New Delhi [India], Jan. 16 : A mobile app called 'SEZ India' has been launched by the Commerce Ministry that provides detailed information about the country's special economic zones, an official statement said yesterday.
The SEZ Division, Department of Commerce under its broader e-governance initiative that is, SEZ online System, has developed mobile app earlier this month for Special Economic Zones (SEZs).
The Commerce Ministry launched the app and mentioned that the app would help the SEZ units and developers to find information easily and track their transactions on SEZ online System.
With the help of the app, the SEZ developers and units can file all their transactions digitally through SEZ online system and track the status.
New Delhi [India], Jan 13 : Telecom operator Idea Cellular on Friday announced its plans to raise Rs. 500 crore through issuance of non-convertible debentures.
The telecom company is proposing to issue unsecured redeemable non-convertible debentures amounting to Rs 500 crore on private placement basis.
Idea in a regulatory filing today announced its plan is to issue NCDs on January 17 on National Stock Exchange on which it is offering 7.77 percent annual interest.
"The date of maturity for these NCDs will be January 17, 2022. This would be the third fund raising round by Idea within a period of two months. Idea raised Rs. 1,500 crore on December 13 and Rs. 1,000 crore on January 4 through issue of debentures on private placement," added the regulatory filing. (ANI)
New Delhi [India], Nov 29 : India's largest telecom tower company Indus Towers is consistently working in line with its philosophy of 'Putting India First' while bringing best in class technology innovation in the country.
With sustainability and environment at the core of all initiatives, coupled with the management's approach of Design Thinking, the company is contributing to Digital India and Smart Cities dream by building new-age infrastructure.
With this focus of putting up a robust NextGen Digital services network, Indus Towers today announced their nationwide initiative of Aesthetic Sites.
Apple has taken over Metaio, a Germany-based firm whose augmented reality technology is used by the developers and enterprise customers.
Apple has acquired Metaio for expanding its AR experiments. According to this document, the deal was officially closed last week.
The company told ZDNet, that Apple has issued its standard statement on lower-value acquisitions, saying that Apple buys smaller technology companies from time to time. Generally, it doesn't comment on the purpose or plans behind the acquisition.
As per TechCrunch, Metaio was spun out of a project at Volkswagen. It was launched in 2003. The publication reported that signs, indicating a change in the company were emerged last month when it cancelled its user conference in San Francisco.
During a presentation at the Code Conference Sprint's Chief Executive Officer Marcelo Claure said that the company will be a top wireless network competitor US in terms of quality within two years.
Claure said that Sprint will have the No. 1 wireless network with vast airwave holdings and current projects, which will improve network coverage in cities and high traffic areas.
The CEO made comments following a meet with SoftBank executives in Tokyo. SoftBank owns about 80% of the Kansas-based company, the nation's third-largest wireless carrier behind Verizon Wireless and AT&T.
Claure had a major challenge some eight months ago when he took the reins at Sprint. The compaby has been struggling to gain new customers and to keep its status as the third- largest US wireless carrier.
Altice SA announced that it is going to purchase about 70% of the telecommunications company Suddenlink Communications. The decision has been taken by the company as Patrick Drahi, head of the French telecom group Altice, has embarked on an expansion into the United States.
On Wednesday, Altice revealed that the purchase has placed an enterprise value of about $9.1 billion on Suddenlink, which is currently the seventh-largest United States cable company. Apart from buying Suddenlink stake, Drahi's investment vehicle Altice had made a takeover approach for larger Time Warner Cable Inc. Earlier, merger of Time Warner Cable Inc. was cancelled in April, as per reports.
Tuesday saw Vodafone Group Plc, the second-largest mobile-phone company, report a quarterly rise for the first time in almost three years, 0.1 percent in the three months ended March. However, it continued to stay weak in Germany, which is its biggest market.
Vodafone, with over 440 million mobile customers in countries ranging from Albania to Ireland, Qatar, India, South Africa and New Zealand, witnessed mild improvements in Italy, Spain and Portugal while it remained weak in its biggest market, Germany. The reasons attributable to this fall in revenue are decreased consumer spending and regulator-imposed price cuts.
On March 12, the Federal Communications Commission (FCC) published its Open Internet order, rules that are designed to protect net neutrality. Since then, the independent agency of the United States government faced a number of legal challenges from several telecom companies that are eager to bring down the new regulations of the agency.
On May 1, a group of companies filed petition for the commission to delay the implementation of its Open Internet order. The group which petitioned for the FCC to delay includes telecommunications companies like CenturyLink, AT&T, USTelecom, and wireless trade association CTIA. According to the group, reclassifying broadband as a service could be against the public interest. But the FCC did not agree to the group and has been fighting back.
Telecommunications major AT&T on Wednesday reported a higher-than expected earnings. The company also stated that very few of its wireless customers switched to other networks at a rate that was not seen in any first quarter.
The telecommunication company that has been awaiting regulatory approval for its $48.5 billion proposal to buy DirecTV is expecting additional cost savings of more than double than its previous forecast from the deal.
AT&T also stated that it added nearly 441,000 postpaid or contract subscribers and almost 1.2 million new wireless customers in the quarter.
China Mobile Ltd. added about $21 billion of market value in Hong Kong after the firm reported increasing adoption of its 4G services.
The world's biggest wireless carrier surged 7.5% to HK$115.9 at the close of trade, the biggest gain in almost six years. In the first quarter, China Mobile added 53 million users to the 4G network. The carrier reported that 143 million customers are now on the high-speed network.
