BUSINESS
Top electronics body urges govt to reduce input tariffs to attract GVCs, seeks Rs 45,000-cr sops
High tariffs on inputs reduce exports because they make products uncompetitive, leading to lower production of the final product, such as mobile phones. Addressing this requires a reduction in tariffs on inputs, ICEA Chairman Pankaj Mohindroo said.
BUSINESS
Singtel plans another stake sale round in Airtel via block deals: Sources
The next round could see the telco, owned by Singapore's sovereign wealth fund, sell shares worth Rs 20,000 crore in one or more block deals
BUSINESS
Vodafone Idea looks vulnerable as tariff hike may send 2G users to Jio 4G plans, say analysts
Jio's decision to keep tariffs unchanged for its 4G feature phone users under JioBharat and JioPhone plans could gradually increase its subscriber market share, potentially at the expense of Vodafone Idea's 2G subscribers. Analysts believe Vodafone Idea will struggle to retain its 2G subscribers.
BUSINESS
Airtel, Jio to see 16-18% ARPU benefit from tariff hikes, Vodafone Idea may gain most: Analysts
Vodafone Idea, which is yet to announce tariff hikes, is expected to be the biggest beneficiary, analysts said. The tariff hike came in line with analysts’ expectations of a 20-25 percent tariff hike post-elections and spectrum auctions.
BUSINESS
Higher spending by Vodafone Idea in spectrum auction may stop customer churn: Analysts
Indian telecom operators' selective bidding in the recently concluded spectrum auctions suggests that they plan to fully monetise their current investments before committing new capital expenditure, say analysts.
BUSINESS
Interview: OneWeb, Jio-SES, Starlink, Amazon Kuiper to meet India's SATCOM needs, says Pawan Goenka of In-SPACe
Most companies with a GSO communication satellite globally are interested in obtaining authorisation to launch services in India, Goenka said.
BUSINESS
Airtel, Vodafone Idea to follow Jio in raising telecom tariffs
Both companies have advocated tariff increases for some time, having long advocated tariff increases as essential for sustainable growth
BUSINESS
Auction results above expectations; 5G spectrum demand to rise, say officials
The auction got a muted response, as only 1.34 percent of the available spectrum was purchased. Out of the 10,523 MHz up for sale, telcos acquired 141 MHz
TELECOM
India’s 5G subscriptions to reach 840 mn by 2029, says Ericsson study
India has made large-scale mid-band deployments, covering over 90 percent of the population by the end of 2023 with 5G penetration reaching 10 percent.
BUSINESS
Vodafone Idea in active talks with Samsung for 4G/5G deployment
Samsung’s vRAN solution will enable Vi to bring flexibility, scalability and resource efficiency to network management.
BUSINESS
5G spectrum auction: Telcos place bids worth around Rs 11,000 crore on day 1
Telecom companies have shown interest in 800, MHz, 900 MHz, 1800 MHz, 2100 MHz, 2500 MHz and 26 Ghz bands on the first day
TELECOM
Spectrum auction to catalyse rapid rollout of 5G services, says COAI
Reliance Jio, Bharti Airtel and Vodafone Idea began submitting bids on June 25 for the latest round of the 5G spectrum auction. The government is selling airwaves worth Rs 96,317.65 crore
BUSINESS
Xiaomi in talks with component makers to boost local sourcing ahead of incentive scheme
Muralikrishnan said that the Indian smartphone industry is expected to witness over 10% revenue growth in the 2024 calendar year, citing positive growth trends in the market.
BUSINESS
5G spectrum auction begins: All you need to know
The government aims to raise approximately Rs 10,000 crore from the auction, though brokerage reports estimate it could be between Rs 4,000 crore and Rs 16,600 crore. In the 2022 auction, the government achieved a record Rs 1.5 lakh crore.
TELECOM
Bharat 6G Alliance forms key strategic European partnerships to drive innovation
Last year, the Bharat 6G Vision manifesto was unveiled, setting the goal for India to become a leading provider of advanced telecom technologies, aligning with the Viksit Bharat objectives.
BUSINESS
Realme aims to increase premium smartphone market share in India
With its latest smartphone, the company has also marked its entry into the Artificial Intelligence-powered device category in India and globally. It has also officially introduced its NextAi technology, powering the latest Realme GT 6.
BUSINESS
Vodafone's potential Indus stake sale could speed up repayments to tower company: JPMorgan
JPMorgan said that an equity infusion in Indus Towers to clear off past dues could result in a special dividend of Rs15/share in FY25, given that the tower company hasn't paid dividends over the last two years due to elevated capex and receivable issues from Idea.
TELECOM
Vodafone Idea may focus on rural, semi-urban 4G to raise revenue market share, bets on vendors
The telco's priority will be on 4G coverage followed by capacity enhancement with the target of closing the population coverage gap (20%) with peers on 4G within 17 priority circles.
BUSINESS
100-Day Agenda: Kaynes Semicon, others to get nod for ATMPs, OSATs; govt to roll out GPU tender soon
The Ministry has so far received seven applications for setting up semiconductor Fabs in India, three applications for setting up Display Fabs in India, and sixteen applications for setting up compound and ATMP facilities in India, as per the monthly achievement document for the April month by the MeitY
TELECOM
Mobile users won't be charged for holding multiple SIMs: TRAI refutes reports
TRAI on June 6 invited industry views on whether financial disincentives must be slapped on telcos if allocated telecommunications identifier (TI) resources remained unused beyond a certain timeframe.
TECHNOLOGY
Tata Group eyes majority stake in Vivo India unit; Bhagwati takes over Greater Noida factory
The Indian government wants the Indian partner to have a stake of at least 51% in a potential joint venture with a Chinese handset company. It also wants the joint venture to have local leadership and local distribution.
TELECOM
Indian telcos urge TRAI to lower spectrum prices ahead of 5G spectrum auction
Despite making huge investments for the 4G/5G rollout, S.P. Kochhar, Director General COAI, said that Indian telcos are still among those with the lowest ARPU in the world.
BUSINESS
100-Day Agenda: Rs 30,000-cr electronic component scheme with capital subsidy likely in Aug-Sept
The bulk of the expenditure will be towards capital subsidies for land acquisition to set up factories in some component categories where the capital investment to output ratio is not high
BUSINESS
Vodafone Idea gets in-principle approval for Rs 14,000-crore loan from SBI-led consortium: Sources
The proceeds will be used to repay operational creditors, roll out a 5G network, and bid for additional spectrum, sources said. The telco is aggressively pursuing its larger objective of raising Rs 25,000 crore after the successful Rs 18,000-crore FPO
