Manoj Sinha will retain his current role in the railways.
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.
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.
The Biju Janata Dal on Wednesday announced its support for the candidature of Bharatiya Janata Party's Ashwini Vaishnaw in the upcoming Rajya Sabha elections in Odisha
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.
The court said Shroff is a celebrity and this status inherently grants him certain rights over his personality and associated attributes.
In August 2021, Nick Read, chief executive of Vodafone Plc at the time, did not mince his words while speaking about the India business in an earnings call. Replying to an analyst's question on Vodafone Idea, a venture with the Aditya Birla Group that had piled on huge debts and worrisome losses, Read described it as a highly stressed situation that "they (Vodafone Idea) are trying to navigate... "We, as a group, try to provide them as much practical support as we can, but I want to make it very clear, we are not putting any additional equity into India.''
'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.
Six months after an infrastructure deal with brother Anil Ambani, Mukesh Ambani has now joined hands with Sunil Mittal.
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.
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.
The department of telecom will issue guidelines on raising the foreign direct investment limit to 74 per cent from 49 per cent next week.
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.
From its lows this month, the stock of Bharti Airtel is up 14 per cent. The gains for the telco have come on the back of expectations that market share consolidation, tariff hike and lower capex should boost margins and profits. While the company is a key player in the Indian market, it also has a leadership position in major markets of Africa.
Indian telecom seems to be getting back on its feet.
Billionaire Mukesh Ambani-promoted Reliance Industries Ltd (RIL) on Tuesday became the first listed company to hit the Rs 20 lakh crore market valuation mark. The market heavyweight's stock jumped 1.88 per cent to its record high of Rs 2,957.80 apiece on the BSE. It finally settled at Rs 2,928.95 per piece, up 0.90 per cent on the bourse.
Reliance Jio has sent a second legal opinion to the Telecom Regulatory Authority of India (Trai) on the subject of the potential allocation of satellite spectrum. The letter is written by retired Supreme Court Justice L Nageshwara Rao and argues in favour of auctions, stating that any other method for allocating spectrum apart from auctions could be constitutionally unsound. Business Standard has reviewed the letter.
Mergers and acquisitions (M&As) in India have moved into the slow lane, dropping 43 per cent in terms of deal value to touch $13.37 billion since January this year to date, compared to the same period in the last year. According to data sourced from Bloomberg, Indian companies reported deal value worth $23.5 billion between January and March 22, 2023. Data Infrastructure Trust's acquisition of American Tower Corporation's India telecom towers business for $2.5 billion was the top deal for the ongoing quarter so far, followed by the Highway Infrastructure Trust's acquisition of PNC Infratech's road projects for $1.08 billion.
Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domestic investors, according to a statutory filing by the telco. This could be the third-largest anchor book after One 97 Communications and Life Insurance Corporation (LIC). One 97 Communications and LIC had raised Rs 8,235 crore and Rs 5,627 crore in the anchor round, respectively.
The Cellular Operators Association of India has suggested that the government, in allocating telecom licence, consider applicants with experience and impose a five-year lock-in period under which promoters cannot sell their equity.
Call drops may end as govt allows telecom spectrum trading
Billionaire Mukesh Ambani's Reliance Industries and Tata Group have made it to the prestigious TIME's list of 100 World's Most Influential Companies of 2024. TIME called Reliance 'India's Juggernaut'. This is the second time that Reliance has found its way into the TIME list. Jio Platforms, the firm that holds digital properties of the conglomerate, was included in the inaugural TIME 100 Most Influential Companies List of 2021. Serum Institute is the other Indian company on the list.
On Monday, Attorney General R Venkataramani, appearing for the Centre, mentioned an interim application before a bench of Chief Justice D Y Chandrachud and Justice J B Pardiwala.
The mistrust between the authorities and service providers can end if the contentious issues are addressed as a package deal.
Internet major Google will make the Pixel series of smartphones in India and they will become available from 2024 onward, a senior company official said on Thursday. Google senior vice president for devices and services, Rick Osterloh, said the company will partner with international contract manufacturers to make the phones in India.
The government has issued a stern warning to telecom companies to put the required security system for Blackberry services in place within 15 days or stop the services. The directive has been issued to the respective service providers to work out with officials of Blackberry licensor Research in Motion (RIM) of Canada to provide full-proof security system in the country. Currently, Bharti Airtel, Vodafone-Essar, BPL Mobile and Reliance are offering this premium service.
'The expeditious enactment of labour codes and strategic measures to bridge the skills jobs gap are critical.'
The Delhi circle licence will be available in the efficient 900 MHz spectrum, which is why Videocon is interested.
The new telecom policy-2011 is also expected to come out with new norms for mergers and acquisitions, enhancing rural coverage, and spectrum allocation, among other things.
The rush to enter the world's fastest-growing mobile services market has attracted a wide range of applicants for telecom licences with the Department of Telecommunications.
Telecom services across the country could suffer, with the Department of Telecom ready to recall over 2,200 of its officers on deputation in MTNL and BSNL.
In a bid to spread its telecom footprint across the country at a time when the government has decided to unify basic and cellular licences, Tata Teleservices has applied for licences in 7 more circles, including Madhya Pradesh and Rajasthan.
The policy is also pushing for a one-country-one-licence regime, which means removal of roaming charges.
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.
Given how the Telecom Regulatory Authority of India's (Trai's) recommendations on 2G spectrum will hit telecom firms, it's not surprising that telecom stocks have plunged. Of course, the fun and games have only begun since it is up to Telecom Minister A Raja to decide whether to accept the recommendations, which ones to accept, and when to accept.
