Jio Satellite Communications is the only satellite communication firm that has favoured auction for the allocation of spectrum while other players in the segment, including telecom operator Bharti Airtel, have opposed it. Elon Musk-owned SpaceX too has suggested an auction model but it is not for the auction of spectrum but bids in the form of a percentage of annual revenue as spectrum value fee in lieu of upfront currency bids. Jio Satellite Communications Limited (JSCL) in its counter-comment submission to the Telecom Regulatory Authority of India (Trai) toed the line of its sister concern Reliance Jio Infocomm to suggest auction as the best and legitimate method to allocate radiowaves frequencies. "We submit that JSCL supports an auction-based process for spectrum assignment for space-based communication services. The auction-based assignment provides equal opportunity to all service providers and brings requisite regulatory certainty and predictability by being a legally sound .
Stocks to watch on June 22, 2023: From Reliance Industries to Tata Consultancy Services, here are the top stocks to watch in Thursday's trading session
DIKSHA offers 9,300 courses in 35 Indian languages and has witnessed 50 billion learning sessions and 60+ billion minutes of usage by students
Some of the prominent Indian stocks that delivered over 10x total returns over a 5-year rolling period since 2000 include Westlife Foodworld, Bharti Airtel, Adani Total Gas, said the report
The latest merger talks with the largest telecom service provider in the island nation can catapult it to top spot
Airtel was the first to roll-out 5G in the country and Chennai was one of the first eight cities to get ultrafast Airtel 5G Plus
Bharti Airtel expects to complete 5G rollout in urban areas and some key rural pockets this year and expects the investment in networks to hover around Rs 28,500 crore, a senior official of the company said on Wednesday. Bharti Airtel Managing Director Gopal Vittal during the company's earning call said that the company's decision to not bid for premium 700 megahertz band spectrum and go for non-standalone 5G network is leading to better coverage at lower cost. "We are already in 3,500 cities and towns out of around 7,000 cities. we will conclude urban coverage this year and some of the key rural pockets," Vittal said. He said that the company has stopped making capacity expansion in 4G network as the company is seeing traffic offload of up to 30 per cent in areas where 5G has been launched. "I think the quarter's capex of Rs 9,000 crore is little elevated, but if you take two full years, the capex is about Rs 28,500 crores for the full year. As I mentioned before, if you take a ..
Return on capital employed is low at 8.5 per cent, and the net debt: Ebitda is at 2.9x, consolidated
Says pricing however remains a challenge with India having the lowest rates for data packs on per GB basis in the world
Strong 4G and postpaid subscriber additions along with healthy FCF generation were the key highlights in Q4.
Stocks to Watch on Wednesday: The Supreme Court will, on Wednesday, hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenburg report
Airtel also recommended a final dividend of Rs 4 per share of face value Rs 5 each
CLOSING BELL: The BSE Midcap, Smallcap indices, however, bucked the trend and ended with a gain of up to 0.2 per cent. Breadth too was marginally positive.
At the bourses, shares of Bharti Airtel have declined 1.86 per cent so far this calendar year (CY23), as against 2 per cent rise in the S&P BSE Sensex
Over 2 million wireless subscribers exited Vodafone Idea in February; Reliance Jio gained 1 million, and Airtel added 982,554 subscribers
Telecom operators Reliance Jio and Bharti Airtel added 19.8 lakh mobile subscribers month-on-month in February, even as Vodafone Idea lost 20 lakh customers, according to data released by Trai on Thursday. India's largest telecom player Reliance Jio added the maximum number of mobile subscribers at about 10 lakh, taking its wireless subscriber tally to 42.71 crore users in February, as against 42.61 crore in January. Sunil Mittal-led Bharti Airtel gained 9.82 lakh mobile users during February and ended the month with a wireless subscriber base of 36.98 crore. Vodafone Idea lost 20 lakh subscribers in the wireless category as its mobile subscriber base shrunk to 23.79 crore, as per data from the Telecom Regulatory Authority of India (Trai). "...the total Broadband Subscribers increased from 839.18 million at the end of January-23 to 839.33 million at the end of February-23 with a monthly growth rate of 0.02 per cent," the release said. The top five service providers constituted 98.
Stocks to Watch: Shares of aviation firms, such as IndiGo, SpiceJet, Jet Airways, are likely to be in focus on May 03 after Go First filed for insolvency proceeding on Tuesday.
Merging operations with Dialog is expected to give Airtel access to a larger user base in island nation
Airtel would accordingly be issued new shares in Dialog upon completion of the transaction
The partnership will enable US enterprises interested in expanding to India and Africa to leverage Airtel's digital infrastructure solution