Equity benchmark indices Sensex and Nifty buckled under selling pressure after a nine-session rally on Monday, as massive sell-off in IT, tech and telecom counters unnerved investors.
Department of telecommunication and intelligence agencies have long been demanding access to data on Blackberry phones, which is available only to the owners of the handset. RIM executives had met senior DoT officials recently.
The government has lost Rs 2,000 crore (Rs 20 billion) in just over a month after 1,300 group A officers, who constitute the top management and technical cadre in telecom giants BSNL and MTNL, rejected the ''inferior'' absorption offer.
In the quarter ending June 2022, the growth of Internet subscribers was less than one per cent of all of 2021.
Airtel already offers services in Sri Lanka, Bangladesh and 17 African countries apart from India.
Former Telecom Minister Sukhram has been held guilty by a Delhi court of misusing his official position when he was in the P V Narasimha Rao cabinet and giving undue favour to a cable supply company in a 15-year-old case.
A day before he is to surrender to undergo a three-year jail term in a 1993 telecom scam, former Union minister Sukhram on Wednesday moved the Supreme Court seeking stay on the Delhi high court order which had upheld his conviction in the case.
Despite its run-in with the Ministry of Corporate Affairs, Mumbai-based GSM telecom service provider Loop Telecom will launch its services in the Tamil Nadu and Orissa circles by next week.
Telecom sector has seen phenomenal growth over the past decade or so, says the prime minister.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
The company declined to disclose the names of the firms it was acquiring as the regulatory clearances and some negotiations are still in process.
The much-awaited guidelines on foreign direct investment in telecom are expected to be notified this month with companies likely to be given a maximum of four months
After targeting employees in the sectors of insurance, banking and hospitality, militants in Manipur have now targeted mobile operators in the state to continue their activities of extortion and abduction.The militants had earlier burned down mobile towers after employees of telecom companies refused to fulfill their demands. In February, militants of the Kangleipak Communist Party (Nongdrenkhomba faction) outfit burnt down a mobile tower and gunned down a security personnel.
Telecom Italia is targeting to reduce the debt significantly over the period 2009-2011. It plans to reduce net debt to earnings before by interest, tax and depreciation and amortisation ratio to 2.3 at the end of 2011 from over 3 at present.
The recommendations of the commission will now be put before the empowered group of ministers headed by Finance Minister P Chidambaram for a final decision.
The continued growth in the communications sector, especially mobile subscriber base, is expected to push further the level of energy consumption by networks, Trai said while releasing a consultation paper 'Green Telecommunications'.
In FY22-23, Samsung exported $4.09 billion smartphones from India -- an increase of 42 per cent over 2021, when it was $2.8 billion -- accounting for 35 per cent of all smartphone exports.
The chairman and group managing director of Bharti Enterprises, Sunil Bharti Mittal, was chosen the best Asian Telecom CEO
The CBI on Wednesday called Loop Telecom, CEO Sandeep Basu, Chairman of Shyam group Rajiv Mehrotra, former telecom minister A Raja's brother A K Perumal and close aide Sadiq Batcha, for questioning in relation with the 2G spectrum scam.
Telecom operator Bharti Airtel on Tuesday posted a 49.2 per cent jump in its consolidated net profit to Rs 3,005.6 crore for the January-March quarter of 2022-23 on the back of new 4G customers and strong growth in average revenue per user (ARPU). The company had recorded a net profit of Rs 2,007.8 crore in the same period a year ago. Bharti Airtel's consolidated revenue from operations grew by 14.31 per cent to Rs 36,009 crore during the reported quarter from Rs 31,500.3 crore in the March 2022 quarter.
The Department of Telecommunications (DoT) has significantly tightened the noose on mergers among telecom operators within a circle by imposing a three-year lock-in period, besides making it mandatory for them to take prior permission from the ministry.
With the heat over the 2G telecom spectrum scam rising, the Telecom Regulatory Authority of India on Thursday recommended the cancellation of 34 telecom licences of companies, including Etisalat, Uninor, Loop Telecom and Siestema, due to non-compliance of roll-out obligations.
Israel's Tadiran Telecom on Wednesday entered into a strategic alliance with BPL Telecom to sell its enterprise products including advanced digital PBX systems in India and said it would set up a joint venture with the Indian company for local manufa
India can build new technology in the telecom sector that leapfrogs the legacy systems in the West and leverage these systems to serve the global market, Satyam Computer Services director T R Anand said on Monday.
A senior official in the Telecom Ministry said the government is considering an exit option for the new telecom players who are struggling to roll out services.
Private telecom operators have managed to grab 43 per cent of the total revenue generated from telecom services during 2004-05, says a leading communications business magzine.
Reliance Industries' fourth investment cycle of an estimated USD 50 billion spending over the next three years could help the firm double its earnings, a report said. The firm's "fourth investment cycle this century has significant differences to past cycles, underappreciated energy tailwinds and the potential to double profits by 2027," Morgan Stanley said in a report. The spending is planned on chemicals, 5G, retail and new energy over the next three years.
Company has around 70,000 towers and it will explore various business models that can realise value of its infrastructure
Telecom infrastructure player Indus Towers has been largely ignored by investors with occasional bursts of trading when there's news flow. For example, the stock fell from Rs 188 (Jan 1, 2023) to Rs 135 (Jan 27) and then bounced back to Rs 165 in early February as the Government of India (GoI) converted Vodafone Idea's (Vi) debt into equity and Bharti Airtel pushed up its direct stake in Indus to 47.95 per cent. The cash-strapped Vi holds 21 per cent stake in Indus Towers and Indus also has substantial receivables to come in from Vi which is a negative overhang.
The plan of action ranges from drawdown of loans to seeking additional guarantees, to even recalling some of the loans, if the situation so warrants.
Mukesh Ambani, chairman and managing director of Reliance Infocomm has been chosen the 'Telecom Man of the Year 2004
The bulk of this money will, however, be spent on buying imported equipment, mainly from Europe and China.
Various corporate houses and multinational companies including AT&T, Russian firm Sistema, Sterlite, Hindujas, DLF, Parsavnath, Videocon and others have entered the fray to get telecom licences.
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