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News Roundup: Reliance Digital Retail,Telenor, DoT & More

Reliance Digital Retail, the electronics chain run by Reliance Group, has announced that it intends to increase its retail store count to 500 by March 14 from the present count of 101 stores across India. The company claims that it would emphasize on Tier 2 and Tier 3 cities for their expansion. Apart from increasing the number of stores, the company has also announced that it plans to have a warehouse at every state of the country. It currently has 21 warehouses across India. **** Telenor  has paid 33% of its bid price for the 2G spectrum after the telecom department (DoT) refused the company to offset the entry fee paid by its earlier joint venture partner - Unitech, reports ET. The DoT has stated that since Telenor had bid under a new and separate entity  for the 2G spectrum, therefore it could not offset the Rs 1,658-crore paid by its JV with Unitech. The company had won spectrum in 6 circles during the recently conducted 2G auctions, after its license was cancelled by the Indian Supreme Court in February 2012. Note that Telenor has paid the highest per MHz for spectrum: 1.8 times the next highest average price. **** Converge.in, a blog that keeps a track of broadband development in India, reports that Indian Government's plan to re-farm 900MHz spectrum band and auction it next year might not be that easy as Airtel, Vodafone, Idea may seek legal remedy. Read more here. **** The Standing Committee on Information Technology has stated that the department of Telecom (DoT) should review the…

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