Page 4 - Telecom Sector

OTT apps: COAI bats for 'same service, same rules' under draft telecom Bill

Industry body argues for 'same service, same rules', says current disparities give OTT players privileges but not responsibilities

Q2 results: Reliance Jio logs 26.9% jump in net profit as Arpu rises

Gross revenue rises 22.8 percent annually to Rs 28,506 crore in second quarter

Nokia sees improved Q3 profit, higher sales on strong demand for 5G

Wireless and fixed-network equipment maker Nokia reported substantially improved third-quarter profits and higher sales on Thursday on the back of strong demand for 5G technology from operators. The company, based in Espoo, Finland, reported net profit of 551 million euros (USD 539 million) for the July-September period, up 19 per cent from 463 million euros a year earlier. Net income attributable to shareholders was up 21 per cent at 550 million euros from 454 million euros a year earlier. Nokia's reported sales were up 16 per cent to 6.2 billion euros. CEO Pekka Lundmark said the company's third-quarter performance demonstrates we are delivering on our ambition to accelerate growth. As we start to look beyond 2022, we recognise the increasing macro and geopolitical uncertainty within which we operate, Lundmark said in a statement. While it could have an impact on some of our customers' ... spending, we currently expect growth on a constant currency basis in our addressable market

Telecom gear maker HFCL's Q2 net profit remains flat at Rs 84.31 crore

Domestic telecom gear maker HFCL's consolidated net profit remained flat at Rs 84.31 crore for the quarter ended September 30, 2022, as per a filing. The company had posted a net profit of Rs 85.94 crore in the same period a year ago. The consolidated revenue from operations declined by about 6 per cent to Rs 1,051 crore compared to Rs 1,122 crore in the September 2021 quarter, it added.

Jio topples BSNL to become largest fixed-line service provider in August

Private telecom operator Reliance Jio toppled state-run BSNL in August to become the largest fixed-line service provider in the country, according to a Trai report released on Tuesday. This is the first time since the beginning of telecom services in the country that a private operator has gained the numero uno position in the wireline segment. According to Trai's subscriber report for August, Jio's wireline subscriber base reached 73.52 lakh while that of BSNL was at 71.32 lakh. BSNL has been providing wireline services since the last 22 years, whereas Jio launched its wireline offering 3 years ago. The wireline subscribers in the country grew to 2.59 crore in August from 2.56 crore in July. The growth was dominated by the private sector, with Jio adding 2.62 lakh new customers, Bharti Airtel 1.19 lakh, Vodafone Idea (Vi) 4,202 and Tata Teleservices 3,769. State-run telecom firms BSNL and MTNL lost 15,734 and 13,395 wireline customers, respectively, in August. The overall telec

India sees 34% uptick in jobs related to 5G adoption, telecom: Report

As enterprises look at 5G adoption at an accelerated pace with its roll out in India, job postings for telecommunications and 5G have increased by 33.7 per cent in the last 12 months

Nokia, Ericsson ink multi-year contracts to power Reliance Jio's 5G network

Jio will deploy a standalone 5G network, which will interwork with its 4G network and enable it to provide services such as machine-to-machine communication, network slicing, and ultra-low latency

DoT summons mobile device makers, telecom companies to push 5G updates

The two sides play a blame game as users' search for 5G services continues

Nokia to scale up mfg in India by 1.5x to support its 5G service rollout

The firm is supplying radio access networks to Ericsson and Reliance Jio for their 5G networks from its Chennai plant. Vodafone Idea is yet to finalise its contract as it awaits fresh funding

Airtel to finalise tariff for 5G services in a few days, executive says

Broader point is that tariff must rise and telco will be happy to take the lead, he adds

New telecom products, exports will drive growth : HFCL MD Mahendra Nahata

HFCL launched the world's first open-source Wi-Fi7 access point that promises faster speed than earlier generations of Wi-Fi networks

Discussions on with Indus Towers for softer payment terms, says Vi

This follows Indus Towers's warning letter to Vi to pay up its accumulated dues or face disconnection from November.

Vi to lose access to towers if it fails to clear dues, says Indus Towers

Vodafone Idea's (Vi) total tower dues exceed Rs 10,000 crore. Out of this, Rs 7,000 crore is owed to Indus Towers alone

Top Headlines: PSBs to hire on monthly basis, Sebi goes to SC, and more

The Securities and Exchange Board of India (SEBI) has moved the Supreme Court against New Delhi Television (NDTV), the media company said

Telecom may be first strategic sector to be picked up for privatisation

According to the centre's PSE policy announced in 2021, the government aims to maintain 'bare minimum' presence in strategic sectors that include energy, telecom, power, banks, and minerals.

New Telecom Bill provides road map for innovation: Ashwini Vaishnaw

"It's a matter of a few days only when the bill will be uploaded for consultation," he said

Draft Telecommunication Bill to reduce paperwork, says Ashwini Vaishnaw

It is part of the overhauling exercise being done by the department of telecommunications internally as it looks to simplify procedures and provide ease of doing business to the industry

Telcos want seven sections of the Telegraph Act 1885 repealed or modified

Technology has made some sections irrelevant while others need strengthening for the modern age, telcos have argued through their apex body, COAI

How RIL quietly reinvented its investment strategy to meet new goals

Nowhere in sight two years ago, the energy vertical now accounts for over a fourth of RIL's $6.4 bn war chest while telecom's share in dipping and retail has clearly become a laggard

Airtel, Jio to spend about Rs 400 crore on ads during festive season

Bharti Airtel and Reliance Jio together are likely to spend the bulk of around Rs 350-400 crore in festive season advertising