Page 11 - Telecom Sector

UK antitrust regulator begins investigation of Vodafone-Hutchison merger

The tie-up announced last year will reduce the number of mobile networks in Britain from four to three

Got Rs 300 cr dues plus monthly collection from customer: Indus Towers

Telecom infrastructure company Indus Towers on Wednesday said it has collected and recognised on its books an amount of Rs 300 crore against the past dues alongwith 100 per cent monthly collection from a major customer. In its Q3FY24 earnings call, the tower company said that it does see the entry of satellite internet companies like Starlink and others as a threat to tower requirements from telcos at this stage, since satellites primarily provide the backhaul connectivity complimentary to telecom services, by reaching uncovered areas. Without naming Vodafone Idea, Indus Towers Chief Financial Officer Vikas Poddar said with regard to a major customer, the company has collected and recognised Rs 300 crore against the past dues in addition to the full monthly collection. "With regard to the provision for doubtful debts...reported in the current quarter, I would like to explain the transaction with a major customer and the treatment of the same...we have collected and recognised Rs 3 .

India set to export indigenously-developed 4G, 5G stacks in 2024: Officials

Indian technology has garnered global interest amid govt's aggressive marketing

Ram Mandir inauguration: Telcos enhance network connectivity in Ayodhya

DoT and other central, state, and municipal departments ensured speedy approvals in providing space for towers, movement of material, and manpower, thus enabling immediate execution, Vi said

Jio Platforms Q3 net profit rises 11.6% on strong subscriber growth

ARPU stays put at ~181.7, same as in Q2

Budget 2024-25: Telecom industry wants govt to junk USOF, slash duties

A clearer definition of gross revenue, GST exemption also sought

Govt to announce appointment of new Trai chairperson by month-end: Sources

In the absence of a full-time chairman, important decisions such as whether satellite spectrum would be auctioned in India or allocated administratively remain pending

Telecom operators body calls for re-evaluation of D2M tech policy

Broadcasters have backed the tech, which allows handsets to capture terrestrial TV signals without the internet

Centre reviews progress of PLI schemes in all 14 sectors: Govt official

The government on Friday reviewed the progress of the production-linked incentive (PLI) schemes for all the 14 sectors, an official said. The meeting assumes significance as the government has disbursed Rs 2,900 crore till March 2023 under the scheme. The empowered committee in PLI has also approved Rs 1,000 crore disbursal to beneficiary firms of the electronics sector. The scheme was announced in 2021 for 14 sectors like telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones, and pharma with an outlay of Rs 1.97 lakh crore. Senior officers from different ministries, including the commerce and industry ministry and heavy industries ministry, participated in the review, the official said. The purpose of the schemes is to attract investments in key sectors and cutting-edge technology; ensure efficiency and bring economies of size and scale in

Airtel gets notice from DoT for violation of subscriber verification norms

Bharti Airtel on Monday said it has received a notice from the telecom department for an alleged violation of subscriber verification norms, entailing a penalty of Rs 3.57 lakh. In a BSE filing, the telecom operator informed that the notice pertains to Bihar LSA and was received on January 8, 2024. "We submit the details of notice received by the company from the Department of Telecommunications," Airtel said, informing about the "notice imposing a penalty of Rs 3,57,000 for alleged violation of subscriber verification norms". Citing details, the company said it pertained to an alleged violation of terms and conditions with respect to subscriber verification norms under the Licence Agreement, pursuant to a sample customer application form (CAF) audit conducted by the Department of Telecom for September 2023.

Vi shares rise 22% to 1 yr high as company nears fundraising deadline

The company has said multiple times that any new funding by banks will be used for the deployment of capital expenditure, and not to roll over existing dues

Telecom Bill 2023: Here are 10 important changes that will impact you

Telecommunications Bill: If any mobile user has more than nine SIM cards issued on one Aadhaar card, they will be penalised up to Rs 50,000 for the first time and Rs 2 lakh for subsequent offences

TMS Ep590: Telecom Bill 2023, India's space sector, bond market, Bhashini

Has the new telecom bill let OTT off the hook? Did 2023 launch India's space sector into a higher orbit? How should bond market investors prepare for 2024? What is Bhashini? All answers here

BFSI, telecom, e-commerce most coveted sectors by women in 2023: Report

BFSI, Telecom and e-commerce were the most sought after sectors by women jobseekers this year, with most looking for work from home opportunities, according to a report released on Wednesday. The report by revealed that the women seeking jobs showed a balanced approach between flexibility and career dedication, as 50 per cent (1.2 crore) of total job applications from women job seekers sought wfh opportunities, the report by apna.co said. The report is based on an analysis of job searches by women on apna.co platform in 2023. As per the report, this year, sectors like Banking, Financial Services and Insurance (BFSI), telecom, and e-commerce witnessed a remarkable surge in demand among women jobseekers. The report revealed that 18 lakh women embraced night shift roles, showcasing their willingness to tackle challenges with utmost dedication. Of the 1.38 crore women on apna's platform, 6.7 million hail from tier-II cities, seeing a 33 per cent growth compared to the previous year.

India shouldn't oppose consensus on 6GHz use at global talks: GSMA

Global telecom operators body says major nations nearing consensus on capacity requirements of 5G and beyond

DGCA rejects telcos' proposal to provide 5G services on airport premises

The Directorate General of Civil Aviation (DGCA) stated that the frequency can interfere with aircraft altimetre and cause disruptions

Airtel explores $1bn fundraising to prepay majority of 2015 spectrum dues

Bharti Airtel bought a spectrum worth Rs 29,130.20 ($3.54 billion) during an auction in March 2015 out of which Rs 10,000-12,000 crore remains in dues

Clear signals for Bharti Airtel, Reliance Jio: Dial into a future of growth

India leads as the highest data consumption market globally, with a per-capita consumption of 25 gigabytes per month

Stock of this SME telecom infrastructure company nearly doubles in 5 weeks

Shares of Bondada Engineering were locked in 10-per cent upper circuit after the company received five-year operations and maintenance (O&M) contract worth of Rs 381 crore from BSNL

India emerging as telecom technology developer, exporter & leader: Vaishnaw

India is emerging as a telecom technology developer, exporter and leader, and the world today is looking at the country with hope, Communications Minister Ashwini Vaishnaw said on Friday. Speaking at the inauguration of India Mobile Congress, Vaishnaw said that driven by Prime Minister Narendra Modi's clear vision and leadership, the telecom sector has achieved several milestones on connectivity, affordability and standards, and has moved out of the shadow of litigation and 2G scam of the past. Telecom is the gateway of digital, Vaishnaw said, citing the speedy roll-out of 5G services in India and the nation's clear 6G vision.