BUSINESS
Dixon targeting upto Rs 5,000 crore from laptop, notebook manufacturing; eyes 3X revenue growth in telecom biz: MD
The company is currently setting up its plant in Chennai for IT hardware products, including laptops and notebooks, with a capacity of 1.2 million. It plans to expand the capacity to up to 3.5 million over time.
BUSINESS
Telecom operators urge govt to eliminate AGR-related license fee
The COAI proposal comes after the Supreme Court dismissed telecom companies' review petition regarding AGR calculation corrections. AGR represents revenue from core services like mobile and internet.
BUSINESS
Apple plans to hire 400 people for new retail stores in Bengaluru, Pune, Delhi-NCR and Mumbai
The company has listed several job openings on its website, aiming to fill up various positions before the outlets are launched next year
BUSINESS
Vodafone Idea 4G, 5G rollout to drive near to medium-term growth: Indus Towers CEO Sah
For the September quarter, Indus Tower reported a 71 percent YoY growth in net profit at Rs 2,223.5 crore on sustained demand for network expansion
BUSINESS
MC Interview | Network expansion by Vodafone Idea, other telcos to revive growth for us: Nokia India head
In an interaction with Moneycontrol, India's head Tarun Chhabra said telcos have started expanding their 4G and 5G networks due to rising data traffic and to cover the remaining 5-6 percent population, especially in rural parts of the country
BUSINESS
BSNL will not hike tariffs in near future; private 5G a big focus area, says CMD
Ravi said BSNL has already started offering 4G services in test mode, focusing on ensuring customer satisfaction. A full-fledged commercial launch is expected this calendar year.
COMPANIES
BSNL rolls out new logo ahead of 4G launch, brings spam free network
BSNL has also rolled out a national Wi-Fi roaming service for its FTTH customers, providing high-speed internet access at BSNL hotspots at no extra cost, helping users reduce their data expenses
BUSINESS
HFCL Q2 profit rises 4.5% to Rs 73 crore
The company has started receiving global enquiries for optic fiber cables, indicating early signs of recovery in the coming quarters
BUSINESS
Sterlite Technologies bets on US, European markets as fibre demand looks set to revive
Ankit Agarwal, managing director of STL, also downplayed the impact of the European Commission’s decision to impose anti-dumping duties on Indian optical fiber cable (OFC) manufacturers
BUSINESS
Elon Musk's Starlink, Amazon Kuiper bat for 'predictable policy', low spectrum price for satcom services
Without affordable pricing, it will be difficult to serve remote regions, where terrestrial networks are unavailable, the companies have said
BUSINESS
Tata Comm to launch Nvidia AI Cloud trials soon, works on enterprise deals: MD
With the AI Cloud, Tata Communications will also consider fetching customers from overseas markets in addition to its core audience in the domestic market.
BUSINESS
Red Sea cable cuts impacted profit in Q2; working on asset monetisation to reduce debt: Tata Communications MD
AS Lakshminarayanan, MD and CEO, said the company has kicked off asset monetisation process and reviewing its subsidiaries to achieve long-term profitability growth
BUSINESS
Vodafone Idea rips Huawei, ZTE from core; Samsung, Ericsson to replace Chinese 4G gear in metros
The debt-laden telecom operator recently onboarded Samsung to replace 4G deployment by Huawei and ZTE as part of its three-year capex plan
BUSINESS
Vodafone Idea aggressive in executing 4G expansion to stop customer churn; commercial 5G rollout by March: CTO Jagbir Singh
In an interview with Moneycontrol, the company’s Chief Technology Officer, Jagbir Singh, shared that the 4G expansion, under new agreements with Nokia, Ericsson, and Samsung, is set to begin soon.
BUSINESS
Ericsson expects growth to return in India as private telcos kickstart 4G, 5G network expansion: Andres Vicente
Ericsson has been reporting a steep decline since the last quarter of the 2023 calendar year due to lower 5G spending. India’s revenue contribution towards the company’s overall revenue fell to 5 percent in the July-September quarter from 13 percent a year ago.
BUSINESS
Nokia, Ericsson and Samsung set to win fresh 4G, 5G deals worth over $2 billion from Airtel
Airtel’s latest renewal came weeks after Vodafone Idea signed $3.6 billion equipment deals with all three equipment vendors to expand its 4G network and gradually roll out 5G services.
BUSINESS
HFCL aims to boost export revenue from fibre optics, targets North American market
HFCL is zeroing in on defence and aerospace sectors to drive the next growth phase. It is in advanced discussions with companies in several countries to export defence products
BUSINESS
Vodafone Idea to finalise IT outsourcing deals this month, adds vendors to depend less on IBM
Vodafone Idea has chosen to involve more vendors to decrease overall operating costs and to work with specialised firms in specific areas, rather than renewing the entire deal with IBM
BUSINESS
Reliance Jio becomes world’s fastest-growing 5G FWA provider; targets 1 mn user additions a month
The company added 2.8 million subscribers, nearly doubling its Air Fiber user base in the September quarter
BUSINESS
Reliance Jio seeks Scindia’s help in Trai satcom consultation to secure a level-playing field
In its October 10 letter, Jio expressed “significant concerns” over Trai's latest consultation paper on the spectrum assignment for certain satellite-based services
BUSINESS
Trial satcom broadband services soon as DoT provisionally allocates satellite spectrum to eligible players for six months
The notification comes amidst an ongoing tussle between Reliance Jio and other satellite communication (satcom) players
BUSINESS
Explainer: Why Reliance Jio has asked the telecom regulator to revise its consultation paper on satellite spectrum
TRAI's upcoming recommendations on spectrum pricing and allocation methodology will pave the way for satellite-based broadband services from companies like Elon Musk's Starlink, Bharti Group-backed OneWeb, Amazon’s Project Kuiper and Orbit Connect India, a joint venture between Jio Platforms and Luxembourg-based SES.
BUSINESS
PHDCCI urges TRAI to issue revised consultation paper on satellite spectrum
The industry body says the consultation paper fails to ensure a level playing field with terrestrial networks and may even lead to litigation
BUSINESS
35 million smartphones likely to be sold this festival season
In the first wave of the festival period (Sept 26 to Oct 7), 13 million units were sold, 3% lower than the previous year, but value was up 8%, crossing $3.2 billion for the first time
