New 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.
New 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.
Indore - 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.
Mumbai - 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.
New 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.
New 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.
Mumbai: 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.
New 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.
Bangalore - 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.
New Delhi: Idea Cellular has said it will raise Rs 750 crore by issuing equity shares on preferential basis to its shareholder, Malaysia-based Axiata.
Idea said the securities allotment committee of the board, at its meeting on June 10, has approved issuance of 5.18 crore shares at a price of Rs 144.68 per equity share to Axiata Investments 2 (India) Ltd.
New Delhi: State-run BSNL today launched two unlimited data plans for its post-paid users of North zone, targeted towards the youth and students.
The unlimited plans will be offered across the country subsequently, the company said in a statement.
Currently the packs will be available in Haryana, Punjab, UP(West), UP(East), Uttrakhand, Himachal Pradesh, Rajasthan and J&K GSM mobile post-paid customers.
"The new add-on data packs 240 and 340, allow unlimited data usage at monthly charges of Rs 240 and Rs 340 respectively," BSNL said.
New Delhi: Reliance Communications (RCom) on Monday launched 'One India One Rate Plans' that will allow customers to pay the same rate for local, STD and roaming calls from anywhere in the country.
The telecom operator has introduced two plans of Rs 599 and Rs 350 for its post-paid users and pack of Rs 45 for its pre-paid customers which will have free incoming calls while roaming and same rate as home network for outgoing calls.
New Delhi: India is among 29 nations that sought access to Vodafone's network to intercept calls, text messages and e-mails last year, the UK-based group said.
The company, in its Law Enforcement Disclosure report, however, did not mention the number of requests made by India as Indian laws don't allow disclosure of information on interception and communications data.
Vodafone did not say if it complied with the requests made by the Indian government.
New Delhi: Idea Cellular, India's third largest wireless services operator, on Thursday said it has opened a QIP issue through which it will offer equity shares worth Rs 3,000 crore.
"... The securities allotment committee of the board of directors of the company, at its meeting held on June 5, 2014, has decided to open a QIP issue by way of issue of equity shares aggregating upto Rs 3,000 crore," Idea Cellular said in a filing to the BSE.
New Delhi: The Department of Telecom has rejected Vodafone India's request to extend its licences in seven service areas that are expiring next year.
"(Vodafone's) request for extension of licences in Kerala, Tamil Nadu, Haryana, Rajasthan, UP East, Maharashtra and Gujarat service areas expiring in December 2015 cannot be acceded," a DoT note said.
Vodafone declined to comment.
In 2015-16, 29 licences are expiring, including the seven held by Vodafone.
New Delhi: Videocon Telecom has tied up with Chinese equipment firm Huawei Technologies for rolling out 4G network in six out of its 7 service areas.
"Videocon Telecom is rolling out LTE-ready Packet Core network from Huawei in 6 telecom circles in India. This network will provide a larger data coverage and reduce the overall capex and opex leading to an improved profitability and lower costs to end users," Videocon Telecom's Director and CEO Arvind Bali said in a statement.
New Delhi: Bharti Airtel on Thursday said it has tied up with African telecom operators Tigo and Zantel for providing customers in Tanzania mobile money transfer service across networks.
The service is expected to begin this month, Bharti Airtel said in a statement.
With this agreement, customers of the three firms will be able to send money by mobile to each other by either using Airtel Money, Tigo Pesa or EzyPesa.
New Delhi: State-run BSNL on Tuesday launched a service wherein its mobile customers will be able to access Facebook without any Internet or data connectivity.
BSNL users will be charged Rs 4, Rs 10 and Rs 20 for 3 days, weekly and monthly plans, respectively, the company said in a statement.
The public sector telecom firm has tied up with U2opia Mobile to provide Facebook access through USSD in East and South zones immediately and shortly the service will be launched in West and North zones.
New Delhi: Telecom operator Aircel on Tuesday opened 200 branded outlets, named XPRESS Stores, in a bid to expand its retail footprint across the country and plans to scale up the number to 500 by mid-2015.
"We are delighted to expand our national retail footprint by opening 200 Aircel XPRESS Stores across the country. We plan to elevate the number of such stores to 500 by first half of 2015," Aircel's National Head for Operations and Customer Support, Vipul Saurabh said in a statement.
Kolkata: Reliance Jio Infocomm, the telecom arm of Mukesh Ambani-led Reliance Group, is beset with the problem of not getting right-of-way to lay underground cables in various parts of the country hitting progress in network expansion.
"Getting right-of-way in several parts of the country is becoming a problem for Reliance Jio. But things will be sorted out as early as possible," a company official told PTI on condition of anonymity.
Other companies were also facing similar problems, he said adding "rules for getting right-of-way vary from place to place".