Download The Newsmen Mobile App

And Stay Updated with Latest News

Install Now

Telecom Industry

Ex-Telecom Minister Sukh Ram passes away
Airtel prepays Rs 8,815 cr to clear deferred liabilities for spectrum
Digital communications solutions provider Bharti Airtel on Friday said it has paid Rs 8,815 crore towards part prepayment of deferred liabilities pertaining to spectrum acquired in auction of year 2015. Accordingly, the payment was made to the Department of Telecom, Government of India. "The prepayment is for installments due in FY 2027 and FY 2028," the company said in a statement.
Telecom industry to witness healthy revenue growth in FY23
Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry's revenue growth in FY23. The sector has been saddled with debt due to complications such as the 'Adjusted Gross Revenue' (AGR) case verdict, which brought in a huge immediate liability on the books of telecom operators.
'2G spectrum allocation arbitrary': SC junks Loop Telecom plea for licence fee refund
The Supreme Court on Thursday said the allocation of the 2G spectrum was found to be arbitrary and constitutionally infirm, as it junked Loop Telecom plea seeking refund of Rs 1,454.94 crore paid for 2G licence. Senior advocate A.M. Singhvi represented Loop Telecom in the top court.
Bharti Airtel
Bharti Airtel posts 13% rise in quarterly revenue
Newsmen Business Desk -
The company on Tuesday said that its net profit for the July-September quarter of FY22 stood at Rs 1,134 crore, compared with a net loss of Rs 763 crore in the same period of previous year. Profit from its mobile services in India more than doubled to Rs 1,612.5 crore from Rs 685 crore a year earlier, and profit from its mobile services in Africa increased 40 per cent to Rs 2,809 crore.
Telecom reforms: DoT lowers bank guarantee for telcos
The cabinet last month approved a relief package for the telecom sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route. As part of the measures, it also proposed reduction of bank guarantee requirement of telcos by 80 per cent.
Centre notifies 100% FDI in telecom sector via automatic route
Accordingly, Department for Promotion of Industry and Internal Trade, via 'Press Note No 4 (2021 Series)' said the Centre reviewed the extant of FDI policy on telecom sector and made amendment under the Consolidated FDI Policy Circular of 2020. Under the amendment, 100 per cent FDI via the automatic route will be allowed into telecom services including telecom infrastructure providers 'Category-I'.
Mobile Tower
Relief for telcos as DoT willing to review appeal in one-time spectrum charge case
In a short affidavit, the Department of Telecommunication (DoT) under the Ministry of Communication, said the amount involved, which is the subject matter of adjudication, would be imposition of financial liability on various telecom service providers (TSPs)to the tune of Rs 40,000 crore approximately.
Tejas Network headquarters
Tejas Network set to become India's own Huawei, bags Airtel order for optical network expansion
Newsmen Business Desk -
Tejas Networks on Friday announced that telecom giant Bharti Airtel chose Tejas to expand Airtel’s optical network in key metropolitan cities. In a statement, Airtel said that the tie-up with Tejas networks comes as a part of the 5G roadmap that the telecom giant is planning for India.
Data Led: Telecom players' ARPU to grow even without tariffs hikes
As per India Ratings and Research (Ind-Ra): "The sliding voice tariffs, growing data tariffs, increasing data usage per subscriber and increasing data subscribers in the overall subscriber base over the last one year indicate that the average revenue per user of the industry could grow even without tariffs hikes."