Page 2 - Telecom Tower

Manufacturing telecom gear in India may get a Rs 3,000 crore push

TTDF aims to fund R&D in rural-specific communication technology applications

MTNL drops over 2% after Q4 net loss widens; down 12% in three months

MTNL's net loss widened to Rs 783.7 crore on a year-on-year (Y-o-Y) basis, from a net loss of Rs 748.6 crore in the fourth quarter of financial year 2023 (Q4FY23)

Indus Towers Q4 results: PAT rises 32% to Rs 1,853 cr, revenue up 6.5%

Telecom infrastructure company Indus Towers on Tuesday reported around a 32 per cent jump in its consolidated net profit for the fourth quarter ended March 2024. It had registered a net profit of Rs 1,399.1 crore a year ago, as per the company's regulatory filing. The company's consolidated revenue from operations grew 6.5 per cent to Rs 7,193.2 crore during the reported quarter against Rs 6,752.9 crore in the March 2023 quarter. For the year ended March 31, 2024, Indus Towers posted close to a three-fold jump in consolidated profit to Rs 6,036.2 crore from Rs 2,040 crore at the end of the financial year (FY) 2023. The annual revenue from operations of Indus Towers remained almost flat at Rs 28,600.6 crore during the reported fiscal compared to Rs 28,381.8 crore in FY23. "The network expansion by a major customer and increase in our market share helped us deliver record tower additions, surpassing the milestone of 2,00,000 towers. On the financial front, we were pleased to see ste

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

MCR Hotels to purchase London's iconic BT Tower for around $347 million

The tower used to provide a number of network operations and antennas for connectivity, but the technology isn't needed any longer

Pakistan increases telecom towers in PoK to help terror groups: Report

The project for boosting telecom signals has been completely handed over to the Special Communication Organization (SCO) led by Pakistani army officer Maj Gen Umar Ahmad Shah, it said

KKR, 2 other entities sell Indus Towers' share worth Rs 3,978 crore

Private equity major KKR, Canada Pension Plan Investment Board (CPPIB) and another entity sold Indus Towers' shares worth Rs 3,978 crore through open market transactions on Thursday. KKR through its arm Silverview Portfolio Investments Pte offloaded shares of telecom infrastructure major Indus Towers on the BSE. As per the bulk deal data, Silverview Portfolio Investments sold 13.08 crore shares of Indus Towers, while CPPIB disposed of more than 5.76 crore shares of the company, amounting to a 4.85 per cent and 2.14 per cent stake, respectively, in Indus Towers. Patronus Tradetech LLP also offloaded 2.26 lakh shares of telecom infrastructure company, as per the bulk deal data. The shares were sold within the price range of Rs 210.21-215.28 apiece, taking the transaction size to about Rs 3,977.94 crore. After the latest transaction, KKR through Silverview Portfolio Investments Pte sold its entire 4.85 per cent equity stake and exited the company, while shareholding of Canadian Pensi

Jio cements market lead, adds 3.45 mn mobile subscribers in Nov: Trai data

Reliance Jio moved to a higher gear adding 34.5 lakh mobile subscribers in November, improving on its October gains, as rival Bharti Airtel garnered about 17.5 lakh new wireless users, according to TRAI data released on Monday. Vodafone Idea, however, slipped further losing 10.7 lakh subscribers in November, the monthly subscriber data by Telecom Regulatory Authority of India (TRAI) showed. The ailing telco's wireless subscriber base shrank to 22.44 crore in November. Reliance Jio's addition of 34.47 lakh mobile subscribers pushed up its wireless subscriber tally to 45.58 crore as on November. Mobile subscribers added by the country's largest telecom services provider Jio in November were higher than its user gains in October (about 31.6 lakh). After garnering mobile subscriber additions of 17.47 lakh, the subscriber count of Bharti Airtel in the wireless category stood at 37.98 crore.

