At present, the Telecom Regulatory Authority of India (Trai) has capped the price of a USSD session at 50 paise where each session can be completed in eight stages.
As the deadline for building networks using only Russian equipment approaches, Nokia and Russia's YADRO plan to set up a joint venture to build 4G and 5G telecom base stations in the country.
Bharti Airtel has taken the lead in raising mobile tariffs. Keeping long-term business sustainability in mind, Airtel has hiked pre-paid rates by about 20-25 percent. Airtel has raised tariffs as the telecom major wants to push up its Average Revenue Per User to Rs 200 in the medium term. Following the tariff hike, MC Pro revised its estimates upwards. SOTP valuation indicates a near 25 percent upside on the current market price. Here's why
Bharti Airtel stock gained 3.90 percent to close at Rs 742.05 on BSE. During the day, it jumped 5.85 percent to its 52-week high of Rs 756. On NSE, it gained 3.88 percent to close at Rs 742.10.
The development comes a day after Bharti Airtel announced a similar level of tariff hike in mobile prepaid users.
Bharti Airtel reported a strong set of numbers for Q2FY22. Despite the stock’s upmove, MC Pro sees further 10%-plus upside from current levels, and recommends investors to accumulate with a long-term view. Here’s why
In an email outreach to subscribers, Gopal Vittal, CEO of Airtel urged users to be vigilant against such cases of cyber fraud that are becoming "alarmingly frequent".
With this announcement, Vodafone became the first telecom to accept the Department of Telecommunications (DoT)’s four-year moratorium on AGR dues, which is part of the recently launched telecom relief package.
The Central Board of Direct Taxes on October 13 notified "Relaxation of Validation (Section 119 of the Finance Act, 2012) Rules, 2021", prescribing the forms and conditions for the declaration to be filed by the company for settling its case.
Technological innovations with 5G will redefine the future of telecom in India, while amalgamation of telecommunications services with upcoming industries and tech enablers (IoT, 5G, and private networks) will reorient the sector from being a 'service provider to a service enabler', said a release citing the key takeaways from the report.
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) bench headed by Justice Shiv Kirti Singh listed the matter for hearing on October 26.
The Security Assurance Standards (SAS) division of NCCS will hold a meeting with the industry on the same on October 21.
Jefferies expects the outlook on tariff hikes for Bharti, further details on JioPhone Next for Jio, and tenancy outlook for Indus Towers to be the key things to watch for in the September quarter.
In a press note, the Department for Promotion of Industry and Internal Trade (DPIIT) said foreign investment in telecom services will be subject to the condition of Press Note 3 of 2020.
In line with this, the Department of Telecom has already filed an affidavit before the Supreme Court in a case against Anil Ambani-promoted Reliance Communications to take an informed decision whether to proceed with the present appeal or not, the source said.
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.
The DoT has given three weeks time to the telecom operators to pay the penalty, a source said while sharing the content of the demand notice served to the companies on Thursday.
The BSNL CMD confirmed that he has approached the government for the support, which is beyond the Rs 69,000 crore relief package that was announced in 2019.
Vodafone Idea Limited is waiting for the government to spell out the final guidelines for the telecom relief package it announced earlier this month. The government allowed a four-year moratorium on the spectrum and adjusted gross revenue (AGR) dues and an option to pay principal and interest by way of equity.
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.
Customers will have to pay Re 1 for the process of authentication through Aadhaar-based e-KYC services of UIDAI for getting new mobile connections, according to the new rules.
VIL will still need external funding for it to undertake the necessary capex that will enable it to retain subscribers
The cabinet was widely expected to take a decision on a so-called relief package for the telecoms industry, which would have helped all wireless carriers but especially the embattled Vodafone Idea.
The direction came after the regulator received complaints by telecom service providers against each other, where allegations were levelled about MNP-specific tariff offerings being made by rival firms.
Despite a 63 per cent rally from its 52-week low in October 2020, the Airtel stock offers a decent upside
