Page 33 - Telecom Industry

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

Telecom firms owe over Rs 92,000 cr as licence fees till date: Centre to SC

Dues from Vodafone totalled Rs 19,823.71 crore while Reliance Communications owed a total of Rs 16,456.47 crore

Bharti Airtel set to conduct trial of Nokia's 5G-ready telecom gear

This trial is part of Bharti Airtel's strategy to make its network future ready to meet the growing demand for high speed data in India

Data tariffs stabilise after 2.5 yrs, Airtel pips Jio in monthly data usage

An India Ratings report claimed that Bharti Airtel has overtaken Reliance Jio in average monthly data usage at 11 GB per user

Telecom industry's revenue growth may improve to double digits in FY21

Analysts project double-digit growth in FY21 to around 12%, largely driven by Jio

Telcos' body says worst of tariff wars over, stability to return by Q4

Telecom operators will look at getting more offerings like content, e-commerce and financial services aggregated onto their networks

Telcos operating under stress as adjusted gross revenue down by 6.4%

Telcos pay SUC and licence fees to the DoT on the basis of their AGR

Mobile number portability requests at 9-month high of 5.9 million in Jan

Metros still resisting the minimum recharge plan push by telcos

Muted ringtone: Telecom revenue slips for 3rd straight year in FY19

But analysts expect FY20 to fare better as costs will stabilise

Some states charge 50 times higher for telecom infra rollout: DoT Official

"Chattisgarh, Kerala, Rajasthan are to be commended. All remaining states there is practically no utilisation"

Issue of high taxes levied on telecom sector must be resolved: Sunil Mittal

The telecom sector continues to be highly-taxed just like tobacco industry

Telecom industry feeling heat of duty hike, import costs to rise 10%: COAI

Admitting that latest move would lead to 10 per cent increase in import cost for operators, Mathews said industry may 'adjust' some of the planned roll out

Trai integrates DND 2.0 and MyCall apps with Umang platform for Android

Umang is a single platform for all citizens to access pan India e-governance services