News From Telecom World

Allotment of spectrum to Swan Telecom was ‘transparent’ claims Telecom Minister (India)

Posted on: October 15, 2008

The allotment of spectrum to Swan telecom was “transparent”, said Telecommunications Minister A Raja. The allocation of spectrum was done as per the guidelines of the National Telecom Policy 1999, there was no favouritism, added Raja. The spectrum was alloted to Swan on first-come-first-served basis.
Following to Swan telecom’s $900 million deal with UAE-based Etisalat, which purchased 45% of its shares, allocation of spectrum was an added advantage. The deal valued the company at $2 billion. Swan Telecom is part of the Mumbai-based Dynamix Balwas group. Government has granted permission to Swan telecom to offer both national and international long distance (NLD and ILD) services, in addition to permission to operate as an Internet service provider (ISP) in India. With these three additonal licences the company will be able to provide the complete range of telecom services from mobile to fixedline to voice and data to Internet services.

Source: Wireless Federation

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