Page 17 - Telecom Services

Bharti Hexacom sparkles on market debut; stock gain 43% at Rs 814

Bharti Hexacom, a subsidiary of Bharti Airtel, provides fixed-line telephone and broadband services primarily in two circles-Rajasthan and North East

Bharti Hexacom makes strong debut; lists at 32% premium over issue price

The debutant has hit a high of Rs 769 so far, with volumes of around 21.2S million shares on the BSE and NSE in opening deals.

Telecom tariff hike imminent, expect 15-17% rise after elections: Report

The telecom industry is expected to take a 15-17 per cent tariff hike post general elections, according to an analyst report that termed the tariff increase in the sector as "imminent" with Airtel as the biggest beneficiary. The general election in the world's largest democracy is scheduled to be held in seven phases between April 19 and June 1, and results will be declared on June 4. "We expect the industry to take a 15-17 per cent tariff hike post the elections," a report by Antique Stock Broking said, as it described the tariff hike as imminent and Bharti as the biggest beneficiary. The last hike of about 20 per cent was in December 2021, it said. Offering a break-up of ARPU (Average Revenue Per User) for India's second largest telco, the brokerage note said Bharti's industry-leading current ARPU of Rs 208 is set to go up to Rs 286 by end of FY27. This will be driven by a tariff hike contributing Rs 55, upgradation of 2G customers to 4G contributing Rs 10, and customer upgradat

Voda Idea gets board nod to raise Rs 2,075 cr from Aditya Birla group

Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising of Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The company will seek shareholders' approval at an extraordinary general meeting on May 8 on the proposals, it said in a regulatory filing. The Vodafone Idea board has approved "issuance of up to 1,395,427,034 equity shares of face value of Rs 10 each at an issue price of Rs 14.87 per equity share (including a premium of Rs 4.87 per equity share), aggregating to Rs 2,075 crore to Oriana Investments Pte. Ltd (Aditya Birla Group entity forming part of the promoter group), on a preferential basis," the filing said. The board also approved an increase in the authorised share capital of the company from existing Rs 75,000 crore, divided into Rs 70,000 crore equity share capital and Rs 5,000 crore preference share capital, to Rs 1 lakh crore, the filing said. The increased authorised share

Telecom operator Bharti Hexacom IPO receives bids worth over $8 billion

Investors bid for 1.23 billion shares at a price range of 542 to 570 rupees per share, which was 29.88 times more than the 41.2 million shares offered, data from the NSE showed

DoT secy launches experimental module for 5G labs, grants 1,500 permits

Telecom Secretary Neeraj Mittal on Friday virtually launched an experimental licence module for 100 5G Labs during a workshop at IIT Madras, an official statement said. The Department of Telecom (DoT) has granted around 1,500 experimental licences for 5G labs since the launch of the programme for carrying out trials and testing use cases for 5G services, the statement said. "In a move to smoothen the processes for 100 5G Labs across academic institutions in India, Secretary (Telecom), Dr Neeraj Mittal, virtually launched the experimental licence module for 100 5G Labs during a 5G workshop at IIT Madras. "This initiative aims to simplify the experimental licence requirements for these institutions, facilitating smoother operations and fostering innovation in the 5G domain," the statement said. The licences are being issued on 'self-declaration mode' from the Saralsanchar portal of DoT through National Single Window System (NSWS), the statement said. "To date, about 1,500 licences h

Vi shareholders approve Rs 20,000 cr fundraise through securities issuance

The telco is looking to raise up to Rs 45,000 crore through equity & debt

Trai wants district, state level data to boost quality of telecom services

QoS has remained a priority for the regulator, with Trai Chairperson Anil Kumar Lahoti naming call drops as a key area of his focus after taking charge in January

Jio cements market lead with 4.18 mn mobile subscriber addition in Jan

India's largest telecom company Reliance Jio added 41.78 lakh mobile subscribers in January 2024, according to data released by the Telecom Regulatory Authority of India (TRAI) on Monday. Sunil Mittal-led Bharti Airtel upped its wireless subscriber count by 7.52 lakh, taking its mobile tally to 38.24 crore in January. Vodafone Idea continued to bleed on the subscriber front, and the troubled telco lost 15.2 lakh wireless subscribers. Its mobile subscriber base stood at 22.15 crore in January, as per TRAI data. Jio cemented its position in the telecom market and added 41.78 lakh wireless subscribers, as the January gains pushed up its mobile users tally to 46.39 crore.

