Page 6 - Telecom Industry

Tikona Infinet resolves dispute regarding debt payments with L&T Finance

Internet service provider Tikona Infinet on Monday announced that they have entered into a definitive settlement agreement with L&T Finance Limited to resolve the dispute on debt bonds. The announcement came after the National Company Law Tribunal (NCLT), Mumbai Bench, earlier admitted an application filed by L&T Finance against Tikona Infinet, citing default on coupon payments for CCDs. Tikona Infinet said the pact was signed on May 10, bringing closure to a previously reported shareholder matter related to Series 'E' Compulsorily Convertible Debentures (CCDs), following which L&T Finance has started the process to withdraw its application. "It was a dispute amongst the shareholders about Coupon Rights. I am glad to inform you that a settlement agreement has already been executed, which will settle all disputes amicably between LTF Limited and the other majority shareholders. A withdrawal application to the NCLT is under process," Tikona Infinet founder and CEO Prakash ...

4% of AGR as spectrum charge: Trai paves way for satellite internet

TRAI recommends 4 per cent AGR-based SUC for satcom, Rs 3,500 per MHz fee, no auctions, and exemptions for rural users to promote affordability and competition

Starlink requires IN-SPACe nod to launch satellite communication services

Firm needs all approvals before Trai brings guidelines

Global orders may be hit if trade war volatility stays: Tata Comm CFO

Highest ever order book in first half of FY25 has translated to revenue in Q4

Airtel follows Vi, dials DoT for conversion of pending spectrum dues

If firm's plea is accepted, govt will hold a stake in 4 telcos

Telcos gross revenue up 14% to ₹96,390 crore in Dec quarter: Trai

Telecom service providers reported a 14.07 per cent increase in their gross revenue to Rs 96,390 crore in the December quarter on a year-on-year basis, according to data published by telecom regulator Trai on Thursday. The telecom service providers (TSPs) had registered a gross revenue of Rs 84,500 crore in the year-ago period. According to Indian Telecom Services Performance Indicators for October-December, telecom service providers adjusted gross revenue (AGR), revenue from telecom services on which government calculates its levies, grew 14.89 per cent to Rs 77,934 crore during the period on a year-on-year basis from Rs 67,835 crore. While Reliance Jio led the chart with highest AGR of Rs 28,542.76 crore. Bharti Airtel's AGR growth rate at 27.31 per cent on a year-on-year basis was almost double of its rival Jio that recorded 14.8 per cent a year-on-year growth rate. Bharti Airtel posted AGR of Rs 26,073.7 crore during the quarter under review. Vodafone Idea AGR grew 6.69 per ce

BSNL not keen on selling tower assets as 4G, 5G rollout looms ahead

The state-owned telco has struggled to meet asset monetisation targets set by DIPAM back in 2022

Late entry into 5G services allowing cost efficiency: Vodafone Idea

In an investor presentation, the telco said it has been able to incorporate the latest tech as a result

Payment pains: UPI outages traced to tech glitches, backend failures

'Root-cause analysis' done, hardware replaced, member banks briefed on fixes

Time for Vodafone Idea to act: Management must aim to raise capital

Over the weekend, the government converted the telco's dues into equity shares at a premium, perhaps to keep its stake below 50 per cent and avoid turning Vi into a PSU

Telecom operator BSNL 5G sites light up in multiple state capitals

State-owned telecom operator targets full-scale 4G launch by June, 5G rollout to follow

Telcos support Parl panel recommendation of merging IT & Telecom ministries

The Parliamentary Standing Committee on Communications and Information Technology made the suggestion to merge the three allied ministries in its report tabled in the Lok Sabha last week

Indian 5G users to grow to 770 mn by 2028, avg data use at 40 GB: Nokia

Average 5G data consumption in India has peaked to 40 GB per user per month and its total subscriber base is expected to grow by 2.65 times to around 770 million in the next three years, telecom gear firm Nokia said on Thursday. The mix of data consumption across 4G, 5G etc has increased by compounded annual growth rate of 19.5 per cent over five years to 27.5 GB in 2024, Nokia's annual mobile broadband index (MBiT) report said. According to the report, there was a remarkable three-fold year-on-year surge in 5G data traffic across India in 2024. "Average 5G data consumption in India per user was recorded at 40 GB in December 2024. We expect the 5G user base to grow to around 770 million by 2028 from 290 million in 2024," Nokia India, Head of Technology and Solutions (Mobile Networks), Sandeep Saxena said during the report launch. According to the report, the continued rise of 5G Fixed Wireless Access (FWA) is driving increased data usage, with FWA users now consuming over 12 times

In talks with satcom operators including Starlink, says Vodafone Idea

The announcement comes on the heels of Reliance Jio and Bharti Airtel signing pacts with the US giant to offer its satellite internet services in India

Direct-to-cell satcom tech unlikely to disrupt terrestrial telco business

T-Mobile, Starlink to launch satellite-based connectivity, initially in the US, by mid-2025

Starlink deal: Can the stars shine bright for Airtel, RIL? Chart check here

Shares of Reliance and Airtel are in focus amid the Starlink deal; while MTNL too was in limelight on land monetisation news. Here are the key levels to watch out on these 3 telecom stocks.

Jio Platforms also announces deal with SpaceX to bring Starlink to India

It comes a day after telecom tycoon Sunil Bharti Mittal's Bharti Airtel signed a similar partnership pact with SpaceX

India eyes potential to become a hub for submarine cables, global backbone

"Increase in the number of submarine cables is key to reducing latency, improving network speed and performance in India"

Telecom operators hit back at DoT, Trai on service authorization plans

Say Trai's role may get diluted, satco, OTT concerns unmet

Jio, Airtel seek fair satellite spectrum rules as Starlink eyes India entry

Under the telecom law enacted in December 2023, satellite spectrum can be assigned administratively for a fee, whereas terrestrial spectrum is allocated through auctions