Telephone subscribers grew 2.48% in December: TRAI

The number of telephone subscribers in India increased from 1,123.96 million at the end of November 2016 to 1,151.78 million at the end of December 2016 - a monthly growth rate of 2.48 per cent, data released by the Telecom Regulatory Authority of India (TRAI) on Friday said here.

The urban subscription increased from 659.03 million at the end of November 2016 to 683.14 million at the

TRAI floats consultation paper on regulatory principles of tariff assessment

Taking note of the changing dynamics of the telecom industry, the sector regulator on Friday issued a consultation paper to discuss various regulatory principles of tariff assessment.

The Consultation Paper on Regulatory Principles of Tariff Assessment issued by Telecom Regulatory Authority of India (TRAI) sought stakeholders' opinion on various crucial issues like transparency in

BHEL, Idea to move out of Nifty 50 from March 31

State-run Bhel and telecom major Idea Cellular will move out of National Stock Exchange's Nifty 50 index from March 31. Indiabulls Housing Finance and Indian Oil Corporation will be included in the index in their place.

The changes, announced by Indian Index Services and Product, an arm of NSE, will be effective from March 31, 2017. Apart from Nifty 50, the exchange has made chang

Idea Cellular falls nearly 3% on exclusion from Nifty50 index

Shares of Idea Cellular dipped nearly 3 per cent in early trade on the Bombay Stock Exchange after the Mumbai-based telecom major was removed from NSE’s Nifty50 index. Weighed down by the development, shares of company declined as much as 2.96 per cent to hit an intra-day low of Rs 104.50 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company slipped 2.83 p

Trai begins operator-assisted test for call drops: Reports

Regulator TRAI has said that it has begun operator-assisted drive test that captures real-time data to monitor the level of call drops and voice quality across multiple cities. As per reports, the operator-assisted tests involves the telecom firms' equipment and costs, with the regulator monitoring and supervising the entire process.

Commenting on the issue, TRAI Chairman RS Sharm

Bharti Airtel completes acquisition of Augere Wireless

Telecom operator Bharti Airtel said that it has completed acquisition of Augere Wireless -- a company which holds one slot of 2,300 Mhz band spectrum in Madhya Pradesh circle, reported PTI. "...The merger of Augere Wireless Broadband India Private Limited (Augere), a wholly-owned subsidiary into Bharti Airtel Limited (Airtel) has been completed," Bharti Airtel said in a BSE filing.

Trai sets up committee to identify obsolete regulations: Reports

Telecom regulator Trai has said that it has set up a joint committee consisting of industry representatives to examine and identify regulations and tariff orders that are out of sync with times. Commenting on the issue, Trai Chairman R S Sharma told the media, "We have formed a joint committee with industry representatives, which will identify regulations and tariff orders that have become

Reliance Jio crosses 100 mn customers: Mukesh Ambani

Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani on Wednesday said the company's newly-launched telecom venture Reliance Jio has crossed 100 million customer base.

"When we started Jio we set a target of 100 million customers in shortest time. Even we didn't imagine we will do it in months. Aadhaar enabled us to acquire a million customers a day,

Trai held our free offers as legitimate: Reliance Jio to High Court

Reliance Jio (RJio) on Tuesday told Delhi High Court that telecom regulator Trai has held that its free offers to subscribers was perfectly legitimate, reported PTI. The submission was made before Justice Sanjeev Sachdeva when telecom major Vodafone India's plea, alleging that RJio "blatantly violated" Trai's tariff orders, directions and regulations, came up for hearing.

Trai shifts deadline for Net neutrality comments to March 15

Telecom regulator Trai has extended the last date for comments on the contentious Net neutrality by a month to March 15, reported PTI. Telecom operators and Internet-based companies have been at loggerheads on the issue which is linked to providing preferential access to select customers.

"On request from the stakeholders, the last date for receipt of written comments, if any, fr

Tata Communication completes transaction with ST Telemedia

Tata Communications has said that it has successfully completed the Singapore data centre joint venture transaction with ST Telemedia (STT), a global investor in communications, media and technology businesses. In May 2016, both companies announced their entry into definitive agreements whereby STT, through its wholly owned subsidiary, ST Telemedia Global Data Centres (STT GDC), agreed to acqui

Vodafone rolls out 4G services in Goa

Riding on around 50 per cent market share in Goa, Vodafone India Limited announced the rolling out of 4G in the coastal state which is expected to boost the sales of the company, reported PTI. "With around 8.5 lakh connections in Goa we have touched almost 97 per cent of the population in the State," Ashish Chandra, Business Head (Maharashtra and Goa Circle) of Vodafone India Limited

Idea Cellular dips over 7% on disappointing Q3

Shares of Idea Cellular fell over 7 per cent on the Bombay Stock Exchange even after the company reported a net loss of Rs 383.88 crore for the quarter ended December 31, 2016, compared to net profit of Rs 659.35 crore in the prior year period.

