Indian Stock Market Blog: TRAI says no question of letting MVNOs own spectrum

Monday, June 16, 2008

TRAI says no question of letting MVNOs own spectrum

Monday, Jun 16.

NEW DELHI - The Telecom Regulatory Authority of India has ruled out allowing ownership of spectrum by mobile virtual network operators.

"There is no question of ownership of spectrum by MVNOs," TRAI Chairman Nripendra Misra said after an open house discussion on allowing MVNOs in India.

An MVNO is a company that buys airtime from an existing mobile services provider, and offers the same to its customers without setting up its own infrastructure.

On a media report that the regulator has given its approval to the Tata Teleservices-Virgin Mobile deal that was alleged to be based on an MVNO model, Misra said, "It never needed our approval. It was never under our scrutiny. It's the licensor's (department of telecommunications')
job."

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RESULTS: Actuals vs Estimates - from IndiaEarnings



Punj Lloyd
Net Sales	2,346.70	2,280.00	2.93
Net Profit	117.00	105.00	11.43


Larsen
Net Sales	8,467.00	7,866.00	7.64
Net Profit	967.00	846.00	14.30


ITC
Net Sales	3,934.00	3,909.30	0.63
Net Profit	735.00	749.20	- 1.90


Bank of Baroda
Net Interest Income	1,028.50	1,080.90	- 4.85
Net Profit	276.00	346.42	- 20.33


Suzlon Energy
Net Sales	4,923.70	4,785.40	2.89
Net Profit	464.80	487.20	- 4.60


SAIL
Net Sales	13,550.00	13,497.50	0.39
Net Profit	2,376.80	2,606.10	- 8.80


Chennai Petro
Net Sales	8,399.50	7,785.00	7.89
Net Profit	343.90	201.70	70.50


PNB
Net Interest Income	1,517.00	1,455.80	4.20
Net Profit	544.00	351.20	54.90


Kotak Mahindra
Net Interest Income	636.20	445.30	42.87
Net Profit	240.00	221.30	8.45


Ashok Leyland
Net Sales	2,562.00	2,530.00	1.26
Net Profit	180.50	165.00	9.39


Shree Cements
Net Sales	650.00	624.00	4.17
Net Profit	41.00	118.00	- 65.25


Union Bank
Net Interest Income	854.39	827.68	3.23
Net Profit	521.10	280.52	85.76


DLF
Net Sales	4,372.00	3,704.60	18.02
Net Profit	2,177.00	2,039.17	6.76


Patni Computer
Total Revenue	693.35	698.00	- 0.67
Net Profit	80.12	82.70	- 3.12


Grasim
Net Sales	2,742.35	2,675.00	2.52
Net Profit	487.00	498.00	- 2.21


ICICI Bank
Net Interest Income	2,079.50	2,203.65	- 5.63
Net Profit	1,150.00	975.20	17.92


Wockhardt
Net Sales	785.70	741.00	6.03
Net Profit	50.90	87.00	- 41.49


HUL
Net Sales	3,793.90	3,623.90	4.69
Net Profit	380.90	389.50	- 2.21


Reliance Infra
Total Revenue	1,614.00	1,708.00	- 5.50
Net Profit	311.00	223.60	39.09


Andhra Bank
Net Interest Income	414.90	383.77	8.11
Net Profit	124.25	155.50	- 20.10


Bharti Airtel
Total Revenue	7,819.00	7,549.70	3.57
Net Profit	1,853.00	1,789.70	3.54


Hero Honda
Net Sales	2,788.65	2,740.00	1.78
Net Profit	298.70	250.00	19.48


Idea Cellular
Net Sales	1,985.30	1,869.10	6.22
Net Profit	278.00	259.60	7.09


HDFC Bank
Net Interest Income	1,642.10	1,613.50	1.77
Net Profit	471.10	471.90	- 0.17


Oriental Bank
Net Interest Income	437.06	414.75	5.38
Net Profit	204.50	152.58	34.03


Indian Bank
Net Interest Income	513.21	617.67	- 16.91
Net Profit	241.67	296.37	- 18.46


UltraTechCement
Net Sales	1,602.00	1,540.00	4.03
Net Profit	283.00	278.00	1.80


Ranbaxy Labs
Net Sales	1,623.10	1,731.00	- 6.23
Net Profit	153.00	139.00	10.07


TCS
Total Revenue	6,094.70	6,220.80	- 2.03
Net Profit	1,255.90	1,345.80	- 6.68


Biocon
Net Sales	266.60	284.30	- 6.23
Net Profit	65.30	64.00	2.03


Reliance
Net Sales	37,286.00	36,319.00	2.66
Net Profit	3,912.00	4,067.70	- 3.83


Axis Bank
Net Interest Income	828.40	784.20	5.64
Net Profit	361.40	300.50	20.27


Satyam
Net Sales	2,416.00	2,353.20	2.67
Net Profit	466.90	488.10	- 4.34


Wipro
Total Revenue	5,691.90	5,628.50	1.13
Net Profit	880.00	872.00	0.92


MindTree
Total Revenue	217.80	199.50	9.17
Net Profit	34.70	26.70	29.96


Power Finance
Net Interest Income	516.00	543.70	- 5.09
Net Profit	297.64	359.25	- 17.15


Aztecsoft
Net Sales	68.70	67.80	1.33
Net Profit	3.15	4.50	- 30.00


Infosys
Total Revenue	4,542.00	4,527.40	0.32
Net Profit	1,249.00	1,253.80	- 0.38

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Monday, June 16, 2008

TRAI says no question of letting MVNOs own spectrum

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