Page 2 - Telecom Sectors

Vodafone Idea's chief financial officer Akshaya Moondra named CEO

Takes over from Ravinder Takkar, whose three-year term ends on August 18

Reliance Jio adds over 3.1 mn mobile subscribers in May: TRAI data

Reliance Jio cemented its lead in the Indian telecom market as it gained over 31 lakh mobile subscribers in May, as per data released by the sector regulator on Tuesday

BIF approaches DoT citing concerns over new captive private network norms

BIF has said that it is "puzzled" at the stated precondition for direct assignment of spectrum to enterprises that would entail Department of Telecom (DoT) undertaking demand studies

Relief for telcos as govt scraps spectrum usage charge ahead of 5G auction

Nomura estimates saving of Rs 1,400-3,000 crore for telecom firms

DoT's committee on licencing reforms to submit report by month-end

The telecom department is moving aheadtowards ushering the next round of reforms in the sector and a committee is expected to submit its report to the Department by the month-end

UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion

The move comes days after e& said it was looking to expand into new markets in Africa, Europe and Asia and in areas outside telecoms such as financial technology as its seeks to drive growth

Looming economic slowdown to stall telecom services sector growth: Report

Multiple factors like inflation, raising of benchmark interest rates, China lockdowns and the Russia-Ukraine war are set to hamper the growth of telecom and Pay TV services globally

A sub-optimal solution

BSNL-BBNL merger will not help

SC dismisses Loop Telecom's plea seeking refund of licence fee

"We have come to the conclusion that there is no merit in the appeals. The appeals are accordingly dismissed," the court said

State-run telco BSNL seeks Rs 40,000 cr support from government

This is beyond the Rs 69,000 crore relief package that was announced in 2019

Tech view: Bharti Airtel may rally another 15% once it scales all-time high

On the monthly time frame, the breakout above Rs 500 levels earlier has triggered strong upward momentum

Global telecom gear MNCs urge govt to change norms, seek level field

Global equipment manufacturers call for sweeping changes to calculation of value addition norms

Incremental spectrum usage charge only on holding in shared band: Trai

Trai has also recommended that suitable exit clause for intimation of termination of existing spectrum-sharing arrangement by the operators be included in the spectrum sharing guidelines.

Telecom Secretary Anshu Prakash asks industry to boost rural connectivity

Telecom services have grown in leaps and bounds becoming "a basic requirement in list of essentials" but the path ahead is fraught with "challenges" for the industry

India Inc's deal activity at a 6-year low amid Covid-19 pandemic

Last year, India Inc sealed deals worth $88.88 billion in the January-July period, but this year the total transactions are $56.73 billion, fueled mainly by RIL-Jio deals

DoT sets stage for spectrum auctions this year; MSTC selected as auctioneer

Given the high possibility of operators shying away from participation, the DoT is yet to decide on including the premium 5G spectrum in the tender.

DoT to bar foreign telecom vendors that exclude purchase from Indian firms

The order is part of govt's Public Procurement (Preference to Make in India) order 2017 which envisages to source domestically manufactured products to encourage 'Make in India'.

IndusInd Bank: No respite on asset quality yet as telecom exposure spooks

Despite the bank clarifying on its telecom sector exposure, it hasn't helped the stock price much

Telecom dues: Curative petitions rarely admitted by SC, say analysts

The rules around curative petition are fairly tight as the petitioner has to establish that there was a genuine violation of principles of natural justice, say analysts

Tariff offers transparency: Trai extends deadline for receiving comments

The move came after Trai received a significant number of complaints from individual consumers on lack of transparency in disclosure of tariff information