Indus Towers on Thursday reported more than doubling of its consolidated net profit to Rs 4,003 crore in the third quarter of 2024-25 on the back of strong tower and colocation additions as well as significant collections of overdue from "a major customer". The December quarter had a write-back of Rs 3,024 crore in provision for doubtful receivables, aided by collections against past overdue, the company said in its earnings release. The tower infrastructure company expects the resumption of network expansion by "a major customer" and rollouts by others, to drive growth. The consolidated profit after tax stood at Rs 4,003 crore, 160 per cent year-on-year increase as compared to Rs 1,541 crore in Q3FY24. The quarter saw an improvement on various metrics including return on capital employed, which rose to 29.3 per cent as against 19.2 per cent on Y-o-Y basis. "We are pleased to see our ability to maintain a dominant share of our major customers' rollouts reap dividends in the form o
In October, the Treasury finalised rules effective Jan 2 that will limit US investments in artificial intelligence and other technology sectors in China
Transfers to states from Centre are down 20 per cent compared to last year in the April-October FY25 period
Country expected to expand its subscriber base to over 30 million
The World Telecom Standardization Assembly in Delhi adopted resolutions across new tech areas
Trai's new mandate, set to take effect on November 1, would require traceability of messages sent by principal entities, including banks, e-commerce platforms, and financial institutions
No auction of satellite spectrum: Telecom minister
India is resolved to lead the world in 6G, communications minister Jyotiraditya Scindia said on Tuesday, terming the telecom sector of the country as 'aggressive' and 'ambitious'. Scindia, speaking at the inauguration of India Mobile Congress and World Telecommunication Standardization (WTSA) 2024, said with the Bharat 6G Alliance, India hopes to contribute at least 10 per cent patents to 6G standardisation. "It is our belief and our commitment -- India followed the world in 4G, we marched with the world in 5G, but we shall lead the world in 6G," the minister asserted. With the fastest 5G rollout in India wherein 98 per cent of districts and 90 per cent of all villages were covered in a span of just 21 months, Scindia said it is the Prime Minister Narendra Modi's effort of not just embracing, but bracing the country to become the first-mover in 6G technology. "It is noteworthy that the Indian Mobile Congress and the International 6G Symposium demonstrates both local and global ...
More than half of respondents who have migrated to the 5G network have experienced a reduction in call drops and an improvement in data speed, online survey firm LocalCircles said in a report on Monday. According to the survey, 53 per cent of smartphone users surveyed say the call drop or connect situation has improved after migrating from 3G and 4G to 5G services. Around 30 per cent of respondents shared that there has been no improvement in the call drop rate, 9 per cent complained that it has somewhat deteriorated, and 5 per cent shared that the call drop problem has "significantly deteriorated" in the survey. LocalCircles claims that the survey received a total of over 47,000 responses from consumers (smartphone users) located in 361 districts, while the number of responses to each question varied. The survey conducted between August 5, 2024, and October 10, 2024, found that 60 per cent of smartphone users surveyed who have migrated to 5G say the data connection is faster compa
How spectrum for satellite services in India will be given out has been a contentious issue since last year
Telcos also complain about AGR calculations, exclusion of OTTs in new regime
State-owned telecom company was the only one in industry not to raise tariff
Nokia said the fibre deal with AT&T is "Build America, Buy America-compliant", to meet the requirements of U.S. government funding
JioAirFiber, the company's 5G-based home Wi-Fi service launched in October last year, acquired 1 million customers in the first six months, and the next 1 million in succeeding 100 days, Ambani said
The Telecom Regulatory Authority of India (TRAI) on Tuesday hardened its stance on pesky telemarketers, as it directed telcos to take specific measures to curb misuse of messaging services and protect consumers from fraudulent practices. Continuing its offensive against unsolicited spam calls and messages, TRAI made it clear that from September 1, 2024, all access service providers will be prohibited from transmitting messages containing URLs, OTT links, or call back numbers which are not 'whitelisted' (authorised) by the senders. To enhance message traceability, TRAI has mandated that the trail of all messages from senders to recipients must be traceable from November 1, 2024. Any message with an undefined or mismatched telemarketer chain will be rejected. The latest move assumes significance as TRAI has cracked the whip on unauthorised telemarketers indulging in promotional calls and messages to telecom subscribers. Last week, TRAI directed telcos to disconnect all telecom resourc
Ready to begin 5G services through Standalone technology, telco says
With this date having been passed, the government now has to step in and deposit the necessary funds in the designated trust and retention account at least three days before the due date
The Department of Telecom has invited research proposals on 'Quantum Standardisation and Testing Labs' from Indian academic institutions or research and development institutions, an official release said on Sunday. The goal is to drive research and development in quantum technologies, ensuring the interoperability, reliability, and security of quantum communication systems. These labs will serve as innovation hubs, uniting quantum technology developers, testing equipment manufacturers, and academic researchers to explore and harness the full potential of quantum technologies for the benefit of all citizens. "The initiative aligns with the Prime Minister's vision for 'Jai Anushandhan', aiming to support research and development in telecom products and technologies that directly enhance the lives of Indian citizens," the release said. It underlines efforts towards making India self-reliant in quantum technologies and setting global benchmarks in this cutting-edge field. "The effort
The Telecommunications Act of 2023 was approved by both Houses during the Winter Session in December last year and received presidential assent in the same month
The telecom subscriber base in the country has crossed the 1.2 billion user mark for the second time, with Reliance Jio leading the chart in terms of new additions and the total customer base, according to a sector regulator Trai's report. According to Trai's monthly subscriber report, the total telecom subscriber base increased by 0.16 per cent to 1,201.22 million at the end of April from 1,199.28 million in March 2024. The total subscriber base crossed the 1.2 billion mark in May 2017, and touched a record of 1.21 billion in July 2017. Wireless subscribers continue to dominate the total subscriber base, with 1,165.49 million during the reported month. Reliance Jio led the growth in the wireless segment by adding 2.68 million net new subscribers, taking its total customer base to 472.42 million. It was followed by Bharti Airtel, which added 752 thousand customers, thereby its subscriber base growing to 267.57 million in April 2024. The huge loss of 1.23 million subscribers by ...