All the major Asian stock markets have opened the day on a weak note with the markets in Japan (down 1.2%), Malaysia (down 2.1%) and Taiwan (down 2.3%) leading the losses. The Indian share markets have also opened the day on a negative note. Barring the IT and Teck indices, all sectoral indices are trading in the red with auto and realty indices leading the losses.
Telecom stocks have opened the day mainly in the red with AGC Networks and Bharti Airtel Ltd leading the losses. As per a leading financial daily, Bharti Airtel has sought immediate allocation of 1,800 MHz spectrum it had won in Delhi and Kolkata circles during the February auctions. The company has also sought continuation of existing 900 MHz band in these two circles for another six months for smooth migration. In separate news, Bharti Airtel has entered into a partnership pact with the Telangana government for the first public Wi-Fi in the state. At present, the pilot is in progress at 17 tested hotspot locations in Hyderabad that allow users to access Internet upto 750 MB per day across operators. The move is a part of the state government's broader agenda of allowing citizens to experience a multitude of web opportunities making Hyderabad a leading digital city. The smartphone, tablet, and other WiFi-enabled device users would be able to connect to data across these 17 locations.