Page 33 - Telecom Industry

Why putting on the squeeze won't tame India's credit and fiscal woes

The government seeking $13 billion from telecom operators is a desperate attempt to squeeze money from an industry in which most players have already vanished or gone bankrupt.

India is running its telecom companies aground to fill a budget hole

High fees, frequent policy flip-flops, endless tax demands from an unsympathetic bureaucracy that treated carriers as cash cows have driven most telecom operators aground.

Vodafone denies India market exit rumour, says actively engaging with govt

The statement further noted that Vodafone is actively engaging with government and they are fully supportive of their local management as they continue to manage the joint venture

Govt likely to reject telcos' demand for 2-year spectrum fee moratorium

Recently, SC had upheld the government's definition of adjusted gross revenue (AGR) and directed telecom operators to pay up the pending dues that could add up to an estimated Rs 1.33 trillion

Another blow to telecom

Govt needs to decide what it wants to do with the sector

AGR verdict: Banks fear additional stress from telecom service providers

Intense competition among telcos had already impacted financial profile of firms and court judgment would now only add pressure to burden of paying interest and principal: Senior executive with SBI

SC's AGR verdict will have devastating impact on telecom firms, say experts

Stakeholders upset, given India's telecom tariffs are among lowest in world

Will Airtel, Vodafone have to pay Rs 50,000 cr? SC order on AGR today

The telcos contend that AGR should comprise revenue earned only from telecom services, while the DoT has been insisting that AGR should include all revenues, including those from non-core operations

Spectrum cost, dividends drying up cash flows for SE Asian telcos: Moody's

The agency expects these trends to continue through at least 2021, and does not see telecom companies generating enough cash to pay down debt and reduce elevated leverage

Will Airtel, Vodafone have to pay Rs 50,000 cr? SC order on AGR tomorrow

The telcos contend that AGR should comprise revenue earned only from telecom services, while the DoT has been insisting that AGR should include all revenues, including those from non-core operations

Good news for Jio users: No need to buy top-ups to cover increased tariff

The telco has announced three new plans that come bundled with the 6-paise-per-minute charge imposed on voice calls to other networks, so subscribers will not have pay anything additionally

Services activity falls to 48.7 in Sep; second contraction this year: PMI

India's economy has been hobbled by a demand slump, prompting policymakers to step up fiscal and monetary stimulus to revive growth

Bharti Airtel plans to raise up to $1 bn via bond issue to reduce debt

Telecom major Bharti Airtel is planning to raise funds up to USD 1 billion (about Rs 7,000 crore) via a bond issue by its subsidiary Network i2i, the proceeds of which will be used to reduce debt. "...offering of USD denominated Guaranteed Subordinated Perpetual Securities by Network i2i Limited (a direct 100 per cent subsidiary of Bharti Airtel) expected to be rated BB by both S&P and Fitch may follow, subject to market conditions," Bharti Airtel said in a regulatory filing. Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays, BNP Paribas, Citigroup, HSBC, J P Morgan and Standard Chartered Bank as joint bookrunners and joint lead managers to organise a series of fixed income investor meetings and calls across Asia, Europe and the US starting Wednesday, it added. Sources said that the fundraising is likely to be in range of USD 750 million to USD 1 billion, and the final figure will be arrived at based on the market response. The proceeds from ..

Telecom revenue fell 10% in 2018 over cutthroat competition and tariff war

Spectrum usage charges (SUC) yearly declined 17.74 per cent, from Rs 5,089 crore in 2017 to Rs 4,186 crore in 2018

5G spectrum offer may shrink as defence ministry refuses to give away share

Defence ministry has refused to part with its share of 100MHz spectrum

Jio becomes the market leader with 31.7% AGR, telcos record 9% growth

Jio continues to enjoy a strong position in B and C circles and commands the number one position in 13 circles

Ensure equitable work, no monopoly under access coverage scheme: COAI

The Cellular Operators' Association of India (COAI) further highlighted that the scheme should be for compensation of cost and should not become a "profiteering scheme"

SoftBank in talks to buy stake in Bharti Airtel's telecom biz, other assets

Talks are in initial stages for direct or indirect holding in telco or other assets

Bharti Airtel to shut down 3G network across the country by December

Airtel on Thursday reported its first quarterly net loss in over a decade at Rs 2,866 crore as it continues to battle competition from Reliance Jio

Bharti Airtel, Reliance Jio, Vodafone Idea oppose free spectrum to railways

Reliance Jio said the Railways should not be permitted to offer commercial services like Wi-fi and voice and video communication