4G launch in next 3-4 months once tower count hits 20,000: BSNL CMD

The company has mapped out large parts of these states for tower installation. This includes more than 4,200 4G sites in Andhra Pradesh and Telangana

Canada-based Brookfield Asset Management to buy ATC India in $2 bn deal

Brookfield to become largest manager asset in India, beating Indus Towers

American Towers set to sell loss-making India ops for $2.2 billion

I Squared Capital leading race to buy 77,000 towers

Nokia achieves 7 mn telecom gear production milestone at Chennai plant

Finnish telecom company Nokia on Thursday said its Chennai plant has achieved the production milestone of 7 million telecom network gear units. The company started the plant 15 years ago and is one of the largest factories of Nokia globally. "Nokia's factory in Chennai has reached a significant production milestone by reaching seven million telecom units. The factory has completed fifteen years of operation this year and is playing a key role in boosting telecom equipment manufacturing in the country," Nokia said. The factory manufactures 5G New Radio (5G NR), 5G massive MIMO products, 4G or the LTE radios as well as fiber broadband equipment among others. Nokia exports approximately 50 per cent of the production. "Further, it (Nokia) has progressively increased the localization of components by up to 2 times compared to previous years in 5G equipment manufacturing," the statement said. The company had announced the start of manufacturing 5G telecom gears in India even before the

ATIS' Next G Alliance, Bharat 6G Alliance ink MoU to explore collaboration

ATIS' Next G Alliance and Bharat 6G Alliance have signed a pact to explore collaboration opportunities on 6G wireless technologies, according to a release. The work will encompass aligning research and development priorities that support a common 6G vision and creating secure and trusted telecommunications as well as resilient supply chains. "ATIS' Next G Alliance and the Bharat 6G Alliance today announced they have signed a Memorandum of Understanding (MoU) to explore collaboration opportunities on 6G wireless technologies," the release said. Launched by the Alliance for Telecommunications Industry Solutions (ATIS), the Next G Alliance is an initiative to advance North American wireless technology leadership over the next decade through private sector-led efforts with the initial focus on 6G. "The efforts of its working groups in Applications, Green G, National 6G Roadmap, Societal and Economic Needs, Spectrum and Technology are building the foundation for North American leadershi

Indus Towers' macro tower installations grow by 6.3% to reach 200,000 units

Telecom infrastructure major Indus Towers on Friday said its macro tower installations grew by 6.3 per cent year-on-year to achieve the milestone of 2 lakh units across all 22 telecom circles in India as of date. The company had reported an installed tower base of 1,98,284 at the end of the June 2023 quarter. "Indus Towers Limited, India's largest telecom tower company and one of the largest in the world, announces reaching a milestone of 200,000 macro towers spread across all 22 telecom circles in India as on date," the company said in a statement. Macro towers are used for providing mobile phone coverage to large areas. "As operators accelerate their 5G rollouts and drive network expansion, Indus Towers is actively matching their pace to seize the burgeoning growth opportunities and establish enduring value for the long term with sustainability at its core," Indus Towers MD and CEO Prachur Sah said. The company shared that macro towers installation grew at the rate of 6.3 per ce

300,000 5G sites installed within 10 months of service launch: Vaishnaw

Telecom operators have installed over 3 lakh 5G mobile sites within 10 months of launch of the service, Union Telecom Minister Ashwini Vaishnaw said on Tuesday. The 5G sites have been installed across 714 districts. "The world's fastest 5G rollout continues. Over 3 lakh 5G sites installed in 714 districts," Vaishnaw said on social media platform Koo. Reliance Jio and Bharti Airtel are the only telecom operators rolling out 5G services in the country. Data shared by the minister shows that over 3 lakh sites have been installed within 10 months of 5G service launch on October 1 last year. According to official data, 1 lakh sites were installed within five months and 2 lakh sites within eight months of the launch of service.

Controversial calls on predatory pricing: Telecom industry awaits clarity

As fiercely competitive telcos trade charges again, the industry awaits clarity on the regulatory domain for the sector

Brookfield weighing stake sale in Indian tower business, says report

Brookfield and its institutional partners completed their acquisition of the telecom tower unit of billionaire Mukesh Ambani's Reliance Industries Ltd. for about $3.4 billion in 2020

NDMC releases policy to regularise cellular towers in Lutyens' Delhi

The New Delhi Municipal Council has prepared a draft policy to regularise scores of unauthorised cellular towers in Lutyens' Delhi, officials said on Saturday. There are around 240 unauthorised cellular towers. Out of these, 140 are located on government buildings and the rest on private buildings, an NDMC official said. The draft policy aims to modify the rules for the installation of communication towers by cellular and basic telecom operators on rooftops and ground bases within the premises and in the area under the jurisdiction of the New Delhi Municipal Council (NDMC). There are four main aspects of the policy -- regularisation of unauthorised towers, increase in one-time tower installation fee, renter fee for towers situated on NDMC buildings (no change), and process to install new towers. The NDMC released the draft policy on Friday and it has sought public comments and suggestions on it. "We have sought public comments and suggestions on Draft Cellular Tower. We will regis

NDMC approves installation of telecom towers, allotment of municipal spaces

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