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.
Telecom operator Bharti Airtel on Thursday posted a net profit of Rs 1,612 crore for the first quarter ended June 2023, which is nearly flat over earnings in the same period of the previous year. The revenue for the just-ended quarter was 14 per cent higher at Rs 37,440 crore compared to the year-ago period "backed by strong and consistent performance delivery across the portfolio", the company said.
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
DoT has issued notice for licence cancellation to Etisalat DB and Idea Cellular on ground of failing to meet roll out obligation.
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 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.
Analyst are cautious about the performance of IT services sector from January to March quarter (Q4) of FY24 and the first half (H1) of FY25. While the Bloomberg consensus on revenue implies the market is expecting 2-3 per cent growth on a quarter-on-quarter (Q-o-Q) basis for the IT majors through FY25, the H1FY25 is likely to see even flatter returns, and Q4FY24 is likely to be poor. There is likely to be some recovery in the second half (H2FY25) but even so, there's a chance that the market will be overall disappointed.
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.
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 government said in an order that mobile internet services would be banned in Ambala, Kurukshetra, Kaithal, Jind, Hisar, Fatehabad and Sirsa districts.
The company operates in 21 circles. Mumbai will be in exception, which has a separate licence.
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.
Flag Telecom, a Reliance group company, has awarded a multi-million dollar contract for construction of its Falcon submarine cable to Alcatel, a global networks and application service provider.\n\n
Tata Sons Private Limited, the holding company of the Tata group, witnessed a precipitous drop in its net debt to Rs 5,656 crore in the 10 months ended January this year, as its cash reserves burgeoned to Rs 9,516 crore during this period. Eight years ago, in 2015-16, Tata Sons reported a net debt of Rs 5,132 crore; from March 2017 until March 2023, this figure was above the Rs 14,700 mark, peaking at Rs 27,437 crore at the end of March 2019, according to data sourced from Capitaline. The company's gross debt nearly halved to Rs 15,173 crore until January 2024 on a standalone basis, down from a peak of Rs 31,363 crore reported in the financial year ended March 2019.
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.
Malaysia's state-controlled top telecom operator Telecom Malaysia is to buy a 49 per cent stake in India's Spice telecom Ltd, both companies said in Kuala Lumpur on Friday.
Telecom and petchem businesses will drive growth for RIL.
Seeks clarification on a few issues such as enhancement of entry fee and performance bank guarantee from telecom regulator
Among Sensex shares, Bajaj Finserve, ICICI Bank, Bharti Airtel, Bajaj Finance, Sun Pharma, Maruti Suzuki, ITC, and Nestle were the lead gainers. On the other hand, L&T Wipro, IndusInd Bank and TCS and Tata Motors were the lead losers.
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.
M Corp Global has applied for six new telecom licences to the department of telecom and dispelled rumours that its company Spice Telecom is up for sale.
Telecom Ministry over issues ranging from one-time spectrum charges to 3G roaming and a uniform licence fee.
Telecom tariffs are likely to come down further with the Telecom Regulatory Authority saying on Wednesday that it would recommend lower access deficit charge
The CBI contended before the Delhi high court on Tuesday that there were glaring illegalities in the trial court judgment that acquitted former telecom minister A Raja and others in the 2G spectrum allocation scam case.
Despite the economic slowdown, most students consider the telecom sector a 'favourable industry' to work for, according to a study conducted by a Chennai-based Human Resources firm.
The number of telecom subscribers in the country grew by 4.12 crore (41.2 million) in 2005-06 to touch 13.96 crore (139.6 million). \n
The government is likely to offer a slew of tax sops to telecom operators, including asking state governments not to levy sales tax on telecom services, seven years of exemption of revenue sharing on revenues from rural subscribers, etc.
If the status is approved for ITI, it will get preference in the supply of technology products required by the defence services.
Eight Union ministers, two former chief ministers and one ex-governor are among those who are set to test their electoral fate in the first phase of elections on April 19 when 102 seats across 21 states and Union territories will go to polls.
This has to be one of the most blatant tricks Raja is pulling off.
If accepted, the plan could give the sector Rs 70,000-crore (Rs 700-billion) relief.
Anil's RCom straddles 2G, 3G; Mukesh has spectrum to operate in 4G.
The company estimates a Rs 350-400-crore (Rs 3.5-4 billion) revenue potential from the telecom business in the next 4-5 years.
The Union Budget 2011-12 was a low key affair for the Telecom sector. The Budget did not mention extension of fiscal benefits under the Sec 80IA from 5 years to 10 years.
To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging from a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi, who chaired the meeting, said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January.
