Telecom Sector

Bharti Infratel's fourth quarter net up 64 percent

Bharti-InfratelNew Delhi, April 24 : Telecom tower provider Bharti Infratel's net profit for the fourth quarter (January-March) of 2013-14 jumped by 64 percent, a company statement said here Thursday.

The company posted net profit of Rs. 472 crore during the fourth quarter of 2013-14 compared to Rs. 287 crore it posted during the corresponding period in 2012-13.

The revenue of the company increased by 4 percent. The company clocked Rs. 2,790 crore revenue during the fourth quarter of 2013-14 compared to Rs. 2,674 crore during corresponding period 2012-13.

Reliance Jio joins hand with ATC for tower-sharing

Reliance-Jio-InfocommNew Delhi, April 21 : Reliance Jio Infocomm and ATC India Tower Corporation Monday inked an agreement under which the former would use tower infrastructure of the latter to launch its telecom services across the country.

ATC has 11,000 towers in India.

Shaw Communications to axe 400 jobs

Shaw Communications to axe 400 jobsShaw Communications has said that it is planning to cut a total of about 400 employees, which is about three percent of its workforce.

The company is looking to lay off workers in order to revive its business and saving costs. The company, which is based in Calgary, said on monday it is aiming to rearrange the structure of its cable, satellite, Internet and home phone services in order to make them more efficient.

Airtel to offer free 3G data for Nokia X customers

Airtel to offer free 3G data for Nokia X customersIndia's leading telecom service provider, Airtel has said that it is planning to offer free 3G free 3G data data for three months with the new Nokia X.

The new Nokia X was released in the country in the previous month. The handset maker has tied up with Bharti Airtel to offer free 3G data to its customers. The telecom service provider has announced that it will offer 500MB of 3G data free for a period of 3 months with the handset.

Bharti Airtel, MTN in mobile money service in West Africa

bharti-airtel-mtnNew Delhi, April 8 : Bharti Airtel Tuesday announced a cross-border remittance partnership with South Africa's MTN Group to facilitate mobile money transfer between the two West African countries of Ivory Coast and Burkina Faso.

"The landmark partnership will enable Mobile Money customers of MTN Ivory Coast and Airtel in Burkina Faso to easily transfer money between the neighbouring countries," Bharti Airtel said here in a release.

"Until now, moving money between the two countries was mired by high fees, high usage of informal channels and a lack of proximity to withdraw money," it added.

Bharti Airtel to launch $400M overseas bond issue

Bharti-AirtelTelecommunication services provider Bharti Airtel will tap the overseas bond markets again to raise $400 million, a merchant banker associated with the imminent issue revealed.

The bond issue, which is a part of Bharti's $2 billion debt raising plan, will take place in the next three to four weeks. The merchant banks said the issue would likely go through either by the end of April or early next month.

Revealing the planned issue, the merchant banker said, "Bharti will be raising around $400 million in the next three-four weeks from an overseas offering."

Sprint’s new ‘Framily’ plan offers up to $650 in credit

Sprint’s new ‘Framily’ plan offers up to $650 in creditOverland Park-based mobile phone carrier Sprint has announced a new 'Framily Switching Bonus' plan that offers a credit of up to $650, which includes a prepaid Visa card for every new subscriber for switching carriers.

The new plan, which has been launched for a limited time period, offers new subscribers who switch their phone number to Sprint a credit of up to $300 for a trade-in phone and a Visa Prepaid Card credit of up to $350 to cover contract termination fees. 

Bharti Airtel is now Nigeria's second largest telecom operator

Bharti-AirtelNew Delhi, April 3 : Telecom service provider Bharti Airtel has become the second largest operator in Nigeria in terms of customer numbers, according to Nigerian Communications Commission (NCC), the market regulator.

“It is a clear indication of the trust that a growing sector of the population have started to have in us. Nigeria continues to be a very competitive telecom market and our intention is to ensure that we continue to innovate and make life easier for our customers,” Christian de Faria, Airtel Africa's chief executive officer, said in a statement.

Turkey shuts down Youtube

Turkey shuts down YoutubeAnkara, March 28 - Turkey's Telecommunications Directorate Thursday blocked access to popular social network Youtube hours after a leaked voice recording of a high-level security meeting on Syria was published on this website, the media reported.

In the voice recording, Foreign Minister Ahmet Davutoglu, National Intelligence Organisation Undersecretary Hakan Fidan, Foreign Ministry Undersecretary Feridun Sinirlioglu and Deputy Chief of General Staff General Yasar Guler were heard discussing possible intervention into Syria, Xinhua quoted Dogan news agency as saying.

Airtel launches pocket TV app

Airtel-Pocket-TV-AppNew Delhi, March 27 : A mobile app that enables viewers watch their favorite TV programmes while on the move was launched here Thursday by Airtel Digital TV, the DTH service arm of leading telecom operator Bharti Airtel.

Airtel ‘Pocket TV’ is loaded with over 150 Live TV channels and more than 10,000 hours of video content and over 13 channels on anytime TV, a company statement said.

“Pocket TV now promises a never-before library of video content which is available at an affordable price,” the statement said.

Airtel set to introduce Nokia X in 17 African nations

Airtel-Nokia-XNew Delhi, March 20 : Telecom service provider Bharti Airtel has joined hands with handset maker Nokia to provide new Nokia X smartphone across 17 countries in Africa from mid-April this year, a company statement said here Thursday.

