Telecom Tower

Here's why Exicom Tele-Systems was locked in 5% upper circuit on Jan 24

The rise in Exicom Tele-Systems share price came after the company announced that it has secured an advance purchase order worth Rs 1,412.48 crore from RVNL

Blocked Vodacom merger derails S African telcos M&A push: Analysts

Dominant companies like Vodacom and MTN say mergers would allow them to leverage existing networks as a springboard to extending and improving coverage

US lawmakers ask for briefing from telecom giants amid cyber attack reports

US Representative John Moolenaar and Congressman Raja Krishnamoorthi have called for a briefing from telecom giants Verizon, AT & T, and LumenTech after reports of a Chinese Communist Party (CCP)-sponsored cyber attack against the firms.In a post on X, the Select Committee on the Chinese Communist Party stated, "Chairman Rep Moolenaar and Ranking Member Congressman Raja requested that Verizon, ATT, & lumentechco brief the committee following reports of a CCP-sponsored cyber attack against the companies. "In response to alarming reports of a cyber attack allegedly linked to the CCP, US House Select Committee Chairman John Moolenaar and Congressman Raja Krishnamoorthi have formally requested a closed-door briefing from representatives of Verizon, AT & T, and LumenTech.This follows an October 5 report by the Wall Street Journal indicating that the attack penetrated the networks of several U.S. broadband providers, potentially compromising systems used for court-authorized ..

Vodafone Idea rings in $3.6 billion gear deal with global vendors

Marking Vi's first-ever tie-up with Samsung, new deal part of $6.6 bn capex plan

Telecom players' Arpu growth falls to 7.5% in FY24, shows govt data

Slow pace of growth precipitated the latest industry-wide tariff hikes

Had been tracking BT for 4-5 years, deal made in 2 weeks: Shravin Mittal

He tells that his investment firm unbound will soon become a billion dollar venture

Trai suggests digital terrestrial broadcasting to mobile devices

With over 300 million households in India there are more than 100 million without a television connection

Manufacturing telecom gear in India may get a Rs 3,000 crore push

TTDF aims to fund R&D in rural-specific communication technology applications

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)

Indus Towers Q4 results: PAT rises 32% to Rs 1,853 cr, revenue up 6.5%

Telecom infrastructure company Indus Towers on Tuesday reported around a 32 per cent jump in its consolidated net profit for the fourth quarter ended March 2024. It had registered a net profit of Rs 1,399.1 crore a year ago, as per the company's regulatory filing. The company's consolidated revenue from operations grew 6.5 per cent to Rs 7,193.2 crore during the reported quarter against Rs 6,752.9 crore in the March 2023 quarter. For the year ended March 31, 2024, Indus Towers posted close to a three-fold jump in consolidated profit to Rs 6,036.2 crore from Rs 2,040 crore at the end of the financial year (FY) 2023. The annual revenue from operations of Indus Towers remained almost flat at Rs 28,600.6 crore during the reported fiscal compared to Rs 28,381.8 crore in FY23. "The network expansion by a major customer and increase in our market share helped us deliver record tower additions, surpassing the milestone of 2,00,000 towers. On the financial front, we were pleased to see ste

Vi surrenders partial spectrum in Uttar Pradesh east, West Bengal

Debt-ridden telecom operator Vodafone Idea has surrendered partial spectrum in 900 and 1800 Mhz band that were due for renewal in 2024. While the amount of spectrum surrendered by Vodafone Idea could not be ascertained, sources indicated it to be around 12 megahertz in both bands. When contacted, Vodafone Idea spokesperson said, "Upon assessing our usage and needs, we have surrendered some spectrum in both West Bengal and UP East. We remain committed to providing seamless services to our customers while also focussing on optimising for operational efficiency and future growth". Separately, in an investor presentation, VIL said it has completed the minimum roll out requirement for 5G services in 4 telecom circles, and the company has a target to cover 40 per cent of revenues population coverage with 5G in the first 24-30 months.

BSNL installs 3,500 4G towers in 5 northern states: CMD Pravin Kumar Purwar

Tower installations to begin in Tamil Nadu and Madhya Pradesh soon

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

Pakistan increases telecom towers in PoK to help terror groups: Report

The project for boosting telecom signals has been completely handed over to the Special Communication Organization (SCO) led by Pakistani army officer Maj Gen Umar Ahmad Shah, it said

KKR, 2 other entities sell Indus Towers' share worth Rs 3,978 crore

Private equity major KKR, Canada Pension Plan Investment Board (CPPIB) and another entity sold Indus Towers' shares worth Rs 3,978 crore through open market transactions on Thursday. KKR through its arm Silverview Portfolio Investments Pte offloaded shares of telecom infrastructure major Indus Towers on the BSE. As per the bulk deal data, Silverview Portfolio Investments sold 13.08 crore shares of Indus Towers, while CPPIB disposed of more than 5.76 crore shares of the company, amounting to a 4.85 per cent and 2.14 per cent stake, respectively, in Indus Towers. Patronus Tradetech LLP also offloaded 2.26 lakh shares of telecom infrastructure company, as per the bulk deal data. The shares were sold within the price range of Rs 210.21-215.28 apiece, taking the transaction size to about Rs 3,977.94 crore. After the latest transaction, KKR through Silverview Portfolio Investments Pte sold its entire 4.85 per cent equity stake and exited the company, while shareholding of Canadian Pensi

Jio cements market lead, adds 3.45 mn mobile subscribers in Nov: Trai data

Reliance Jio moved to a higher gear adding 34.5 lakh mobile subscribers in November, improving on its October gains, as rival Bharti Airtel garnered about 17.5 lakh new wireless users, according to TRAI data released on Monday. Vodafone Idea, however, slipped further losing 10.7 lakh subscribers in November, the monthly subscriber data by Telecom Regulatory Authority of India (TRAI) showed. The ailing telco's wireless subscriber base shrank to 22.44 crore in November. Reliance Jio's addition of 34.47 lakh mobile subscribers pushed up its wireless subscriber tally to 45.58 crore as on November. Mobile subscribers added by the country's largest telecom services provider Jio in November were higher than its user gains in October (about 31.6 lakh). After garnering mobile subscriber additions of 17.47 lakh, the subscriber count of Bharti Airtel in the wireless category stood at 37.98 crore.

4G launch in next 3-4 months once tower count hits 20,000: BSNL CMD

The company has mapped out large parts of these states for tower installation. This includes more than 4,200 4G sites in Andhra Pradesh and Telangana

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

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

American Towers set to sell loss-making India ops for $2.2 billion

I Squared Capital leading race to buy 77,000 towers

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