Two official sources acknowledged that Department of Telecom (DoT) is considering auctioning spectrum only up to 27.5 Ghz as sharing between the two services is difficult
The minister said that the Department of Telecom is working as per expected timeline and the process is on to resolve industry concerns around spectrum pricing
Bharti group-backed OneWeb and US-based SpaceX group firm Starlink Satellite Communications are in the fray to start satellite based broadband services in India
The company estimates that the pre-payment will likely result in interest cost savings of at least Rs 3,400 crore
Move follows satellite players' spectrum demand
The Department of Telecom has slashed performance and financial bank guarantee requirement of telecom operators by 80 per cent, according to a licence amendment note issued on Wednesday. Under the amended norms, telecom operators will be required to provide a performance bank guarantee of up to Rs 44 crore for each service for the telecom licence compared to Rs 220 crore mandated under the old rule. Similarly, telecom operators will need to provide a financial bank guarantee of maximum Rs 8.8 crore per circle now, against the previous requirement of Rs 44 crore. The rule will not be applicable in cases where bank guarantees (BG) have been furnished due to any court order or are subject to any litigation, the licence amendment note said. The rules will not apply to telecom operators, who are currently going through the liquidation process. The move will unblock the cash of telecom operators that they keep with banks to furnish BGs.
The move is expected to ease financial burden on the telecom sector and promote ease of doing business.
Matters are also a bit complicated since Telecom Secretary Anshu Prakash is due to retire at the end of September
DoT announced operational guidelines for Production Linked Incentive Scheme for telecom and networking equipment, notified on February 24 this year after extensive consultations with stakeholders
The trials will be conducted at various locations including Delhi, Mumbai, Kolkata, Bengaluru, Gujarat, Hyderabad, among others, according to industry sources
Telecom Department assigns frequencies to successful bidders; harmonisation of spectrum accomplished along with frequency assignments
Vodafone Idea Ltd (VIL) on Monday said it will be sending a "suitable clarification" to the telecom department
The Department of Telecom has filed an affidavit before Supreme Court on the status of statutory dues paid by telecom operators, a government official said on Tuesday
So far the company has made a total payment of Rs 3,500 crore
Callers will soon be required to add '0' prefix for making calls from landlines to mobile phones
Experts say the move will also encourage companies to focus on innovative products and solutions and improve BPM delivery efficiencies
Since the Supreme Court has now decided on a 10-year repayment tenure, it would clearly be a big challenge for Vodafone Idea, which is already steeped in debt
The Supreme Court finished hearing the AGR case on August 24, almost a year after its verdict on the definition of the AGR
DoT told the top court that their stand is that the spectrum cannot be sold by the telecom companies facing insolvency proceedings as it not their property
The company's future as a going concern, as it has admitted in its results for the June quarter of 2020-21, will be crucially dependent on the SC decision on repayment tenure