Following the Q3 earnings, shares of telecom major declined as much as 7.56 per cent to hit intra-day low of Rs 102.00 apiece on the Bombay St

Reliance Communications December-qtr slips into losses at Rs 531 cr

Telecom operator Reliance Communications Ltd (RCom) has reported that its October-December quarter of FY17 slipped into net loss at Rs 531 crore, weighed down by free 4G services being offered by Reliance Jio. “The consolidated PAT of the Anil Ambani-led company stood at Rs 303 crore during the same period a year ago,” Reliance Communications Ltd said in a filing to the Bombay Stock

RCOM posts Rs 531 cr loss in Q3

Reliance Communications has posted a net loss of Rs 531 crore for the third quarter of the current fiscal, a company statement said here on Saturday.

The company has attributed the loss to three factors.

Citing the reasons, the company said: "The industry witnessed unprecedented competitive intensity. This was the first full quarter after company's complete shutdown

Idea Cellular Q3 loss at Rs 478.9 crore

 Idea Cellular reported a loss of Rs 478.9 crore for the third quarter of the current fiscal, a company statement said here on Saturday.

"The Indian mobile industry witnessed an unprecedented disruption in the quarter of October to December 2016, primarily due to free voice and mobile data promotions by the new entrant in the sector," the statement said.

The c

Accumulate Tata Communications Ltd For Target Rs.740.00 – Emkay

Focus on cash generation

* Voice business continues to face structural headwinds with pressure on realizations and EBITDA. Data segment was impacted by one-offs (sale of India data center, one-off litigation and DeMon impact on ATM business).

* FCF in 9MFY17 stood at Rs4.6bn vs Rs2.9bn in 9MFY16. Data segment is expected to deliver healthy pe

10/02/2017 11:46:15 AM | Posted in Broking Firm Views - Long Term Report read full news
Government allocates Rs 10,000 cr in Bharat Net project: Reports

The Indian Government has said that it has made an allocation of Rs 10,000 crore for the ambitious Bharat Net project in a bid to strengthen rural connectivity. As per reports, the project will ensure high-speed broadband on optical fibre which will be available in over 1.5 lakh gram panchayats with hotspots and access to digital services at low tariffs.

Commenting on the issue, Finan

Airtel provides Jio sufficient Pol capacity to serve its customers

Bharti Airtel has said that it has provided adequate capacity to Jio to serve over 190 million customers, but the latter has not been able to activate and utilise it. "The PoIs have been provided well above the customer growth projection provided by Jio to Airtel.

The capacity provided is ideal for serving over 190 million customers on the Jio network and is more than double of t

Reliance Jio terms Airtel's claim on PoI as misleading

Reliance Jio Infocomm (RJIL) on Tuesday termed Airtel's claim of provisioning adequate points of interconnect (PoI) capacity to RJIL as "misleading".

The development comes after Airtel in a statement issued earlier during the day said that it has provided a total of over 35,000 PoIs to Reliance Jio in a record time of just five months. 

"Of these 27,7

Idea Cellular to raise Rs 1,000 cr via debentures

Mobile operator Idea Cellular, currently in merger talks with Vodafone India, today said it plans to raise Rs 1,000 crore through issuance of non-convertible debentures on private placement basis. "...The company is proposing to issue Secured Redeemable Non Convertible Debentures amounting to Rs 1,000 crore on private placement basis," Idea Cellular said in a BSE filing.

The

Reduce Bharti Airtel Ltd For Target Rs.306.00 - Emkay

Pain to continue in India wireless business

* India performance was marred by free offering by Jio and also due to DeMon. Continued efforts on improving efficiency realized results, translating into better than expected operating performance in Africa with sustained margin expansion.

* India- Wireless revenue declined 6% qoq, underperforming

7/02/2017 12:14:59 PM | Posted in Broking Firm Views - Long Term Report read full news
Telecom panel seeks clarifications on telcos` penalty

The Telecom Commission on Monday asked the Department of Telecom (DoT) to seek further clarifications from the regulator about the Rs 3,050-crore penalty it slapped on three telcos for allegedly denying points of interconnect (PoI) to Reliance Jio, according to sources.

The Telecom Regulatory Authority of India (TRAI) has imposed a penalty of Rs 3,050 crore on Bharti Airtel, Vodafone

Telecom Commission seeks clarification on penalty in PoI issue

Telecom Commission has asked DoT to seek clarification from Trai on the Rs 3,050-crore penalty recommended by the watchdog on three service providers Bharti Airtel, Vodafone and Idea Cellular for allegedly denying interconnectivity to newcomer Reliance Jio, reported PTI. "The Telecom Commission has asked DoT to seek clarification from Trai on 10-12 points, including whether t

he

Operator-assisted drive tests to measure call drops soon: Reports

Telecom regulator Trai has said that 'operator-assisted' drive tests, which measure call drops and service quality, would start across various locations soon. As per reports, these tests would be conducted around each of Trai's five regional offices including Jaipur, Hyderabad and Bangalore, by March.

The operator-assisted tests - a new concept by Trai - involves operators