Page 2 - Telecom Market

VIL board meeting on Jun 22 to consider Rs 500-cr fundraising from promoter

The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company).

Will 5G launch in India turn the tables for telecom companies financially?

Telcos are focusing on building a market for new-use connectivity services till the consumer base gains critical mass

Govt telecom revenues in FY'23 to be significantly higher than BE: Official

The telecom revenue collection is expected to be higher than the budget estimates of Rs 53,986.72 crore for the current financial year at Rs 71,959.24 crore

HFCL shares tumble nearly 9% post earnings after 4.7% decline in Q3

Shares of domestic telecom gear maker HFCL on Tuesday tumbled nearly 9 per cent after the company posted 4.7 per cent decline in consolidated profit for the third quarter ended December 31, 2021. The stock declined 8.60 per cent to Rs 88.10 on the BSE. At the NSE, it tumbled 8.56 per cent to Rs 88.10. HFCL on Monday posted 4.7 per cent decline in consolidated profit to Rs 81.1 crore for the third quarter ended December 31, 2021 mainly on account of hike in component prices, specially semiconductors. The company had posted a profit after tax of Rs 85.11 crore in the same period a year ago. Revenue declined 4.86 per cent during the quarter to Rs 1,215.21 crore compared to Rs 1,277.48 crore it posted in the same quarter of 2020-21. "Although the demand in the economy is coming back gradually, we had a strong quarter with growth in revenues. The margins during the quarter got slightly impacted followed by increased logistic costs and increase in fiber and semiconductor prices," HFCL

Won't be able to meet targets, extend PLI by a year: Telecom gear makers

Some of the companies have made it clear that they will not be able to meet their stiff incremental investment and production targets for the first year

5G spectrum auctions slated to take place early next year: DoT secretary

Spectrum auctions for the 5G services are expected to be held early next year, a top official said Thursday. The Telecom Regulatory Authority of India (Trai) has floated a consultation paper for the spectrum price for the proposed auction that is expected to pave the way for 5G services. Telecom Secretary K Rajaraman during the workshop said 5G offers us a great opportunity and 5G spectrum auctions are slated to take place early next year, state-owned telecom research and development organisation C-DOT in a statement. "He exhorted C-DOT to take active leadership in the early implementation of 5G and 6G in collaboration with Indian companies, start-ups and academia," C-DoT said. The objective of the workshop was to bring various stakeholders, including the industry, R&D, academia, start-ups and MSMEs, on a common platform to deliberate upon the strengths and weaknesses in the indigenous manufacturing ecosystem and work out effective technologies in an expeditious manner. The ...

Telecom relief package credit positive for Airtel, Jio, says Moody's

Moody's said the change in the AGR definition to exclude non-telecom revenue will ultimately boost sectorwide EBITDA

AGR deferment has resuscitated the idea of a three-player market: Analysts

While most brokerages have given a thumbs up to the development and suggest the provisions give some breathing space to Vodafone Idea (VI), Bharti and Reliance Jio, too, stand to gain

Cabinet did not take up proposal for telecom relief measures: Report

Earlier in the day, telecom stocks were on investors' radar, with a news report claiming the telecom department is devising measures to improve health of the debt-laden sector.

Airtel takes a leaf out of Reliance Jio as telecom battle intensifies

This is not the first time that Bharti Airtel has followed its arch rival's strategy. Over 4G, it followed a similar policy too which differentiated them both from their legacy telecom rivals

India's 5G space booming with global, domestic players pitching in

India's 5G dreams may have been delayed amid the pandemic but this has not been able to detract the equipment makers from engaging in terms of equipment manufacturing and network development.

Airtel Africa profit after tax zooms to $142 million in June quarter

Airtel Africa provides telecom and mobile money services and has presence in 14 countries in Africa

Bharti Airtel shares fall as key revenue metric miss analyst estimate

Shares of the country's second-largest telecom operator fell as much as 2.3% to Rs 537.25 in morning trade and were set for a fifth straight session of losses

Dixon, Bharti Enterprises to form JV for manufacturing telecom products

Dixon Technologies on Wednesday said it has entered into a pact with Bharti Enterprises to form a joint venture to manufacture of telecom and networking products

PLI scheme will make India telecom manufacturing hub, generate jobs: Modi

Prime Minister Narendra Modi said on Wednesday that the Union Cabinet's approval to a production-linked incentive (PLI) scheme will make India a telecom manufacturing hub

RailTel's Rs 820-cr IPO subscribed 2.6 times on Day-1; Nureca by 15x

The retail portion of RailTel's issue has already garnered 5x subscription. On Monday, the state-owned firm allotted shares worth Rs 244 crore to anchor investors

SoftBank's Masayoshi Son to step down as chairman of telecom unit

Junichi Miyakawa takes the helm as the industry faces unprecedented political pressure to cut fees, potentially eating into fat margins in its core business.

Telecom industry's active subscriber tally up by 2.5 mn in October: Report

The telecom industry's 'active' subscriber base rose by nearly 2.5 million in October 2020 to touch about 961 million

TEC providing free access to technical documents, industry lauds move

Domestic telecom gear maker body TEMA appreciated the development, saying this was a long-pending demand of the players

Delay in price hike, weak Q2 results may play spoilsport for Bharti Airtel

There could be earnings cuts and lower target prices if the hikes don't materialise this year