Companies might have to shell out a fourth of the industry's annual net revenue to clear the obligation
Indian mobile handset market was worth Rs 8,805 crore (Rs 88.05 billion) in 2004-05 out of which share of GSM handset was 84 per cent at Rs 7,384 crore (Rs 73.84 billion) with Nokia capturing a sizable chunk of marketshare at 62.3 per cent.
The companies have offered to pay upfront the principal amount due for licence fees and spectrum usage charges (SUCs) on the basis of adjusted gross revenue (AGR). This amount will not include the interest, the penalty, and the interest on the penalty.
People use Internet on smartphones, using apps which use their data to provide tailor-made services
It is learnt that the defence ministry is refusing to let go of its 100 MHz spectrum, which was allotted earlier. In that case, the department of telecommunications (DoT) will be left with only 175 MW of 5G spectrum of the total 300 MHz.
Indian telecom seems to be getting back on its feet.
Analysts at rating agency ICRA say the debt level of the telecom companies is very high and the ecosystem for the premium band is not in place.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
It said there is no part of the country that he did not visit during the 125 days between December 25 and May 1 as he crisscrossed from Kashmir to Kanyakumari and Jamnagar to Silchar, while speaking to students to scientists, farmers, entrepreneurs, foreign heads of state and political workers.
Analysts have pointed out that with the dues arising out of the SC judgment there could soon be only two private telcos in the country, and not three - Reliance Jio, Bharti Airtel and Vodafone Idea - as now.
In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.
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.
For 2100-MHz, 2300-MHz and 2500-MHz bands across circles; aim to offer these with 3G and 4G in February
When on October 24, the Supreme Court, on a petition moved by the government, ordered payment of past dues according to its new definition of AGR, the country's second-biggest carrier Vodafone-Idea Ltd warned of shut down if no relief is given. The total dues for the industry ran into a whopping Rs 1.47 lakh crore. For an industry that has come from 7-8 operators to just three private players and state-owned fourth operator, the warning by Vodafone-Idea sounded like a death knell.
To bring clarity, the department clearly defines terms such as promoter and competitor.
Small cells improve coverage in areas where traffic is high.
IIM Ahmedabad's CIIE signed a MoU with Tata Trust for founding partner for the Bharat Fund, which will provide seed funding to Indian entrepreneurs.
Need for much more investment; sector would like govt help
DoT decides not to scrap dual-technology telecom licences
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.
It is easy to criticise but difficult to transform an institution, says CJI Misra
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
While existing players are expected to first drop prices, acquisition of smaller firms by larger ones is likely in future
'If we wear a mask, social distance and vaccinate as many people, we may come out of this pandemic in 6 months' time.' 'If we decide to be disciplined, we can get out of this pandemic in the next 6 months.' 'If not, it is any body's guess.'
Components manufactured in India are low-value products like casing and box packaging that constitute 5% of the bill for materials required in phone manufacturing.
Bharti Airtel is the largest mobile phone operator in the country.
Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones.
Bhargava is a pioneer in the field of biotechnology in the country.
The Cabinet approved giving Bharti Airtel, Vodafone Idea Ltd and Reliance Jio an option to avail of a two-year moratorium on payments they were supposed to make in yearly installments for the spectrum bought in auctions.
'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'
The Swadeshi Jagaran Manch has pointed out that these firms pose a threat to domestic manufacturing and retailing as they do not pay relevant taxes such as GST, giving them a huge edge over local players.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
TRAI today made it mandatory for telecom operators to compensate consumers by one rupee for call drops with effect from January 1, 2016.
'If they were really serious (about conferring the Bharat Ratna on Savarkar) what were they doing for the last five years?' 'Why do they have to take so long?' 'Gandhi himself never got the Bharat Ratna so it does not really matter.'
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
Once called India's garden city, this upper middle-class residential area in Bangalore has India's most toxic air, says Devanik Saha, IndiaSpend.com.
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
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