The Department of Telecommunications (DoT) is in the process of issuing a show-cause notice to Vodafone Idea (Vi) for delaying the payment of licence fee. Companies pay 8 per cent of their adjusted gross revenue as licence fee. This also includes a universal service obligation levy. The fee is collected from each of the 22 telecom circles in the country on a quarterly basis.
HDFC Bank on Tuesday ruled out merger with its parent HDFC or acquiring smaller banks in the near future, but said it has embarked on an aggressive organic growth path in India and abroad.\n\n
Need for much more investment; sector would like govt help
Ashok Shandilya of India suffered a shock defeat against Aung San Oo of Myanmar in a thrilling tie.
The Sunil Mittal led firm accused the regulator of "wrongly" holding Jio's promotional offer as compliant with the regulatory guidelines
The auction of radio waves used for mobile services saw a muted opening on Tuesday, with five rounds attracting bids worth about Rs 11,000 crore from telecom companies. The government has put over 10,500 Mhz spectrum in eight frequency bands -- 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz and 26 GHz, valued at Rs 96,238 crore at base price, for auction.
The Supreme Court in February, 2012 had quashed 122 2G licences.
Bharti Airtel has paid Rs 11,374.7 cr while upfront amount due from it was Rs 7,832.20 cr
Vodafone's operating loss from India business jumped to 692 million euros in April-September from 133 million euros in the same period last year.
Airtel, Vodafone, Idea, RCom, Reliance Jiosubmitted applications.
Cellular operator Idea has announced three new tariff packages for pre-paid customers including a card worth Rs 349 mainly for those who would be using their phones for incoming calls.
Analysts believe making mobile data more affordable will fuel mass market adoption of data services
The case is likely to come up for hearing on Monday.
ONGC was the top performer while private banking major ICICI Bank extended gains
Airtel, Vodafone, BSNL increase subscriber share while Idea manages to retain
A total of 41 companies had applied for the permit
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
Department of Telecom had sought the legal opinion of the matter from the government's counsel.
The minister said the companies have given representation which is being examined by the DoT before taking a final decision.
After Airtel and Hutch, cellular operator Idea, an Aditya Birla Group Company, has lowered ISD rates by 80 paise per minute.
The new proposals will lead to complex processes and huge costs for telecom service providers, without any substantial benefits: COAI
Demand for 1,800-MHz weak but govt secures a combined Rs 42k cr on Day-1
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
Total revenue dropped by 10.5 per cent to Rs 19,634 crore in the fourth quarter of 2017-18
Mobile phone service providers alone jointly reported gross revenue of Rs 55,164.18 crore (RS 551.64 billion).
As per the latest data released by Telecom Regulatory Authority of India (TRAI), Vodafone Idea -- born last year from the merger of older operators Vodafone India and Idea Cellular -- continues to be the largest operator with 38.75 crore consumers and 33.36 per cent market share in the wireless segment as on May 31, 2019.
The Aditya Birla Group announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial services arm
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
GSM based mobile service providers jointly added over 44 lakh new customers, taking their cumulative customer base to 67.88 crore in September, according to data released by industry body COAI on Wednesday.
Cellular Operators Association of India (COAI) and Association of Unified Telcom Service Providers of India (AUSPI) have opposed the proposal to compensate consumers.
The onus of the tax dues of Rs 22,100 crore on Vodafone India's British parent could also fall on the merged entity.
Currently, MNP is only available within a state/circle.
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
Jio says it has completed mobile number portability testing and is certified MNP-compliant
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.
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
The incumbents Bharti Airtel and Vodafone Idea recorded adjusted gross revenue of Rs 10,701.5 crore and Rs 9,808.92 crore, respectively, during the quarter.
Under the UASL norms, spectrum is linked to licences, and a particular band of radio wave is restricted to be used in a particular technology
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
