from error: Supreme Court

  "We have carefully perused the review petition and the record of the case," said the apex court.

• No salary for Etisalat DB staff till court clears winding up

  Etisalat DB, which is in the process of winding up its telecom business in the country, has informed its employees that it would not pay salaries without the approval of the court.

• Tata asks Supreme Court to review cancellation of its 2G licenses

  Tata Teleservices Ltd moved the Supreme Court seeking review of its judgement cancelling its licences for the 2G spectrum.

• DB Realty tanks 16% in 3 days after Etisalat hangs up

  DB Realty has said the shutdown of the mobile venture would have no bearing on its financials.

• DB Realty sees no financial impact from Etisalat exit

  Yesterday, Etisalat had announced shutting of its India operations following the Supreme Court order cancelling telecom licenses allocated to Etisalat DB and others.

• Profit top 10: Etisalat takes DB group's Balwa to court for fraud; Citi to sell entire HDFC stake

  If you missed our coverage today, here are the top ten stories.

• Etisalat takes Swan telecom promoter Shahid Balwa to court

  Etisalat has initiated proceedings in the Bombay High Court against Swan Telecom promoter Shahid Balwa, DB Group chairman Vinod Goenka and Majestic Infracon for alleged fraud and misrepresentation. Shares of DB Realty fell over 4 per cent to Rs 85.15 on the Bombay Stock Exchange on Thursday.

• TDSAT serves notice to Etisalat DB on Reliance Infratel's Rs 12,000 cr dues

  Reliance Infratel said that the company wanted to secure its due amount, which is around Rs 1,200 crore.