GECs
HT Mobile selects Intec architecture solution
MUMBAI: Intec, a BSS/OSS software vendor for fixed, mobile and next-generation networks, announced today that HT Mobile, Vietnam’s newest nation-wide mobile communications service provider has selected Intec’s full suite of billing and operations support systems, including interconnect, mediation, convergent billing, and charging solutions and the provision of managed services.
The Intec solution architecture will form a part of the operator’s strategy to offer advanced mobile services in Vietnam.
This new contract further adds to Intec’s long-term relationship with the Hutchison Group, particularly its market-leading 3G operations. Intec provides both retail and interconnect billing, plus convergent mediation, to a number of ‘3’ branded operations, including the UK, Australia, Austria, Sweden, and Italy.
Together the two companies have developed unmatched expertise in the creation of an advanced BSS/OSS architecture that delivers a wide variety of next-generation mobile services to both pre-paid and post-paid customers.
HT Mobile recently launched its advanced CDMA2000 1XEV-DO network in Vietnam, with a network presence in all 64 provinces together with a suite of products and services ranging from prepaid, postpaid, SMS and MMS to high-speed internet as well as infotainment services. The adoption of the Intec Solution Architecture is driven by a compelling need to reduce operational complexity, total cost of ownership, increase service flexibility, reduce and facilitate rapid launch and revenue generation IP-based third generation services.
HT Mobile CEO Elizabete Fong says, “We chose Intec because of its proven track record as an established BSS/OSS vendor across the globe, and because its integrated solution architecture offers us a proven solution based on best-of-breed components. We are confident that its experience will help us to rapidly address the needs of the developing communications market in Vietnam.”
Intec CPP Asia Pacific Norm Halvorson said, “Intec is delighted to work with HT Mobile to deliver leading edge technology, robust performance and benefits of next generation services to a broader section of the Vietnamese society. Our carrier-grade, next-generation BSS/OSS solution supports the business strategies of the world’s leading carriers and Intec remains committed to continue to enable the rapid rollout of new and innovative services.”
GECs
Sebi sends show-cause notice to Zee over fund diversion, company responds
Regulator questions 2018 letter of comfort and governance lapses; company vows robust legal response
MUMBAI: India’s markets watchdog has reignited its long-running scrutiny of Zee Entertainment Enterprises, issuing a sweeping show-cause notice that drags the broadcaster and 84 others into a widening governance storm.
The notice, dated February 12, has been served by the Securities and Exchange Board of India to Zee, chairman emeritus Subhash Chandra and managing director and chief executive Punit Goenka, among others. At its heart: allegations that company funds were indirectly routed to settle liabilities of entities linked to the Essel Group.
The regulator’s probe traces its roots to November 2019, when two independent directors resigned from Zee’s board, flagging concerns over the alleged appropriation of fixed deposits by Yes Bank. The deposits were reportedly adjusted against loans extended to Essel Group entities, triggering questions about related-party dealings and board oversight.
A key flashpoint is a letter of comfort dated September 4, 2018, issued by Subhash Chandra in his dual capacity as chairman of Zee and the Essel Group. The document, linked to credit facilities availed by certain group companies from Yes Bank, was allegedly known only to select members of management and not disclosed to the full board—an omission SEBI believes raises red flags over transparency and governance controls.
Zee has pushed back hard. In a statement, the company said it “strongly refutes” the allegations against it and its board members and will file a detailed response. It expressed confidence that SEBI would conduct a fair review and signalled readiness to pursue all legal remedies to protect shareholder interests.
The notice marks the latest twist in a saga that has shadowed the broadcaster since 2019. What began as boardroom unease has morphed into a full-blown regulatory confrontation. The final reckoning now rests with SEBI—but the reputational stakes for Zee, and the message for India Inc on governance discipline, could scarcely be higher.
