Notwithstanding the controversy over the proposed unified licencing regime, Telecom Regulatory Authority is all set to make a presentation on Saturday before the Group of Ministers on telecom on its recommendations on the issue.
The Telecom Regulatory Authority of India on Wednesday said it would come out with the final consultation paper on full unification of telecom services in a "couple of weeks."
Migration to the unified licence regime could cost Reliance upto Rs 1,000 crore and Tatas Rs 500 crore, according to estimates being worked out by the Telecom Regulatory Authority of India.
The Union Cabinet on Friday decided to unify the licenses of basic and cellular telecom services, paving the way for WLL operators like Reliance to offer full mobility services.
Concerned that they will not be able to comply with downlinking guidelines and cable laws, broadcasters and the cable industry have strongly opposed any move to govern Internet Protocol TV services through the Unified Access Service Licence agreement
Bharti Group chairman Sunil Mittal on Tuesday said the unified licensing regime proposed by the Telecom Regulatory Authority of India could not be pursued in its present form, as it was in contradiction of the TDSAT judgement.
The Unified Licence for all 22 Service Areas across India will make the company the first telecom operator in the country to get pan India Unified Licence, the company said in a statement.
SIS Ltd, a security and facility management services provider, aims to cross Rs 20,000 crore in revenue by FY27, driven by strong double-digit growth, expansion of its service network, and a simplified regulatory framework under new labour codes, said its Group Managing Director Rituraj Sinha.
Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed draft red herring prospectus (DRHP) with SEBI through the confidential pre-filing route, marking an important step towards a potential public listing after its acquisition and strategic shift to an AI-led digital platform.
Arca Global Aviation Pvt Ltd (AGAPL) has announced a phased fleet expansion plan, aiming to increase its training aircraft to 10 within 15 months and 25 by 2029, to enhance its pilot training capabilities and meet international aviation standards.
A high-powered group of ministers on Thursday decided to go for a unified licence regime for telecom services, a move seen to resolve the ongoing battle between basic and cellular operators on limited mobile services.
'Foreign capital will continue to come directly into India, but companies have realised that GIFT City is a more cost-efficient way of channelling funds.'
Reliance Industries, which holds pan-India 4G telecom spectrum for data services, has applied for a licence to offer mobile telephony.
According to the guidelines, a unified licence will have three levels -- national, service area and district.
The government on Friday unveiled long awaited Unified Licence norms that provide for delinking of spectrum from operational permits and allows companies to offer services using any technology.
Telecom Regulatory Authority of India on Friday hit out at cellular operators' reported move to sue it over unified licencing regime saying countries worldwide were moving towards the same.
While Angel One and Unifi Capital have obtained the final licence, Jio BlackRock, Capitalmind, Choice International and Cosmea Financial Holdings have received in-principle approvals.
The queue for mutual fund (MF) licences has thinned down due to quick clearances by the Securities and Exchange Board of India (Sebi) alongside applications being withdrawn amid regulatory changes. There were, at the end of September, only two pending MF applications: By AngelOne and Unifi Capital. By comparison, there were 11 applications lying before the market regulator at the start of calendar year 2023.
The DoT has issued long-awaited migration guidelines which pave way for Internet service providers (ISP) like Reliance Jio Infocomm and Tikona, that have BWA spectrum, to offer mobile telephony service by paying an extra fee of Rs 1,658.57 crore (Rs 16.58 billion).
In less than 24 hours of issuance of guidelines on unified licence, Reliance Infocomm on Wednesday paid about Rs 1542.5 crore to government to migrate to new single licence regime in 16 circles, but opted to stay out of unification in West Bengal.
Cellular industry's hopes for a compensation in lieu of unified licence may be dashed with the Telecom Regulatory Authority of India finding no merit in it since the cellular operators have already been given sops over Rs 30,000 crore.
Reliance Infotel to be the biggest beneficiary.
Adani Data Networks said it plans to create a private 5G network for its operations. However, it acquired the spectrum in the last 5G auction alongside three telecom companies. Subsequently, it was granted a unified licence for access services, which enables it to provide telecom services in the country.
The main thrust of the policy is on the multiplier effect and transformational impact of such services on the overall economy.
The new licences will do away with different kinds of permits that are issued to telecom companies for offering various services.
Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year. The Bengaluru-based fintech company is on track to roll out credit products such as credit on Unified Payments Interface (UPI), unsecured credit cards, and personal loans within the first half of the next calendar year (2025).
Delinking spectrum from the licences in the aftermath of the 2G scam, Sibal said, "In future, the spectrum will not be bundled with licence. The licence to be issued to telecom operators will be in the nature of 'Unified Licence' and the licence holder will be free to offer any of the multifarious telecom services."
Telecom operators pay 30 per cent of their revenue as levies like annual licence fee, spectrum charges, contribution to universal service obligation fund and the total burden adds up to 40 per cent along with service tax.
Ahead of the coming auction of 2G telecom spectrum, the government has decided to allow all players to bid for all bands.
UK-based Vodafone Group has ruled out selling its around 5 per cent stake in the holding company of Bharti Airtel in the near future as there is no buyer.
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