Oct 02, 2021 04:50 PM IST
The department will now charge 2 per cent interest above the one-year marginal cost of lending rate (MCLR) of State Bank of India for delay in payment of licence fees or any other statutory dues and the interest will be compounded annually.
- Sep 22, 2021 11:00 PM IST
The issue size has been fixed as "up to 392,287,662 Rights Equity shares", Bharti Airtel said, and reiterated the rights issue price of Rs 535 per fully paid-up equity share, including face value of Rs 5 and premium of Rs 530 per equity share.
- Sep 15, 2021 06:57 PM IST
The government made a raft of structural changes to offer relief to the embattled telecom industry and announced a four-year moratorium on payment of adjusted gross revenue and spectrum dues to help companies, in particular Vodafone Idea, to manage cash flows. The moratorium comes with a Marginal Cost of Funds based Lending Rate (MCLR) + 2 percent, making it revenue-neutral for the government.
- Sep 15, 2021 05:21 PM IST
With the measures, the government is looking to boost 4G proliferation, infuse liquidity and create an enabling environment for investment in 5G networks with the new set of reform measures.
- Aug 25, 2021 05:18 PM IST
The announcement, which is pursuant to the Sebi Regulations, 2015, comes at a time when Airtel, along with rival Vodafone-Idea (Vi), is reeling under financial challenges.
- Aug 24, 2021 04:49 PM IST
A Department of Telecommunications notice, issued to Bharti Airtel on August 17, warned that failure to make payment will result in invocation of its bank guarantees.
- Aug 09, 2021 03:26 PM IST
Nearly Rs 15,900 crore of non-adjusted gross revenue (AGR) spectrum dues became payable from April 2022.
- Aug 04, 2021 04:48 PM IST
After reports confirmed that Kumar Mangalam Birla has offered to hand over his stake in Vi to a government entity, the company's shares tumbled over 16 percent.
- Mar 04, 2021 08:57 AM IST
Industry leaders Reliance Jio and Bharti Airtel enhanced their spectrum holdings, purchasing more than their renewal requirements
- Dec 16, 2020 08:16 PM IST
Under the provisions of this directive, the government will declare a list of trusted sources and trusted products for installation in the country's telecom network.
- Apr 14, 2020 06:23 PM IST
Due to lockdown restrictions in place, there has been a massive rise in OTT consumption, thus fuelling the demand for internet data.
- Mar 03, 2020 03:11 PM IST
The payment is for the spectrum that the company bought in the previous auction.
- Feb 14, 2020 03:10 PM IST
"There is no question that this is bad news for the telecom industry. It makes situation of Vodafone Idea particularly vulnerable, even more than it was," Mahesh Uppal, director at consulting firm Com First India said.
- Nov 28, 2019 01:55 PM IST
Vodafone Idea Ltd, India's biggest carrier by user numbers, is widely regarded as most on the ropes, with parent Vodafone Group calling the situation "critical" after the unit was saddled with about $3.9 billion in fresh payments due.
- Nov 21, 2019 07:04 PM IST
Moneycontrol's Sakshi Batra does a 3-Point Analysis to decode the implications of the tariff hike recently announced by telecom service providers. She also lists stocks that investors can look at in the sector.
- Nov 16, 2019 10:01 AM IST
What should be the way ahead for telecom stocks -- should you hold, buy more or sell on rallies? To discuss all this and more, Kshitij Anand of Moneycontrol spoke to Shailendra Kumar, CIO at Narnolia Investment Advisors Ltd.
- Oct 17, 2019 01:45 PM IST
The law and telecom minister acknowledged that there are problems in the telecom sector, which are being looked upon by the government.
- Dec 06, 2018 02:22 PM IST
Sundararajan said that USD 100 billion dollar sectoral investment enshrined in the national digital communications policy is not an over-estimate and may well turn out to be less-than-adequate in the wake of new age technologies and advent of 5G.
- Oct 25, 2018 12:55 PM IST
Speaking at the inaugural session of India Mobile Congress 2018, Mittal said the National Digital Communications Policy (NDCP), like the previous telecom policy, clearly acknowledges that revenue maximisation is not the objective.
- Apr 22, 2018 10:52 AM IST
The comments by the sector regulator assume significance as issues around data protection have come under the spotlight, and privacy concerns have amplified in the wake of the recent Facebook data leak fiasco.
- Mar 25, 2018 02:24 PM IST
"There are 4 million people employed in the telecom sector and by the end of five years, 14.3 million people will be employed in telecom as well as telecom manufacturing," Telecom Sector Skill Council (TSSC) CEO S P Kochhar told PTI in an interview.
- Mar 23, 2018 03:25 PM IST
Speaking at the annual conference of International Competition Network, Sinha cited a slew of pro-competition measures initiated by the government across various sectors to underscore its positive impact on the overall economy and global rankings in ease of doing business.
- Jun 29, 2017 04:12 PM IST
Competitive intensity could drive down industry’s revenues to Rs 2.4 lakh crore in FY18 from Rs 2.56 lakh crore in FY17.
- Jun 14, 2017 10:34 PM IST
The IMG group is meeting operators and lenders to discuss financial difficulties faced by the telecom industry, whose debt burden stands at a whopping Rs 4.6 lakh crore.
- Jun 09, 2017 02:25 PM IST
RBI recently asked banks to immediately review their exposure to the telecom sector, which has total debt of about Rs 4.6 lakh crore, and make higher provisions to firewall their business against any future stress.