American Tower bulks up in India with $1.2 billion Viom stake buy
Taking the challenge from limited mobility services head-on, Bharti Group on Friday slashed cellular tariffs with outgoing calls costing maximum Rs 1.99 per minute and announced 20 per cent discount on international long distance calls.\n\n\n\n
7 rounds have been completed with bidding in all 4 bands
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Reliance Jio Infocomm has announced that it would launch commercial 4G services in 6 to 8 weeks.
The auction started off with the 36th round this morning. At the end of 35 rounds on Friday, bids worth around Rs 54,600 crore had been received by the government.
'The announcement has come too late. This should have been done years ago.'
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Telcos may hike mobile rates to recover spectrum cost: Moody's
The long-overdue consolidation makes indebted RCom an even more attractive partner for a soon-to-launch upstart led by older brother Mukesh.
Till now, Jio was primarily targeting the prepaid customer base, with only a few post-paid plans. Now, it is targeting post-paid customers, who usually spend over five times their prepaid counterparts and are more company-loyal.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While the draft M&A policy for the telecom sector has been revised a few times over the past few months, DoT has not made any major changes to guidelines.
Just a few weeks ago, Communications Minister Ashwini Vaishnaw did some tough talking with the senior managers of Bharat Sanchar Nigam Ltd, the ailing state-owned telecom service provider. The message was clear: They had to perform, quit by taking the voluntary retirement package or be compulsorily retired from service. The terse message from an otherwise polite and soft-spoken minister came just days after he announced a second and bigger package of Rs 1.64 trillion as part of a four-year turnaround plan for BSNL.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sustained foreign fund inflows and strengthening rupee are among the main reasons behind the market rally.
Troubled Vodafone Idea Ltd (VIL) has filed a review petition in the Supreme Court after the apex court recently dismissed its plea for rectification of the alleged errors in the calculation of adjusted gross revenues-related dues. In the petition, filed earlier this week, VIL has said it is "a travesty of justice" that the company is restrained from questioning the arithmetical errors/ omission which are going to cost it about Rs 25,000 crore (Rs 5,932 crore of principal plus interest, penalty and interest on penalty). VIL has said its contentions have been rejected by the order under review and added that this denial could result in the company going under and its about 27.3 crore subscribers being left "high and dry".
The liquidity-fuelled rally will continue for some time, however, fundamentals are getting stretched.
Laying fibre to home is a cumbersome and a slow process as every building has to be physically wired.
Trai had asked the Attorney General for views on Jio's free voice and data offering till March 2017, that rivals have termed predatory.
'If you are going to have only a handful of telecom players on whom the entire dream of Digital India rests, it's important they are financially sustainable.'
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The government on Friday unveiled long awaited Unified Licence norms that provide for delinking of spectrum from operational permits and allows companies to offer services using any technology.
The Nifty closed at 10,335.30, down 28.35 points, or 0.27 per cent.
Its plans, to cut tariffs by 40% or offer more data, comes bundled with 1 GB high speed data for 28 days with unlimited voice thrown in.
This is the index's biggest single-day fall in almost a month
Raises cap of market share for merged entity to 50%, spectrum trading allowed, with riders.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Nifty snaps 10-day winning streak
Sensex ends in green on boost from bluechip stocks.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
India is today the second-largest telecom market in the world with over a billion customers and close to 600 million Internet users. New connections are available on the tap, calls are virtually free and it's hard to imagine anyone without a mobile phone today. Globally, there would be few parallels to this success story that truly democratised telephony and empowered a billion-plus people, observes Airtel's Sunil Bharti Mittal.
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.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
This will be in line with government's vision of Digital India.
The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular
Telecom companies have put in bids worth Rs 58,332 crore (Rs 583.32 billion) in spectrum auction at the end of 49 rounds on the 7th day of bidding on Monday.
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