From the Sensex basket, Larsen & Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.
Telecom minister A Raja on Tuesday said he followed the same procedures as his predecessors in awarding licences and allotting spectrum and decisions were taken in conformity with the opinion of the top law officer.
In a setback to former Telecom Minister Sukhram, the Delhi high court on Wednesday upheld his conviction and three year jail term in the 1996 telecom scam.
The Mubble app helps users track and control their mobile data usage and telecom spends.
Analysts expect structural risks such as risk to voice revenues, steep correction in data realisations, capex spend and rise in churn and subsequent increase in costs to continue in the medium term
Mobile phone firms are willing to let go of inactive subscribers because holding on to them doesn't help in any way in the new order.
Telecom Minister Kapil Sibal asked private telecom operators to replicate the success story of telecom revolution -- witnessed in urban India-- in rural areas as well.
German MNC Siemens on Tuesday announced consolidation of its telecom operations in India by buying out 100 per cent equity stake in its telecom company, Siemens Public Communication Networks Pvt Ltd, for a consideration of Rs 195 crore (Rs 1.95 billi
National Commission concluded that false and baseless allegations had been made in the complaint to claim a highly exaggerated and atrocious amount of compensation.
Inter-ministerial body Telecom Commission on Tuesday approved hiking foreign direct investment limit in the sector from 74 per cent to 100 per cent.
Reliance Jio added 34.7 lakh mobile subscribers in September, cementing its lead in the competitive telecom market, while Airtel's wireless subscriber tally rose by 13.2 lakh, according to monthly data put out by Trai. Vodafone Idea lost 7.5 lakh mobile subscribers during September, dragging its wireless user tally to 22.75 crore. Reliance Jio gained 34.75 lakh wireless subscribers in September, and its user base climbed to 44.92 crore, as per data by Telecom Regulatory Authority of India (Trai).
The commission has disagreed with another key proposal -- that of allowing operators a deferred payment scheme after the auction.
A Bench headed by Justice Altamas Kabir sought an reply from 11 repondents Telecom Regulatory Authority of India, Association of Unified Telecom Service Providers of India, Reliance Communications, Tata Teleservices, Vodafone Essar Mobile Services, Cellular Operators Association of India, Bharti Airtel, Idea Cellular, BPL Mobile Communications, HFCL Infotel, and Spice Communications -- as to why they should not pay ADC to BSNL.
Close to half the telecom equipment revenue came from carrier equipment manufacturers, which saw a 12.12 per cent dip in earnings to Rs 58,294 crore during the year, according to the survey 'V&D 100' by Voice&Data journal.
There is no plan to direct over the top (OTT) communications players who generate large amounts of traffic to give a 'fair and proportionate' share of their revenues to telecom network operators, the communications ministry has said. A senior official allayed any such apprehension by saying: "We have no proposal of this kind or anything like this which we are working on. "There is no fresh reference on this matter to the regulator (Trai)," he said. The ministry's view is significant as telecom network operators have been escalating this issue since July when Trai issued a consultation paper called 'Regulatory Mechanism Over OTT Communication Services and Selective Banning of OTT Services'.
A crown of thorns awaits the next telecom minister at Sanchar Bhawan as the new incumbent will have to address a host of tricky issues like industry infighting, tariffs and improving financial health of the Rs 2.3 lakh crore industry.
Sibal said that Trai had compared India with China.
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
Vodafone Idea on Monday paid Rs 2,500 crore to DoT and promised to pay another Rs 1,000 crore before the end of the week.
Telecom subscriber base crossed the 95-crore mark in August, after a gap of more than two years, on the back of higher mobile users whose number touched 92.43 crore.
I hope those who underestimate Rajeev Chandrasekhar will be proved wrong in this fight for Thiruvananthapuram's future, notes Rajeev Srinivasan.
Amidst the controversy over the allocation of spectrum and grant of telecom licences, the government on Monday said all licences are proposed to be renewed after 10 years instead of the 20-year period earlier.
'We have informed the government multiple times that the situation in the US and India are different.' 'Here, there will be a 500 MHz gap in the frequencies which will safely allow aviation without interference.'
Taiwan is keen to collaborate with India and help it become a leader in the semiconductor space, Jason Ho, chairman of the Taiwan Chamber of Commerce in India, said, asserting that the Taiwanese companies have the supply chain for things that the Indian market needs. Manufacturing semiconductors - used in electric and hybrid cars, drones, and communication devices - is fairly complicated, entails huge investment, and can be a cumbersome process.
The Department of Telecom on Monday said it would hold consultations with various operators on the issue of foreign direct investment but denied that the FDI issue was in any way linked to unified licencing regime.
Manoj Sinha will retain his current role in the railways.
The entire Opposition in the Rajya Sabha on Thursday was one against the hike in telecom rates but failed to elicit any assurance of a rollback from Telecom Minister Arun Shourie.
It's difficult to say whether the CBI will find enough proof against telecom minister A Raja or whether it will get caught in the parcel of half-truths he's been dishing out on how he's just followed the recommendations of the Telecom Regulatory Authority of India and the actions of his predecessors.
Nearly 20 lakh jobs will be up for grabs for those having skill such as IoT, mobility solutions, telecom infrastructure, network architectures, sales among others.
With the import bill of telecom equipment rising, the government on Wednesday said preferential treatment would be given to its indigenous production in the New Telecom Policy, which is under formulation.
Six months after an infrastructure deal with brother Anil Ambani, Mukesh Ambani has now joined hands with Sunil Mittal.
'I feel more like a chess player, thinking for long hours how to make the next move," Telecom Secretary Aruna Sundararajan tells Surajeet Das Gupta.
The wise men who formulated the National Telecom Policy 999 broke the vertically integrated National Telecom Network into three segments, i.e., Access (Fixed and Mobile), National Long Distance and International Long Distance. This has resulted in a dramatic reduction in tariffs and improvement of Quality of Service.
Though the multi-crore 2G scam had come to light last year, it was 2011 which was action-packed as Raja, telecom ministry officials along with many high-profile business heads were put behind the bars for their alleged involvement in the case.
The department of telecom will issue guidelines on raising the foreign direct investment limit to 74 per cent from 49 per cent next week.
Under the pact, Mukesh Ambani-led Reliance Industries' telecom arm will hire nationwide optical fibre network of Reliance Communications for the roll-out of 4G services.
Telecom companies with cases pending before the Telecom Dispute Settlement and Appellate Tribunal or those hoping to file new ones would be advised to hurry.
Most brokerages are betting that the new government will shift to a policy focussing on boosting rural incomes and consumption since that has clearly been a pain point.
The three-day India Mobile Congress (IMC) will showcase the widening convergence of telecom with new domains, such as semiconductors and deep tech, P Ramakrishna, the forum's chief executive officer, said on Tuesday. With more than 250 global and domestic exhibitors, the seventh edition is expected to draw more than 100,000 visitors this year, he said. There will also be over 5,000 CXO-level delegates and more than 350 speakers.
