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The last step is to get the DOT approval in terms of merging the licenses etc, said Sunil Sood, MD & CEO, Vodafone India
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The Torrent Pharmaceuticals and Unichem Laboratories deal is close to fruition. On a day this Rs 3600 crore deal has been sealed, it is a good time to look at M&A activity in 2017 so far. In an interview to CNBC-TV18, Raja Lahiri of Grant Thornton, Randhir Kochhar of Ernst & Young, Vivek Gupta of KPMG and Ashvin Parekh of Ashvin Parekh Advisory Services discussed about the same.
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There is clear consolidation in the telecom space where an unsustainable perfect competition structure is dying down & a more sustainable structure is coming into shape, Sanjay Kapoor, Former Chairman, Micromax.
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As expected Reliance Industries Limited made big announcements at its 40th Annual General Meeting (AGM) with the key announcement being around the JioPhone, which will be given free of cost to its Jio users, along with aggressive data tariffs.
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In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at PhillipCapital spoke about the debt restructuring in RComm and what the impact will be on the stock.
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In an interview to CNBC-TV18, Nitin Soni of Fitch Ratings spoke about the latest happenings in the telecom sector and specifically about RComm.
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Speaking to CNBC-TV18, Telecom Minister Manoj Sinha said that Bharti Airtel's acquisition of Telenor and the merger of Vodafone and Idea Cellular will result in "harmonisation" of spectrum and better services for consumers.
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It is about the coming together of two companies who have huge synergies in terms of assets that they own, says Kumar Mangalam Birla, Chairman of Aditya Birla Group.
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Sunil Mittal expects that Airtel's plan to completely drop roaming charges, will result in increase of usage.
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Naveen Kulkarni of PhillipCapital is of the opinion that Reliance Jio finally becoming paid does not spell good news for incumbents. He instead says that the Rs 303 scheme introduced by Mukesh Ambani last week is very competitive and so will continue to maintain pressure on exisiting operators.
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The Indian telecom industry needs to consolidate to enable economies of scale and spectrum availability, but pricing power can only come through innovation says, Arun Sarin, Former Global CEO of Vodafone, sharing his view on the likely merger of Vodafone and Idea Cellular in an interview with CNBC-TV18.
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Mukesh Ambani continues to maintain a large amount of pressure on other telcom players, said Mahesh Uppal of Com First India. He expects further consolidation in market.
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With the consultation paper, TRAI aims to bring more clarity in interpretation of its principles as the existing features are not well defined in the tariff order.
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On the news of a possible merger between Vodafone and Idea Cellular, Sanjay Kapoor, former CEO of Bharti Airtel says, consolidation is good for the industry's sustainability.
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TRAI met up with telecom companies earlier this month to set agenda for 2018. Issues such as internet of things and framework for data-related issues were discussed., RS Sharma, Chairman of TRAI said.
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Speaking to CNBC-TV18, Hemant Kanawala of Kotak Mahindra Old Mutual Life, said that the Mukesh Ambani-led Reliance Jio would remain aggressive till it achieves its targeted market share.
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The news of Reliance Jio extending its free services has hit the telecom stocks hard. In conversation with CNBC-TV18, analysts talk about the impact of this announcement on other big players in the telecom sector.
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Prakash Diwan, Altamount Capital Management is more impressed with the announcement of JioMoney Merchant application and the aim of bringing around 10 million small retailers and merchants under the net.
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Idea Cellular has put on block 100 percent stake in its tower arm, dropping its earlier plans to sell a minority stake in the business, people close to the telecom operator told CNBC-TV18. They say the company is looking to sell 11,000 telecom towers for close to USD 1 billion.
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The currency ban is impacting many sectors and that includes the telecom business too. However, Abhishek Gupta, Analyst-Telecom, IDFC Securities, says that the estimated impact will only be 1-3 percent on telecom companies in quarter three.
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Idea Cellular reported weak second quarter numbers with revenue falling 2 percent to Rs 9300.2 crore and profit after tax (PAT) coming at Rs 90 crore, a 59 percent fall quarter-on-quarter.
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The Telecom Regulatory Authority of India (TRAI) has recommended a penalty of Rs 3,050 crore on Bharti Airtel, Vodafone India and Idea Cellular for allegedly violating licence norms by denying adequate interconnection points to Reliance Jio Infocomm.
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Growth momentum for data services is expected to accelerate and Idea Cellular's MD Himanshu Kapania sees the company's share of revenue from data doubling to 40 percent over the next few years.
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India's telecom spectrum auction closed Thursday with the government raising about Rs 65,700 crore. Naveen Kulkarni of PhillipCapital. He said that the brokerage has a buy call on both Bharti Airtel and Idea Cellular. While Idea's financial performance may take a beating, its operational performance will pick up going ahead, he added.
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Based on the data related to Points of Interconnect (PoIs) with respect to Reliance Jio submitted to the Telecom Regulatory Authority of India by telecom operators including Bharti Airtel, Vodafone India and Idea Cellular, the telecom regulator‘s Chairman RS Sharma said the call failure rates are unacceptable.
