Telecom Secretary R Chandrasekhar tells CNBC-TV18 that they will wait for Supreme Court’s ruling on their review petition before proceeding with the 2G auction process.
Typically, quarter three is a seasonal strong quarter for the rural subscribers and as it is known, Idea Cellular has a stronger percentage of its subscribers with rural base.
The Department of Telecom indicated that it could be accepting TRAI’s recommendation of a one-time payment for excess spectrum. GV Giri, telecom analyst at IIFL spoke to CNBC-TV18 about the prospects for the sector going ahead.
Speaking to CNBC-TV18, managing director of India’s third largest telecom operator, Idea Cellular, Himanshu Kapania says that they are on the anvil of launching an Idea smartphone.
Idea Cellular delivered subdued FY12 second quarter numbers. Himanshu Kapania, managing director of Idea Cellular feels that one of the reasons for slower growth this quarter is due to the larger proportion of rural customers.
According to Himanshu Kapania, managing director of Idea Cellular, the rate hike in the telecom sector will impact customers over a one year period, not immediately.
Syed Safawi, CEO (Wireless) of Reliance Communication said the recent tariff hike by the company will lead to better inflows.
Himanshu Kapania, managing director and chief executive officer, Idea Cellular said, “One of the reasons why we have been able to improve our margins because as an organisation we have been focused on gross revenue and improving our revenue market share. The pace of revenue growth has to continue to be able to sustain this margin.”
In an interview with CNBC-TV18, Himanshu Kapania, managing director of Idea Cellular said that it's too premature to believe that pricing power is being given back to telecom operators.
In a CNBC-TV18 exclusive, the chairman of the Aditya Birla Group, Kumar Mangalam Birla reiterated the group’s commitment to telecom. He said its retail strategy was being reworked and that it was looking forward to a foray into the banking space.