Page 5 - Telecom Companies

Looking at 3 telcos' proposals on converting dues into equity: Vaishnaw

The government is examining proposals from three telecom companies keen to opt for converting interest on deferred spectrum and adjusted gross revenue (AGR) dues into equity, Telecom Minister Ashwini Vaishnaw said in the Rajya Sabha on Friday. The minister -- responding during Question Hour to a query if the government has any equity in private telecom firm Vodafone -- said a one-time option was given to telecom companies to either pay upfront the interest on AGR dues or convert it in the form of equity in lieu of that as part of the structural reforms announced in September last year. The one-time option was given to telecom companies to ensure the government's revenue is not compromised, he said. The minister said, "Three companies have exercised that option. We have received their letters and we are examining them." The option was also given because the telecom sector has been going through a tough phase for many years, due to which, the balance sheet of many companies is not go

Nokia says revenue and margins to rise this year as turnaround gathers pace

Nokia predicted its 2022 revenue will amount to between 22.6 billion euros and 23.8 billion euros.

Economic Survey: Telecom reforms to spur liquidity, investments in 5G

The telecom sector reforms are poised to boost 4G proliferation, infuse liquidity and create an enabling environment for investment into 5G networks, according to Economic Survey 2021-22.

Airtel buys around 25% equity stake in startup Lavelle Networks

Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks.

Telecom companies push for 90-95% cut in base price of 5G spectrum

Telcos seek easy payment terms of 20-25 years, with 5-6 years of moratorium

Govt set to become largest shareholder of Vi, to own 35.8% stake

Currently, the Aditya Birla group holds around 27.7 per cent while Vodafone Group holds 44.3 per cent in the telco

Govt mandates telcos to keep call data, internet usage record for 2 years

Department of Telecom (DoT) has extended the duration of archiving call data and internet usage records of subscribers to two years from one year due to security reasons. The amendments in the licences were issued on December 21 and extended to other forms of telecom permits on December 22. "The licensee shall maintain all commercial records/call detail record/exchange detail record/IP detail record with record to the communications exchanged on the network. Such records shall be archived for at least two years for scrutiny by the licensor for security reasons...," the DoT circular said. Telecom companies may destroy the data stored thereafter if there is no direction from the DoT thereafter. The circular said that the amendment is necessary in "public interest or in the interest of the security of the state or for the proper conduct of the telegraphs". The amendment mandates telecom companies to maintain internet data records of subscribers including login and logout details of a

Indian telecom companies eye 5G services rollout with better profits

Telecom is a capital-intensive sector requiring continuous technological upgradation

Keep hands off USO fund, it's our money: Telecom firms to satellite players

The USO fund was set up by the government in 2003 to provide a subsidy for inclusive communication growth.

Jio gets highest 'A-' rating on CDP's 2021 Global Environment Impact

Reliance Jio, India's youngest but largest telecom company, has received the highest 'A-' rating, denoting the highest leadership level, in non-profit CDP's 2021 global rating of companies

After 11 years of struggle, MTNL headed higher; Vodafone may see 40% jump

The slew of developments in the telecom space over the past few weeks have brought back investors' interest in this sector. Most stocks should do well over the next few sessions, tech charts show

DoT releases bank guarantee of around Rs 9,200 cr of Airtel, VIL, Jio

DoT returns bank guarantee worth around Rs 6,500 crore to Airtel, VIL, say sources

Telecom companies likely to ring in 5G services on Independence Day

Telcos are, of course, taking aggressive steps anyway, such as testing their 5G network capabilities through trial runs

A controversial call: What does 5G spectrum auction delay mean for India?

Industry arguments over allocations and auctions for satellite airwaves have ended up delaying the launch of 5G

Telcos get six-month 5G trial extension, spectrum auction may get delayed

According to industry estimates, nearly 1,660 cities globally have some sort of 5G

Musk's Starlink to explore collaboration with Indian telcos for broadband

Elon Musk-led SpaceX's satellite broadband arm Starlink is planning to explore collaboration with telecom companies in India to expand broadband services in the country

Route Mobile shareholders approve raising Rs 2,000 cr via securities

Enterprise communication service provider Route Mobile has received shareholders approval to raise Rs 2,000 crore through sale of securities, according to the company's regulatory filing.

Govt notifies rules to settle Vodafone retrospective tax case

After the notification of the rules, Vodafone will have 45 days to approach the government for a settlement.

Telecom companies vie for more space in Indian Space Association

One of the key issues that ISpA will look at is the space policy, which is being finalised

Govt has no interest in acquiring any telecom firm: Vodafone Idea CEO

The govt has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of Vodafone Idea said