Telecom Industry
Spectrum Auction 2024 Worth Rs 96k Crores to be Held Tomorrow
The telecom spectrum auction for eight bands is scheduled for June 25. According to Antique Stock Broking, the bidding is unlikely to be vigorous. The brokerage predicts that Bharti Airtel may bid for some of its expiring spectrum valued at Rs 3,820 crore, while Jio will be selective, basing its bids on data traffic flow […]
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Vodafone Idea 5G Rollout Minimum Requirement Completed
Vodafone Idea Limited (VIL) has announced the completion of its minimum 5G rollout obligation as required by the Department of Telecommunications (DoT). Initially, VIL had confirmed 5G rollout in a few circles, but it has now met the requirement for all mandated circles. The telecom department had instructed telcos to roll out 5G in both […]
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Jio Surpasses Airtel in 4G/5G User Additions for April | Telecom Subscription Data as on 30 Apr 2024
Reliance Jio continued to outpace rivals Bharti Airtel and Vodafone Idea in active wireless subscribers and high-paying 4G/5G users, according to telecom regulator data for April. Reliance Jio added 3.06 million active subscribers, while Bharti Airtel and Vodafone Idea lost 2.09 million and 0.63 million active subscribers, respectively, as per the data released by the […]
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Bharti Airtel Acquires More 1% Stake in Indus Towers
Bharti Airtel, India’s second-largest telecom operator, has increased its stake in Indus Towers by acquiring an additional 1%. This acquisition occurred as Vodafone UK offloaded an 18% stake in the telecom infrastructure company. Prior to this, Airtel held a 47.95% stake in Indus Towers, which has now risen to 48.95%, making it the largest stakeholder. […]
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Vodafone Idea Dues to Indus Towers: Vodafone to Sell 10% Stake to Repay Debt
Vodafone Group plans to sell about 10% of its stake in Indus Towers for up to $1.1 billion as part of the British firm’s efforts to repay its debt. Vodafone will sell roughly 268 million shares in Indus Towers through stock market block deals in Mumbai, priced between 310 rupees ($5.02) and 341 rupees per […]
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Bharti Airtel Prepays Rs 7,904 Crore in Spectrum Liabilities to DoT
Bharti Airtel announced that it has fully prepaid its deferred spectrum liabilities of Rs 7,904 crore to the Department of Telecommunications (DoT). This payment means Airtel, the second-largest telecom operator in India, has now fully prepaid all deferred liabilities related to spectrum acquired in the 2012 and 2015 auctions, which carried the highest interest rates […]
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Vodafone Idea Dues to Indus Towers, Will Sell Entire Indus Towers Stake
According to sources familiar with the matter, reported on June 14 that Vodafone Group is considering selling its entire $2.3 billion stake in Indus Towers, a mobile-tower operator, through block deals next week. Vodafone holds a 21.5% stake in Indus Towers through various group entities. The report indicated that the final transaction size might be […]
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BSNL Land Monetization: Land in Kondapalli, Tuni, and Palakol to be E-Auctioned
The Bharat Sanchar Nigam Limited (BSNL) has announced the sale of its land in Kondapalli near Vijayawada, Tuni, and Palakol through an e-auction as part of its strategy to monetize surplus land parcels and buildings. The reserve price for the land in Tuni has been set at ₹12.94 crore, while for Palakol and Kondapalli, it […]
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Jio Satcom Service Gets IN-SPACe Approval
Reliance Jio and SES’s joint venture, Orbit Connect, has received critical landing rights and market access authorization from the Indian National Space Promotion & Authorisation Center (IN-SPACe). Orbit Connect is majority-owned by Jio (51%) with SES holding the remaining 49%. IN-SPACe has granted the necessary approvals for Orbit Connect to offer commercial services in India. […]
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New Telecom Alliance to Streamline Cross-Border Connectivity in ASEAN
A group of telecom operators and data center providers in Southeast Asia have formed an alliance named ASEAN Connect.One, aiming to streamline collaboration on connectivity services among data centers, carriers, and OTT players in the region. The founding members of this alliance include APT Satellite, FPT International Telecom, Interlink Telecom, Neocom ISP, NTC Asia, SEAX […]
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