Loop Telecom today took the government and Trai before the sector's tribunal TDSAT seeking refund of Rs 1,454 crore paid for 2G licence and sought Rs 1,000 crore damages for loss of reputation after its cancellation.
In its petition, Loop Telecom has submitted that the Supreme Court has cancelled the UASL license issued to it by the government under its "flip flop' first-come-first-serve policy and it had to suffer a huge loss.
"The reason for quashing the first-come-first-serve policy, the UASLs and the subsequent allocation of the spectrum are wholly and absolutely attributable to the acts and omissions of the respondent (DoT & Trai) and as a direct proximate result thereof, the petitioner has suffered huge losses and damages," submitted Loop in the petition.It further alleged that due to, "faulty issuance of license and the policy flip-flops of the government, Loop has had to pay a very heavy price" and requested for "compensation of Rs 1,000 crore for loss of reputation" along with 12% interest.
A TDSAT bench headed by its Chairman Justice S B Sinha issued notice to the Department of Telecom (DoT) and Telecom Regulatory Authority of India.
The tribunal has asked the DoT and Trai to file their reply within four weeks and posted the matter on July 17 for next hearing.
Telecom panel drills down TRAI view - Hindustan Times
Earlier, TRAI had said that the spectrum pricing will only raise the tariff by up to four paise per minute. The regulator had calculated the tariff on pan-India basis.
The country is divided into 22 telecom circles. Generally, boundary of a circle coincides with that of a state. There are two exceptions — Mumbai is a separate telecom circle and the North East states also form a single circle.
In the 2010 auction of 3G spectrum, the combined price of spectrum in Delhi and Mumbai accounted for about 40% of the total pan-India price. The two metros account for only about 2% of India’s population and 7.8% of the total subscriber base.
Similarly, in 2001 auction, the two metros accounted for about 23% of the total spectrum price.
If spectrum pricing impact on tariff is calculated circle-wise, then tariff for telecom services in the two metros should have been many times more than that in category ‘B’ circles. However, this is not the case.
“If tariff is calculated circle-wise, then it would present a distorted picture of impact of pricing on tariff,” said a former TRAI member.
The average tariff fell from about Rs. 1 per minute to about 45 paise per minute when the new entrants launched services in 2008.
“Telecom commission wants circle-wise impact of pricing on tariff so that a new scenario may emerge where there may be a case for reducing reserve price,” said a source familiar with the developments.
The prices will also impact the licences for the metros that come up for renewal in 2014.
Loop Telecom moves TDSAT against government,TRAI - Express Buzz
NEW DELHI: Loop Telecom on Tuesday took the government and TRAI before the sector's tribunal TDSAT seeking refund of Rs 1,454 crore paid for 2G licence and sought Rs 1,000 crore damages for loss of reputation after its cancellation. In its petition, Loop Telecom has submitted that the Supreme Court has cancelled the UASL license issued to it by the government under its "flip flop' first-come-first-serve policy and it had to suffer a huge loss."The reason for quashing the first-come-first-serve policy, the UASLs and the subsequent allocation of the spectrum are wholly and absolutely attributable to the acts and omissions of the respondent (DoT & Trai) and as a direct proximate result thereof, the petitioner has suffered huge losses and damages," submitted Loop in the petition. It further alleged that due to, "faulty issuance of license and the policy flip-flops of the government, Loop has had to pay a very heavy price" and requested for "compensation of Rs 1,000 crore for loss of reputation" along with 12 per cent interest.A TDSAT bench headed by its Chairman Justice S B Sinha issued notice to the Department of Telecom (DoT) and Telecom Regulatory Authority of India.The tribunal has asked the DoT and Trai to file their reply within four weeks and posted the matter on July 17 for next hearing.
Telecom Argentina Has Returned 38.1% Since SmarTrend Recommendation (TEO) - TMCnet
May 29, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Telecom Argentina (NYSE:TEO) on February 9th, 2012 at $20.17. In approximately 4 months, Telecom Argentina has returned 38.11% as of today's recent price of $12.48.
Over the past year, Telecom Argentina has traded in a range of $12.10 to $26.90 and is now at $12.48, 3% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.8% while the 200-day MA has slid 1.4%.
Telecom Argentina SA provides telecommunications services including local, long-distance and international service in Argentina. The Company, through its subsidiaries, also provides cellular telecommunications services and offers paging services.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Telecom Argentina.
Log in and add Telecom Argentina (TEO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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Bouygues Telecom Selects Acme Packet for IMS Network - Yahoo Finance
BEDFORD, MA--(Marketwire -05/23/12)- Acme Packet® (APKT), the leader in session delivery networks, today announced that Bouygues Telecom, a leading fixed and mobile service provider in France, is deploying Acme Packet Net-Net® Session Director session border controllers (SBCs) in its IP Multimedia Subsystem (IMS) network, supplied and integrated by Alcatel-Lucent. Acme Packet's SBCs fulfill numerous IMS functions at both the access and interconnect borders, ensuring security, interoperability, and quality in the network.
