On September 19, 2007, the press release for approval of dual technology was issued but a day earlier on September 18, 2007 itself, Raja had granted in-principle approval for dual technology (licence) for Reliance, HFCL
and Shyam Tele link," said Lalit.
Release date- 18022009 - Bangalore, India -The HFCL
Group, a leading player in the telecom sector in India, has selected IBM to integrate and implement innovative blade server technology to help reduce its operational costs and 'Go Green' while increasing efficiency.
QUALCOMM said the agreement will enable HFCL
to join the growing 3G CDMA market and allow it to provide feature-rich and affordable wireless products to Indian operators, alongside other manufacturers.
The licensing agreement will reportedly allow HFCL
to participate in the rapidly growing 3G CDMA market and enable it to join other manufacturers in providing Indian operators with affordable wireless products.
Indian wireless and wireline carrier HFCL
Infotel has deployed advanced messaging and conferencing features from enhanced services provider IP Unity and systems integrator ORG Telecom.
These included names like Global Telesystems, Zee Telefilms, HFCL
, Silverline, Satyam Computers, Aftek Infosys, DSQ Software, Ranbaxy, Pentamedia Graphics and Visual Soft.
The buyout happened in between the period when Datacom promoter Mahendra Nahata, who owns HFCL
, applied for and was issued licence for 22 circles.
According to the CAG report on the spectrum scam, four companies, which included Reliance Communications Ltd, Tata Teleservices, Shyam Telelink and HFCL
Infotel, were providing CDMAbased mobile service under UAS licence.
New Delhi- based Infotel is owned by Anant Nahata, the son of Mahendra Nahata, managing director of Himachal Futuristic Communications Ltd ( HFCL
), but is said to have no connection with HFCL
While Etisalat and Videocon have bid for 3G spectrum only, US- based chip maker Qualcomm, HFCL
, Tikona and Spice are understood to have submitted their applications for BWA.
The Securities and Exchange Board of India ( Sebi) found prima facie evidence of price- rigging scrips of some K- 10 scrips such as that of Global Trust Bank, Zee Tele Films and HFCL
, but Satyam managed to wriggle out of the case using its good offices with the powers- that- be those days.