The tribunal also directed five operators—Airtel, Vodafone, Idea, Aircel and Tata Tele—to hand over copies of their 3G roaming agreements to the DoT. It also said that DoT, as per its earlier statement, would maintain confidentiality of the agreements
New Delhi: The Telecom Dispute Settlement and Appellate Tribunal (TDSAT) today dismissed government’s plea challenging its jurisdiction to decide on third generation (3G) roaming dispute, but directed operators to submit copies of their agreements to the Department of Telecom (DoT), reports PTI.
Dismissing the application, a two-member bench headed by justice SB Sinha held that the tribunal has power to decide over DoT’s direction on intra-circle 3G roaming agreements among operators.
“We are of the opinion that this tribunal (TDSAT) has jurisdiction to decide on this matter (3G roaming dispute).
Thus, the applications are dismissed,” the bench said.
The tribunal also directed five operators—Airtel, Vodafone, Idea, Aircel and Tata Tele—to hand over copies of their 3G roaming agreements to the DoT. It also said that DoT, as per its earlier statement, would maintain confidentiality of the agreements.
DoT had questioned the jurisdiction of TDSAT saying that the tribunal has no power to look into the licence terms and conditions entered among the operators and the DoT.
The department had requested TDSAT to provide copies of agreements on 3G roaming among private operators, a move that was opposed by them fearing leakage of commercial information to rivals.
The TDSAT had also gave a lifeline to private telecom operators by extending its interim order that restrained DoT from taking any coercive action against them.
Last year, passing an order on 24th December, the tribunal had directed DoT not to take any coercive action against telecom operators.
A day prior to that the government had asked five telecom operators to stop their inter-circle roaming on 3G bandwidth within 24 hours and it was challenged by Airtel, Vodafone, Idea, Aircel and Tata Tele before TDSAT.
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For the fourth quarter ending 31st March, Wipro expects revenues from IT services business to be in the range of $1,520 million to $1,550 million, a sequential increase of 1% to 3%, the company said in its filing with the exchanges
Mumbai: IT major Wipro today reported 10.43% increase in consolidated net profit to Rs1,456.40 crore for the third quarter ended 31 December 2011 compared to Rs1,318.80 crore in the corresponding quarter of the previous fiscal, reports PTI.
For the fourth quarter ending 31st March, Wipro expects revenues from IT services business to be in the range of $1,520 million to $1,550 million, a sequential increase of 1% to 3%, the filing added.
“We continue to execute on our strategy and propel the business towards a higher growth trajectory. The overall macro-economic sentiments continue to be uncertain and we are monitoring it closely,” Wipro chairman Azim Premji said.
Net income from sales rose to Rs9,997.20 crore for the December quarter against Rs7,829.30 crore in Q3 FY10-11, it said.
The board of directors have proposed an interim dividend of Rs2 per equity share and ADR (100% on an equity share of par value of Rs2).
IT services business, which contributed 76% of the total revenue during the reporting quarter, added 39 new clients, the company said.
“Our client mining strategy continues to show progress with six customers contributing more than $100 million of revenues. We have improved operating margins through improved revenue productivity and currency benefit,” Wipro executive director and chief financial officer Suresh Senapaty said.
The company’s IT services revenue grew by 12% at $1.5 billion million over the same period last year.
The company added 5,004 employees in the quarter taking the total headcount to 1.36 lakh employees as of 31st December.
“We saw broad-based growth with five of the six verticals growing upwards of 4% in constant currency.
“Revenues in constant currency exceeded the guidance range. We have seen positive feedback from customers and employees on our restructuring approach,” Wipro executive director and CEO IT Business TK Kurien said.
The scrip surged over 5% in morning trade after the company reported 10.43% increase in consolidated net profit for the third quarter ended 31 December 2011.
The shares of the country’s third largest software services exporter rallied 5.14% to an early peak of Rs424.90 on the BSE. On the NSE, too, the stock advanced by 5.13% to Rs424.90.
“The company has guided for muted Q4 FY11-12. We believe better than peers guidance indicates restructuring working well for Wipro,” brokerage firm Prabhudas Lilladher said in a report.
“However, IT services revenue growth as well as profit after tax missed our expectations by a whisker,” it added.