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Airtel payments Banks receives approval from RBI to enroll new customers

On Thursday, Market leader Bharti Airtel said it has received approval from the Reserve Bank of India (RBI) to enroll new customers for Airtel Payments Bank. “Airtel Payments Bank has received requisite approvals from the Reserve Bank of India to start on-boarding new customers. Airtel Payments Bank has also been permitted by the UIDAI to resume the on-boarding of customers using Aadhaar based e-KYC,” it said in a statement.

Samsung India set to announce key business expansion on July 9

South Korean electronics giant Samsung India is set to announce a key business expansion to further cement its position in the country on July 9. The company on Wednesday revealed that it will make an important announcement regarding its business expansion in India, during a highly secured environment at its Noida facility.

Spotlight on EISML bankruptcy even as IFC and Axis bank seek independent investigation into its parent Educomp insolvency

When the Parliament passed the Insolvency and Bankruptcy Code (IBC), in May 2016, it was touted as the biggest reform by the Modi government. It was supposed to not only solve the problem of NPAs but also deter errant promoters from siphoning off bank loans. However, it seems that in some cases promoters may be using it to escape payment obligations.

Bharti Airtel's India operations likely to widen net loss in current April-June quarter

Bharti Airtel''s India operations are likely to widen its net loss in the current April-June quarter as revenue remains under pressure and costs continue to rise, its chief executive officer Gopal Vittal has said. He, however, reassured that the worst may be behind the industry with the pricing of voice and data services — at the heart of the company’s financial woes — having bottomed out

Reliance industries to acquire Radisys

Radisys Corporation, a global leader of open telecom solutions (“Radisys” or “the Company”), and Reliance Industries Limited, India’s largest private sector company (“RIL” or “Reliance”), have entered into a definitive agreement under which Reliance will acquire Radisys for US$1.72 per share in cash. Radisys is a leader in providing open telecom solutions to service providers worldwide.

Tata Communications launches service for Microsoft Teams Direct Routing

Tata Communications, a leading global digital infrastructure provider has announced that it is one of the launch partners for the new Microsoft Teams Direct Routing capability. Calling In Microsoft Teams can be delivered over Tata Communications’ Tier-1 global network, helping enterprises worldwide offer their employees a reliable, high-quality collaboration user experience.

Chennai to host 7th Edition of Industrial IOT Congress today

The 7th Edition of the Industrial IOT Congress in Chennai will be held on Wednesday and Thursday, will bring together some of the sharpest minds in industry working on internet of things (IOT). Experts from sectors including automobiles, consumer products, telecom and manufacturing will discuss critical aspects of the Internet of Things, the new cutting-edge technology that is driving smart products of the future.

Reliance Jio Infocomm Limited signs US$ 1 bn equivalent term loan facility covered by K-SURE

Reliance Jio Infocomm Limited (“RJIL”) has signed a US$ 1 billion equivalent term loan facility covered by Korea Trade Insurance Corporation (“K-SURE”) on 22nd June 2018 (the “Facility”). The Facility will be used to finance goods and services procured primarily from Samsung Electronics and Ace Technologies Corp. The Facility has door to door tenor of 10.75 years.

Idea Cellular’s stocks fell 6% on possibility of Vodafone merger delay

Idea Cellular stocks dip 6% in intraday trade on Bombay Stock Exchange (BSE), following a report indicating that the telecom department may raise a fresh demand of Rs 4,700 crore ahead of Idea-Vodafone proposed merger. This is expected to delay the proposed merger between UK-based Vodafone and India’s third-largest telco Idea Cellular.

Nokia signs five-year global IT infrastructure and application services deal with HCL Technologies

HCL Technologies (HCL), a leading global technology company has announced that it has been selected by Nokia, a Finnish networking and telecommunications equipment company as part of an important effort of streamlining Nokia’s outsourced IT management services. Nokia will partner with HCL for transforming and modernizing its IT infrastructure & applications landscape.

