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.
In terms of 5G monetisation, Jio seems to be making progress with its Fixed Wireless Access (FWA) broadband service, JioAirFiber, across the country
Naidu, who is widely credited with ushering the IT revolution in the state in the late 1990s, is expected to make a similar push for the budding electronics industry
As per the DRI nitifcaion, input components attached to display assembly of a mobile phone now attract a combined import duty of 10%, clearing the ambiguity surrounding duty calculations for over four years now.
ICEA, which represents Apple, Foxconn, Dixon, Xiaomi, Oppo, Vivo and other mobile handset makers and electronics manufacturers, said that the focus of the new government should be to build Indian Champion companies
With top Android brands like Samsung, Xiaomi, Realme, Motorola and Transsion-Ismartu brands like Techno, iTel, and Infinix, Dixon is targeting to corner 40-45 percent of the total EMS outsourcing opportunity in India.
DIPA’s director general Tilak Raj Dua said that a robust telecom infra, including 5G implementation, is essential to enable ubiquitous connectivity and connect the unconnected.
ACT Fibernet will integrate Aprecomm’s advanced technology into its Wi-Fi products roadmap. This will provide real-time network visibility into Wi-Fi performance and enable rapid, proactive resolution of last-mile connectivity challenges.
The telco claimed that it is the only telecom operator to offer a Netflix Basic proposition at an attractive price point of less than Rs 1000 bundled with a prepaid plan.