Page 22 - Telecom Sector
'Hopeful of govt support': Vodafone Idea chairperson tells shareholders
The telecom company's operational performance has been impacted by intense competition, low tariffs and a debt of Rs 1.9 trillion leaving it with little surplus for network upgrade.
 "'Hopeful of govt support': Vodafone Idea chairperson tells shareholders")
Cabinet likely to consider relief package for stressed telecom sector
In what may come as a major relief for the telecom sector, the Union Cabinet is likely to consider and discuss a relief package for the sector on Wednesday, sources said
 "Cabinet likely to consider relief package for stressed telecom sector")
TSSC, BetterPlace tie up to facilitate frontline hiring for telecom sector
Telecom Sector Skill Council (TSSC) and blue-collar workforce hiring platform BetterPlace have signed an initial pact to facilitate placement of workers for various job roles
 "TSSC, BetterPlace tie up to facilitate frontline hiring for telecom sector")
HFCL board approves plan to raise Rs 750 crore through various issues
Domestic telecom gear maker HFCL on Friday said it has received its board's consent to raise up to Rs 750 crore through equity, bonds, debentures or any other securities
 "HFCL board approves plan to raise Rs 750 crore through various issues")
COAI sees India lagging in 5G unless airwaves cost less
Proceeds from the 5G airwaves auction, likely early next year, is an important source of revenue for the Indian exchequer especially as Modi-led government looks to spur the pandemic-hit economy,
 "COAI sees India lagging in 5G unless airwaves cost less")
Bharti Airtel board approves Rs 21,000 crore rights issue
Fund raising mainly to make payments towards AGR-related liabilities
 "Bharti Airtel board approves Rs 21,000 crore rights issue")
Airtel board approves up to Rs 21,000 crore rights issue: filing
The rights entitlement ratio entails 1 equity share for every 14 equity shares held by eligible shareholders as on the record date
 "Airtel board approves up to Rs 21,000 crore rights issue: filing")
BSNL union to hold demonstration against monetisation of telecom assets
BSNL's employees union on Thursday opposed the government's plan to monetise optical fibre laid under the BharatNet project as well as 14,917 mobile towers owned by it and sister concern MTNL
 "BSNL union to hold demonstration against monetisation of telecom assets")
Airtel board to meet on August 29 to consider fundraising options
Telecom operator Bharti Airtel on Wednesday said its board will meet on August 29 to consider various capital raising options, including equity and debt.
 "Airtel board to meet on August 29 to consider fundraising options")
Govt eyes Rs 35,100 cr from partial sale of Bharatnet network, tower infra
The government expects to realise Rs 35,100 crore from the partial sale of Bharatnet fibre assets and around 13,500 mobile towers owned by state-run telecom firms
 "Govt eyes Rs 35,100 cr from partial sale of Bharatnet network, tower infra")
Security clearance delay for equipment hits telecom gear makers
Without such certification, telcos cannot give product orders to vendors
 "Security clearance delay for equipment hits telecom gear makers")
Major tariff hikes by telcos unlikely in the short-run: Analyst
Telecom operators are likely to continue with minor tweaks in mobile plans but may avoid significant hike in broader tariffs in the short-run
Bharti Airtel moves Supreme Court with review petition in AGR case
The company has sought correction of arithmetical errors in calculations linked to AGR
Trai suggests to create separate authorisation for access network provider
Trai on Thursday suggested that a separate authorisation be created for access network provider, to offer network services on a wholesale basis
 "Trai suggests to create separate authorisation for access network provider")
COAI says telecom among most heavily taxed sectors, seeks relief from govt
Industry body COAI has urged the government for financial reforms in the telecom sector, making a strong pitch for cuts in levies, doubling the tenure of auctioned radio wave holdings
 "COAI says telecom among most heavily taxed sectors, seeks relief from govt")
Global vendors closely monitoring VIL situation, say it's business-as-usual
Global telecom gear makers are keeping a close watch on how things evolve for Vodafone Idea, which is in the grip of an existential crisis, but maintain that it is business-as-usual
 "Global vendors closely monitoring VIL situation, say it's business-as-usual")
Bharti Airtel, Reliance Jio gain from debt-laden Vodafone Idea's pain
The two firms' revenue market share has risen 1,300 bps in two years
 "Bharti Airtel, Reliance Jio gain from debt-laden Vodafone Idea's pain")
Indus Towers hits over 8-month low on growth concerns
Indus' share price has underperformed the market owing to concerns over its key tenant Vodafone Idea's survival
 "Indus Towers hits over 8-month low on growth concerns")
Vodafone Idea breaks 100-WMA, hits Rs 7.26 mark. What's next for the stock?
This is the first time the counter has broken 100-weekly moving average (WMA)
DoT set to cancel Reliance Communications licence over payment default
According to an official, clauses under the license agreement empower the government to terminate the licence of the company
 "DoT set to cancel Reliance Communications licence over payment default")
