Page 2 - Telecom Market

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)

Bharti Airtel surges 2% on mixed bag of Q4 performance

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

Amazon breaks Europe's 5G telecoms market through Telefonica cloud deal

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

SC's ruling on spectrum allocation won't affect satellite regulations

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

Vi approves offer price of Rs 11 per equity share for Rs 18,000 cr FPO

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 opens: Price band, how to apply & all you need to know

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

DoT will not intervene in 2G network shutdown; parks decision with telcos

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

Indian telecom gearmaker HFCL to set up optical fibre cable plant in Poland

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

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

Reliance's Jio, Gortune pre-qualify for Sri Lanka Telecom stake bid: Report

This is a part of Sri Lanka's efforts to reduce government stake in state-owned firms under the $2.9 billion International Monetary Fund (IMF) programme

Parliament winter session: Rajya Sabha passes Telecommunications Bill 2023

Parliament on Thursday passed a bill that seeks to allow the government to temporarily take control of telecom services in the interest of national security, and provide a non-auction route for the allocation of satellite spectrum. The Telecommunications Bill, 2023, was approved by the Rajya Sabha through a voice vote. It was passed by the Lok Sabha on Wednesday after a short debate. The Bill seeks to allow the government to temporarily take control of telecom services in the interest of national security, and provide a non-auction route for the allocation of satellite spectrum. It also allows the Centre to take possession of a telecom network in case of any public emergency or in the interest of public safety. Besides, it provides for stopping transmission and intercepting messages in case of public emergency, in the interest of the public, to prevent incitement for committing offence. According to the bill, the press messages of correspondents accredited to the Centre or state .

Telecom Bill consumer-centric, pro-investor; clarifies on key issues: BIF

Broadband India Forum (BIF) on Wednesday said the new telecom bill brings clarity on a slew of important issues facing the sector, including the regulator's power and functions, protection and duties of telecom users, and exclusion of OTTs from the purview of telecom regulations. In a statement, the industry body said its executive council, at its recent meeting, praised the bill, and termed it a historic milestone and extremely progressive. The bill, BIF said, is consumer-centric and investor-friendly, and will propel the growth of the sector. BIF said the bill brings in clarity on a plethora of key issues, including Trai's power and functions, protection and duties of telecom users and clarity in definition of telecommunication services. There is also clarity on issues such as exclusion of OTTs from the purview of telecom regulations, administrative allocation of satellite spectrum and certain other types of spectrum, right of way issues, spurring of Universal Service and ...

Govt considers revising PLI scheme for telecom to spur 5G adoption

Rs 1,500 crore sits unutilised as only 20 of the 42 companies met their targets at the end of the financial year in March 2023

Bharti Airtel CEO Gopal Vittal bats for e-sim in a letter to customers

E-SIMs also allow users to use multiple mobile numbers on a single e-SIM and make it easy to change devices

Telecom operators projected to lose Rs 250 cr in SMS revenue to OTTs

OTT business messaging traffic in India is predicted to reach 24.2 billion messages in 2028

E-commerce, telecom, BFSI most sought-after sectors by freshers: Survey

E-commerce, Telecommunications, BFSI, and IT are the most sought-after sectors for freshers, as these sectors provide substantial career growth opportunities and offer a better environment and work-life balance, according to a survey. According to the survey by job and professional networking platform apna.co, fresh talent is flocking to the e-commerce sector, which witnessed an impressive 22 per cent surge in applications. The BFSI sector showed an 18 per cent growth, while telecommunications and IT sectors followed with 13 per cent and 5 per cent, respectively. The report, which covered over 10,000 participants, noted that 6 out of 10 enthusiastic job seekers hailing from tier 2 and 3 cities like Surat, Jaipur, Gwalior, Bhopal, Indore, Lucknow, and Kanpur are setting their sights on the vibrant e-commerce and BFSI sectors. A substantial 6 out of 10 freshers are drawn to these sectors because of the substantial career growth opportunities. Around 34 per cent prioritise the stabili

Tariffs need to go up, industry should become viable: Airtel CEO Vittal

Telecom tariffs in India are low and need to go up, Bharti Airtel CEO Gopal Vittal said on Wednesday, asserting that the industry needs to become viable. The Airtel top honcho described 5G as a "long haul" where use cases are still evolving globally, and made it clear that the company is not in any race to beat its drum on having the largest, fastest rollout, but instead is sharply focused on delivering good experience for its 5G customers. He said Airtel does not believe in higher 5G tariff, but will continue to strive for overall hike in tariffs, while keeping the service most affordable and high quality. "We also understand that the needs of different segments of customers and really don't believe in one-size-fits-all. "For the telecom industry to continue to invest and deliver the digital vision of India, the industry needs to be viable and cross subsidisation, therefore or using the power of the balance sheet is not a sustainable proposition at the end," Vittal said at the Q2

Indus Towers Q2 results: Net profit increases 49% to Rs 1,295 cr

Telecom infrastructure company Indus Towers on Wednesday posted a 49 per cent increase in consolidated net profit to Rs 1,295 crore in the September quarter. The company had posted net profit of Rs 872 crore in the year-ago period. The consolidated revenue of Indus Towers declined 10 per cent to Rs 7,133 crore during the second quarter of the current fiscal from Rs 7,967 crore a year ago. "The revenue for second quarter included... Rs 1,076 crore from deferred recognition of revenues arising from the settlement of old dues with customers. The quarter also had an impact of Rs 1,771 crore due to provision for doubtful debt," the company said in a statement. "The quarter marked Indus Towers reaching a milestone of 200,000 macro towers, reaffirming its leadership position. We are also proud to have delivered another quarter of our highest tower additions, which translated into a steady financial performance," Indus Towers Managing Director and CEO Prachur Sah said. The company reporte

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

Trai recommendations on boosting telecom infra in NE progressive: COAI

Industry body COAI on Monday said regulator TRAI's latest recommendations on boosting telecom infrastructure in northeastern states are progressive and will drive socio-economic and digital progress in the region. TRAI's recommendation on exemption of Right of Way (RoW) charges in the rural, tribal and hilly regions for a five-year period will encourage telecom operators to invest further towards network deployments in lesser populated regions, the association said in a statement. "The industry is confident that if implemented in letter and spirit, these progressive recommendations will provide further impetus to proliferation of telecom and broadband services in the northeastern region of the country, thus propelling socio-economic and digital progress...," Cellular Operators' Association of India (COAI) Director General S P Kochhar said. Telcos, including Reliance Jio, Bharti Airtel and Vodafone Idea, are members of COAI. On provisioning power supply for the telecom sector, TRAI