Telecom Market

Network infrastructure company SAR Televenture on Monday announced that it will acquire internet service provider Tikona Infinet for Rs 669 crore in a cash and stock deal. The two parties have entered into an agreement under which SAR will acquire a 91 per cent stake in Tikona for Rs 669.04 crore in cash and stock deal, a statement said. Tikona Infinet will become a significant subsidiary of SAR Televenture and Tikona shareholders will get SAR Televenture shares. SAR, which is listed on the SME platform of NSE, would be able to expand its business post-deal, especially those in the enterprise sector, the statement said, adding there are operational synergies between the two businesses which will create cost savings. Post deal completion, timelines for which were not revealed, the SAR group will become an integrated telecom services provider with a presence in ISP services, IP1 services, broadband and enterprise services, the statement said. In FY24, the registered sales of the ..

Telecom gear maker Prose Technologies Prose expects its India business to grow in the range of 10-12 per cent year-on-year over the next three years and clock around Rs 670 crore revenue this fiscal, a senior official of the company said. Prose Technologies President for India Region, Arshad Fakhri, told PTI at the India Mobile Congress that the company expects current 4G expansion by all three operators - Reliance Jio, Bharti Airtel and Vodafone Idea followed by 5G will drive the company's growth in the country. "We are likely to grow in the range of 10-12 per cent year-on-year over the next three years. We expect to clock revenue of around USD 80 million (about Rs 670 crore) in the current financial year," he said. Fakhri said that the next generation of telecom networks will be dominated by artificial intelligence workload which is fuelling demand for green antennas. He said that the company has for the first time introduced green Protreem antennas that work at 85 per cent ...

Speaking at the India Mobile Congress, Scindia emphasised on the scope of India's tremendous opportunity in advancing 6G technology

Indians lost at least Rs 500 crore to fraud in the six months before March, prompting the Centre to form an inter-ministerial panel to address gaps in banking, immigration, and telecom

9,560 unconnected villages got signal in first 100 days of govt

After 5G, India is now gearing up for 6G rollout which will spur the growth that is required to achieve the developed nation status, Telecom Secretary Neeraj Mittal said on Wednesday. Mittal said that the government has replaced 150 years old Telegraph Act with a new Telecommunications Act which is expected to stand the test of time for the next 20-30 years. "5G technology has been already rolled out. We are now planning for 6G. All of them will spur the growth in achieving the developed nation status that we are yearning for," he said while speaking at a public relations industry event Prana. Mittal said that the race of technology is not going to stop. He said policymakers need to visit global manufacturing hubs in countries like Vietnam and China and get their acts together to replicate the success stories in India. "I think the 12 (industrial) cities which the government has announced will be able to do that. I think if we can do that in 100th years, at 2047, we will not fail o

Indian telecom players are targeting a share of 10 per cent of all 6G patents and one-sixth contributions to global standards in the next three years, an official statement said on Saturday. Telecom industry players have proposed to systematically align research to 'India's needs' and put in place a vibrant "Standards Community". The proposal came up during the second meeting of Stakeholders Advisory Committee (SAC) on Telecom Service Providers (TSPs) which was chaired by union telecom minister Jyotiraditya Scindia on Friday. "Industry leaders proposed systematically aligning research to India's needs' and put in place a vibrant 'Standards Community' targeting a share of 10 per cent of all 6G patents and one-sixth contributions to global standards in the next 3 years," the statement said. During the first SAC on telecom operators, certain focus areas were identified. Deliberations on international standards and India's share in Intellectual Property and Standard Essential Patent .

Traditional telecom operators are pushing for over-the-top (OTT) services, such as WhatsApp and Google Meet, to be regulated on par with themselves to ensure a 'level playing field'

The Jio True5G network now carries almost 30% of Jio's mobility data traffic, the company said in its annual report 2023-24

Encouraged by the favourable trial outcomes and performance matching on par with current suppliers, Vodafone Idea has extended Samsung deployments to the Karnataka and Bihar regions

On June 19, Vodafone sold 18 per cent stake in Indus Towers for Rs 15,300 crore to repay debts. Post stake sale, Vi's holding in Indus Towers stood at 3.1 per cent

Telecom major Vi plans to invest Rs 50,000-55,000 crore over the next three years to enhance and strengthen its 4G connectivity and rollout 5G networks in key markets

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)

Notably, the stock is among the top gainers on Bombay Stock Exchange (BSE)

The move by the subsidiary of Spanish group Telefonica is a global first where an existing mobile operator is switching its core network to a public cloud

The SC has refused to accept the plea seeking clarifications on administrative allocation of spectrum

Telecom operator Vodafone Idea's (VIL) board has fixed the FPO offer price at Rs 11 per equity share, according to a regulatory filing. The anchor investor offer price of Rs 11 per equity share has also been greenlit by the board. "... Following resolutions were also passed... determined and approved the offer price of Rs 11 per equity share... approved the anchor investor offer price of Rs 11 per equity share," VIL informed. Debt-laden telecom operator Vodafone Idea Ltd has raised Rs 18,000 crore pulling off India's largest-ever follow-on public offering (FPO) as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed on Monday evening. The fundraise will arm VIL with an ammo to improve its competitive positioning in the Indian telecom market, where it trails Reliance Jio and Bharti Airtel, by a wide margin. "Further to our letter dated 17 April 2024, intimating you about the meeting of the board of directors of the ..

Vodafone Idea FPO: A total of 74 schemes received allotments in the anchor category, with US-based GQG Partners subscribing to Rs 1,347 crore worth of shares

Around 50 million 2G handsets are sold annually, with over 500,000 2G base tower stations deployed throughout the country

Indian telecom gear maker HFCL has announced a strategic expansion into Europe with the setting up of an optical fibre cable manufacturing plant in Poland. In a release, HFCL said the move marks a milestone in the company's global expansion strategy, aimed at addressing the increasing demand for OFC in European markets such as the UK, Germany, Belgium, France, Poland, among others. HFCL's manufacturing unit in Poland will begin with a capacity of 3.25 million fibre km (fkm) and scalable up to 7 million fkm, with an initial capital outlay of up to Rs 144 crore, thus fulfilling the increasing OFC demand. "This strategic move will not only enhance HFCL's agility but also reduce transit times by approximately six weeks, thereby enabling increase in order fulfilment capacity," it said. The establishment of the manufacturing facility in Poland will be facilitated through the incorporation of a new stepdown subsidiary in Poland under HFCL B.V., a wholly-owned subsidiary of the company in