Global consultancy firm McKinsey & Company has filed two separate petitions against Reliance Industries (RIL) and Reliance Communications (RCOM) for non-payment of dues worth Rs 27 crore. The firm was hired by RIL in 2001 to offer consultancy for the telecom business, which subsequently went to Anil Ambani after the two brothers split in June […]
McKinsey files wind-up pleas against RIL and RCOM Read More »
With telecom minister A Raja demanding that operators show proof of their commitment towards rural telephony, service providers in turn have demanded increased commitment from the government towards supporting their rural foray. Cellular operators have approached the Department of Telecom (DoT) demanding that in the upcoming tender, which will extend support from the Universal Service
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Saudi Arabia’s second cellular operator has reported a 162% year-on-year jump in quarterly net income for the three months to the end of June. Mobily says that profits rose from USD30.9 million in the second quarter of 2006 to USD81 million in the same period this year. Operating profit was up 40% to USD541 million
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