Telecom Industry
Milestone Achieved: Telecom Equipment Manufacturing Surpasses Rs 50,000 Crore Under PLI Initiative
Companies that are beneficiaries under the PLI have seen exponential growth in sales of telecom and networking products by 370 percent in FY2023-24 over the base year FY 2019-20. More importantly, the gap between the concerned imports and exports of telecom has also come down, with total exports of telecom equipment and mobiles crossing Rs 1.49 lakh crore, marginally higher than imports of Rs 1.53 lakh crore in FY 23-24, data from the government showed.
Airtel Settles Rs 7,904 Crore in Spectrum Liabilities Ahead of Schedule
As a matter of fact, in January this year Airtel paid Rs 8,325 crore to the government towards spectrum liabilities that it owed since the purchase made in 2015. In the 2015 auction, Airtel has acquired 111.6 MHz of spectrum for Rs 29,130.20 crore and according to the rules, the company had paid an upfront payment of Rs 7,832.58 crore. Before that, in July last year Airtel prepaid Rs 8,024 crore to clear the liabilities accrued on the 2015 spectrum purchase.
Vodafone Idea Clinches $1 Billion Equity Pledge from Investors, Signals 'Soft Commitment'
According to informed sources, the telecom giant has garnered a "soft commitment" from investors, which encompasses contributions from promoters as well. The intended use of these funds includes clearing vendor dues and directing investments towards bolstering both 4G and 5G infrastructure.
India Sets Sights Beyond 5G, Leaping Forward to Explore 6G Communications
Prime Minister Narendra Modi's inauguration of the International Telecommunication Union (ITU) Area Office & Innovation Centre marked a significant step in this journey.
IMC 2023: Showcasing India’s transformational role in telecoms
The IMC, jointly organised by the Department of Telecommunications (DoT) and the Cellular Operators Association of India (COAI), has brought together the leading minds across policy and corporate landscape from India and elsewhere.
Global telecom equipment market grows 2% only in 1st half of 2023: Report
According to the market research firm Dell’Oro Group, the worldwide telecom equipment revenues, excluding North America, increased by 7 per cent in the first half, supporting the thesis that the telecom equipment market remains robust outside of the US.
Cabinet clears telecom bill, likely to be introduced in Parliament next week
The bill proposes to enlarge the scope of telecommunication services by including OTT, Internet-based and satellite-based communication services, broadcasting, internet and broadband services within its ambit. This provision was, however, objected to by social media and technology companies, arguing that it could result in regulation of OTT communication applications.
48 US states sue telecom company over billions of illegal robocalls
The lawsuit was filed in US District Court for the District of Arizona against Avid Telecom, its CEO Michael Lansky and VP of Operations and Sales Stacey Reeves.
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