News In Brief: Ofcom, Bharti Airtel, M2 Telecom, GTL Infrastructure
UK regulator Ofcom today gains the right to fine companies up to £2 million (€2.3 million) for breaching rules governing silent phone calls. The previous maximum fine of £50,000 was raised in the wake of growing consumer complaints.
Indian carrier Bharti Airtel claims to have launched the nation’s first mobile wallet service. Airtel money allows users to top up their airtime, pay utility bills and purchase goods in shops.
Australia's M2 Telecom is on the verge of announcing a multi-million dollar takeover of rival Clear Communications, The Australian reports.
GTL Infrastructure and Viom Networks have submitted initial bids to buy Vodafone Essar's 7,000 telecom towers in India, Livemint.com reports citing internal sources.