
Airtel, Vodafone Idea exit Wi-Fi JV Firefly Networks
They had reached an agreement with Singapore-based Manipura Digital Infrastructure OPCO Pte Ltd for a combined value of Rs 12.1 crore in November 2023.
They had reached an agreement with Singapore-based Manipura Digital Infrastructure OPCO Pte Ltd for a combined value of Rs 12.1 crore in November 2023.
TRAI will start, this month, a pilot to onboard paper-based and past permissions given by customers for receiving commercial communications onto its digital distributed ledger technology (DLT) platform, a process that in the long-run would include scrubbing and verifying their current validity and offering opt-outs to those keen on it, Chairman Anil Kumar Lahoti said, adding that tighter regulations on curbing spam as well as new consultation examining an authorisation framework for telemarketers can also be expected in coming weeks.
Top telcos and legal experts have flagged concerns over the draft data protection rules, saying clauses around transferring personal data outside India may affect international long distance (ILD) calls and sending text messages overseas or even sending WhatsApp messages to international numbers.
"Smartphone penetration and growing data usage have been the largest contributors to accelerating revenue growth for telecom companies even though subscriber addition has been relatively modest," said Balaji Subramanian, vice president at equity research firm IIFL Securities.
TRAI’s report on the telecom industry’s fiscal second quarter performance also indicated that monthly average revenue per user (ARPU) from wireless services rose 9.60% on-quarter to Rs 172.57.
In 2022, the Centre approved a second revival package for BSNL and MTNL amounting to ₹1.64 lakh crore, that included financial support for de-stressing the balance sheet, capital expenses, settlement of adjusted gross revenue (AGR) dues, and viability gap funding (VGF) for rural landline connections.
Earlier this month, Vodafone sold its remaining 3% stake in Indus via multiple block deals, raising around Rs 2,801.7 crore, and fully exited the Indian tower company that is now a Bharti Airtel subsidiary.