Page 32 - Telecom Industry
Telecom industry urges govt to facilitate funding at lower interest rate
Representatives from the industry met telecom ministry officials to communicate their suggestions to help the debt-ridden sector
 "Telecom industry urges govt to facilitate funding at lower interest rate")
We're killing telecom industry, need Trai intervention: Sunil Mittal
Industrialists talk ease of doing business; trade bodies stress on minimum wages, I-T ceiling
 "We're killing telecom industry, need Trai intervention: Sunil Mittal")
Offering five times more free outgoing calls than rivals: Reliance Jio
The Mukesh Ambani-led telecom operator added that its new plan are offering up to 25 per cent more value than that of rivals
 "Offering five times more free outgoing calls than rivals: Reliance Jio")
Time to tango
A collaborative mindset similar to that of Japan could take India into a completely different orbit in the global digital ecosystem
 "Time to tango")
Vodafone Idea will continue to face multiple challenges despite price hike
SIM consolidation, inferior network and negative free cash flows even after hike are the key worries for the market
 "Vodafone Idea will continue to face multiple challenges despite price hike")
After $13-bn AGR hit, future of India's tattered telecom hinges on govt aid
Vodafone Idea this month booked a $7 billion quarterly loss, the biggest in Indian corporate history, in large part due to provisions for payments owed
 "After $13-bn AGR hit, future of India's tattered telecom hinges on govt aid")
Non-telecom PSUs facing AGR crisis plan to oppose DoT's higher licence fee
On October 24, the Supreme Court ruled that AGR for telcos should include all revenue accrued to carriers, including that from non-core activities, backing the DoT's stance in a 16-year-old case
 "Non-telecom PSUs facing AGR crisis plan to oppose DoT's higher licence fee")
CoS on telecom relief package for SC's AGR ruling disbanded: Govt source
In October, the government had constituted a committee of secretaries (CoS) - headed by Cabinet Secretary Rajiv Gauba - to explore a financial bailout package for the telecom sector
 "CoS on telecom relief package for SC's AGR ruling disbanded: Govt source")
Over 92,000 employees of BSNL, MTNL opt for voluntary retirement scheme
he 'BSNL Voluntary Retirement Scheme - 2019', that was rolled out recently, will remain open till December 3
 "Over 92,000 employees of BSNL, MTNL opt for voluntary retirement scheme")
Explained: Is mobile tariff hike by Airtel, Vodafone Idea justified?
Telcos have reduced their tariffs so much that they earn only Rs 75 per user per month, nationally
Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more
From Rs 2.5 trillion loan disbursement by PSUs to DHFL's audit report, Business Standard bring you the top business headlines for the day
 "Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more")
Airlines may go telcos' way if low-fare regime does not end: SpiceJet CEO
If Indian airlines do not follow pricing discipline, they will see a similar financial strain: Ajay Singh
 "Airlines may go telcos' way if low-fare regime does not end: SpiceJet CEO")
Under financial stress, Voda-idea to 'suitably raise tariff' from Dec 1
The company, however, did not disclose the range or details of the proposed tariff hike
 "Under financial stress, Voda-idea to 'suitably raise tariff' from Dec 1")
Bharti Airtel hits 21-month high, surges 20% from Friday's low
The company is hopeful that the government will take a considerate view on SC verdict on AGR matter, given the fragile state of the industry.
 "Bharti Airtel hits 21-month high, surges 20% from Friday's low")
AGR impact: Banks nervous as losses mount for Vodafone Idea, Airtel
Bankers said that at present, both operators are current in their repayments. However, the concern is over the future debt repayment capacity
 "AGR impact: Banks nervous as losses mount for Vodafone Idea, Airtel")
Voda Idea posts Rs 50,900-cr loss in Q2, the biggest in India Inc history
Saddled with $14 billion of net debt, Vodafone Idea is fighting for survival after India's top court last month ordered it to pay additional fees the government said were due from prior years
 "Voda Idea posts Rs 50,900-cr loss in Q2, the biggest in India Inc history")
Govt wants telcos to clear AGR dues in 3 months; relief package in works
The relief package may include a cut in licence fee, a two-year moratorium on payment
 "Govt wants telcos to clear AGR dues in 3 months; relief package in works")
Airtel submit bids for RCom spectrum; Reliance Jio seeks deadline extension
Airtel has placed a conditional bid to buy RCom's spectrum, and Bharti Infratel has submitted bids for the Anil Ambani company's mobile towers
 "Airtel submit bids for RCom spectrum; Reliance Jio seeks deadline extension")
Will review regime for foreign call termination charges, says Trai
Trai, in its consultation paper, said it would review the regulatory regime for international call termination charges that were lowered to 30 paise per minute last year
Will banks accept telcos' demand for more funding? Lenders' meet this week
According to the court order on October 24, the telecom companies have three months to pay spectrum usage charges and licence fees in the way adjusted gross revenue has been calculated by the govt