Bouygues Telecom is deploying IMS to support multiple services, including migration of existing residential voice to voice over IP (VoIP), interconnecting with other service providers and launching new services, such as visual voice mail.
The Net-Net Session Director fulfills critical IMS functional requirements at the access and interconnect borders of Bouygues Telecom's network. In the access network, SBCs provide the critical Proxy-Call Session Control Function (P-CSCF) and IMS-Access Gateway Function (AGW) for securing, interoperating, and controlling all SIP-based services to subscribers. The Net-Net Session Director provides Interconnect Border Control Function (I-BCF) and the Transition Gateway (TrGW) for controlling fixed and mobile SIP traffic at interconnect borders, encompassing both internal interconnection between Bouygues' fixed and mobile networks as well as between the IMS network and other service providers.
Bouygues Telecom is using Acme Packet's interoperability feature set that includes SIP normalization and SIP to SIP-I interworking that helps accelerate time-to-market and reduce operational costs as the network expands. Net-SAFE®, Acme Packet's security framework, provides denial of service (DoS) attack prevention, topology hiding, and access control to protect Bouygues Telecom's IMS network and ensure service availability. Other key features include accounting for billing and traffic planning, as well as admission control, routing, and quality of service marking for service level agreement assurance.
"Acme Packet's SBC is a key part of our IMS network, built to enable innovative services and deliver enhanced customer experience to our fixed and mobile customers," commented Jean-Paul Arzel, Bouygues Telecom networks director. "We chose the Acme Packet solution due to their culture of innovation, the rich functionality and scalability of its session border controllers, and the company's impressive track record in enabling trusted, high-quality VoIP, and IP interactive communication services."
"Acme Packet brings extensive experience in helping our customers build next generation communications networks," commented Mario Oliveira, Acme Packet's vice president of Europe, Middle East, and Africa, and Caribbean and Latin America sales. "Our IMS solution portfolio delivers the security, interoperability, and quality functionalities that Bouygues Telecom and leading service providers demand to be successful in their migration to end-to-end IP communications."
About Acme Packet
Acme Packet (APKT), the leader in session delivery network solutions, enables the trusted, first-class delivery of next-generation voice, data and unified communications services and applications across IP networks. Our Net-Net product family fulfills demanding security, service assurance and regulatory requirements in service provider, enterprise and contact center networks. Based in Bedford, Massachusetts, Acme Packet designs and manufactures its products in the USA, selling them through over 220 reseller partners worldwide. More than 1,600 customers in 107 countries have deployed over 16,000 Acme Packet systems, including 88 of the top 100 service providers and 41 of the Fortune 100. For more information visit www.acmepacket.com.
More about Acme Packet:
About Bouygues Telecom
Created in 1994, Bouygues Telecom has 11,304,000 mobile customers and 1,241,000 fixed broadband customers, and over 1,500,000 client companies. Bouygues Telecom is committed to continually enhancing the customer experience for its mobile and fixed telephone, TV and Internet services. Each day, the company's 9,800 employees develop solutions aligned with changing customer needs and deliver efficient support.
After pioneering the mobile talk-plan concept in France in 1996, Bouygues Telecom introduced groundbreaking unlimited call plans: Millennium (1999) and neo (2006).
In 2007, Bouygues Telecom introduced the first fixed-mobile solutions aimed at professionals.
Bouygues Telecom acquired its own fixed network in 2008 and became an Internet Service Provider (ISP), launching the Bbox broadband router.
In 2009, Bouygues Telecom invented the "all-in-one" solution with ideo the first quadruple play offer in the market.
In 2010, Bouygues Telecom launched Bbox fibre, its very-high-speed offer, and began investing in fibre-to-the-home in high-density areas.
In July 2011, Bouygues Telecom introduced mobile telephony "2.0" with B&YOU, the first web-based, SIM-only call plan.
Bouygues Telecom's mobile network covers 99% of the population. Its 3G+ network provides mobile Internet access for 94% of the population.
Bouygues Telecom is the only operator to be awarded "NF Service Centre de Relation Client" certification from French standards agency AFNOR Certification for all its consumer activities (mobile and fixed). Customer relations centres, a distribution network of 630 Bouygues Telecom Club stores, and a website available 24/7 combine to ensure optimum customer service.
Acme Packet Safe Harbor Statement
Statements contained herein that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate to, among other things, expected financial and operating results, expected growth rates, future stock-based compensation and amortization expenses, future business prospects and market conditions. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those anticipated. These include, but are not limited to: the amount of stock-based compensation awarded; the applicable Company stock price used to determine stock-based compensation; the exercise pattern of employee stock options; difficulties expanding the Company's customer base; difficulties leveraging market opportunities; difficulties providing solutions that meet the needs of customers; poor product sales; long sales cycles; difficulties developing new products; difficulties in relationships with vendors and partners; higher risks in international operations; difficulties managing rapid growth; difficulties managing the Company's financial performance; the ability to hire and retain employees and appropriately staff operations; the Company's cash needs; the impact of new accounting pronouncements and increased competition. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in the Company's recent filings with the Securities and Exchange Commission, including those factors discussed under the caption "Risk Factors" in such filings.
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