The most-read story of last week: IRCTC Does $102 Million In Online Transactions In August; Payment Trends
Last week was dominated by activity in telecom space, with the announcement of the guidelines for IPTV, the Department of Telecom announcing significant amendments to the 3G and WiMax auction guidelines. The reserve price for WiMax spectrum has been increased significantly, and ISPs are now allowed to take part in the auction. Take a look at IPTV Guidelines and The Journey So Far
Above all, there was a flurry on news related to investments in mobile operators. Telecom operators are looking to raise capital for financing the 3G spectrum and rollout of services. This could lead to injudiciously high bids in the auction. Telenors reported investment in Unitech Wireless and Etisalats in Swan Tele could run into trouble with the Foreign Investment Promotion Board (FIPB), due to security concerns. Etisalat has a 26 percent stake in Pakistans PTCL. Telenor has investments in telcos in both Pakistan and Bangladesh.
Bharti Airtel also announced a $44 million fund, with deals capped at $4.4 million. As a startup, do consider all the issues around accepting funding from one Telco – details here.
Other significant news during the week: