Reliance to go global with MTNL
Thursday, September 14, 2006
Just like the ONGC-Videsh deal between ONGC and Mittal Steel, the junior scion of the Ambani clan, Anil Ambani, has signed a deal with MTNL to jointly look for telecom opportunities in the global markets. Both the companies have good services experience but hardly have any R&D spending or telecom products to invade the west.
Meanwhile, the Department of Telecom has initiated enquiries against Bharti-Airtel, Reliance Telecom and VSNL for reselling telecom services to foreign carrier to access customers located in India and also in viloation of service taxes. We pay flat 12% service tax and our mobiel service providers pocket them :-)
Meanwhile, the Department of Telecom has initiated enquiries against Bharti-Airtel, Reliance Telecom and VSNL for reselling telecom services to foreign carrier to access customers located in India and also in viloation of service taxes. We pay flat 12% service tax and our mobiel service providers pocket them :-)