OUR DELHI BASED INSIDER HAS GIVEN FOLLOWING TELECOM APPLICANT DETAIL
The rush to enter the world's fastest-growing mobile services market has attracted a wide range of applicants for telecom licences with the Department of Telecommunications.
Among the 46 applicants is a company chaired by telecom consultant Sam Pitroda, Orissa cable TV promoter Jaggi Panda and J H Dalmia of Dalmia Cement (Bharat) Ltd.
Other lesser-known applicants like Mukesh Bhandari of Electrotherm India and software exporters V Madhavi and V Satish Kumar of Prithvi Information Solutions Ltd.
Silicon Infoways promoted by Halycon Asia Investment, Delhi-based Anjney Loys Pvt Ltd and Meta Telecom promoted by Amit Gupta and Dalto Thread Ltd are also among the other applicants.
In some cases, the same group has filed more than one application. For instance, Unitech Ltd has applied for 22 licences through eight companies.
The Mittal family, better known for its steel acumen, is also in the fray. Three companies -- Ispat Industries Ltd Balasore Alloys Ltd and Gontermann-Peipers (India) Ltd -- owned by Pramod and Vinod Mittal have put in three separate applications for nine licences, according to the details available with *Business Standard*.
Elder brother and one of the world's richest Indians, Lakshmi Mittal, is also in the fray through a minority stake in Indiabulls Real Estate Ltd, which has applied for 22 licences through a company called Selene Infrastructure Ltd.
Meanwhile, B K Modi-promoted MCorp Global has applied for 20 and 22 licences respectively through existing player Spice Communications Pvt Ltd and another company, Cellebrum.Com Pvt. Ltd.
"Cellebrum.com will offer third-generation mobile services,"
Aviation entrepreneur Ajay Singh and partners -- Ashish Singh, Praveen Singh and Ashish Deora -- own 25 per cent each in Allianz Infratech (P) Ltd which has applied for 22 licences.
Ortel's Jaggi Panda, wife of young Parliamentarian Jay Panda, said the move to apply for mobile licences made sense.
While DoT has figured out most companies, officials are learnt to be seeking more details for others. For instance, S Tel Ltd, an applicant for 22 licences, is 51 per cent owned by a private Indian company, Skycity Foundations.
The remaining 49 per cent is owned by Telecom Investments (Mauritius) Ltd, a company that has invested in the Indian telecom services market in the past.
Nearly a dozen applicants have neither given the net worth of their promoters nor of the applicant company.
The norms require a minimum net worth requirement of Rs 1,380 crore for a nationwide tele
Saturday, November 3, 2007
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