Telcos may hike mobile rates to recover spectrum cost: Moody's
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
More than 87 per cent of the spectrum has been allocated to bidders.
Govt is set to garner Rs 1 lakh crore from sale of radiowaves.
TRAI may recommend the DoT to levy one-time non-refundable fee of Rs 50,000 per operator for each service area in which they opt for spectrum sharing.
After initial success, data use is stagnating and getting consumers to spend additional money for high-speed internet is proving to be difficult for telcos.
'I'm an unbalanced human,' the founding partner of AZB, India's top law firm, tells Pavan Lall.
Telecom Regulatory Authority of India has recommended up 62 per cent reduction in base price of premium 2G spectrum and up to 37 per cent in case of radiowaves freed from the cancellation of 122 licences, compared to the amount fixed for previous auction.
The telecom spectrum auction entered the 33rd round of bidding today after starting off from the Rs 52,689 crore (Rs 526. 89 billion) mark this morning.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
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Reliance, Birla Group, Airtel eye small finance banks.
Dividend payouts seem recession-proof.
As per data, call drop situation in Delhi has improved.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Companies might have to shell out a fourth of the industry's annual net revenue to clear the obligation
While UltraTech Cement has been the biggest value creator adding nearly Rs 99,000 crore to its market capitalisation, Grasim Industries has added around Rs 27,000 crore to its market cap.
According to rating agency Fitch, India can in the long run support five-six profitable telecom operators.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
The uniform SUC, if implemented as per recommendations made by Telecom Regulatory Authority of India, will provide relief for mobile operators such as Airtel, Vodafone and Idea, but will increase rates for broadband wireless access spectrum holders like RJIL.
Every service provider, say analysts, now needs to make a much larger investment, and therefore needs a much larger share of the market to be profitable.
RCom may get around Rs 4,500 crore by trading its radiowaves to Reliance Jio.
Telcos have indicated that rates will have to be raised, as higher volumes alone will not suffice to meet the higher costs.
The dispute over the tax payable for its purchase in 2007 of the 67 per cent stake in Hutch is on an amount of Rs 11,200 crore (Rs 112 billion).
DoT had raised the demand on December 22 and asked RCom to pay within a month.
The telecom industry is moving towards a five-plus one model.
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
The entry of the deep-pocketed conglomerate is expected to heighten competition.
The letter was written on February 20, two weeks after the Cabinet Committee of Economic Affairs had approved the 100 per cent ownership proposal of Vodafone Plc in Vodafone India, at a proposed investment of Rs 10,141 crore (Rs 101.41 billion).
Telecom tower companies likely to invest around Rs 500 crore (Rs 50 billion) to enhance network.
The third round of spectrum auction continued to witness aggressive bidding even after completion of seventeen rounds on Wednesday with demands for both bands of airwaves on offer continuing to pour in.
With slower than expected growth in smartphone penetration, operators and OEMs are joining hands to provide affordable mobile devices with attractive offers.
Life Insurance Corporation of India has over Rs 7,000 crore in tax demand pending against it, the biggest across various categories.
The merger will result in substantial cost and capex synergies with an estimated net present value of around USD 10 billion after integration costs and spectrum liberalisation payments, with estimated savings of USD 2.1 billion annually from the fourth year of the merger.
Banking and telecom will see the highest impact of this transition.
Seeking urgent steps by mobile operators to check call drops, regulator TRAI on Wednesday said their performance would be reviewed after 15 days and warned it will "cross the bridge" if they fail to do the needful.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Most of the steep rate cuts announced might also not translate into bill savings for subscribers
Vodafone had contended in its plea that DoT instead of signing and executing the ULs had at the last moment informed them that their request for deletion of 'restrictive' clauses in licence pertaining to roaming cannot be accepted.
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