Prime Minister Narendra Modi on Saturday inaugurated the 6th India Mobile Congress at Pragati Maidan in Delhi and launched 5G services. The 5G telecom services seek to provide seamless coverage, high data rate, low latency and highly reliable communications system. The three major telecom operators of the country demonstrated one use case each in front of the prime minister to show the potential of 5G technology in India.
This will be in line with government's vision of Digital India.
TRAI said that Internet service providers would not be allowed to discriminate on pricing of data access for different web services.
With the Adanis submitting an earnest money deposit (EMD) of just Rs 100 crore on Monday for the upcoming 5G spectrum auction, the apprehension among the rivals that the group is nursing ambitions of being an all-India mobile player has been allayed at least for now. Based on its EMD, analysts say it can buy spectrum worth just Rs 900 crore, whose use will be limited to enterprises and captive networks -- that too is likely only in a few circles where it has its infrastructure like ports, airports, and power stations. While getting all-India millimetre band spectrum of 400 MHz (which costs Rs 2,800 crore) is ruled out, it might choose circles like Gujarat and Mumbai to start with.
Equity investors became poorer by over Rs 8 lakh crore in five days of market plunge. The BSE benchmark has lost 2,062.99 points or 4 per cent in five trading sessions. On Thursday, the 30-share BSE benchmark tanked 585.10 points or 1.17 per cent to close at 49,216.52. Following the bearish trend, the market capitalisation of BSE-listed companies declined by Rs 804,216.71 crore to Rs 2,01,22,436.75 crore in five days.
HCL Tech was the top loser in the Sensex pack, shedding around 4 per cent, followed by Infosys, Dr Reddy's, TCS, Reliance Industries, Tech Mahindra and NTPC. NSE Nifty slumped 163.45 points to 14,557.85.
The Cellular Operators Association of India (COAI) has bluntly told the government there is no reason for its members to roll out 5G networks as they will be unviable if 'captive private wireless networks' are allowed to be run by enterprises. The COAI, which has Bharti Airtel, Reliance Jio and Vodafone Idea as its key members, has written to Communications Minister Ashwini Vaishnaw saying there is 'no business case for the roll out of 5G networks'. Permitting such captive networks will 'diminish the revenue so much that there will be no viable business case left for the telecom service providers and there will not remain any need for 5G network roll out by telecom service providers (TSPs)'.
Nokia launches Nokia 7 Plus, 8 Sirocco series in India; relaunches Nokia 6 with new features.
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
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Mark Zuckerberg on Friday said universal connectivity and net neutrality "can and must" coexist.
'The government is unwilling or unable to provide the kind of relief that Vodafone India is asking for.'
Jio to charge users 6 paisa/min for voice calls made to rival phone networks. However, these charges are not applicable on calls made by Jio users to other Jio phones and to landline phones and calls made using WhatsApp, FaceTime and other such platforms.
Consumers can expect a 5G launch in the country soon. Telecom companies (telcos) say if auctions take place on time - the target is July - they would be able to offer some services in a few cities by the end of this year and a full roll-out from 2023. But the question is: will 5G turn the tables for telcos financially? Will average revenue per user (ARPU) improve? Will mobile consumers upgrade to 5G quickly and pay more? Will the expanded functions that 5G enables drum up sufficient revenues? In simple terms, will telcos make more money?
Jio had launched the inaugural free voice and data plan in September last year, and in December, extended the freebies till March 31, 2017
Rediff.com gives you a lowdown on the net neutrality issue that is today part of the national discourse.
The interconnection charge has been reduced.
The company launched the smartphone as part of its great online shopping festival, that will take place from December 10-12.
Surajeet Das Gupta explains why Mukesh Ambani's target is by no means impossible.
Its pre-consultation paper has been silent on the issue of closed electronic communication network, a loophole telcos can exploit to offer discriminatory pricing.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
Airtel Zero launched with the promise of free access to apps.
Pavithra Srinivasan recently caught up with model-actress Sarah Jane Dias. In a tete-a-tete with rediff.com, she gets candid about her career, her personal life and a few of her favourite things.
Transcript of Nikhil Pahwa's chat with Rediff readers.
Union Communications and IT Minister A Raja has expressed his interest in bringing down national roaming rates to zero, further cutting international roaming rates and favouring technology neutrality in the country.
JAM magazine in association with IMS and Airtel is organising a musical extravaganza in Mumbai, Pune, Chennai and Bangalore.
Mittal said that overall, he expected that by March 2018, the "dust will settle down" for the entire industry.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Use a "virtual credit card" for every online transaction when you can't pay cash on delivery.
The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights issue, which meant shareholders as on that day would be eligible to apply. Shareholders will be able to apply for one share for every 15 shares held.
Key questions remain about the operational and financial viability of a completely paperless bank such as India Post, says Mayank Jain.
Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.
JioFiber, India's first 100 per cent all-fiber broadband service, will start from 100 Mbps and go all the way up to 1 Gbps. This will propel India to top 5 broadband nations globally.
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
Refuting the allegations of TRAI that the telecom service providers are making huge gains in the sector, the firms had said they have been investing hugely on the infrastructure.
ONGC was the top performer while private banking major ICICI Bank extended gains
In August, RBI allowed 11 business houses to start a payments bank.
Sibal said that Trai had compared India with China.
Indian CEOs might like to make some serious course correction.
Extending its new device plus data plan to more smartphones, the operator is keen to capture the youth's attention.
Xiaomi has unveiled its flagship Mi5 handset, priced at Rs 24,999.
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