Telecom Sector

GSM players add 48.5 lakh users in July: COAI

GSM players add 48.5 lakh users in July: COAINew Delhi: GSM based telecom players added 48.5 lakh new subscribers in July to take the total user base to 74.44 crore, industry body COAI said Thursday.

The GSM subscriber base stood at 73.95 crore at the end of June 2014, the Cellular Association of India (COAI) said.

COAI, which represents telecom players like Bharti Airtel, Vodafone and Idea Cellular, said the data does not include GSM subscriber number of Reliance Communications and Tata Teleservices.

Reliance Jio Infocomm had also joined the body recently.

Ericsson wins Vodafone India's contract for payment solutions

Ericsson-VodafoneNew Delhi: Network solutions major Ericsson Tuesday said it has won a contract from Vodafone India to deploy its payment solutions in seven circles for the country's second largest telecom operator.

Financial details of the deal were not revealed.

The five-year contract covers new circles of Uttar Pradesh (W), Uttar Pradesh (E), Punjab, Haryana and Himachal Pradesh, besides Mumbai and Maharashtra.

"Ericsson Charging platform to be launched across 7 Vodafone circles, enabling new revenue-generating features and potential payment convergence across prepaid and postpaid segments," it said in a statement.

Gross revenue of 22 telecom operators drop in Oct-Dec FY14

Gross revenue of 22 telecom operators drop in Oct-Dec FY14New Delhi - Gross revenue of 22 telecom operators, including Bharti Airtel, RCom, BSNL and Tata Teleservices, declined in October-December quarter of 2013 compared to the previous quarter, government said on Monday.

Trai starts consultation process for spectrum auction

TraiNew Delhi: Telecom regulator Trai on Thursday began the consultation process for the next round of auctions for spectrum held by mobile operators - Airtel, Vodafone, Idea and RCom - as some of their licences are set to expire in 2015-16.

"The Telecom Regulatory Authority of India has today released consultation paper on valuation and spectrum price: Licence expiring in 2015-16," Trai said in a statement.

The process will determine the reserve price of spectrum to be auctioned across 18 out of the 22 telecom service areas across the country for 900 Mhz and 1800 Mhz bands, used for providing mobile services based on GSM technology standard.

Top 7 telecom firms owe over Rs 2,100-cr penalty to DoT: CAG

cagNew Delhi: Telecom operators such as Airtel, Vodafone, Idea, RCom, Aircel, Tata Tele and BSNL have not paid penalties totalling Rs 2,116.95 crore levied on them for non-compliance of subscriber verification rules that are important for national security, CAG said in its report.

"We further noticed that out of Rs 2506.80 crore of penalty levied by the DoT and the TERM Cells during 2009 to 2012 for defective CAFs, the service providers had paid only Rs 389.85 crore," the Comptroller and Auditor General
(CAG) said in its latest report.

Airtel may hike mobile call rates; sell mobile towers in Africa

Bharti-AirtelNew Delhi: Telecom major Bharti Airtel on Wednesday indicated that it may cut down on discounts it offers on mobile call rates to push revenue from voice services.

"There might be ups and downs in certain quarters, but the long-term secular opportunity for raising voice realisation remains, given the significant gap between headline tariff and the realised rates or in other words discounted tariffs," Bharti Airtel's Managing Director and CEO (India and South Asia) Gopal Vittal said.

FDI in telecom jumps manifold to $1.5 bn in Apr-May

FDI-in-telecomNew Delhi: After registering a huge decline in the recent past, foreign direct investment in the telecom sector grew manifold to USD 1.5 billion in the first two-months of the 2014-15 fiscal.

In 2013-14, the sector has received total FDI of USD 1.3 billion.

FDI in the telecom sector, which includes radio paging, cellular mobile, basic telephone services, attracted only USD 9 million during April-May period of the last fiscal, as per the Department of Industrial Policy and Promotion.

Bharti Airtel Q1 net profit rises 60.9% to Rs 1,108 crore

Bharti-AirtelNew Delhi: The country's largest mobile operator, Bharti Airtel, on Tuesday reported a jump of 60.9 percent in consolidated net profit to Rs 1,108 crore for the quarter ended June 2014 on growth in mobile data revenue.

The company had reported a net profit of Rs 689 crore in the corresponding period of last fiscal, it said in a statement.

The company's total revenue rose 13.3 percent to Rs 22,962 crore for the reported quarter as compared to Rs 20,264 crore in the corresponding period.

MTNL offers to return CDMA spectrum for auction-derived price

MTNL offers to return CDMA spectrum for auction-derived priceNew Delhi: State-run MTNL has informed the Department of Telecom that it is ready to return the entire CDMA spectrum it currently holds if the telecom operator is paid auction-determined price.

"MTNL has offered to surrender entire 800 Mhz band spectrum but it wants an auction-determined price for the surrendered frequencies," a government official said.

As per TRAI recommended price, the value of CDMA spectrum held by MTNL amounts to about Rs 1,937 crore.

Idea Cellular Q1 net profit up by 57% at Rs 728.2 crore

Idea Cellular Q1 net profit up by 57% at Rs 728.2 croreNew Delhi: Telecom operator Idea Cellular today posted 57 percent jump in net profit at Rs 728.2 crore for the first quarter ended June 30, 2014, on increased demand in mobility business mainly mobile internet services.

The company had posted a profit after tax of Rs 462.71 crore in the same period a year ago.

