Bharti Airtel approves allotment of debentures to raise Rs 3,000 cr

Source: Financial Express, Mar 15, 2018

New Delhi: India’s largest telecom operator Bharti Airtel today said its committee of directors has approved the allotment of 30,000 debentures for raising about Rs 3,000 crore via private placement. The Sunil Mittal promoted company, which is engaged in a fierce tariff war to safeguard its turf in the Indian telecom market, said the proceeds of the issue will be utilised for debt refinancing and spectrum liabilities. “…within the authority of the special resolution passed by the shareholders of the company through postal ballot on March 14, 2017, the committee of directors…has approved the allotment of 30,000 listed, unsecured, rated, redeemable, non-convertible debentures of face value Rs 10 lakh each, at par aggregating to Rs 3,000 crore on private placement basis,” the company said in a BSE filing. This will be allotted via two series or tranches of Rs 1,500 crore each, it added. Read the rest of this entry »

Advertisements

Centre plans to invest Rs 107 bn to boost telecommunication in north east

Source: Business Standard, Jan 16, 2018

Guwahati: The government on Tuesday said it will invest Rs 107.43 billion for improving the telecommunication network in the northeastern states and along the National Highways in the region.Union Minister of State for Telecommunications Jayant Sinha announced this while he was in Guwahati to review the implementation of BharatNet and other major telecom projects in the northeastern region.

“An amount of Rs 107.43 billion will be spent on different projects in the northeastern states to spread mobile network connectivity to different uncovered villages in the region. I hope that most of these projects will be completed by December 2018,” said Sinha. Read the rest of this entry »

Government may allow 100 per cent FDI in telecom via automatic route

Source: The Economic Times, Dec 21, 2017

NEW DELHI: The government is finalising a plan to allow 100 per cent FDI for telecom services through the automatic route which allows firms to attract foreign funds without its approval, sources said today.

The proposal is likely to be considered by the Telecom Commission, the apex decision making body of the Department of Telecom, at its meeting scheduled for tomorrow, they said.

“The TC is likely to consider raising of FDI limit up to 100 per cent for all telecom services including infrastructure through automatic route,” a source said. Read the rest of this entry »

Trai to meet telcos early Jan to discuss 2018 roadmap

Source: The Economic Times, Dec 20. 2017

The telecom regulator will seek views of all carriers to narrow down on some areas of priority that it should look into in 2018, for which it will meet the companies in the first week of January, chairman RS Sharma has said.

The Telecom Regulatory Authority of India (Trai) will also begin drive tests for measuring quality of data services on a granular level, and is considering adding the option of viewing speeds of all networks at one’s location or travel route in the MySpeed App, with the option for the consumer to choose that network. Both services will be greatly beneficial for consumers that typically face issues of call drops and inadequate data coverage in some instances.

“We intend to call a meeting in the first week of January of all telcos and ask them of the priority areas. These are important and strategic issues,” Trai chairman RS Sharma told ET. “We will also share with them the status or closure of the areas that we identified last year… we have broadly closed most of them and we will be closing them all by the end of this year,” he added. Read the rest of this entry »

Government plans new telecom policy by February 2018

Source: Business Standard, Nov 07, 2016

New Delhi: The Department of Telecommunications (DoT) is planning to finalise the new telecom policy by February 2018, Communications Minister Manoj Sinha said here on Tuesday.

“We are trying to come out with the new telecom policy by February 2018. High level working groups have started working towards it. We expect to finalise the draft telecom policy by December and place it for public comments,” Sinha told reporters at a press meet. Read the rest of this entry »

Smartphone shipments touch record high in Q2

Source: Business Standard, Oct. 18, 2017

New Delhi: The shipment of smartphones grew 13 per cent year-on-year (y-o-y) during July-September to touch a record high of about 40 million units, said Counterpoint Research. Last year, when the festive season began some three weeks earlier, handset players had shipped in close to 35 million units in the same period.

While smartphone imports usually surge during the September quarter every year in anticipation of higher sales in festive months, this year shipments grew more than average. Read the rest of this entry »

Govt approves BSNL’s plan to spin off mobile tower business

Source: LiveMint.com, Sept 13, 2017

New Delhi: The union cabinet approved a proposal to separate Bharat Sanchar Nigam Ltd’s (BSNL) mobile tower assets into a new unit, a move that will potentially generate revenues and improve finances of the state-run telecom firm.

“This approval authorizes BSNL to monetize its telecom tower infrastructure,” the government said in a statement on Tuesday.

BSNL owns more than 66,000 mobile towers in India, almost 15% of the around 442,000 mobile towers in the country.

“An independent, dedicated tower company of BSNL with a focused approach will lead to increasing of external tenancies (or number of companies using a tower) and consequentially higher revenue for the new company,” the government said. Read the rest of this entry »