Top companies have grabbed a bigger pie of their sectors in the pandemic period, leading to a further rise in market concentration in many industries as measured by the Herfindahl-Hirschman Index (HHI). The HHI score, which indicates competitive intensity in an industry (or a lack of it), reached a new high in FY21 as bigger firms raised their revenue market shares either organically or through mergers and acquisitions. A higher HHI score indicates a rise in market concentration in favour of a few firms while a lower score means that the industry's revenue is more evenly divided among many companies
Bharat Sanchar Nigam Ltd has started talks on synergising operations with Mahanagar Telephone Nigam Ltd, which offers telecom services in Delhi and Mumbai.
The proposal gains significance because the merger plan was given a quiet burial under former telecom minister A Raja.
At least 14 workers were injured after a girder of an under-construction flyover at MTNL junction in suburban Bandra Kurla Complex in Mumba collapsed early on Friday, civic officials said.
The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the fund managers said.
The Department of Telecom on Tuesday approved applications of telecom companies -- Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL -- for conducting 5G trials but none of them will be using technologies of Chinese entities. The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies.
If candidates from the private sector are selected, this will be the first time that these telecom PSUs are headed by chiefs from the private sector.
Public sector telecom majors Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd on Friday launched broadband Internet services in over 200 cities across the country, fixing a highly competitive Rs 500 per month tariff for home users.
Even as the ITSA has opposed appointment of MTNL's director finance as the corporation's new CMD alleging that serious complaints against him were pending investigation, Communications Minister Arun Shourie has dismissed the charges.
The PSU announced a plan that will offer customers high speed (2 mbps) Internet access at a monthly rental of Rs 99 and 150 mb free download. Alternately, users can opt for a monthly rental scheme of Rs 149 with free download of 400 mb.
India's largest telecom operator Reliance Jio gained over 79 lakh mobile users in March, comfortably surpassing the combined net adds by rivals Bharti Airtel and Vodafone Idea during the month, according to data released by TRAI on Friday. Bharti Airtel added 40.5 lakh wireless users, and interestingly Vodafone Idea gained 10.8 lakh customers during March (compared to the previous month). Reliance Jio added a staggering 79.18 lakh wireless subscribers in March, taking its customers base to about 42.29 crore.
Mahanagar Telephone Nigam Limited slashes local and STD roaming tariffs, abolishes monthly rental for roaming for Delhi subscribers.
The overall wireless subscriber base increased to 114 crore at the end of June
In the new world of 3G mobile telephony, you are face-to-face with your friends or business partners even when you are miles apart.
The telecom majors should focus on improving service quality with a strong partner, and not on one-shot stake sales.
The monopoly of state-owned service providers Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd in the public call office business is fast eroding.
Minister of State for Communication Shakeel Ahmad said that the exact modalities for effecting it would take some time because of the complexities involved.
The race for control of Kuwait-headquartered Zain Telecom has quickened with the Indian consortium led by Delhi-based Vavasi group saying it is willing to give a majority stake in the consortium to state-owned Bharat Sanchar Nigam Ltd or Mahanagar Telephone Nigam Ltd, depending on which company gets government approval to go ahead with the deal.
An apex committee under DoT Secretary R Chandraskehar has been set up to oversee the required policy decisions and institutional framework for an alliance between the two public sector undertakings which have been incurring losses.
India's second-largest telecom operator Bharti Airtel on Tuesday posted more than twofold year-on-year jump in its consolidated net profit for the March quarter to Rs 2,008 crore, buoyed by a lift in average revenue per user and an exceptional gain. The telco said its Q4 scorecard was backed by strong performance delivery across the portfolio and its CEO Gopal Vittal, in a statement, exuded optimism about opportunities in the coming years and Airtel being "well-poised" as a company. Airtel, which competes in the market with Reliance Jio and Vodafone Idea, as well as state-owned BSNL/MTNL, promised to maintain razor sharp focus on financial flexibility, optimising the capital structure and finance cost.
Given the security dilemma prevailing between India and China, India should curb the operation of Chinese telecom companies in India, asserts Dr Rup Narayan Das.
In a setback to state-run Mahanagar Telephone Nigam Limited, telecom dispute settlement tribunal TDSAT on Monday refused to grant a stay, through an nterim order, on implementation of the new Access Deficit Charge regime from February 1.
In a setback to telecom service providers, the Supreme Court on Thursday allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from them.
RCom and Tata Teleservices are the top net losers of subscribers under mobile number portability (MNP) services.
The government is considering buying back shares of Mahanagar Telephone Nigam Ltd from the market as one of the options to pave the way for its merger with Bharat Sanchar Nigam, which is not listed on the bourses.
Eyeing overseas acquisition in a big way, the state-owned Mahanagar Telephone Nigam Ltd is likely to bid for Rwanda Telecom, which is being put on divestment by the African country.
BSNL, MTNL launch free night calling to win back consumers lost to mobile boom
These customers will be unable to meet the lowest recharge requirements for Jio, meaning they will either exit the market or migrate to BSNL/MTNL.
Taking head-on the private cellular operators, state-owned Mahanagar Telephone Nigam Ltd on Friday announced up to 60 per cent reduction in tariffs for cell-to-cell long distance calls.\n\n\n\n
India was among the top-five economies with the largest general government capital stock level, said, in 2015, an International Monetary Fund report called "Making Public Investment More Efficient". The report fuelled a debate on countries sitting on piles of cash that could be used better. India was believed to have public assets worth $4.5 trillion. The report urged countries to start asset recycling. Six years after the report, Australia's success in asset recycling has turned India into a believer; despite doing averagely in its previous efforts on roads, railways or meeting its divestment targets.
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