Page 3 - Telecom Sector In India

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)

Alcatel-Lucent Enterprise eyes €100 million revenue from India in 3-5 years

Headquartered in Paris, France, ALE has a presence in more than 50 countries globally. In India, the company has around 250 employees

VIL shareholders approve plan to raise authorised share capital to Rs 1 trn

Debt-ridden telco Vodafone Idea shareholders have approved a proposal to raise its authorised share capital to Rs 1 lakh crore and issue equity shares on a preferential basis to promoter group firm Oriana Investments, a regulatory filing said on Thursday. According to the scrutiniser report of the extraordinary general meeting (EGM) held on May 8, all special resolutions have been approved by the majority of the shareholders, with a minuscule percentage of voters opposing them. "All the resolutions mentioned in the EGM Notice....stand passed with requisite majority," the scrutiniser report said. Vodafone Idea (VIL) has sought shareholders' nod to raise companies authorised share capital to Rs 1 lakh crore from Rs 75,000 crore, following its recent Rs 18,000 crore follow-on offering (FPO). The company had also sought shareholders' nod to issue preferential shares worth Rs 2,075 crore to promoter group firm Oriana Investments Pte- an Aditya Birla Group entity.

Strong signal for telecom sector after successful Vodafone Idea FPO

VIL and Airtel have an instant ARPU upside if they can convert voice-only 2G users to 4G (all Jio users are data-enabled)

Telecom sector AGR rose 1.88% sequentially to Rs 67,835 crore in Q3 FY23

The monthly average revenue per user (ARPU) for wireless service rose to Rs 152.5

Telecom service sector's AGR up 1.8% to Rs 67,835 cr in Dec 2023 qtr: Trai

The Adjusted Gross Revenue (AGR) of the telecom service sector rose 1.88 per cent on a sequential basis to Rs 67,835 crore in the December 2023 quarter, according to telecom regulator Trai's data. Seen year-on-year, the AGR (earned by telcos from the sale of telecom services and other stipulated items) increased by 7.84 per cent. "Gross Revenue (GR), Applicable Gross Revenue (ApGR) and Adjusted Gross Revenue (AGR) of the telecom service sector for the quarter ended December 2023 have been Rs 84,500 crore, Rs 81,101 crore and Rs 67,835 crore, respectively. GR increased by 2.13 per cent, ApGR increased by 1.70 per cent and AGR increased by 1.88 per cent in the quarter ended December 2023, as compared to the previous quarter," Trai's latest report 'Indian Telecom Services Performance Indicators' showed. Access services accounted for 82 per cent of the total adjusted gross revenue of telecom services. "In Access services, Gross Revenue (GR), Applicable Gross Revenue (ApGR), Adjusted Gr

Airtel launches international roaming packs starting at Rs 133 per day

Telecom giant Bharti Airtel on Tuesday unveiled affordable international roaming packs for customers with tariffs starting at Rs 133 per day. The new range of packs covers 184 countries and offers enhanced data benefits, in-flight connectivity and 24x7 contact centre support, according to a company statement. Customers travelling to these 184 countries no longer need to subscribe to multiple packs for various travel destinations, Airtel said, adding that they will now have the convenience of choosing the duration of travel and enjoying seamless connectivity anywhere in the world through one single pack. "The packs offer greater value with enhanced benefits that are economical when compared to local in-country sims across many countries," Amit Tripathi, Director - Customer Experience and Marketing at Bharti Airtel, said.

