iWorld
Spectrum sharing may soon become a reality for telcos
NEW DELHI: After receiving some clarifications from the Telecom Regulatory Authority of India (TRAI), the Government is understood to be giving last minute touches to a policy of sharing of airwaves, or radio frequency spectrum, among operators.
While the Telecom Commission has cleared the policy, a cabinet note is being prepared to get approval of the Union Cabinet.
TRAI has said that it can improve cellphone services, check call drops and also lower tariffs.
“We have finalised our view on spectrum-sharing and trading guidelines. We will try to send the norms to the Cabinet by the month-end,” Telecom secretary Rakesh Garg said after a meeting of an inter-ministerial panel to deliberate on the issue.
TRAI had in July last year made its suggestions under which two licensees in an area with the same band of spectrum could pool or trade this scarce resource. “The basic objective of spectrum sharing is to provide an opportunity to telecom service providers to pool their spectrum holdings and gain better spectral efficiency. Spectrum sharing would involve both the service providers utilising the spectrum,” the regulator said while ruling out leasing of spectrum permitted.
Following the recommendations and comments from the operators, the Commission had sought some clarifications from TRAI in April.
In March this year, the government had conducted e-auction of spectrum for telecom operators that spanned 19 days and got a record commitment of nearly Rs 110,000 crore.
Radio frequency spectrum is a band of electromagnetic airwaves, used to transmit signals. The mobile phone you make and receive calls from, the FM radio, the TV programmes you watch or the GPRS devices you use, all function by receiving and transmitting these invisible signals.
Gaming
MTG gaming chief Benninghoff joins NODWIN board as esports firm primes for IPO
The Gurugram-based esports firm is pursuing a public listing, has returned to profitability and is growing revenues by 42 per cent
GURUGRAM: NODWIN Gaming is moving fast. The Gurugram-based gaming and esports company has launched a pre-IPO fundraising round, appointed UBS as lead adviser for both the round and a subsequent public listing, and landed a heavyweight board director, all in one go.
The new board member is Arnd Benninghoff, executive vice president of gaming at Stockholm-listed Modern Times Group (MTG), who has overseen the group’s strategic investments and portfolio growth since 2014. He is no stranger to building things: Benninghoff has founded and built fifteen companies, served as chief digital officer at ProSiebenSat.1 Media AG, managing director of SevenVentures, and chief executive of Holtzbrinck eLAB. He began his career as a journalist at Deutsche Presse Agentur and various TV networks, holds a Diplom-Kaufmann in business and administration from the University of Münster, and previously sat on the board of Edgeware AB.
The numbers back the ambition
NODWIN is not pitching a story without substance. The company has returned to EBITDA profitability and posted a 42 per cent year-on-year revenue surge, reaching $58.5m in the first nine months of FY2026. The pre-IPO round will combine a primary issuance to fund global expansion through organic growth and acquisitions, alongside a secondary sale to give existing shareholders some liquidity.
Akshat Rathee, co-founder and managing director of NODWIN Gaming, said Benninghoff understands “the entire lifecycle of the gaming and media ecosystem, from the boots-on-the-ground reality of building startups to the strategic complexity of managing multi-billion dollar global portfolios.”
Benninghoff, for his part, said the company “sits at the intersection of sports, entertainment, and technology, making it one of the most exciting players in the global gaming landscape today.”
A portfolio built for the global south
Founded in 2014 by Rathee and Gautam Virk, NODWIN has quietly assembled one of the more compelling esports portfolios outside the Western hemisphere. Its properties include DreamHack India and Comic Con India, and it recently acquired StarLadder, the Ukraine-based tournament organiser behind premier events in CS:GO and Dota 2. The company also serves as a long-term strategic marketing partner for the Evolution Championship Series (EVO), the world’s most prominent fighting game tournament, helping push it into new geographies.
Its geographic focus spans South Asia, Central Asia, Southeast Asia, the Middle East and Africa. Backers include Nazara Technologies, KRAFTON, Sony Group Corporation, JetSynthesys, and the founders’ investment vehicle Good Game Investments.
What comes next
With UBS running the books, a board freshly reinforced with European media and gaming expertise, and revenue heading in the right direction, NODWIN is laying the groundwork deliberately. The esports industry has burned investors before with big promises and thin margins. NODWIN’s return to profitability, combined with a real portfolio of owned intellectual properties across gaming, music and youth culture, gives it a more credible runway than most. The IPO clock is now ticking.
