The Congress Monday questioned the Gujarat government''s choice of private telecom company for services for official numbers, saying it paid Rs 2.4 crore more to a private player when the same services were available at a cheaper rate from state-run BSNL. Speaking to reporters here, Congress national spokesperson Shaktisinh Gohil sought to know if the government would recover this "additional" sum from the private mobile company.
Union information and broadcasting ministry secretary Amit Khare has said that lack of regulation on Telecom Service Providers (TSPs) entering broadcast media was a valid concern, and indicated thinking on measures to prevent such monopolies and in distribution.
Speaking here on Thursday at a seminar organised by the Union industry ministry and the World Intellectual Property Organization, he said:
State-run telecom firm MTNL Wednesday reported widening of its loss to Rs 859 crore on standalone basis in the quarter ended September 30, 2018, mainly on account of increase in finance cost and decline in sales. The debt-ridden firm had posted a loss of Rs 730.64 crore in the same period a year ago.
The finance cost of the company during the period under review increased to Rs 422.72 crore from Rs 366.22 crore.
Vodafone Idea posted a loss of Rs 4950.7 crore for the September end quarter, in its first results since being formed, hurt by the continuing price war and higher costs, and unveiled plans to raise Rs25,000 crore through equity and more by selling its fibre assets to take on competition from Reliance Jio and Bharti Airtel.
The mobile phone operator, which was born out of the merger of Vodafone India and Idea Cellular,
Mukesh Ambani, chairman of RIL has committed to invest Rs 3000 crore in the state of Odisha, which is in addition to the Rs 6000 crore already invested previously.
The company will invest this sum over a period of three years in various businesses in Odisha, however most of the investments will be focused towards creating Jio network.
Homegrown fibre manufacturer Sterlite Tech, a Vedanta Resources company has entered into telecom network market to provide integrated services to telcos, and is currently doing a Proof of Concept (PoC) for its newly-unveiled fibre to the last mile solution with Reliance Jio.
“We are looking beyond fibre. We now design end-to-end network solutions for fibre-to-the-home, fibre-to-the-enterprise, and fibre-to-the-small cells,”
Mukesh Ambani-driven telecom operator Reliance Jio has added 13.1 million mobile subscribers in September where other telecom operators Bharti Airtel, Vodafone, Idea lost 2.3 million, 2.6 million and 4 million mobile subscribers respectively.
According to telecom industry body COAI’s data, Airtel, Vodafone Idea combined lost over 9 million subscribers in the month.
Tech giant Apple''s India unit registered 140 per cent jump in its net profit at Rs 896.3 crore for the fiscal ended March 2018, as per regulatory documents filed by the company. The iPhone maker, which competes with the likes of OnePlus and Samsung in the premium smartphone category in India, had registered net profit of Rs 373.3 crore in 2016-17, the documents filed with the Corporate Affairs Ministry showed.
Realme, the smartphone brand that specializes in providing high quality products for the youth, has entered into an exclusive partnership with Reliance Digital, India’s No 1 and fastest growing consumer electronics chain for offline sales of their products. This initiative is a part of the brand’s commitment towards ‘Realme for every Indian’, bringing products packed with power and style closer to consumers.
Tata Teleservices (Maharashtra) said its loss narrowed to Rs 383.06 crore in the quarter ended September from Rs 8,194.67 crore a year earlier when it took an impairment charge on its consumer mobile business assets. The impairment loss had been disclosed as an exceptional item.
The telecom arm of the Tata Group said Tuesday there had been a change of such impairment charge due to “adjustments in the ordinary course of business”
Indian telecom operators have lauded TDSAT’s judgement on EMF testing fee stating that only Rs 4000 will be charged by DoT for EMF testing of a mobile tower irrespective of the number of BTSs installed on the site.
Rajan S Mathews, DG, COAI said “We welcome the judgment by the TDSAT on EMF testing fee which we believe, was an equitable prayer from the industry. The judgement is a welcome relief for the telecom operators in the long run.
The Indian unit of Apple more than doubled its profit in the year ended March 2018, but sales grew at a slower pace which analysts attributed to weakened demand for iPhone models after their prices went up in January due higher import duties, and Chinese aggression in the premium smartphone segment.
Apple posted a 12% increase in total income to Rs 13,097.64 crore in India in the last fiscal year, compared with Rs 11,704.32 crore the previous year,
Nokia said that GTPL, a cable TV and broadband service provider will deploy its fixed access and core technology to upgrade and modernize its network.
Nokia’s solutions will replace GTPL’s legacy Ethernet-based access network with fiber capable of supporting ultra-broadband speeds that provide a faster internet experience to subscribers.
Domestic telecom gear maker HFCL has bagged Rs 366 crore contract from state-run telecom firm BSNL for rolling out and maintaining broadband network under the Bharat Net project. Himachal Futuristic Communications Limited (HFCL) has received an "advance purchase order worth Rs 366.36 crore from Bharat Sanchar Nigam Limited," HFCL said in a filing.
The Supreme Court has given Reliance Communications (RCom) time till December 15 to pay Swedish telecom equipment maker Ericsson its dues of Rs 550 crore, bringing relief to the Anil Ambani-owned telco.
"The bench told RCom that keeping in mind the difficulties they were facing in their asset sale, an extension till December 15 will be given but the operator will have to pay Ericsson by then," said senior counsel member Anil Kher,
Sterlite Tech which recently bagged Rs 3500 crore worth Indian Navy deal has given an order of Rs 111 crore to Tejas Networks for the country wide digital communications project.
As a part of this order, Tejas Networks will supply its terabit capacity DWDM systems and Layer-3 multi gigabit ethernet switches, the company said in a release on Monday.
Reliance Industries Wednesday said it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore.
It will acquire 66% stake in Den Networks through an investment of Rs. 2,045 crore, and will acquire 51.3% stake in Hathway Cable and Datacom Limited through a primary investment of Rs. 2,940 crore.
Finnish telecom gear maker Nokia said that it is working with BSNL to implement the next level of industrial automation, leveraging 4G LTE technology to enable greater operational efficiency at Nokia’s Chennai plant.
Sanjay Malik, Vice President and head of the India Market at Nokia, said: “Our collaboration with BSNL will enable us to leverage the latest technology advancements and continue in our efforts to build the increasingly digitized and connected factory of the future.
The telecom sector is likely to experience three more quarters of losses, hurt by high levies and "unsustainable tariffs", a top official of industry body COAI has said. "Under the current scenario, I see at least another three plus quarters of losses. Why? Because personally, I do not think the present tariffs are sustainable for long term health of the industry...," COAI Director General, Rajan Mathews told.
Xiaomi plans to foray into consumer finance and business-to-business lending by floating a non-banking financial company (NBFC), the Chinese smartphone and electronics major has said in its latest regulatory disclosure. The new company, Xiaomi Financial Services India, will soon seek the Reserve Bank of India’s approval to operate as an NBFC.