The scheme is crucial to strengthen the value chain of multiple verticals of 5G equipment. For these, India mainly depends on imports
DGCA's concern comes after the US Federal Aviation Administration (FAA) raised concerns over the last year since telecom operators in the US started rolling out 5G services
It is part of the overhauling exercise being done by the department of telecommunications internally as it looks to simplify procedures and provide ease of doing business to the industry
Telecom Sector in the country will witness more reforms in coming years and the industry too will have to do its bit by improving the quality of service, Ashwini Vaishnaw said
The company had posted a loss of Rs 688.69 crore in the same period a year ago.
The due date has been extended by a day on account of bank holiday on August 16 in Mumbai and Maharashtra circles, according to an official note
With effect from June 15, 2021, the licencee shall only connect trusted products in its network and also seek permission from designated authority for upgradation or expansion of existing network: DoT
The DoT has raised the issue several times in the last 4-5 years and even conducted raids to check illegal sales of these equipment
The norms stipulate a minimum net worth of Rs 100 crore for applicants
Global tech giants want the entire 1200 MHz of spectrum in this band delicensed while Indian telcos want it licensed for 5G services
Sources told PTI that the Department of Telecom is going with Trai-recommended reserve prices to the Cabinet, which will ultimately take a call on these crucial issues related to 5G spectrum auctions
Two official sources acknowledged that Department of Telecom (DoT) is considering auctioning spectrum only up to 27.5 Ghz as sharing between the two services is difficult
The minister said that the Department of Telecom is working as per expected timeline and the process is on to resolve industry concerns around spectrum pricing
Bharti group-backed OneWeb and US-based SpaceX group firm Starlink Satellite Communications are in the fray to start satellite based broadband services in India
The company estimates that the pre-payment will likely result in interest cost savings of at least Rs 3,400 crore
Move follows satellite players' spectrum demand
The Department of Telecom has slashed performance and financial bank guarantee requirement of telecom operators by 80 per cent, according to a licence amendment note issued on Wednesday. Under the amended norms, telecom operators will be required to provide a performance bank guarantee of up to Rs 44 crore for each service for the telecom licence compared to Rs 220 crore mandated under the old rule. Similarly, telecom operators will need to provide a financial bank guarantee of maximum Rs 8.8 crore per circle now, against the previous requirement of Rs 44 crore. The rule will not be applicable in cases where bank guarantees (BG) have been furnished due to any court order or are subject to any litigation, the licence amendment note said. The rules will not apply to telecom operators, who are currently going through the liquidation process. The move will unblock the cash of telecom operators that they keep with banks to furnish BGs.
The move is expected to ease financial burden on the telecom sector and promote ease of doing business.
Matters are also a bit complicated since Telecom Secretary Anshu Prakash is due to retire at the end of September
DoT announced operational guidelines for Production Linked Incentive Scheme for telecom and networking equipment, notified on February 24 this year after extensive consultations with stakeholders