Five Telecom Operator Facing Charges for Misrepresenting Revenue
The shares of telecom stocks have received a plunge as the Telecom Ministry is planning to issue a show-cause notice to five operators for reporting under performance and revenue. The operators who have become the subject of Ministries scrutiny include Tata, Vodafone, RCom, Bharti and Idea.
AT&T Merger Deal With T-Mobile USA in Trouble Again
There seems to be tough time ahead of AT&T, as a federal judge has accepted the request to freeze the deal of acquiring T-Mobile USA Inc. This comes as nothing less than a shocker for the company as they were expecting to get some breather this time.