The telecom ministry on Monday started issuing show-cause notices to telecom companies which allegedly suppressed information to bag licences or failed to roll out services in stipulated time.
The government will send notices to 85 companies asking why their licences should not be cancelled for suppressing facts, said Telecom Minister Kapil Sibal on Monday.
Tata Engineering & Locomotive Company has reported a 258 per cent increase in net profit at Rs 100.31 crore (Rs 1.003 billion) for the quarter ended June 30, 2003 as against Rs 28.03 crore (Rs 280.3 million) in Q1 FY03.
DoT plans to initiate move that might lower the revenues telcos share with government.
RJio will further add bottomline pressures on the already struggling telcos that will ultimately be forced to consolidate
Analysts expect that Bharti Airtel, Reliance Communications (RCom) and Idea Cellular will post over 50 per cent annual growth in revenues (year-on-year) and more than 10 per cent sequential growth (over the previous quarter). Bharti continues to lead in the subscriber addition race (2.1 million in August).
Videocon starts race, says will bid in eight circles, expects 5-MHz spectrum to go for Rs 20,000 crore
A meeting of the board of directors of Tata Engineering & Locomotive Company Ltd is scheduled on January 22, 2003 to consider, inter alia, the unaudited results for the third quarter ended December 31, 2002.\n\n\n\n
The Directorate General of Foreign Trade said in a directive that telecom operators will have to refund the duty sops availed under the commerce ministry's export promotion scheme for services -- Served From India Scheme.
While the company insisted it had enough spectrum across circles, analysts said the company might soon need to acquire some spectrum to ensure uninterrupted service.
The auction for the 5G spectrum is likely to take place around April-May next year, Communications Minister Ashwini Vaishnaw said on Thursday. While relief measures announced in September this year for telecom operators marked the first set of reforms, the government will bring out a series of further reforms and "telecom regulatory structure should change in coming 2-3 years", Vaishnaw said. Speaking at the 'Times Now Summit 2021', the minister said India's telecom sector regulation has to be benchmarked with the global best, and added that "so, we will come with a series of reforms in this, such that the global benchmark of regulations is achieved in India".
The telecom industry, with a cumulative debt of around Rs 2,75,000 crore (Rs 2,750 billion), has been mired in various controversies, besides facing intense competition, low tariffs and falling margins.
The department of telecommunications is all set to urge the telecom companies to bring down domestic roaming charges between Re 1 to Rs 2 per minute.
Rating agency, Crisil, on Friday said that the proposed investment towards 3G auctions are unlikely to impact credit profiles of Crisil-rated telecom operators.
Sensex rally was driven by Bajaj FinServ, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank. NSE Nifty climbed 326.50 points to end at 15,245.60.
Infosys claims it can deliver a full-fledged applications store within 6-8 weeks, with its application platform Flypp.
Telcos say tariffs could be cut by up to 20 per cent. While post-paid customers constitute only 5 per cent of the total customer base of 670 million, they make up over 15 per cent of revenues thanks to their relatively higher average revenue per user (Arpu).
Rs 3,050-crore penalty on Airtel, Voda Idea gets nod. Final decision will be taken by DoT.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
Ambani is also the year's biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.
The Supreme Court has cancelled the grant of 2G licences stating that 122 licences for 2G spectrum were granted in arbitrary and unconstitutional manner.
In percentage terms, IndusInd Bank, SBI, HDFC, ICICI Bank and L&T were among the top losers. On the contrary, Bharti Airtel, Reliance, Sun Pharma, HCL Tech and Maruti Suzuki emerged as major gainers.
Also, the combination of a new entrant and new technology is not necessarily good.
Almost all service providers, including BSNL and MTNL, are in various process of pilot or otherwise on IPTV deployment, which will change the way users watch TV.
The Bharti group, which has just acquired a majority stake in the Bangladeshi mobile operator Warid Telecom, is on the lookout to acquire government-owned telcos in developing markets like Africa which are up for divestment.
Telecom Minister Kapil Sibal on Tuesday warned that the growth of the telecom industry would be hurt if companies did not align their profit-making motives with the national interest and such a scenario could lead to over-regulation of the sector.
Concerned at the large amounts of money blocked on account of litigation, the government is set to amend the law to ensure that at least a certain amount of disputed demand is deposited by the telecom companies before the case is admitted by TDSAT.
The department of telecom has asked operators to list out the priority areas, where policies are pending, for placing before the new government as a consensus agenda for the first 100 days.
The telecom regulator on Friday released a list of 40 "defaulter" principal entities, including large banks like HDFC Bank, SBI and ICICI Bank, that are not fulfilling the regulatory norms on bulk commercial messages despite repeated reminders. Hardening its stance on the issue, the Telecom Regulatory Authority of India (TRAI) warned that defaulting entities should comply with the stipulated requirements by March 31, 2021 "to avoid any disruption in the communication with customers" from April 1, 2021. "As sufficient opportunity has been given to principal entities/ telemarketers to comply with the regulatory requirements and that the consumers cannot be deprived of the benefits of the regulatory provisions any further, therefore it has been decided that from April 1, 2021, any message failing in the scrubbing process due to non-compliance of regulatory requirements will be rejected" by the system, TRAI said in a statement.
Bharti recorded $5 billion liability for past-due AGR fees, but is still completing its self-assessment to determine the final amount.
Global credit rating agency Fitch upgraded outlook for the Indian telecom sector from 'negative' to 'stable'.
Bharti Airtel made part payment of Rs 4,725 crore.
Globally, the focus has moved back to India, especially in terms of telecom assets. Vodafone Idea, with some 300 million customers, continues to be attractive with shares available at a low price.
'Spectrum payment to push up telcos' debt to Rs 3.5 lakh cr'
DoT has sought "necessary details" from the Finance Ministry to take action in this regard.
This is the spectrum held by incumbent GSM operators whose licences are coming up for renewal in November 2014