Tata Communications join hands with Singaporean TelcoTech platform company MyRepublic

Tata Communications, a leading global digital infrastructure provider, is working with the Singaporean TelcoTech platform company MyRepublic as it looks to expand its offering from home broadband to mobile services. The cloud-based Tata Communications MOVE™ platform helps MyRepublic become a mobile virtual network operator (MVNO) without having to make any capital investments in its own mobile network infrastructure or service management.

Tata Communications provides secure and seamless connectivity to BlaBla Connect OTT subscribers

Tata Communications, a leading digital infrastructure provider has been selected by global OTT solutions provider BlaBla Connect to underpin a first-of-its-kind OTT service that integrates its existing mobile wallet and voice services together with borderless connectivity. As a result, BlaBla Connect subscribers will enjoy peace of mind while on the move through seamless access to over 64 million secure hotspots in over 160 countries – integrated through one mobile application.

Dish TV India Limited achieves ISO 27001 Certification

Dish TV India Limited, world’s largest single country DTH Company, has achieved the ISO 27001 Certification, the international standard that sets out and describes requirements and best practices for an Information Security Management System (ISMS). Dish TV India has received ISO 27001 certification for its Noida and Greater Noida facilities. ISO 27001, considered the gold standard for information security, ensures systematic examination of the organization’s security

astTECS to demonstrate leading-edge enterprise telecom solution at CommunicAsia 2018

astTECS, a leading provider of enterprise telecom technology products and Asterisk based open source communication solution has announced, that the company will be demonstrating its extended portfolio of enterprise communication solutions - astDial and astTrac along with its comprehensive suite of products at CommunicAsia 2018. Dr. Devasia Kurian, CEO, astTECS will be delivering a session on "Telecom Innovations on Cloud and Mobile" on June 27

Aircel and two other companies come under SFIO lens

The Serious Fraud Investigation Office (SFIO) is probing alleged financial irregularities at debt-laden Aircel as well as two group entities - Aircel Cellular and Dishnet Wireless, according to a senior official. The official said the Corporate Affairs Ministry has ordered a probe by the SFIO into the affairs of the three companies.

BSNL launches FTTH broadband plans to take on competition

Bharat Sanchar Nigam Ltd (BSNL) has launched its FTTH (fiber-to-the-home) broadband scheme, in an attempt to take on the "latest telecom player''s" proposed foray into fibre connected broadband service, a senior company official said. Calcutta Telephones, the Kolkata circle of BSNL unveiled two combo plans of Rs 777 and Rs 1,277 per month, offering 500 GB and 750 GB monthly data at up to 50 Mbps speeds, besides unlimited voice calls to any network.

Brightstar launches Cloud offering on Security as a Service in partnership with SonicWall

Brightstar said that it has launched its Cloud offering on Security as a Service (SeCaaS) in partnership with SonicWall. The subscription-based service provides enterprises with essential network security needs to detect and block a wide range of advanced and emerging threats, according to an official statement.

COAI mulls legal options on Jio defamation suit

A group representing the country’s major telecom operators is evaluating legal options to counter a defamation suit filed by Reliance Jio Infocomm, one of its members, against it and its director general. The Delhi High Court accepted the defamation suit against the Cellular Operators Association of India (COAI) last week.

5,000-odd mobile towers run illegally, MCG sends notices to operators

Around 5,000 mobile towers have been set up in the city without the requisite permission from the MCG. In a letter to the companies responsible for installing and running these towers last week, the planning division of the corporation gave them two weeks’ time to report to the MCG with details of their towers, and another two months’ time to get the towers regularised under the latest policy.

Vodafone lose 6.4 lakh subscribers in April

According to data provided by the Delhi-based telecom group, India’s second-largest telco Vodafone has lost 6.4 lakh subscribers in April. UK-based Vodafone India’s 664, 816 subscribers were eroded while Aditya Birla group’s Idea Cellular added 5.55 million subscribers in April this year, the Cellular Operators Association of India (COAI) Friday said.