Private space companies want tax holidays and reasonable spectrum usage charge from Budget
Budget 2024:Private space companies have asked the Indian government to impose reasonable Spectrum Usage Charges as a percentage of Adjusted Gross Revenue.The Indian Space Association has also proposed allowing a 25 percent depreciation on the one-time license fee for satellite operators.
Telecom operators seek tax reforms, duty relief in 5G equipment
In their recommendations to the Ministry of Finance, telecom companies such as Reliance Jio, Bharti Airtel, and Vodafone Idea have highlighted the need to abolish regulatory levies like the Universal Service Obligation Fund (USOF) and Adjusted Gross Revenue (AGR). Additionally, they propose reducing the License Fee from 3 percent to 1 percent to alleviate the financial burden on the industry.
India features among world’s fastest-growing 5G networks: Eco Survey
The Economic Survey 2023-24 added that the total number of mobile towers in the country was 8.02 lakh as of June 2024, while the number of Base Transceiver Stations (BTSs) stood at 29.37 lakh, and 5G BTSs were 4.5 lakh.
Telecom tower companies want Budget to extend input tax credit to infra
The Digital Infrastructure Providers Association (DIPA) also wants industrial electricity tariffs for telecommunication infrastructure across states
Jio Platforms Q1 profit increases 12% to Rs 5,698 crore
Jio Platforms continued to build its market leadership with 33 percent increase in data traffic; 5G accounts for over 31 percent of Jio's wireless data traffic.
Tata Communications to continue making organic investments this fiscal, AI Cloud launch with Nvidia in Q3: AS Lakshminarayanan, MD
The full launch of AI Cloud with NVIDIA will be ready by Q3, he said, adding that the company will spend $250-$300 million this year on capacity expansion and organic product development. Any further investment will depend on inorganic opportunities that may come up, he said.
BSNL will have to meet daily 4G rollout targets; India to lead the world in 6G, says Scindia
All rules of new telecom law, which came into being last year, will be notified in 180 days, the telecom minister has said
Tata Communications Q1 net profit falls 13% to Rs 333 crore, revenue up 18%
Analysts expected Tata Communications' revenue to grow ~1% quarter-on-quarter, largely led by a 2.5% growth in the Data segment. They expected PAT to decline 39% QoQ to Rs 2.3 billion, due to lower Other income.
Nokia India Q2 net sales down 68% on lower 5G investments by top telcos
Nokia is in talks to secure fresh 4G and 5G equipment orders from Vodafone Idea
Indus Towers expects growth as Airtel, Vodafone Idea expand: Analysts
Vodafone Idea is expected to roll out over 60,000 tenancies in the next few quarters, a lucrative opportunity for the Indian tower industry
DoT directs suspension 24,229 mobile connections linked to 42 fraudulent IMEIs
One of the 42 IMEIs was found to be used by 4,146 mobile connections.
Telecom minister Scindia to meet private telcos on July 16 to discuss industry growth roadmap, reforms
Top executives of three major private telcos, Bharti Airtel CEO Gopal Vittal, Vodafone Idea CEO Akshaya Moondra and Jio Chairman Akash Ambani, are expected to participate in the discussions in Tuesday's meeting.
Vodafone Idea seeks waiver of Rs 24,700-cr bank guarantee from DoT: Report
The company has cited relief based on the spectrum auction rules of 2022 and 2024 in which the requirement for providing bank guarantees for the annual instalments has been removed
Airtel, Jio to record 10-11% topline growth, Vodafone Idea revenue to drop in Q1
For Airtel, the growth will be on the back of premiumisation-led ARPU growth while the growth for Jio will come on the back of strong subscriber addition
Budget 2024: Telcos dial Fin Min seeking tax reforms, duty relief in 5G gears
On exemption of customs duty, the COAI has requested exemptions on customs duties for certain telecom equipment to alleviate the cost challenges associated with deploying this critical infrastructure
Bharti Airtel denies data breach, report said 375 million users' details up for sale
Unverified reports had suggested that details of 375 million Airtel customers were allegedly available for sale on the dark web, an allegation that the company has dismissed.
Jio tops with AGR at Rs 25,331 cr, Airtel sees steepest growth; govt's fee collection rises 10% in Jan-Mar: PTI reports
Overall, telecom service providers' gross revenue grew by 3.01 per cent on a year-over-year basis to Rs 87,926 crore and adjusted gross revenue grew by 9.25 per cent in the March 2024 quarter.
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
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.
After Airtel, Jio, Vodafone Idea hikes tariffs across postpaid, prepaid plans from July 4
Vi said it is planning significant investments over the next few quarters to further enhance the 4G experience as well as launch of 5G services
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.
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.
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.
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