Huawei achieves H1 growth of 19% at $21 bn

Huawei Beijing: Sales revenue of China's telecom major Huawei has reached over USD 21 billion in the first six months of this year, a 19 percent increase compared over the same period last year, the company announced here on Monday.

The Shenzhen based firm, in a statement, said that in the first six months of this year, Huawei generated sales revenue of RMB 135.8 billion (USD 21.85) an increase of 19 percent year-on-year with an operating margin of 18.3 percent.

MTNL turns profitable at Rs 7,825 cr,BSNL loss at Rs 7,085 cr

MTNL-BSNLNew Delhi: State-run telecom firm MTNL has shown profit of Rs 7,825 crore on books for 2013-14 on account of some write back provisions, Parliament was informed today.

The telecom firm had last posted annual profit of Rs 211.7 crore in 2008-09.

"MTNL has shown profit of Rs 7,825 crore mainly due to write back of provisions on account of pensionary liabilities and spectrum amortization costs after decisions of government taken revival of MTNL," Telecom Minister Ravi Shankar Prasad informed Rajya Sabha in a written reply.

MTNL, which operates in Delhi and Mumbai, had posted a loss of Rs 5,321 crore in the year 2012-13.

TRAI Bill: Law should not be amended on individual preference: Shashi Tharoor

Shashi-TharooNew Delhi, July 14 : Referring to the TRAI (Telecom Regulatory Authority of India) Amendment Bill, former union minister Shashi Tharoor said Monday that the law should not be changed on the basis of an individual's preference, which in this case was the Prime Minister of India.

'BSNL has 65% market share of landline and broadband market'

BSNLIndore - Public sector telecom major BSNL enjoys number one market position with 1.8 crore landline and broadband connections which amounts to 65 percent market share, a company official said Friday.

"At present a total of 2.8 core landline and broadband users exist in the country and among them BSNL's share is 1.8 crore, which is 65 percent of the total market share," BSNL's Madhya Pradesh Circle Chief General Manager, N K Yadav told reporters.

During the current financial year, the company expects an increase of 25 percent in broadband connections across the country, he said.

Airtel up over 2% as RBI allows higher FII limit

Airtel up over 2% as RBI allows higher FII limitMumbai - Shares of Bharti Airtel Friday rose by over 2 percent after the Reserve Bank increased limit for overseas investors to buy shares in the company.

After a positive opening, the telecom major's scrip further gained 2.32 percent to Rs 345.20 on the BSE.

On the NSE, the stock was up 2.44 percent to Rs 345.20.

RCom raises Rs 4,800 cr in the biggest fund-raising by a pvt co

Reliance-CommunicationsNew Delhi: Reliance Communications, India's fourth-largest telecom operator, Wednesday raised Rs 4,800 crore from a share sale to institutional investors, the biggest QIP fund-raising by a private firm.

RCom, headed by billionaire Anil Ambani, will also raise Rs 1,300 crore by issuing warrants to its promoters, which along with the QIP proceeds would go to trimming the firm's huge debt.

The company, which opened the qualified institutional placement (QIP) at a price of Rs 142.13 a share, got total bids of more than Rs 12,000 crore, of which it retained Rs 4,800 crore, sources said.

Telecom Min seeks Rs 6,997 cr fund for projects this fiscal

Ravi-Shankar-PrasadNew Delhi: The Telecom Ministry has sought additional funds of Rs 6,997 crore in the budget for various projects that are to be rolled out during the current financial year.

Telecom Minister Ravi Shankar Prasad is learnt to have approached Finance Minister Arun Jaitley for additional funds to carry out schemes committed under Universal Services Obligation fund scheme.

This included the national optical fibre network (NOFN) which aims to connect 50,000 village panchayat at the end of current fiscal and total of 2.5 lakh panchayats by 2016-17.

RJio to launch 4G in 2015 entailing investment of Rs 70,000 crore

Reliance-Jio-InfocommMumbai: Reliance Jio Infocomm Ltd on Wednesday said it will commercially launch 4G services in 2015, entailing investments of Rs 70,000 crore.

"The year 2015 will see the phased launch of Reliance Jio across India... The fruits of the tremendous value created by this Rs 70,000 crore initiative would start to flow," Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani said in his address to shareholders.

RIL promoted RJIL holds pan-India broadband wireless access (BWA) spectrum that can be used for 4G services. The company had acquired it through auction for Rs 12,847.77.

Bharti Airtel, Uninor top GSM user additions in May: COAI

Bharti-Airtel-UninorNew Delhi: Bharti Airtel and Uninor led subscriber additions in May, when the GSM base in the country grew marginally to 73.3 crore with 61.9 lakh new mobile users, the Cellular Operators Association of India (COAI) said on Tuesday.

There were 72.68 crore GSM users at the end of April, the COAI said.

Bharti Airtel, the country's largest operator, added the most users, with 16.5 lakh users joining its network. Its total number of subscribers stood at 20.82 crore, with a market share of 28.41 percent, at the end of May.

Infosys names Vishal Sikka CEO; Murthy and son to step down this week

Infosys names Vishal Sikka CEO; Murthy and son to step down this weekBangalore - Hit by several top-level exits, Infosys on Thursday undertook a major shake-up bringing in for the first time an outsider, Vishal Sikka, as CEO and announcing that mentor N R Narayana Murthy and his son Rohan will step down four years ahead of their tenure.

Sikka, 47, who was previously executive board member of German IT firm SAP, will replace S D Shibulal, one of the seven engineers who founded Infosys in 1981, from August 1, Infosys said in a statement.



Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content