From a policy point of view, India's telecom industry is getting exciting once again. After a lull of a few years, we're back to the same half-truths from regulators/policy makers, and the all too familiar attempts to help favoured firms.
The petitioner said the companies were increasing the prices just to earn huge profit. Companies like Bharti Airtel had posted an annual profit of more than 90 per cent, the NGO said.
The telecommunications industry will seek a 10-year tax holiday and an additional depreciation of 15 per cent for telecom equipment in the forthcoming Union Budget for 2007-08.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
The mobile tariffs in the world's cheapest telecom market are set to fall further by at least 20-25 per cent during the year, more so due to increasing number of telecom operators and infrastructure overcapacity.
Kotak Mahindra Bank was the biggest loser from the Sensex pack, skidding 1.83 per cent, followed by Axis Bank, NTPC, Hindustan Unilever, ICICI Bank, Bharti Airtel, Reliance Industries, HCL Technologies, IndusInd Bank and Nestle. In contrast, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Tata Consultancy Services, Titan, Infosys, HDFC Bank, HDFC and ITC were the gainers.
The operator was acquired four years earlier by Essar, when the latter had more telecom ventures, such as the 33 per cent stake in Vodafone Essar, and also owned telecom towers.
The government on Thursday unveiled its vision for the telecom sector up to 2010, listing plans to initially take total telephone connections to 250 million.
Do you think Maran's resignation will hit the telecom industry?
Trinamool Congress leader Mahua Moitra was expelled on Friday from the Lok Sabha after the House adopted the report of its Ethics Committee that held her guilty of accepting gifts and illegal gratification from a businessman to further his interest.
Expressing concern over frequent internet shutdown without any empirical study, a parliamentary panel has pulled up the department of telecommunications for not maintaining the record of incidents and inaction on several of its recommendations.
Corporate India is busy restructuring - through mergers, demergers and splits. That seems to be the new normal as CXOs and boards brainstorm on how to create assets and value. The pitch rose significantly during the third quarter of this financial year (FY24), translating into $32.9-billion worth of such deals - the highest quarterly total since the HDFC Bank-HDFC merger announced in FY22 Q2.
Even as the Telecom Regulatory Authority of India has started investigating into the complaints of predatory pricing offered by some of the new operators, experts are divided over whether the current scenario actually resembles predatory pricing.
The Internet is too important to let a few private telecom players decide what the rules will be for consumers, says Rajeev Chandrasekhar, independent member of Parliament who was one of the key petitioners seeking the scrapping of Section 66A of the Information Technology Act.
The demand for white-collar gig roles saw an 11 per cent uptick year-on-year in March, amid muted hiring across industries due to global headwinds and job cuts, according to a recent report. The month saw white-collar hiring in India rise 2 per cent in terms of job posting activity compared to the same period the previous year, according to the report by staffing portal foundit.in (formerly Monster APAC and ME). Sectors such as retail, telecom, and Travel and Tourism saw the biggest growth in demand on an annual basis.
India has pipped China to become the world's fastest growing market, thanks to the various "innovative" ways such as infrastructure sharing and network management outsourcing adopted by it that has also helped telecom operators keep the service charge low, says a report.
Repair work at a level crossing near Bahanaga Bazar railway station in Odisha's Balasore where the June 2 train crash took place was allegedly conducted without the approval of senior divisional signal and telecom engineer and without an approved circuit diagram.
DoT has issued notice for licence cancellation to Etisalat DB and Idea Cellular on ground of failing to meet roll out obligation.
Despite the inherent attractiveness of the rural market for telecom operators various challenges still mar their entry.
The government on Thursday ruled out setting up an ombudsman to redress complaints of poor mobile telephony services like call drops saying state-run BSNL/MTNL were taking effective steps to upgrade technology.
"The telecom companies under the (proposed)NTP-2011 will have to file an application 30 months prior for the renewal of the telecom licenses and it (the licence) will be renewed for 10 years unlike 20 years as of now," Telecom Minister Kapil Sibal said.
Telecom and petchem businesses will drive growth for RIL.
Telecom Italia's biggest shareholder is controlled by Pirelli, the Italian tyre and real estate group.
Telecom honchos Sunil Bharti Mittal, Anil Ambani, Kumar Mangalam Birla and Vittorio Colao are expected to meet IT and Communications Minister Kapil Sibal tomorrow to discuss various issues impacting the sector.
The operating profit growth rate of mobile service providers is expected to double in next two years buoyed by increase in call rates and clarity in policy, credit rating agency CRISIL has said.
The company operates in 21 circles. Mumbai will be in exception, which has a separate licence.
Seeks clarification on a few issues such as enhancement of entry fee and performance bank guarantee from telecom regulator
Demand has outstripped capacity, not enough spectrum (in the case of mobile) and maybe not enough on-ground investment to keep data speeds high and voice quality good.
The officials said that the recently developed SH-15, a 155 mm truck-mounted howitzer gun, has also been spotted at some places along the Line of Control after it was displayed on Pakistan Day last year.
The telecom industry has condoled the death of former Communication and IT Minister and BJP leader Pramod Mahajan, while describing him as one of the dynamic and charismatic leaders.
Private telecom operators have overtaken their public sector counterparts -- Bharat Sanchar Nigam and Mahanagar Telephone Nigam
Warid Telecom, a wholly-owned subsidiary of the Dhabi Group, offers mobile telecom services with a user base of over 2.9 million in Bangladesh.
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
Telecom Ministry over issues ranging from one-time spectrum charges to 3G roaming and a uniform licence fee.
'At a time when massive strides are being made in bringing 5G technology to India, and with TSPs ramping up their infrastructure, it is unacceptable that a large number of complaints over quality issues continue to come in, even from major urban areas.'
RCom and Aircel will hold 50 per cent each in the new company
However, the second quarter of FY24 is expected to be muted, and, with that, the hope of double-digit growth is now being pushed to FY25. However, analysts are expecting the momentum in the closure of record total contract values (TCVs) will continue, as has been the case over the last two quarters.
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