Telecommunications

Let's catch up on the latest news from the stock market. From significant investments to major deals, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:

FIIs cut back on financials services, FMCG, IT shares in second half of April

The telecommunications sector witnessed substantial buying activity, amounting to Rs 6,619 crore. Capital goods and services also attracted buying, with around Rs 2,408 crore and Rs 1,764 crore invested, respectively.

Ericsson and DoT collaborate to offer accredited courses on 5G

Ericsson and Department of Telecommunications (DoT) collaborate to offer accredited courses on 5G for DoT’s initiative on 100 5G use case labs.

Brookfield weighing stake sale in Indian tower business, sources say

The Canadian investment firm is working with an adviser to sell a stake of more than 10% in the infrastructure investment trust that holds Summit DigiTel

Reliance Jio subsidiary Radisys acquires Mimosa Networks for $60 million

Jio will use Mimosa's network solutions for deploying "cost-effective" fixed and mobile broadband networks

Jio, Airtel set to triple data capacity, says IIFL Securities

The report suggests that the combined data capacity of Jio and Airtel will reach 1400PB/day by March 2024

5G launch in India to scale up tech; to help other developing economies: Qualcomm CEO

Qualcomm President and CEO Cristiano Amon said the launch of 5G technology in India will also help bring 5G devices across all different price points.

RailTel gets Dun & Bradstreet Award 2022 in Telecommunication & IT category

The award was given to acknowledge RailTel’s contribution in telecommunication and IT, along with the company's service delivery standards

Ideas For Profit | Bharti Airtel: Factors that could drive up to 14% upside on current stock price

A growing subscriber base, coupled with tariff hikes, helped Bharti Airtel post significant growth in revenue and operating margins during Q3FY22. The secular trend in internet penetration is almost certain to persist and Airtel, with its huge subscriber base, appears to be in a prime position to profit from it. Here's why MC Pro believes the stock can gain up to 14% from current levels

WhatsApp working to enable end-to-end encryption for local backups

After testing encrypted cloud backups, WhatsApp is working to enable encryption for local backups as well

Postpaid mobile phone services restored in Kashmir

Restrictions on these telecommunication services were imposed after the Centre, on August 5, abrogated Article 370 that gave special status to Jammu and Kashmir

Bharti Infratel Q2 PAT may dip 0.7% QoQ to Rs. 659 cr: ICICI Securities

Net Sales are expected to increase by 3.1 percent Q-o-Q (up 9.8 percent Y-o-Y) to Rs. 1642.8 crore, according to ICICI Securities.

Tata Communication Q2 PAT seen up to Rs. 43.1 cr: ICICI Securities

Net Sales are expected to increase by 1.2 percent Q-o-Q (down 3.2 percent Y-o-Y) to Rs. 4362.6 crore, according to ICICI Securities.

Idea Cellular Q2 PAT seen down to Rs. 1116.8 cr: ICICI Securities

Net Sales are expected to decrease by 6 percent Q-o-Q (down 17.5 percent Y-o-Y) to Rs. 7670.4 crore, according to ICICI Securities.

Saudi Telecom to form $500 mn venture capital fund

As part of a wideranging economic diversification plan launched last year, Saudi Arabia is trying to promote small and medium enterprises, and to expand its investment and industrial base as well as develop the digital infrastructure to support such growth.

TMT-focused investment bank Raine plans India expansion

The merchant bank - which focuses on technology, media and telecommunications - has hired former UBS banker Gaurav Mehta to head its India business as managing director, it said in a statement.

Essar sells BPO company Aegis for $275-300 mn

Essar had in July 2014 sold Aegis USA Inc, an outsourcing and technology company with operations in the US, the Philippines and Costa Rica, to Teleperformance of Paris for USD 610 million.

Bharti Airtel slashes prepaid tariffs

For Rs 345 (USD 5.12), Bharti Airtel will allow users to make unlimited calls to any network and consume 1 GB 4G data for 28 days, the carrier said in a statement. Under a separate plan of Rs 145, users will get 300 MB of 4G data and unlimited calls within Airtel network for 28 days, it said.

Indian insurers to spend Rs 15,000 cr on IT in 2017: Report

The forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications.

AT&T-Time Warner deal sparks calls for scrutiny in Washington

The biggest deal of the year, announced just over two weeks before the Nov. 8 US election, is a gamble on a victory for Democratic presidential candidate Hillary Clinton and a continuation of the status quo on anti-trust and regulatory enforcement.

Saudi Arabia, SoftBank plan mega $100bn tech fund

The plan is part of a series of dramatic business initiatives launched by Riyadh this year as Saudi Arabia, its economy hurt by low oil prices, deploys huge financial reserves in an effort to move into non-oil industries.

Quality of service will improve further, says telecom minister

After the conclusion of the largest ever spectrum auctions, Rs 32,000 crore is what the government is getting as the upfront money.

China begins 5G telecom trial runs to get head start: Report

High-speed 5G networks can theoretically transmit data 20 times faster than current 4G speed, with less than one tenth of the latency, or the time for a data request to receive a reply.

Telefonica sells China Unicom stake for 322 million euros

The former state monopoly, which has been selling stakes in non-core assets, sold 361.8 million shares in China Unicom at 7.80 Hong Kong dollars per share, Telefonica said in a statement. The operation leaves it in possession of about one percent of China Unicom, it added.

Salary hike of 11-13% is all you can hope for in FY17

Fancy a foreign holiday this year? A new car? A diamond set? Don't count on it this year. According to Staffing Services firm TeamLease, salary hikes this year may not be something to write home about.