Lufthansa Technik AG announced that it was setting up a 5G private network which would be operated by Vodafone plc and use Nokia Oyj equipment
Nelco has tied up with Canadian-based satellite operator Telesat and will offer broadband services in 2024
The company estimates that the above prepayments will result in interest cost savings of around Rs 1,200 crore
Currently, the Aditya Birla group holds around 27.7 per cent while Vodafone Group holds 44.3 per cent in the telco
The company estimates that the pre-payment will likely result in interest cost savings of at least Rs 3,400 crore
Bharti Airtel has already decided to opt for a four-year moratorium on spectrum and adjusted gross revenue dues payable to the government
Telcos have also been given 90 days time to indicate if they want to opt for converting the interest amount pertaining to the moratorium period into equity
Telcos have been given time till October 29 to communicate whether they wish to avail a moratorium on payment of spectrum dues and AGR
Company spent Rs 5,200 crore on interest payment in Q1, equal to 57% net sales
Currently, DoT allocates airwaves by administered price mechanism
Mittal had said, with Airtel setting up only two ground stations for uplinking in rural areas, the requirement for spectrum was minimal and different from terrestrial mobile services
Airwaves for satellite-based services should be allocated judiciously
The Railways will utilise the allotted spectrum to provide long-term evolution (LTE) based Mobile Train Radio Communication on its route. The project is estimated to cost around Rs 25,000 crore.
The operators will also be permitted to use their existing spectrum (800 MHz, 900 MHz, 1800 MHz and 2500 MHz) for conducting 5G trials
We are losing out on so much of our potential because of regulatory constraints
Promoters to dilute stake post conversion
India's first auction of spectrum in five years attracted Rs 77,146 crore of bids on the opening day on Monday with Reliance Jio, Bharti Airtel and Vodafone Idea putting in bids. Over 2,250 MHz of spectrum, that carry telecom signals, in seven bands worth nearly Rs 4 lakh crore at reserve or start price, was offered for bidding in the auction that began on Monday. Telecom Minister Ravi Shankar Prasad said Rs 77,146 crore worth of spectrum was bid on the first day but there were no takers for the airwaves in the premium 700 and 2500 MHz bands. The auction, he said, will continue on Tuesday. Bids were received in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz bands. About one-third of the spectrum being auctioned is in the 700 MHz band, which was completely unsold during the 2016 auctions. This, analysts said, was mostly because operators are unlikely to diversify into a new spectrum band that would require incremental investment in equipment, when other sub-GHz bands are availa
Telecom operators will need to submit their application by February 5 for participation in the auction
Service delivery is lost in pursuing auctions
Such telcos should pick up AGR bill, says apex court