"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 â‚ą1.64 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.
Vi, which is yet to roll out 5G services, now no longer needs to submit these bank guarantees, and the Centre’s decision now opens the space for lenders to extend much-needed credit to the struggling telco.
The company aims to bolster its 4G and 5G networks and upgrade its remaining 2G users in B&C circles amid competition from Reliance Jio, and even as Vodafone Idea (Vi) readies to quickly revamp its 4G operations and launch 5G, backed by its recent fundraise via the equity route.
Telecom regulator Trai on Friday recommended the allotment of the only chunk of 5 megahertz spectrum left in premium 700 Mhz band frequency range to Indian Railways for passenger safety applications.
Any message where the telemarketer chain is undefined or does not match will be rejected in accordance with Trai's directives," said SP Kochhar, director-general of the Cellular Operators Association of India (COAI) that represents Reliance Jio, Bharti Airtel, and Vodafone Idea.
With the extension of Mei's term and the addition of Mark to the Management Board, we can ensure clarity and stability from our strong leadership team to deliver growth and increase stakeholder value for the future," he said.
Alkira presents itself as the first unified network infrastructure that brings together on-premises systems, multi-cloud environments, devices, and users into a single, configurable platform, which optimises the routing of data over existing major cloud provider backbones.
“…a meeting of the Board of Directors of the Company is scheduled on December 9, 2024, inter-alia, to consider a proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group,” Vi said in a late evening exchange filing.
Counsels appearing for IBDF told the SC that the tariff order restricted broadcasters’ ability to provision the signals of their pay channels to Prasar Bharati thereby impinging upon their fundamental right to freedom of speech and expression as guaranteed under Article 19 (1) (a) of the Constitution.
