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.
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
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.
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
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.
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.
Most companies with a GSO communication satellite globally are interested in obtaining authorisation to launch services in India, Goenka said.
Both companies have advocated tariff increases for some time, having long advocated tariff increases as essential for sustainable growth
The new tariff plans start from Rs 189 for 2 GB per month and will be available to customers from July 3
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
The total cost for this spectrum acquisition stands at Rs 973.63 crore, Jio said.
Bharti Airtel acquired spectrum worth Rs 6,857 crore while Reliance Jio and Vodafone Idea bought spectrum worth Rs 973.62 crore and Rs 3,510.4 crore, respectively.
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.
Telecom companies have shown interest in 800, MHz, 900 MHz, 1800 MHz, 2100 MHz, 2500 MHz and 26 Ghz bands on the first day
The British telecom company's plan to invest in Vodafone Idea follows the Indian telco's successful Rs 18,000-crore follow-on public offering in April
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
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.
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.
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.
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.
The move is part of Vodafone Idea's efforts to raise the capital required to compete with larger rivals Reliance Jio and Airtel who have already launched 5G services across the country
In light of the sharp rise in spam and fraudulent calls in recent years, the CNAP (Calling Name Presentation) is being considered as a potential solution.
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.
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.
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.