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 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.
Steep pre-paid tariff cuts at the start of the year in January could mean lower revenue growth for telecom operators in the March 2008 quarter. Moreover, minutes of usage (MOU) are unlikely to be very much higher since industry watchers feel users will take some amount of time to react to the tariff cuts. The operating profit growth these telcos could be in the region of 6-7 per cent. However, net profits may remain flat sequentially due to foreign exchange fluctuations.
DoT plans to initiate move that might lower the revenues telcos share with government.
Videocon starts race, says will bid in eight circles, expects 5-MHz spectrum to go for Rs 20,000 crore
Over the three-month period, Airtel's stock price has rallied from Rs 432 to Rs 540, while Vodafone Idea has risen from Rs 9.2 to Rs 11.8 per share.
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.
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 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.
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).
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
Rating agency, Crisil, on Friday said that the proposed investment towards 3G auctions are unlikely to impact credit profiles of Crisil-rated telecom operators.
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).
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.
Infosys claims it can deliver a full-fledged applications store within 6-8 weeks, with its application platform Flypp.
Jio's adjusted gross revenue share went up by 7 percentage points in Q2FY18-19 over the previous quarter in the circles of the C category.
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.
The Supreme Court has cancelled the grant of 2G licences stating that 122 licences for 2G spectrum were granted in arbitrary and unconstitutional manner.
Also, the combination of a new entrant and new technology is not necessarily good.
While only 78.15 per cent of Jio's total subscriber base was active, Airtel boasts of 98.14 per cent active customers.
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.
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.
In the latest move, the telco has reduced validity for its Rs 309/509 packages from 84 days to 56
Bharti Airtel made part payment of Rs 4,725 crore.
'Spectrum payment to push up telcos' debt to Rs 3.5 lakh cr'
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.
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.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
The two independent brands Vodafone and Idea will be phased out, and the legacy of the two companies will reflect in the common brand -- Vi.
Global credit rating agency Fitch upgraded outlook for the Indian telecom sector from 'negative' to 'stable'.
They are cheaper to build, costing around Rs 10 lakh each as against Rs 20-25 lakh for a traditional ground-based tower and even less than the Rs 12-15 lakh needed for a tower mounted on a roof top.
This is the spectrum held by incumbent GSM operators whose licences are coming up for renewal in November 2014
DoT has sought "necessary details" from the Finance Ministry to take action in this regard.
The bidding for the airwaves is scheduled to start from November 12.
'In the next five years both online and TV viewership will grow and complement each other.'
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