Vodafone Idea, Indus Towers: Why IIFL Sec is bullish on telecom sector

IIFL Securities has also upgraded Indus Towers stock to 'Buy' with a target of Rs 379, and has raised Bharti Airtel stock's target price to Rs 1,379

Porting requests at 8-month low; Voda biggest loser among major providers

In Feb 2024, subscribers made nearly 12 mn portability requests, lowest since June 2023

DoT secy launches experimental module for 5G labs, grants 1,500 permits

Telecom Secretary Neeraj Mittal on Friday virtually launched an experimental licence module for 100 5G Labs during a workshop at IIT Madras, an official statement said. The Department of Telecom (DoT) has granted around 1,500 experimental licences for 5G labs since the launch of the programme for carrying out trials and testing use cases for 5G services, the statement said. "In a move to smoothen the processes for 100 5G Labs across academic institutions in India, Secretary (Telecom), Dr Neeraj Mittal, virtually launched the experimental licence module for 100 5G Labs during a 5G workshop at IIT Madras. "This initiative aims to simplify the experimental licence requirements for these institutions, facilitating smoother operations and fostering innovation in the 5G domain," the statement said. The licences are being issued on 'self-declaration mode' from the Saralsanchar portal of DoT through National Single Window System (NSWS), the statement said. "To date, about 1,500 licences h

Cases of equipment thefts at all-time high; COAI seeks DoT's intervention

Industry body COAI on Friday sought the government's intervention on the issue of rising cases of telecom equipment theft and said telcos are incurring huge losses and expenses in replenishing equipment at affected sites, and even customers are suffering. The Cellular Operators Association of India (COAI), which counts operators like Reliance Jio, Bharti Airtel and Vodafone Idea as its members, wrote to telecom secretary Neeraj Mittal, flagging the issue. The association has urged the Department of Telecom (DoT) to write to all State Chief Secretaries to prioritise such complaints and ensure strict action on the same. COAI also urged the DoT to issue orders for the immediate blocking of several foreign websites (including eBay, Alibaba, Telefly, Seeker816, Dorfatrade) that are "selling active equipment" suspected to have been stolen from networks of member telcos. "It is...critical that these websites are blocked immediately," COAI said. COAI requested the DoT to urgently interven

Vodafone Idea plans to raise up to Rs 45,000 crore through equity, debt

Funds to be spent on 4G & 5G networks, capacity expansion

Vodafone Idea board to meet on Feb 27 to consider fundraising proposals

Billionaire industrialist and Aditya Birla Group Chairman Kumar Mangalam Birla on Thursday underlined the group's firm commitment to the cash-strapped telco Vodafone Idea, and asserted that efforts are on to rope in external investors. On how soon such investors could be onboarded, Birla told PTI, "We are making good progress but can't put in a timeline." "We remain very committed to Vodafone Idea and like we have said in public domain, efforts are on to get outside investors," he said, while speaking at a conference here to mark the launch of the group's decorative business.

Bharti Airtel Q3 results: Consolidated net profit rises 54% to Rs 2,442 cr

ARPU rises to Rs 208 from Rs 203 in Q2

Tech corpus positive, hope for full telcos' wishlist consideration: COAI

The long-term, interest-free or low interest rate loans and focus on deep tech will further encourage the private sector to scale up research and innovation, according to COAI

Before 5G launch, we will have clarity on how to monetise it: Voda Idea CEO

Launching 5G in October 2022, Vi's two main competitors-Reliance Jio and Bharti Airtel-have already launched 5G services in 7,764 and more than 5,000 cities, respectively

Govt warns users against dialling '*401#' followed by unknown mobile number

The Department of Telecom on Thursday issued an advisory to users warning against malicious calls that ask them to dial '*401#' followed by an unknown mobile number. In case a user dials '*401#' followed by an unknown number, then it leads to activation of unconditional call forwarding received on the mobile of the user to the unknown mobile number. "The Department has advised citizens to beware of receiving malicious incoming calls asking them to dial *401# followed by some unknown mobile number. "This activates unconditional call forwarding received on the mobile of citizens to the unknown mobile number. This allows fraudsters to receive all incoming calls and can be used for fraud," the statement said. Explaining the modus operandi of the scam, the DoT said a fraudster will call a telecom subscriber and pretend to be a customer service representative or technical support staff from their telecom service provider. The fraudster then states that either there is a problem with the

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

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

Telecom Bill to fast track allocation of spectrum in various sectors

19 sectors listed in Bill for allocation route, national frequency allocation plan to be revamped

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 .