Trai chairman attributed predatory price as one of the key reasons for deteriorating condition of telecom industry.
The government is not in a "crazy rush" to sell everything and it will continue to have a presence in four strategic sectors, including telecom, Finance Minister Nirmala Sitharaman said on Saturday. In strategic sectors, a bare minimum presence of the existing public sector commercial enterprises at the holding company level will be retained under government control. The remaining enterprises in a strategic sector will be considered for privatisation or merger with another PSE or for closure.
Trai and telecom companies are divided in their views on the issue of raising the foreign direct investment (FDI) limit in various media-related activities like cable television, direct-to-home, etc. Trai has proposed across-the-board increase in the FDI limit across cable (49 per cent), DTH (49 per cent), HITS (no existing limit) and satellite radio (no existing limit) to 74 per cent, as allowed in the telecom sector. Companies like Bharti Airtel are supporting this proposal
Ambani said Jio will offer the world's lowest data tariff
GailTel, the telecom arm of state-owned Gas Authority of India announced on Thursday an investment of Rs 750 crore (Rs 7.5 billion) over thr next five years to expand its telecom infrastructure, combining it with its proposed city gas pipeline.
Bharti Airtel, India's number one cellular operator on Tuesday received the nod from Bangladesh's telecom regulator to purchase 70 per cent stake in Warid Telecom and to invest $300 million in the company.
Communications Minister A Raja met Prime Minister Manmohan Singh on Wednesday and briefed him about the developments in the telecom sector including recent policy decision like introduction of number portability and releasing spectrum for third generation (3G) mobile services. The meeting lasted for about 25 minutes, official sources confirmed but did not give details.
How dominant are Chinese firms in India's sub-Rs 10,000 mobile device market? The question has become relevant as the government has been thinking of reserving this price segment for domestic players who have not been able to battle the Chinese onslaught. However, telecom firms and others are concerned that such a move could stymie the effort to build affordable 5G phones in the sub-Rs 10,000 category.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
India's 140 million mobile subscribers make missed calls to convey a pre-agreed message.
Riding high on the 40 per cent growth in its cards business, American Express is now eyeing telecom sector, super markets and lifestyle stores for its co-branded cards.
The Army has asked telecom companies to realise the security implications of such malpractices.
Mobile phone service providers alone jointly reported gross revenue of Rs 55,164.18 crore (RS 551.64 billion).
A year after Bharti Airtel launched 4G services, there are only 6.5 mn users in the country
With over 21 lakh new telephone subscribers added in the month of February, the teledensity has improved to 8.98 per cent, up from seven per cent at the end of March 2004.
Telecom Minister Kapil Sibal on Wednesday said the growth in the sector is essentially centered on adequate spectrum availability, assuring government will make all efforts to provide requisite airwaves to meet industry's demand.
This season, the nature of the advertising game has changed dramatically with TV and digital rights going to different entities.
India will attract $800 million in the manufacturing of telecom products and equipment during the current fiscal, Union IT and Communications Minister Dayanidhi Maran said on Monday.
The revamped stretch of the rechristened Kartavya Path -- from the Raisina Hill complex to the India Gate -- and the verdant lawns surrounding them were thrown open to the public on Friday after two years.
Kotak Mahindra Bank was the biggest loser from the Sensex pack, skidding 1.83 per cent, followed by Axis Bank, NTPC, Hindustan Unilever, ICICI Bank, Bharti Airtel, Reliance Industries, HCL Technologies, IndusInd Bank and Nestle. In contrast, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Tata Consultancy Services, Titan, Infosys, HDFC Bank, HDFC and ITC were the gainers.
The Telecom Regulatory Authority of India on Wednesday found the overall level of service quality of basic (landline) telephony services to be 'poor.'
The gross telecom subscriber base of fixed and mobile services rose by 9 per cent to touch 70.53 million by the quarter ended December 2003.
The government on Thursday sought to erase the impression that the hike in tariffs for telecom services has been made to favour cellular and private WLL operators patronised by business and upper segments of society.
The telecom sector's adjusted gross revenues have grown 13.2% year-on-year in the June quarter.
Bharti Airtel and Tata Group on Monday announced a strategic partnership for implementing 5G network solutions for India. Tata Group has developed "O-RAN (Open Radio Access Network) based Radio and NSA/SA (Non-Standalone/standalone) Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners", according to a joint statement. This will be available for commercial development starting January 2022.
A combination of one of the lowest labour costs and a large surplus workforce, which will continue to grow until 2031, is one of the key competitive edges that India is leveraging to challenge its rivals in Southeast Asia in the race for a China-Plus-One strategy. Apart from India, the countries in the race to woo global companies that manufacture in China, as well as the supply chains to their country include Thailand, Indonesia, Malaysia, the Philippines, and Vietnam. On the labour front, India is a clear winner.
The telecom dream that India is living is not without blemish.
Is self-reliance the right approach in a mega-buck game, or better to be part of a network? asks T N Ninan.
Prime Minister Narendra Modi will launch the much-awaited 5G services in India on October 1, 2022, an official release said on Friday. According to the release, 5G to be launched by the Prime Minister in select cities, will progressively cover the entire country over the next couple of years. The cumulative economic impact of 5G on India is estimated to reach $450 billion by 2035. Capable of supporting ultra-high-speed internet services, the fifth generation or 5G is expected to unleash new economic opportunities and societal benefits, serving as a transformational force for Indian society.
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
The minister had last month said that the guidelines will be out by October 15.
Prime Minister Narendra Modi on Tuesday asserted that there is a "huge difference" between pre- and post-2014 India, saying the country is now moving ahead at an "unprecedented speed and scale" as he showcased the achievements of his term in power to the Indian diaspora in Indonesia.
Government on Friday said the drive to make India a manufacturing destination for telecom equipment is likely to see foreign direct investment of up to $800 million in the current financial year.
The government is planning new regulations that may impose penalties on both the creator and the platform hosting deepfakes, as it looks to clamp down on what IT and Telecom Minister Ashwini Vaishaw described as "a threat to democracy".
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