5G speeds up, gender gap in mobile money awareness still loading: Report

Conversely, awareness among adult Indian men with phones increased from 41 per cent in 2022 to 52 per cent in 2023

DoT imposes Rs 4 lakh fine on Airtel for violation of verification norms

The Department of Telecom has imposed a penalty of around Rs 4 lakh on Bharti Airtel for violation of subscriber verification norms in Delhi and Bihar circles. According to a regulatory filing by Bharti Airtel, the Department of Telecommunications, Delhi circle, has issued a notice imposing a penalty of Rs 2.55 lakh for alleged violation of subscriber verification norms. The Delhi circle has issued notice for "alleged violation of terms and conditions with respect to subscriber verification norms under the Licence Agreement, pursuant to Sample CAF Audit conducted by DoT for January 2023", the filing said. The department's Bihar circle has given a notice to the company, imposing a Rs 1.46 lakh fine for "alleged violation of subscriber verification norms", Bharti Airtel said in a separate filing. For Bihar circle, the notice has been issued "pursuant to Sample CAF Audit conducted by DoT for January 2024", the filing said. The company has, however, contested the penalty levied by DoT

5G subscribers consuming 3.6-times more data than 4G users: Nokia

Overall, 5G made up 15 per cent of all data traffic across telecom circles as of December, 2023

Vodafone exits Italy, sells operations to Swisscom for $8.7 billion

Swiss government-controlled Swisscom said the Vodafone Italia deal will be debt-financed and paid in cash

Vi surrenders partial spectrum in Uttar Pradesh east, West Bengal

Debt-ridden telecom operator Vodafone Idea has surrendered partial spectrum in 900 and 1800 Mhz band that were due for renewal in 2024. While the amount of spectrum surrendered by Vodafone Idea could not be ascertained, sources indicated it to be around 12 megahertz in both bands. When contacted, Vodafone Idea spokesperson said, "Upon assessing our usage and needs, we have surrendered some spectrum in both West Bengal and UP East. We remain committed to providing seamless services to our customers while also focussing on optimising for operational efficiency and future growth". Separately, in an investor presentation, VIL said it has completed the minimum roll out requirement for 5G services in 4 telecom circles, and the company has a target to cover 40 per cent of revenues population coverage with 5G in the first 24-30 months.

BSNL installs 3,500 4G towers in 5 northern states: CMD Pravin Kumar Purwar

Tower installations to begin in Tamil Nadu and Madhya Pradesh soon

Wireless data revenue rises 22% to Rs 1.74 trn in FY23, teledensity down

Revenue from wireless data usage in the country increased by about 22 per cent to Rs 1.74 lakh crore in the financial year 2022-23, a report by telecom regulator Trai said on Tuesday. According to the report, the revenue from wireless data services was Rs 1.43 lakh crore in the financial year 2021-22. "Total revenue from wireless data usage increased from Rs 1,43,169 crore in the year 2021-22 to Rs 1,74,144 crore in the year 2022-23 with yearly rate of growth of 21.63 per cent," Trai's Yearly Telecom Services Performance Indicator Report for the year 2022-23 said. The increase in wireless data revenue usage was mainly on account of growth in user base as telecom operators are yet to monetise 5G data services that were launched in October 2022. The gross revenue of telecom service providers increased by 19.94 per cent to over Rs 3.33 lakh crore in FY'23 from Rs 2.78 lakh crore in FY'22. However, the adjusted gross revenue (AGR), based on which the government calculates its levies,

Spectrum auction for eight bands to start from 20 May 2024: DoT notice

The upcoming spectrum auction will start from May 20, according to the notice inviting application released by the Department of Telecom on Friday. Government will auction eight spectrum bands for mobile phone services at a base price of Rs 96,317.65 crore. Spectrum which is held by certain companies undergoing insolvency processes as well as frequencies expiring this year will also be put on auction.

Cross connection: Starlink's India signal may take longer to connect

A satellite mega-constellation called Starlink G60 is being built in Shanghai by state owned Chinese firms

Telecom giants shift focus to tier-based post-paid tariffs to boost revenue

Higher-priced family-pack bundles offer multiple mobile connections, generous data allowances, and subscriptions to popular OTT streaming apps to encourage users to upgrade to higher-ARPU-generation

Spectrum auction to be a muted affair as telcos already hold key bands

Loss of appetite: The spectrum auction this year could be a muted affair, with telcos' hunger for airwaves ebbing away after the feasts of 2010 and 2022