Page 9 - Telecom Sector

Govt asks telcos to convey about opting for dues moratorium by Oct 29

It has also given 90 days' time to the operators to indicate if they want to opt for converting the interest amount pertaining to the moratorium period into equity

Jio tops 4G chart with 20.9 Mbps download speed in September: Trai

Reliance Jio maintained the top position in the 4G speed chart with a 20.9 megabit per second (Mbps) average download rate in September, as per telecom regulator Trai

Nokia India, Foxconn, 29 others get DoT approval for PLI scheme

The DoT notified the PLI scheme for telecom and networking products on February 24 with a financial outlay of Rs 12,195 crore, over the five years

Dixon to invest Rs 200 cr under PLI; plans to acquire Bharti's plant

Dixon Technologies plans to acquire a Ludhiana-based manufacturing unit of Bharti Group to start making telecom gears under the production-linked incentive scheme announced for the sector

Govt approves 31 proposals for telecom PLI scheme of Rs 3,345 cr investment

The companies selected for the PLI scheme include Nokia India, HFCL, Dixon Technologies, Flextronics, Foxconn, Coral Telecom, others

Foxconn's Bharat FIH opens research, development centre in Chennai

Electronic manufacturing services firm Foxconn's subsidiary Bharat FIH, formerly known as Rising Stars Mobile India, has opened a research and development centre at the IIT Madras Research Park in Chennai, the company said on Tuesday. It will be among the first R&D centres in India to design end-to-end 5G devices and will offer end-to-end services to customers, including product design, tooling and moulding, global sourcing and manufacturing services for smartphones and other products and services in the electronics segment. Bharat FIH makes devices for Xiaomi and Nokia. Bharat FIH Country Head and Managing Director Josh Foulger said there is a clear market need for innovative technologies and products with quick turnaround times in the ever-changing electronics segment. "Our India R&D will capitalise on our manufacturing strengths and collaborate with our global teams under the Foxconn Technology Group in product design, cost optimisation, customer experience, sourcing, ...

DoT scraps FBG requirement for annual spectrum instalment

The notification follows the blockbuster reforms and support package announced last month by the government for the telecom industry

HFCL Q2 profit up 61% to Rs 86 crore; revenue up 6.4% to Rs 1,122 crore

Domestic telecom gear maker HFCL on Monday posted a 61.18 per cent jump in its consolidated net profit to Rs 85.94 crore in the September quarter.

Vaishnaw, DoT secy make first test call on indigenously developed 4G tech

First test call on indigenously-developed 4G technology, installed in BSNL network for trial, was made on Sunday by Department of Telecom secretary to Telecom Minister Ashwini Vaishnaw

Telecom secy asks C-DoT to work on 6G, launches Quantum Communication Lab

Samsung, Huawei, LG and some other companies have started working on 6G technologies which is said to be 50 times faster than 5G and is expected to be commercially launched between 2028-2030

DoT cuts bank guarantee requirement for telecom operators by 80%

Telecom firms will now provide a performance bank guarantee of up to Rs 44 crore for each service for the licence compared to Rs 220 crore mandated

Telecom reforms: Relief with hope?

This could be a good first step towards a real transformation

Jio, Bharti may see 5-7% sequential revenue rise in Q2: Jefferies

Telcos Reliance Jio and Bharti may post a 5-7 per cent sequential rise in revenue with a steady margin for the second quarter of FY22, according to Jefferies. Bharti's growth will be led by segmented tariff hikes taken in the second quarter ended September, while Jio's growth will be driven by continued subscriber growth, it further said. Jefferies expects the outlook on tariff hikes for Bharti, further details on JioPhone Next for Jio, and tenancy outlook for Indus Towers to be the key things to watch for in the September quarter. "While the Government's recent moves improve the chances of Vodafone Idea's survival, it is unlikely to arrest the market share shift from Vodafone Idea towards Bharti Airtel and Reliance Jio," Jefferies' note said. This, along with, Bharti's hikes in July should keep revenue growth strong over the near to medium term. "For 2QFY22, we expect Reliance Jio and Bharti to report 5-7 per cent quarter-on-quarter rise in revenue with steady margin," it ...

DPIIT notifies 100% FDI in telecom sector via automatic route

The government on Tuesday notified its decision to permit 100 per cent FDI under automatic route in the telecom services sector.

TDSAT cases in the Supreme Court: No telling which way the tide will turn

Experts feel that a favourable ruling by the SC for telecom firms in the matter of one-time spectrum usage charge with prospective effect would help them reduce their liabilities

Top headlines: Moody's upgrades India's outlook; Vedanta eyes Hind Copper

Business Standard brings you the top headlines on Tuesday

BSNL employee unions to launch campaign for removal of CMD Purwar

Employee unions of state-owned telecom firm BSNL have decided to launch a campaign for the removal of BSNL Chairman and Managing Director PK Purwar alleging his failure to revive the company.

DoT amends telecom licence norms to relax penal provisions

The move is expected to ease financial burden on the telecom sector and promote ease of doing business.

Abhijit Kishore to replace Ambrish Jain as Vodafone Idea COO

Ambrish Jain superannuated after 20 years of service

DoT's Rs 3,050-crore penalty order drags down Airtel, Vodafone stocks

Underperformance may continue on price hike delay, launch of JioPhone