point
Menu
Browse by year:
The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

AT&T and Telstra Look to Re-enter Indian Market

Zoya Anna Thomas
Monday, November 2, 2009
Zoya Anna Thomas
AT&T, a $124 billion company, is set to re-enter the expanding Indian telecom market after exiting it five years ago. Two more global majors, Telstra and SK Telecom, are expected to enter the Indian market through the 3G broadband wireless access route. Telstra had exited from its 49 percent stake in Modi Telstra and the $12 billion company SK Telecom in 2000.

Officials at the Department of Telecommunications informed that AT&T has shown an interest in bidding in the 3G spectrum auctions and has been in touch with the department after the announcement of the reserve price. The U.S. based company declined to comment on the issue.

A pan-India license will cost AT&T Rs. 1,651 crore. Additional reserve price for all-India auctions is Rs. 3,500 crore, which could go up to Rs. 8,000 crore if successful. The company already has a domestic and long distance license in India.
Share on Twitter
Share on LinkedIn
Share on facebook