Telecom Sector

Planning Commission fully supports Trai’s recommendations on 2G spectrum

Planning Commission fully supports Trai’s recommendations on 2G spectrum

The Planning Commission has fully supported telecom regulator Trai’s recommendations on 2G spectrum auction, including proposal of slashing the reserve price of the spectrum by 60 per cent.

The list of Trai’s recommendations for the 2G spectrum includes slashing of the reserve price for 2G spectrum by 60 per cent, a flat spectrum usage charge, trading of spectrum and a provision to withhold spectrum in the 800MHz band for deliberation as an extended GSM band.

Telecom giants might have faced tougher 2nd quarter

Telecom giants might have faced tougher 2nd quarter

Telecom giants in India are likely to have had a tougher second quarter ended September 30 this year, according to analysts' estimates.

Analysts are of the view that telecom firms like Bharti Airtel, Idea Cellular and Reliance Communications most likely have suffered tougher second quarter as modest sequential revenue per minute growth, decline in average revenue per minute and a fall in call traffic might have likely made the seasonally weak September quarter ever weaker.

COAI supports Trai’s pan-India MNP portability recommendation

COAI supports Trai’s pan-India MNP portability recommendation

The Cellular Operators Association of India (COAI) has announced its support for the Telecom Regulatory Authority of India's (Trai's) newly made recommendation that Mobile Number Portability should be implemented throughout the country within six months.

COAI Director General Rajan S Mathews said that the GSM industry body supported the objectives and was committed to work with the telecom regulator on implementing the recommendations.

TRAI cuts spectrum reserve prices by up to 79%

TRAI cuts spectrum reserve prices by up to 79%

In a bid to attract more investors, the Telecom Regulatory Authority of India (TRAI) on Monday reportedly recommended huge cuts in reserve prices for the next round of 2G spectrum auctions.

The telecom regulator slashed the reserve price for the 900 MHz band in three circles, viz. Delhi, Mumbai and Kolkata, by around 79 per cent, from previously recommended Rs 3074.18 crore per MHz to Rs 650 crore per MHz.

In the pan-India reserve price for spectrum auction in the 1800 MHz band, the regulator recommended a considerable cut of 60 per cent from its own previous suggestion.

Airtel Bangladesh acquires 5 Mhz of 3G spectrum from BTRC for US$105 million

Airtel Bangladesh acquires 5 Mhz of 3G spectrum from BTRC for US$105 million

Bangladesh Telecommunication Regulatory Commission (BTRC) has revealed in a recent statement that, on Sunday, Bharti Airtel's wholly owned subsidiary in Bangladesh - Airtel Bangladesh - won 5 megahertz (Mhz) of third-generation (3G) spectrum for US$105 million in an auction.

Vodafone sells its 45% stake in Verizon Wireless to Verizon for $130bn

Vodafone sells its 45% stake in Verizon Wireless to Verizon for $130bn

British telecommunications giant Vodafone Group Plc on Monday confirmed that it would sell its 45 per cent stake in Verizon Wireless to American mobile phone operator Verizon Communications Inc for $130 billion.

Verizon currently owns 55 per cent stake in Verizon Wireless joint venture, and after the transaction it will become the sole owner of the company.

Under the terms of the deal, Verizon will also offload its 23 per cent stake in Vodafone's Italian subsidiary back to Vodafone for $3.5 billion.

Nokia may exit India

Nokia may exit India

Finnish handset maker Nokia has cautioned that it could exit India and start exporting products from India has become the "least favourable" market for it.

In a letter written to the Ministry of Commerce & Industry, Nokia also said that the political risk of operating in the Indian market might impact its future investment decisions.

In the hard-worded letter dated June 19, 2013, Nokia said, "India has suddenly become the least favourable market."

SingTel to hike its Bharti Airtel stake to 32.34%

SingTel to hike its Bharti Airtel stake to 32.34%

Singapore Telecommunications Ltd (SingTel), Southeast Asia's leading telecom services provider, has announced its decision to hike its stake Bharti Airtel Ltd.

SingTel announced that it would purchase 788,538 shares of Bharti Telecom Ltd. to hike its stake in the Indian telecommunications giant from 30.76 per cent to 32.34 per cent.

The Singaporean telecoms giant will pay around 383.6 million dollars for acquiring the stale.

Vodafone may be forced to sell its 4.4% stake in Airtel

Vodafone may be forced to sell its 4.4% stake in Airtel

British telecom giant Vodafone Group may soon reveal a plan to sell its stake in Bharti Airtel as the newly published Unified Licence norms doesn't allow a carrier to own a direct or indirect equity stake in a rival firm.

Vodafone Group owns 4.4 per cent equity stake, worth about $1 billion, in Airtel - India's leading telecom services provider.

While the new rules states that no telecom firm can own a direct/indirect stake in another firm operating in the same of any of India's twenty-two telecom circles, Airtel and Vodafone offer telecom services in all of the those circles.

Vodafone urges telecom minister to ensure liberal norms

Vodafone urges telecom minister to ensure liberal norms

Vodafone has urged Telecom Minister Kapil Sibal to make sure that new telecom norms don't prevent operators from holding a minor, non-voting stake in a rival firm as long as it doesn't hurt competition.

Currently, telecom operators can hold up to 10 per cent stake in rival operators. But, an internal committee of the Department of telecommunications (DoT) has proposed that operators shouldn't be allowed to hold any equity in a rival firm.