Analjit Singh, the new non-executive Chairman of the Indian unit of Vodafone has said Indian business is planning to get listed in the country and will soon come out with an Initial Public Offering (IPO).

He said that the company is still considering the decision but the final decision is yet to be taken on the matter.

India's leading telecom service provider, Reliance Communications (RCom) has recorded a fall of 61.25 per cent in consolidated net profit at Rs 186 crore for the quarter till December 2011.

The company's net profit was recorded at the level of Rs 480 crore in the same quarter in the previous year. The company's total income increased Rs 5,052 crore during the quarter compared to Rs 5,004 crore in the same quarter of the previous year.

Emirates Telecommunications has reported a fall of 65 per cent in profits in the fourth quarter mainly as it incurred huge impairment charges for its Indian business.

The Abu Dhabi based company earned 705 million U. A. E. dirhams ($192 million) in the quarter, according to estimates. It reported a yearly profit of AED5.84 billion, compared with AED7.63 billion in the previous year.

Telecom service provider, Telenor has announced its decision to hike dividends to 5 Norwegian crowns from 3.8 crowns earlier as it expects its revenues and profitability to rise in the year.

The company said that it expects revenue to grow 5 percent and its profits from core business to rise for 2012. The company’s profitability was below expectations in November and December of 2011 as there was heavy discounting in the region and firms were competing to attract customers to new services.

India’s leading telecom operator, Bharti Airtel has reported a fall of 22 per cent to Rs. 1,011 crore in the third quarter till December 2011.

The telecom service provider’s net profit fell to Rs. 1,011 crore in the quarter, a performance which is below market expectations. The loss was mainly due to increase in amortization lead by 3G licences and higher tax provision, according to experts.

New Delhi, Feb 8 - Telecom major Bharti Airtel Wednesday reported a 17 percent increase in total revenue for the quarter ended Dec 31 at Rs. 18,477 crore against Rs. 15,772 crore during the like period of the previous financial year.

Overall customer base stood at 243 million across 19 countries, the company said in a statement.

Non-voice revenue stood at Rs. 2,801 crore, up 20.4 percent year on year.

Healcare sector firm, Piramal Healthcare has acquired additional stake in Vodafone's India unit taking its total stake to about 11 percent in the country's third largest telecom service provider.

Piramal said on Friday that it would buy a 5.5 percent from Essar for about 30 billion rupees or $616.14 million. The company raised 18 billion rupees through commercial papers with 30-day and 75-day maturities to pay a part of the deal to acquire the stake in the British telecom giant's Indian unit.

The outlook for several major and small outsourcing contracts is uncertain in the country as the Supreme Court of India decided to cancel all 122 spectrum licenses that were granted to firms during the former communications minister A Raja's time in office.

Both Indian and multinational IT firms like Wipro, Tech Mahindra and IBM as well as business process firms such as Firstsource, Intelenet and Aegis had signed outsourcing contracts with millions of dollars with telecom firms including Uninor, Etisalat DB, Videocon and Idea.

Telenor ASA has said that it will include a 4.2 billion kroner writedown in India in its fourth-quarter following a ruling from the Supreme Court is India that cancelled 122 telecom licenses in the country.

Telenor had sort help from the Norwegian government to protect its investment in India after the ruling by the apex court in India. The company has said that it will fight to protect lawful investments in India and also said that Norwegian government is aiming to find a solution to the issue.

New Delhi, Feb 4 - Norwegian firm Telenor Saturday said it would write down investments into its Indian mobile arm -- Uninor -- worth about $724.5 million (4.2 billion NOK) following the Supreme Court's order cancelling 122 2G licences, including 22 licenses of Uninor.

The company, however, said this would not affect its Indian operations and it intended to protect its investment.

Mumbai, Feb 3 - Stocks of firms that face cancellation of telecom licences after the Supreme Court order continued to rule in the red Friday, with investors expecting their subscribers to switch to older players not affected by the verdict.

The sharpest fall at the Bombay Stock Exchange (BSE) among the affected companies was seen in the scrip of Idea Cellular, which was quoting at Rs. 94.5 with a loss of 1.41 percent over the previous close.

In a new development in the ongoing 2G spectrum scandal case, the Supreme Court of India has scrapped the validity of quashed all 122 spectrum licenses that were granted to firms during the former communications minister A Raja’s time in office.

The court cancelled all the licenses on the ground they were issued in a “totally arbitrary and unconstitutional” manner. It also imposed a fine on three telecom companies that offloaded their shares after getting the licenses.

Five senior executives of Essar and Loop Telecom, who are accused in the 2G spam, did not appear in the Delhi court on Friday for a scheduled hearing.

Essar Promoter Director Anshuman Ruia, Essar Vice Chairman Ravi Ruia, Essar Group Director (Strategy & Planning) Vikas Saraf, Loop Telecom's Kiran Khaitan and IP Khaitan are the five executives who failed to show up at the court, where they were expected on Friday.

India’s telecom regulator, the Telecom Regulatory Authority of India (TRAI) decided to scrap the 200 SMS per SIM limit on messages generated or sent to automated machines in the country.

TRAI said in a statement that, “The TRAI has received representations from the stakeholders that in view of the limit of 200 SMS per day per SIM, they are not able to send machine-to-machine and person-to-machine SMS which are sent by them to initiate process or application for their operational requirements.”

Tata Communications has said that it is planning to invest Rs 2,250 crore in projects in new product areas.

The Tata group firm is looking to make fresh investments in cloud computing, mobile broadband, video telepresence, submarine cables and data centre projects, according to Managing Director and CEO Vinod Kumar.

Telecom service provider, Idea Cellular has recorded a fall of 18 per cent in its consolidated net profit to Rs 200.9 crore in the third quarter till December 2011 mainly due to higher depreciation and financing costs in 3G services.

The Supreme Court of India has announced its decision into the long standing case involving global telecom sector giant, Vodafone and the Indian authorities relating to the payment of taxes in the country.

The decision announced by a three-member Supreme Court bench headed by Chief Justice S H Kapadia sets s precedent for similar matters in India.

Telecom giant, Vodafone Group’s victory in India has paved the pay for the company to start planning its initial public offering (IPO) in the country, which has become an important market for the global giant.

The company court victory in a case lasting more than four years came as the Surpreme Court dismiss the government’s demand for $2.2 billion in taxes from Vodafone for its acquisition of Hutchison Whampoa Ltd’s India operations in 2007.

India's Income Tax department has served a notice to the country's largest mobile services provider by subscribers, Bharti Airtel for taxes amounting to Rs 1,067 crore on the company's overseas operations.

A government ahs found that the proposed wireless network of LightSquared would seriously affect global positioning systems connectivity in India.