Debt-ridden telecom operator Vodafone Idea has decided to defer payment of additional adjusted gross revenues of Rs 8,837 crore dues by a period of four years. The company in a late night filing on June 22, said that the DoT on June 15, has raised adjusted gross revenue (AGR) demand for additional two financial years beyond 2016-17, which were not covered under the Supreme court order on the statutory dues. Vodafone Idea (VIL) in the filing said that its board of directors "has approved the exercise of the option of deferment of the AGR related dues by a period of four years with immediate effect, in accordance with the said DoT Letter.
'BSNL employee cost is Rs 14,500 crore and we anticipate that around 80,000 should opt for VRS.'
At an event at Chhatrapati Shivaji Maharaj Terminus in south Mumbai, Modi first flagged off the the CSMT-Solapur Vande Bharat Express and later another semi high-speed train linking the financial capital to Sainagar Shirdi temple town in Ahmednagar district.
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.
Mahanagar Telephone Nigam Limited slashes local and STD roaming tariffs, abolishes monthly rental for roaming for Delhi subscribers.
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 monopoly of state-owned service providers Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd in the public call office business is fast eroding.
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.
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 telecom majors should focus on improving service quality with a strong partner, and not on one-shot stake sales.
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
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.
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.
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.
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.
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.
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.
RCom and Tata Teleservices are the top net losers of subscribers under mobile number portability (MNP) services.
The overall wireless subscriber base increased to 114 crore at the end of June
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
Bharat Sanchar Nigam Ltd and Mahanagar Telecom Nigam Ltd on Tuesday cut STD rates to lower the mobile-to-mobile call charges from a peak of Rs 9 a minute to Rs 4.80 a minute.
BSNL, MTNL launch free night calling to win back consumers lost to mobile boom
Mahanagar Telephone Nigam Limited broadband users would now be able to make international long distance calls for as low as Re 1 per minute with the launch of a new internet telephony service by the operator in partnership with Aksh Optifibre.
The department of telecommunications has agreed to set up a search committee to look for new chairmen and managing directors for both, as suggested by the Sam Pitroda-led committee on the organsiation's revamp.
State-owned Mahanagar Telephone Nigam Ltd has signed a deal with an Israeli firm and its Indian partner to expand the telecom giant's IPTV services, which will enable TV broadcasts through telephone lines.