Bharti Airtel has operations in 20 countries across Asia and Africa.

"This is yet another first from Airtel and Nokia. As Africa's largest Internet provider, we are excited that Airtel customers in 17 countries will be amongst the first in the world to enjoy a unique combination of Nokia's stunning design and user experience integrated with a wide range of services.

Nortel collapsed due to a culture of arrogance

Nortel collapsed due to a culture of arroganceThe have been many explanations for the complete collapse of telecom service provider, Nortel five years ago, but experts now believe that it was due to "a culture of arrogance and even hubris".

A new analysis of the company's final decade of operations showed that the arrogant culture resulted in numerous management errors and weakened the firm's ability to adapt to changing environment.  A University of Ottawa team of professors, led by lead researcher Jonathan California have released a new detailed analysis on Monday about the collapse of the company.

Vodafone to acquire Spain’s Corporativo Ono

VodafoneGlobal telecom giant, Vodafone has said on Monday that it has agreed to buy Spanish cable operator Corporativo Ono in a deal valued at _7.2 billion.

The acquisition will allow the company to expand its presence in the Spanish TV and broadband market. Following the acquisition, Vodafone will have 1.9-million customers in Spain to complement its mobile service. It will allow the company to better compete with the likes of  Telefonica and Orange.

Reliance Jio to ride on 42,000 Viom Networks' towers

Reliance Jio to ride on 42,000 Viom Networks' towersMumbai, Mar 17 : Reliance Jio Infocomm Limited ('Reliance Jio') will be launching its services across India using telecom-tower infrastructure provided by Viom Networks. Under a Master Services Agreement, Reliance Jio will use Viom Networks' Pan India Passive telecom infrastructure having a footprint of over 42,000 telecom towers.

"This agreement is in line with our mission of a Pan India launch spanning next-generation voice and data services and leveraging existing telecom infrastructure," said Sanjay Mashruwala, Managing Director, Reliance Jio.

No evidence against me in the 2G scam: A. Raja

A-RajaNew Delhi, March 14 : DMK leader A. Raja said Friday he is innocent and there is no evidence against him in the alleged irregularities in allocating 2G spectrum, adding the government did not defend the accusations well enough.

"Two things are very clear... there is no exchequer loss and there is no illegal wealth with me. Despite of that, people are saying there is a big scam," he said.

"No evidence has come out against me," he said.

He said government did not argue the case well enough at any of the forums.

Google's Nikesh Arora resigns from Bharti Airtel board

Nikesh-AroraNew Delhi, March 13 : Google's Chief Business Officer and senior vice president Nikesh Arora has resigned as independent director from the board of telecom service provider Bharti Airtel and he was replaced by Dinesh Kumar Mittal, a former bureaucrat, a company statement said here Thursday.

Mittal retired as secretary, department of financial services, in 2013. The company said Mittal, a 1977 batch UP cadre IAS officer, has been appointed as an additional director in the category of independent director.(IANS)

Reliance Jio’s Innovation Head Arvind Rao resigns

Reliance Jio’s Innovation Head Arvind Rao resignsReliance Jio Infocomm's head of innovation Arvind Rao has reportedly left the company. Mr. Rao had joined Mukesh Ambani-led RIL in November 2012.

Mr. Rao, who was responsible for Reliance Jio's content strategy, has left the company at a time when it is preparing to launch high-speed voice and data service on mobile.

The reason behind Mr. Rao's abrupt departure could not be ascertained. A spokesperson for the company declined to comment on the report. However, a former colleague of Mr. Rao confirmed his departure.

S&P upgrades Bharti Airtel’s rating to 'BBB-' from 'BB+'

S&P upgrades Bharti Airtel’s rating to 'BBB-' from 'BB+'Standard & Poor's Ratings Services has announced its decision to upgrade the rating of Indian telecommunication giant Bharti Airtel.

The rating agency upgraded the shares of the company from 'BB+' to 'BBB-'. The company said that the upgrade shows that the company will use its significant free operating cash flows and funds from strategic measures in order to reduce its leverage in order to improve its financial risk profile.

DoT panel recommends slab-based penalties for telecom violations

TelecommunicationsA Department of Telecommunications (DoT) panel has recommended a slab-based structure with monetary fines for violations committed by telecom operators.

Monetary fines recommended by the DoT panel ranges from Rs 1 lakh to Rs 50 crore. It also suggested that violations by telecom operators should be examined on nine parameters and clubbed in five categories.

Warnings over certain violations can cost Rs 1 lakh to telecom operators, while minor violations will welcome a penalty of Rs 1 crore. Moderate, major and severe violations will cost Rs 5 crore, Rs 20 crore and Rs 50 crore, respectively.

Essar Telecom plans to sell Kenya business

Essar-TelecomNew Delhi, March 4 : Essar Telecom is planning to sell its Kenya business to Indian telecom service provider Airtel and Kenya's operator Safaricom.

"Airtel Networks Kenya Limited has sought approval from the Communications Authority of Kenya to acquire the telecommunications licences and subscribers of Essar Telecom Kenya Limited, which operates under the brand name 'yuMobile'," Airtel said in a statement Tuesday.

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