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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
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XL Energy (XL Telecom and Energy Ltd) Rejigs operations to focus on solar energy segment, to exit telecom:

http://www.thehindubusinessline.com/2010/06/29/stories/2010062953030200.htm 

This is for those who spreads nonsense about this wonderful turnaround company......!!
XL Telecom Energy Ltd has restructured its business operations to focus on the solar energy segment and has decided to change its name to XL Energy Ltd.
The board of directors approved this move and has convened an extraordinary general meeting on July 23, to seek approval for the name change and to hike the authorised capital from Rs 30 crore to Rs 150 crore.
Meanwhile, the company, which has negotiated with several banks including SBI and Canara Bank for corporate debt restructure, has raised Rs 49 crore by issuing cumulative redeemable preference shares of Rs 10 each, to banks.
The Managing Director of XL Telecom & Energy Ltd, Mr K. Vasudeva Rao, told Business Line that the company has had a few tough quarters which put considerable pressure on company finances and debt. This has necessitated renegotiation with banks for corporate debt restructure (CDR).
“The CDR would help the company focus on its business. With new orders coming through from overseas, XL expects to improve performance by next quarter. The company has a manufacturing facility for solar power generation panels. With fresh interest in the solar cell business coming up, we believe the next quarter will help company improve its performance,” he said.
The management has decided to exit the telecom business where it was supporting mobile handset work through a tie-up with Kyocera.
However, in view of the changed business environment, the company has decided to concentrate on the solar power segment. “Therefore, we have decided to change the company name,” he said.
Mr Rao said XL has opened subsidiaries in Canada and Australia to tap into the solar power generation business as a supplier.

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