Banks express concern over stress in telecom sector

Four large banks that met an inter-ministerial group (IMG) expressed concern over stress in the telecom sector and flagged the possibility of loan default by operators. The IMG met officials from four leading banks -- State Bank of India, Punjab...

Telecom companies push for better standards, policy for IoT play

With India starting to emerge as a major player for many of the technologies around Internet of Things (IoT), the industry is pushing for orchestration of standards, infrastructure and policy framework in order to generate new business models. Being the...

Jio adds 4 million customers in April; now has 112 mn

Reliance Jio has defeated its arch rivals Bharti Airtel, Vodafone and Idea Cellular in terms of adding new customers in a month. The new entrant to India's telecom market added 4 million customers in April, highest for any telecom...

Jio vs Airtel, Vodafone, and Idea as IMG panel looks into telecom sector’s woes

New and old telecom operators were again at each other's throats on Monday with Reliance Jioaccusing incumbents of milking the sector using borrowed money while the older players blamed free voice and data offering by the Mukesh Ambani firm...

Government launched ‘Tele-Law’ programme

The Government of India has launched the ‘Tele-Law’ programme, aimed at providing legal aid services in rural areas through digital technology. The Ministry of Law and Justice partnered with the Ministry of Electronics and Information Technology (MeitY), which anchors the...

Delay in plans to offset debt led telecom industry to crisis

With nearly a billion subscribers, India's telecom story was like no other in the world. However, past six months show that the sector may have bitten more than it could chew and Reliance Jio just added to its burgeoning...

Telecom Minister likely to meet telco promoters on June 22-23

Telecom Minister Manoj Sinha is likely to meet promoters of service providers on June 22-23 to discuss the ongoing crisis in the telecom sector. A leading business daily, quoting an industry source, said that the Telecom Minister has called for...

4G download speed in India three times below global average

For all the talk of 4G and high-speed broadband in India, the average download speed — at 5.1Mbps — is less than a third of the global average and only marginally higher than the global 3G speed of 4.4...

Banks’ telecom exposure not large enough to pose systemic threat: Fitch

Indian banks' exposure to troubled telecom companies is not large enough to pose a systemic threat, but defaults could add to problems at banks with weak balance sheets, said Fitch Ratings. The banking sector is already struggling with significant asset...

Panasonic India cashing in on telecom green energy push

With India’s telecom sector investing heavily in green-energy solutions, Panasonic’s local unit has cashed in on the growing demand, generating over $100 million in sales in the last three years supplying lithium-ion battery-based solutions. The telecommunications sector has become the...

Tax sops may top the agenda at telecom meet

Telcos are expected to seek immediate cuts in levies and rationalisation of taxes when they meet an inter-ministerial group (IMG) that's been set up to look into their financial woes from June 12 to 17. The panel will start by...

Indian telecom industry’s cash deficit due to intense tariff war, high taxes

Intense tariff war and high taxes are expected to squeeze Indian telecom operators, leaving a gaping Rs 1,20,000 crore deficit between the industry’s earnings and its debt/payment commitments this year, says debt-laden Reliance Communications. With annual interest payments, loan re-payment...

Airtel gets SEBI, stock exchanges nod for Telenor India acquisition

Bharti Airtel, the country’s No 1 phone company, has received approvals from Securities & Exchange Board of India (SEBI), Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) for the proposed merger with Telenor India. Airtel and Telenor...

Telecom industry’s debt at unsustainable level: SBI

The country's largest bank SBI has sounded alarm bells over troubles of the telecom industry with its chairperson Arundhati Bhattacharya writing to the government regarding "highly unsustainable levels" of debt of mobile companies. Telecom industry's debt to the banking...

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Indore gets country’s first ‘Robocop’ to regulate traffic!

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