Telcordia's joint venture company MNP Interconnection Telecom Solutions India Pvt Ltd (MITS) has been selected to manage India's Mobile Number Portability solutions in South and East of India, while Syniverse Technologies for the North and the West. Fees: There is a one time, non-refundable, entry fee of Rs. 1 crore for the license, and the licence fee is one percent of Adjusted Gross Revenue (AGR) of the licensee Company. There is no license fee for first two years. Roll Out Process: The country has been segmented into two zones consisting of 11 Licensed Service Areas each with 2 Metro service areas in each zone. A maximum of two companies will manage MNP for a period of 5 years, each with a separate zone of operation. Initially MNP will be implemented in all Metro and category ‘A’ service areas within 6 month of award of the License. MNP regime will be rolled out in the country by end of summer 2010. Just In Time FDI For Telecordia JV The timing of this announcement is interesting - Telcordia is a NASDAQ listed entity, and on Feb 23rd 2009, it received the go-ahead from India's Foreign Investment Promotion Board (FIPB) for foreign investment. Telcordia was allowed to pick up upto 74% foreign investment in the mobile number portability, and allowed a foreign investment of Rs. 45 Crores. Earlier, the JV company (MITS) had requested the DoT for a clarification on whether the it can bring in the paid up capital of Rs. 10 Crores after receiving the FIPB approval, but before…
- Video: Is It Fair To Ask Online Communication Platforms To Contribute To The USO Fund? September 22, 2023
- Swiggy faces the heat for showing incorrect bill breakup September 22, 2023
- OpenAI unveils updated text-to-image generator DALL.E 3 with more safety features September 22, 2023
- Confusion among YouTube news channels after copyright claims from Prasar Bharati September 22, 2023
- UK asks Meta to not roll out end to end encryption on Instagram and Messenger September 22, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...