Page 8 - Telecom Sector

Long way to go

Vodafone Idea will need more capital infusion

Jio adds 3.59 million users, corners 40% of market share in February

The company's growth has largely come at the expense of Vodafone Idea (Vi), which has been experiencing significant customer attrition for the past 23 months

Growing interest: FMCG, telcos on foreign portfolio investors hot list

Analysts said large part of the flows into the FMCG sector were due to the block deal in ITC, where the British American Tobacco (BAT) sold a 3.5 per cent stake for around Rs 17,000 crore

Vodafone Idea to meet institutional investors in Singapore, Mumbai

The telecom operator is looking to raise Rs 45,000 crore through both debt and equity

Predictable frequency

Annual spectrum auction will help telcos

India Mobile Congress 2024 and other key global telecom events in Oct

Held by the Department of Telecommunications (DoT) and industry body Cellular Operators Association of India (COAI), IMC, in its eighth edition, should see more than 1,000 exhibitors

Telecom spectrum auction for 8 bands starts from May 20, says DoT

10,523 MHz up for sale, reserve price of spectrum is Rs 96,317 cr

Additional Rs 10,000 crore capex spent on OTT: COAI to Finance Ministry

In a letter to Finance Secretary Somanathan COAI said a fair charge charge would lead to Rs. 800 crore additional tax revenues

Trai asks telecom operators to speed up roll out of anti-spam tech

DCA will take customers' consent for the brands or companies they would like to receive communication from

Mavenir deploying O-RAN technology for Vodafone Idea on millimeter wave

Cloud-based O-RAN technology has been leveraged by Jio and Airtel during 5G rollouts

Centre to form panel to check rising internet, WhatsApp-based spam calls

The proposal to set up the panel was made in an inter-ministerial meeting on the issue chaired by Consumer Affairs Secretary Rohit Kumar Singh on Thursday, the Consumers Affairs Department said

Govt pegs non-tax revenue from communications at Rs 1.20 trillion for FY25

The government has pegged non-tax revenue collection estimates from the communications sector at about Rs 1.20 lakh crore for 2024-25 and expects to exceed the budget estimates for the current fiscal. As per the interim budget document, the government has revised the revenue estimate from other communication services' for the current fiscal to Rs 93,541.01 crore from the earlier projection of Rs 89,469.17 crore mentioned in the previous budget. The revenue collections for 2024-25 are seen at Rs 1,20,267.31 crore. Finance Minister Nirmala Sitharaman presented the interim Budget on Thursday. The full Budget will be presented by the new government after the Lok Sabha elections. The actual revenue receipts of the government in 2022-23 were Rs 64,835.17 crore. The non-tax revenue receipts from the other communication services mainly relate to licence fees from telecom operators and receipts on account of spectrum usage charges. The Department of Telecom collects recurring licence fees

Vodafone Idea hints 5G roll-out in 6-7 months after getting funds

Debt-ridden telecom firm Vodafone Idea on Tuesday said it will need 6-7 months to roll out 5G services after securing funding, for which discussions with investors are underway. Vodafone Idea CEO Akshaya Moondra during the company's earnings call said that the telco is in discussion with various vendors for the 5G roll-out as well as developing use cases. "Having made large investments and no monetisation happening, I think the industry does need to see some movement towards monetisation. Let's say if we are launching 5G probably in the next 6-7 months time then we will have a better idea what is happening on the monetisation front. After funding is there, we will need some time to roll out. Let's say 6-7 months," Moondra said. He said the company will be able to roll out 5G only after funding is in place. However, he refused to reply to any question on the status of funding as it is in the discussion stage. "As for funding, it is in progress with investors. Given the nature of the

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