Telcom Industry

ICIL, a company belonging to telecom czar Sunil Bharti Mittal's family office, on Wednesday sold 3.43 crore equity shares, or 0.56 per cent stake, in Bharti Airtel for about Rs 7,190 crore (USD 806 million). After the share sale, Bharti Airtel's scrip fell 3 per cent to Rs 2,097.50 apiece on the NSE while it dipped by 2.81 per cent to Rs 2,100 per share on the BSE. The Indian Continent Investment Ltd (ICIL) is one of the promoter entities in city-based Bharti Airtel. Under the transaction, the share sale comprises up to 34.3 million (3.43 crore) shares, representing 0.56 per cent of the outstanding share capital by the selling shareholder. The shares were offloaded at a floor price of Rs 2,096.70 per share, a 3 per cent discount to Bharti Airtel's closing price of Rs 2,161.60 apiece on the NSE on Tuesday, according to a term sheet seen by PTI. The transaction is pegged at around USD 806 million, or about Rs 7,189.19 crore. ICIL owned a 1.48 per cent stake in Airtel at the end of

Telecom service providers must rethink providing connectivity not as a commodity but as a constitutional commitment keeping in mind key factors like affordability, availability, accessibility with blazing data speeds, Union minister Jyotiraditya Scindia said on Tuesday. While speaking at an event organised by internet service providers body ISPAI and government-backed Nixi, the minister said five days ago India has moved from being the 5th largest economy in the world to become the 4th largest, and he takes pride in representing telecom which is growing at compound annual growth rate (CAGR) of 14 to 16 per cent as well as with the CAGR of 12-13 per cent in northeast. "You are the engineers of equity. You are the builders of bridges. And you are the keepers of the digital flame of India. Reimagine connectivity not necessarily as a commodity but a constitutional commitment," the minister said. He asked telecom operators and internet service providers (ISP) to follow six foundational .

Union minister Jyotiraditya Scindia said investing in India today is not just about goodwill, but a sound economic decision for every original equipment manufacturer

Private telecom operators Reliance Jio, Bharti Airtel and Vodafone Idea have published 5G, 4G and 2G network coverage maps in compliance with sector regulator Trai order, while public sector firms BSNL and MTNL are yet to publish it. The Telecom Regulatory Authority of India (Trai) in a revised regulation on service quality norms for landline, mobile and broadband in August 2024, had mandated telecom operators to publish service-wise geospatial coverage maps on their websites on where wireless voice or wireless broadband service is available for subscription by consumers. "In a significant move to enhance transparency and empower mobile subscribers, Telecom Service Providers (TSPs) have published mobile network coverage maps on their websites, as per the mandate given by the Telecom Regulatory Authority of India (TRAI)," the regulator said in a statement. As per the details shared by Trai, Bharti Airtel, Reliance Jio and Vodafone Idea have published the coverage, while state-run BSN

Once the DoT's draft note receives Cabinet nod, telecom operators will no longer need to provide bank guarantees for securing deferred spectrum payment instalments

Telecom regulator Trai's new quality of service norms with stricter provisions have come without much change in challenges that telecom operators face on ground in terms of roll-out, illegal transmitters etc, industry body COAI said on Sunday. The Telecom Regulatory Authority of India (Trai) has issued new quality of service rules on Friday, making it mandatory for telecom operators to compensate subscribers in case of service outages for more than 24 hours at a district level. Trai has also increased the penal amount to Rs 1 lakh from Rs 50,000 for failing to meet each quality benchmark under the new rules. The regulator has introduced a graded penalty system of Rs 1 lakh, Rs 2 lakh, Rs 5 lakh and Rs 10 lakh for different scales of rule violations and submitting false report under revised regulations -- "The Standards of Quality of Service of Access (Wirelines and Wireless) and Broadband (Wireline and Wireless) Service Regulations, 2024". Cellular Operators Association of India ..

6G adoption to eclipse 5G and lead to convergence of satcom and terrestrial networks

Talks between Vodafone Idea Limited and its lenders to raise Rs 10,000 crore in debt have been ongoing for more than 9 months

Vodafone Idea is slated to report its Q1FY23 earnings on August 3, whereas Bharti Airtel would report its results on August 8

India's first auction of 5G spectrum fetched the govt much more than what it expected. One-third of the total spectrum by value has been bought by top telcos on Day 1. Let's find out more

In the wake of a violent volcanic eruption in Tonga, much of the communication with residents on the islands remains at a standstill

The consolidated revenue from operations ofVIL declined by about 14 per cent to Rs 9,152.3 crore during the quarter from Rs 10,659.3 crore in corresponding quarter of 2020-21

Fifteen telecom companies owe the government Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges.

From financial relief to telcos to states considering legal action against Centre for delay in GST dues, Business Standard brings you the top business headlines for the day

After consolidation in the sector, Voda-Idea, Airtel and Jio are unlikely to find easy pickings

Telecom firms together carry a debt of approximately Rs 5 lakh cr, say industry sources

The battered sector needs an investment of over Rs 50,000 cr annually