Despite low tariffs, voice usage is not growing.
The telecom sector is likely to garner revenues to the tune of $35 billion by 2010 even though its profit margins have been declining, a study said.
Kapil Sibal says there is a need to look at IT differently and not just as a cash cow.
Bharti Chairman Sunil Mittal says his company will be one of the biggest and most preferred telecom providers in India.
Analysts have given a thumbs up to the Reliance Industries (RIL) and Walt Disney Co. (Disney) proposed a joint venture (JV). The stock of the Mukesh Ambani-controlled company gained nearly 1.5 per cent on Thursday to Rs 2,952 levels as compared to the S&P BSE Sensex that traded marginally weak, down 0.2 per cent to 72,172 levels in intra-day trades.
The Israel-Hamas conflict is expected to impact the trade of gems and jewellery between India and Israel, exporters said on Monday. Colin Shah, MD, Kama Jewelry, said the war can "adversely" impact Indian exports to Israel. Total gems and jewellery trade between India and Israel stood at $2.04 billion in 2022-23 as against $2.8 billion in 2021-22.
"I understand that DoT (Department of Telecom) should be able to take a decision in about 15-days. We (TRAI) should be able to announce a date soon...I don't think it will take long," Telecom Regulatory Authority of India (TRAI) Chairman J S Sarma told reporters.
Farooqui will have a 15 month tenure at the helm of the Department of Telecom before he attains superannuation age of 60 years in June 2014.
Telecom Minister Kapil Sibal on Wednesday said the growth in the sector is essentially centered on adequate spectrum availability, assuring government will make all efforts to provide requisite airwaves to meet industry's demand.
According to software company Mavernir, the new virtualised networks would lead to a saving of 40 per cent in capex and 34 per cent in terms of lower operations cost for operators.
India will become one of the top 10 telecom powers in the world by the year 2006, Mukesh Ambani, chairman and managing director of Reliance Industries, said in New Delhi on Saturday, at the Pravasi Bhartiya conference.
India is today the second-largest telecom market in the world with over a billion customers and close to 600 million Internet users. New connections are available on the tap, calls are virtually free and it's hard to imagine anyone without a mobile phone today. Globally, there would be few parallels to this success story that truly democratised telephony and empowered a billion-plus people, observes Airtel's Sunil Bharti Mittal.
Prasad asked private operators to play a role in skill development.
The next spectrum auction will be held in late February 2024 and the reserve price for most bands will remain the same as the 2022 auction, department of telecommunications (DoT) officials have said. The government expects operators to go for low bands beginning in 600 megahertz (MHz), licences for many of which are lapsing soon. Back in September 2021, the government had decided that spectrum auctions should be held annually.
The IAS officer was later taken into custody under the provisions of the Prevention of Money Laundering Act and is expected to be produced before a magistrate seeking his remand, the sources said.
The mobile industry, with over 136 million subscribers and a 4 million new users adding up per month, is expected to turn the tides for the music industry.
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.
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
Reliance Industries Ltd on Friday reported an 11 per cent drop in its June quarter net profit largely due to weak oil-to-chemical (O2C) vertical and higher interest and depreciation cost. Net profit was Rs 16,011 crore, or Rs 23.66 per share, in April-June - the first quarter of current 2023-24 fiscal year - compared with Rs 17,955 crore, or Rs 26.54 a share, earning a year back, according to a company's stock exchange filing.
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.
Mobile telecom service providers are up against a new problem -- unidentified operators have been found to take out subsidised handsets from their 'bundled' connections and ship them to overseas markets at significantly higher prices.
Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.
The Internet service policy unveiled on Saturday is likely to hit the industry hard. It may wipe off small and medium players in the country.
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.
With reduced uncertainty and clarity on the spectrum-pricing and sharing front, industry set to see positive growth and stability in the new year.
Isha's stab at the bottom of the laptop pyramid shows she is a true Ambani.
Oracle's Service Oriented Architecture is a business integration solution which enables telecom operators and other players like internet service providers, DTH to launch value added services in minimum time frame and with reduced costs.
Market expects either a price disruption or differentiated service; combination of both could hurt incumbents.
Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.
Competitive intensity has returned to haunt the telecom sector.
Reliance Industries' (RIL's) retail arm, Reliance Retail, is now valued at nearly twice the amount of its decades-old and lucrative oil-to-chemical (O2C) division. Bernstein's latest report on the conglomerate projects a valuation of $112 billion for its retail business, dwarfing the $57 billion valuation of its O2C division. In addition, the research firm valued Jio Platforms, the company's telecom arm, at $77 billion and the renewable energy business at $17 billion.
If the Personal Data Protection Bill gets passed in its present form, a new class of companies and entities could emerge. The sole job of these new entities would be to manage the consent for data usage of a user.Banks, healthcare firms and fintech companies, among others, fear that sharing non-personal data with the government may hurt business interests. Banks also fear the threat of data misuse.
Mittal's salary in 2019-20 was Rs 26.97 crore, unchanged from the previous fiscal year. However the value of perquisites was Rs 99.8 lakh, down from Rs 1.87 crore a year back. His retirement benefits were unchanged at Rs 2.15 crore.
With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry. The fourth quarter, January-March, is considered soft, and will continue to see the headwinds the sector has been facing. And the sector has entered the new financial year on a weak footing. Analysts are expecting Tier-I firms to report sequential growth of -1 per cent to 1.5 per cent and midcap players' growth may range between 0.7 per cent and 4 per cent.
Mukesh Ambani, Chairman of Reliance Industries Ltd, has won this year's prestigious World Communication Award as the world's most influential person in telecommunications in 2004, said a company release.
The fast growing telecom sector is set to witness another round of mergers and acquisitions with the DoT recommending against lock-in of promoters equity, saying this would only hamper growth and competition.
The 1986-founded company is in the process of appointing a consultant for formulating the future plan of action for its CDMA business.
Seeks clarification on a few issues such as enhancement of entry fee and performance bank guarantee from telecom regulator
The Cellular Operators Association of India, industry body representing GSM operators, had argued that TTSL's spectrum was allotted through the same press release issued on January 10, 2008, which led to the cancellation of 122 licences.
US technology company NVIDIA and billionaire Mukesh Ambani's Reliance Industries on Friday announced a partnership to build AI supercomputers in India. "The companies will work together to build AI infrastructure that is over an order of magnitude more powerful than the fastest supercomputer in India today," the firms said in a statement. Days before the announcement, NVIDIA founder and CEO Jensen Huang met Prime Minister Narendra Modi on Monday.