The company has confronted increased costs to build its 4G network and attract users with promotions on tariffs and smartphones. According to Anand Ramachandran, an analyst at Barclays Plc, declines in average revenue per user have hit bottom after the first quarter result.
Singapore Telecommunications Limited, also known as Singtel, is going to buy Trustwave, information Technology Company situated in the United States. According to reports, Singtel, which is Southeast Asia's largest telecommunications operator, will but Trustwave for about $810 million. It is the company's biggest acquisition outside the main telecoms sector.
The deal proves that the telecommunications company has decided to move away from being a pure-play telecoms company. Singtel pursues expansion in sectors like digital life that includes digital advertising and mobile video.
Mumbai: Telecom players will bid aggressively in the forthcoming spectrum auction and the government may be able to raise Rs 90,000 crore through the sale of radiowaves, credit rating agency Crisil said Monday.
"With nearly half of Rs 1,200 billion annual revenues at stake for large operators, the importance of the forthcoming spectrum auction can't be overstated. Telecom operators will shell out more than Rs 900 billion to bag airwaves
(radiowaves) in the upcoming telecom auction," it said in a note.
The government has set a very high base price for the auction, which is slated to help public finances in a big way, given the slow revenue growth during the current fiscal.
New Delhi - Swedish telecom firm Ericsson on Thursday claimed in Delhi High Court that Chinese mobile phone maker Xiaomi Technology was violating its interim order by selling handsets which do not have chipsets of Qualcomm Incorporated.
The counsel for Telefonaktiebolaget LM Ericsson told Justice Jayant Nath that Xiaomi was violating a division bench order of the court, allowing the Chinese company to sell and import till today (February 5) only those handsets which have Qualcomm processors.
"Xiaomi is selling handsets based on non-Qualcomm chipsets through a website called www.Xiaomishop.Com," senior advocate Pratibha M Singh told the court.
New Delhi, Feb. 4 - The Chief Executive Officer (CEO) of UK-based telecom major Vodafone, Vittorio Colao, met Union Minister for Communications and Information Technology Ravi Shankar Prasad, and discusses Digital India project.
Colao told Prasad that Vodafone could play an important role in providing the last mile connectivity by improving its network and building broadband penetration.
"It was an excellent meeting. We have very good alignment on the 'Digital India' project. We think we can have a great role on Digital India," said Colao.
Mumbai : Tech Mahindra on Friday reported a 20.25 percent drop in its December quarter net at Rs 805.3 crore due to currency losses and wage hikes.
The IT services provider had posted a post-tax profit of Rs 1,009 crore in the year ago period.
Overall revenue grew to Rs 5,751.17 crore in the third quarter under review, up from Rs 4,898.5 crore in the year-ago period. The operating profit was also up at Rs 1,160 crore as against Rs 1,136 crore last year.
New Delhi : Telecom operator Aircel has announced a scheme offering 10 paise per minute calls to its pre-paid subscribers within its network.
The scheme will also offer free music download for first 30 days from the date subscribers opts for it.
"We are delighted to launch yet another industry first product, Unlimited STD On-net calls at 10 paise per minute bundled with limitless music free for 30 days," Aircel Chief Marketing Officer Anupam Vasudev said in a statement.
New Aircel customers can get this pack by opting for recharge from Rs 71 to Rs 149 with a validity of 30 days.
New Delhi - High 3G spectrum base price of Rs 3,705 crore recommended by inter-ministerial panel Telecom Commission and less quantum of airwaves being put for auction will adversely impact development Indian mobile networks, global telecom body GSM Association said Thursday.
"The GSMA is concerned by the action of the Telecom Commission to increase reserve prices for India's 2100MHz (3G) spectrum auction next month ? almost 36 per cent higher than those recommended by the Telecom Regulatory Authority of India (TRAI)," GSMA's Chief Regulatory Officer Tom Phillips said in statement.
Telecom regulator TRAI last month recommended base price of Rs 2,720 crore per Mhz for 3G.
New Delhi - Telecom regulator TRAI on Thursday kept the base price of 3G spectrum unchanged at Rs 2,720 crore per megahertz stating all spectrum in 2100 MHz band will be auctioned in February.
The Telecom Regulatory Authority of India on December 31 had recommended this rate for 3G spectrum which is about 19 percent lower compared to the price paid by service providers in the 2010 auction.
Earlier, the Department of Telecom (DoT) has questioned the methodology for arriving at base rate of Rs 2,720 crore per megahertz for these airwaves.
Reports said the DoT may approach the Cabinet on January 15 about the pricing of the 3G spectrum.
New Delhi - Inter-ministerial panel Telecom Commission (TC) has decided to send back Trai?s recommendations on 3G spectrum pricing for a reconsideration.
According to sources, TC today discussed Trai's proposals on 2100 MHz band base price, used for 3G services, in its meeting and decided to send back the recommendations for a review.
The Telecom Regulatory Authority of India (Trai) on December 31 had recommended a base price at Rs 2,720 crore per megahertz.
An internal committee of the Department of Telecom (DoT) is believed to have suggested fixing base price of 3G spectrum at Rs 3,899 crore per megahertz, about 43 per cent higher than the rate recommended by Trai.
New Delhi - The Union Cabinet on Monday approved the largest ever telecom spectrum auction that is targeted to fetch at least Rs 64,840 crore from the sale next month.
The government will sell 380.75 megahertz of second generation (2G) spectrum in three bands -- the premium 900 MHz, 1800 MHz and 800 MHz. Spectrum in 2100 MHz may also be put on auction simultaneously after Defence Ministry vacates it.