COLPAL has retraced marginal from its record high and found support near to medium term moving average on daily chart. Also, it has formed a fresh buying pivot and looks all set for fresh surge ahead. Traders are advised to initiate fresh longs in the given range.
Indian telecom companies are seeking mergers and acquisitions to beat tough competition.
Although it's a remote possibility, even an open offer happens, there is limited upside for investors.
"The number of telephone subscribers in India increased from 1,194.58 million at the end of March 2017 to 1,198.89 million at the end of April 2017, thereby showing a monthly growth rate of 0.36 per cent," Trai said in its monthly subscriber report.
Justice Sanjeev Sachdeva also issued notice to the Telecom Regulatory Authority of India (TRAI) and sought its reply to Vodafone's plea alleging that despite the DoT asking it to reconsider its recommendation, it did not do so.
CNBC-TV18's Mangalam Maloo lists out stocks that you should focus on.
Average download speed on Reliance Jio network peaked on April 1 to 18.48 mbps from 16.48 mbps it registered a month ago, as per the data of Telecom Regulatory Authority of India (Trai).
"No, we have not written to them (Department of Telecom) yet. But we will be writing soon... We will be responding certainly this month. It will happen very quickly," Trai Chairman RS Sharma told PTI.
According to quality of service norms, the complaint level should not be more than 0.1 per cent per 100 bills issued in one quarter.
Billionaire Mukesh Ambani's Reliance Jio, on March 31, announced it had notched an unprecedented 72 million paid subscribers, and extended by a fortnight its deadline for migrating other subscribers to its paid offer.
Big Deal, this week, focuses on the largest transaction that the Indian telecom space has seen. Vodafone and Idea joined hands to create India’s largest telecom company. It was first reported in August last year 2016.
Analysts believe Infratel will add 16,000 towers annually even after the Vodafone-Idea deal.
Jio has offered a cashback of Rs 50 on applying for a Prime membership paid for via its Jio Money wallet. Another Rs 50 cashback can be availed on a recharge of Rs 303 right after opting for the membership.
Dark clouds of job cuts loom over the telecom sector. The risk running with mergers is that as many as 10,000 employees may lose their jobs over the next year.
In an interview to CNBC-TV18, Bhavesh Gandhi, Research Analyst at IIFL shared his readings and outlook on Idea Cellular.
We are giving a buy call on Kopran which is also looking quite good because of their research space and the kind of good financial performance the company has been posting, says SP Tulsian.
Nilesh Shah expects DIIs to be net buyers of Rs 75,000 crore to Rs 1 lakh crore in calendar year 2017. He does not have a direct exposure to telecom due to pricing war which is going on.
Idea Cellular on Monday announced that its board has approved the merger of Vodafone India and its wholly-owned subsidiary Vodafone Mobile Services Limited with itself in the process creating the country's largest telecom entity.
Two independent sources with direct knowledge have said that promoters of the Aditya Birla Group are very keen that the pricing of the deal and the Idea price for valuations of the merger should be above Rs 134 price of last QIP done in 2014.
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Sources have told CNBC-TV18 that marquee investors in Vodafone Plc feel that the company should have an active role in the combined entity and not exit a growth market like India.
Regulator TRAI today said it will be "happy" to give its recommendations to the government on spectrum auctions, including timing and pricing aspects, as and when the matter is referred to it.
Most regulators still live in "analogue world", India's telecom tycoon Sunil Bharti Mittal said on Monday, nudging them to allow consolidation.
The new entrant in the telecom sector, Reliance Jio, said the two orders of TRAI have been challenged by Idea and Airtel before the Telecom Disputes Settlement Appellate Tribunal (TDSAT).
Lesser players with more spectrum and enough towers will help improve quality of services, said TV Ramachandran, President of Broadband India Forum. Consolidation will lead to both power and cost efficiency.