Vodafone Idea Ltd (VIL) on Monday said it has allotted 12,000 optionally convertible debentures to ATC Telecom Infrastructure. The balance 4,000 debentures will be allotted on receipt of application form and subscription money and due intimation of the same shall be filed as necessary, according to a regulatory filing. "... it is hereby informed that the capital raising committee of the Board of Directors of Vodafone Idea Limited has, at its meetings held today that is 27 February, 2023, allotted a total of 12,000 number of unsecured, unrated and unlisted Optionally Convertible Debentures of the face value of Rs 10,00,000 each (OCDs) to ATC Telecom Infrastructure Private Limited," it said. On February 25, VIL's shareholders approved the preferential issuance of up to Rs 1,600 crore of OCDs to American Tower Corp (ATC). In this regard, the special resolution was cleared at an Extraordinary General Meeting (EGM) of Vodafone Idea held last week. According to the voting results, overa
The New Delhi Municipal Council on Wednesday approved various proposals, including those related to installation of telecom towers and allotment of municipal spaces, its Vice Chairperson Satish Upadhyay said. In a meeting of the council, all its members also passed a special vote of thanks for the acceptance of regularisation of 4,500 Regular Muster Roll (RMR) employees and their gazette declaration. This special vote of thanks was moved by Upadhyay and supported by all the other members of the council. "The civic and employee oriented initiatives were approved in the meeting," Upadhyay said in a statement The vice chairman said security services arrangements at various NDMC (New Delhi Municipal Council (NDMC) premises under "Group D (for Navyug Schools, Sewerage Centre and auto workshops) and Group E (for Atal Aadarsh Schools)" will be tightened. In the statement, Upadhyay said according to a "approved study report", NDMC buildings, premises, schools, gardens and parks have been
The Telecom Regulatory Authority of India (TRAI) had called a meeting with mobile phone operators on February 17 to discuss the quality of wireline and wireless services
Telecom regulator TRAI on Thursday cracked down on unauthorised, pesky promotional messages by telemarketers as it issued directions to telecom operators to act swiftly to stop the misuse of headers and message templates. To stop the misuse, the regulator has directed access service providers (telecom operators) to reverify all registered headers and message templates on Distributed Ledger Technology (DLT) platform and block all unverified headers and message templates within 30 and 60 days respectively. Telecom operators have also been asked to ensure that temporary headers are deactivated immediately after the set time duration. "... Remove confusions among recipients of message and prevent their misuse, no look-alike headers (headers which are similar by virtue of combination of small case or large case letters) are to be registered by access providers in names of different Principal Entities," TRAI said. To curb messages from unauthorised or unregistered telemarketers, includin
The group is reportedly looking to raise long-term debt for ailing telco Vodafone Idea (Vi) and use preferential share allotment as the route
5G spectrum: Centre is looking for ways to shift some broadcasting and satellite players from 3.8 GHz to higher frequency
Hiring activity in the e-recruitment white-collar space in January witnessed 2 per cent year-on-year decline mainly due to slowdown in sectors including IT, telecom, manufacturing and healthcare, a report said on Wednesday. E-recruitment refers to the process of employing talents using various online sources. Demand for jobs in production and manufacturing declined by 8 per cent as did in healthcare (7 per cent), IT hardware and software (7 per cent), telecom (5 per cent) and banking, financial services and insurance (3 per cent), according to Foundit (formerly Monster) Insights Tracker (fit) for January 2023 . While IT faces a lull due to global macro conditions and course correction from last year's hiring surge, production hiring was impacted due to cost pressures and a rise in input prices. BFSI (banking, financial, services and insurance) sector, which had continuously witnessed positive hiring numbers, has noted a marginal dip of 1 per cent annually, the report stated. The .
Airtel started raising the entry-level tariff from Rs 99 to Rs 155 on November 21 in Odisha and Haryana
Vodafone continues to lose subscribers, Airtel's additions at 6-month high, Jio retains the highest user base
In a total of 9 circles, Bharti Airtel's Rs.99 entry level plans have now been replaced by the Rs.155 plan in a bid to raise ARPU
Inability to pay vendors and invest in business could hurt its operations, especially its ability to retain high ARPU postpaid customers, the report said
The government has notified new rules to make entities pay for damages that they may cause by digging or excavating to telecom infrastructure like optical fibre network and mobile towers, according to an official statement issued on Friday. According to official estimates, due to digging or excavation activities undertaken by various entities, there are nearly 10 lakh optical fibre cuts (OFC) every year that cause an economic loss of approximately Rs 3,000 crore per annum. The Department of Telecom expects that the Indian Telegraph (Infrastructure Safety) Rules 2022 was notified on January 3 will be able to curb damages caused to the telecom infrastructure and inconvenience caused to citizens because of frequent breakdown of communication services. "Many utilities can be saved from unwanted cuts and wasteful costs towards restoration, thus saving thousands of crores for businesses and associated tax loss to the government," the statement said. The rule mandates that any person or .
The top court's order and cash-for-loans scandal later, rocked the group across verticals; its fate now hinges on SC's ruling on bankruptcy even as the quid pro quo case involving Kocchars goes on
The move is likely to give 5G network a boost
All land properties nominally valued above Rs 100 crore being monetised by NLMC, but it has been slow to formulate a plan; DoT will handle assets of lower value
Airtel cites difference in tech after govt presents data in Rajya Sabha
The government is working to bring down the cost of telecom operations to attract more investments in the sector, a top official said on Friday. While speaking at the CII Telecom Summit, telecom secretary K Rajaraman said the cost of maintaining optic fibre network is very forbidding. "(If) we are able to bring down the cost of operations for the telecom network, I am sure that more investment will come. We will be working on that. A lot of policy measures are underway," he said. Rajaraman said the government is running a pilot of 'Call before you dig' application in some states to avoid damages to telecom infrastructure while digging roads and doing other infrastructure-related works. He said that a good digital connectivity cannot rest on mobile service only and complimentary connectivity through fibre to support mobile services is very important. "In urban areas, optical fibre is available. In rural areas, BharatNet has enabled us to reach 1.89 lakh villages so far. Target is
Govt plans to include fund in upcoming telecom Bill despite telcos' opposition, officials said
It intends to improve telecom services at a time when the country is quickly adopting 5G technology
Government departments have used it to build village land records, track rural roads, and manage water resources