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Jio effect: Airtel Q1 net profit tanks 75% to Rs 367 crore

The country's largest telecom company Bharti Airtel on Tuesday posted 74.89 per cent plunge in consolidated net profit to Rs 367 crore for the June quarter of the current fiscal, hit hard by the disruptive pricing of newcomer Reliance Jio.

Jio's cheap handsets may reverse India's revenue decline trend

Jio's cheap handsets may reverse India's revenue decline trend

Despite this move, the agency retained its negative outlook on the sector, which has been impacted hugely by the entry of Jio.

India to take corrective steps to ensure telecoms growth

India to take corrective steps to ensure telecoms growth

India`s telecoms minister said on Thursday that the government would take corrective steps to ensure growth in the sector, the world`s second-biggest by number of users, amid worries about financial stress.

Telcos ask TRAI to fix floor price for voice call, data

Telcos ask TRAI to fix floor price for voice call, data

Telecom regulator Trai on Thursday said certain operators have suggested fixation of minimum floor price for voice and data services.

Cut prices, pass GST benefits to customers: Govt tells telcos

The finance ministry on Friday asked telecom companies to rejig costs and lower prices to pass on the benefits of tax rate reduction under GST to customers from July.

Telecos to bleed this year as well due to Jio: Crisil

Telecos to bleed this year as well due to Jio: Crisil

Due to intense competition triggered after launch of Reliance Jio, top three telecom companies are set to face the heat in fiscal 2018 as well, as per a report by rating agency Crisil released on Monday.

High cost of spectrum is credit negative for telecom players: Moody's

High cost of spectrum is credit negative for telecom players: Moody's

High cost of spectrum following the recent auction is credit negative for telecom operators, as the debt levels will rise further, Moody's Investors Service said on Friday.

"Unsold airwaves to be re-auctioned when telcos' fortunes improve"

"Unsold airwaves to be re-auctioned when telcos' fortunes improve"

 India said on Friday it will consider re-auctioning mobile phone spectrum that remained unsold in a sale this week when the financial situation of its telecoms companies improves.

 

 

Spectrum auction flop not to impact fiscal math: Nomura

Spectrum auction flop not to impact fiscal math: Nomura

Japanese brokerage Nomura on Friday said there will be a Rs 32,000-crore shortfall in revenue accretion because of the disappointing spectrum auctions, but it woould not affect the overall fiscal math of the government.

Telcos deposit Rs 14,653 crore for spectrum auction, Reliance Jio submits Rs 6,500 crore

Telcos deposit Rs 14,653 crore for spectrum auction, Reliance Jio submits Rs 6,500 crore

Leading telecom operators have deposited Rs 14,653 crore as earnest money for the country's largest ever spectrum auction from October 1, with Reliance Jio alone submitting Rs 6,500 crore.

 Airtel to deploy e-KYC solution in 5,00,000 stores

Airtel to deploy e-KYC solution in 5,00,000 stores

Mobile operator Bharti Airtel on Sunday said it has rolled out over 20,000 units of Aadhaar based e-KYC solution across India, and plans to have the facility deployed in over 500,000 retail outlets, including in rural pockets, in the coming months.

Reliance Jio effect: Airtel, Idea, RCom and others lose Rs 16,997 cr in m-cap

Reliance Jio effect: Airtel, Idea, RCom and others lose Rs 16,997 cr in m-cap

Telecom stocks were hit by severe selling pressure Thursday, falling sharply by up to 11 per cent in intra-day trade, which wiped out Rs 16,997 crore from their market valuation after RIL chief Mukesh Ambani read out aggressive plans for Reliance Jio network.

 Warning message on banned sites: ISPs run into technical issue

Warning message on banned sites: ISPs run into technical issue

Internet service providers are facing technical limitations in complying with a Mumbai High Court order that required them to display error message to visitors of blocked websites warning them of 3 years' jail and a fine of up to Rs 3 lakh in case they use it.

Telcos to be asked to implement Delhi-like action plan in city

Expressing concern over the poor quality of mobile services in the financial capital, especially on its lifeline rail network, Telecom Secretary J S Deepak on Tuesday said telcos will soon be asked to prepare an action plan on lines of one being uundertaken in Delhi to improve the services.

Jio test uses commercial airwaves, but no revenue to govt: COAI

Jio test uses commercial airwaves, but no revenue to govt: COAI

Upping the ante in its fight with Reliance Jio, cellular operators' body today alleged that free data and voice being offered by the new operator under beta test is generating huge traffic using spectrum allocated for commercial use, but not yielding revenue share for government.

 India's largest spectrum auction to start from September 29

India's largest spectrum auction to start from September 29

In the latest, Telecom Department has announced that bidding rounds for the biggest-ever spectrum auction will begin from September 29. The sale will include mobile airwaves worth Rs 5.63 lakh crore at the base price value.

Bharti Airtel Q1 profit dips 31% to Rs 1,462 crore

Bharti Airtel Q1 profit dips 31% to Rs 1,462 crore

Telecom major Bharti Airtel on Wednesday reported around 31 percent decline in consolidated net profit at Rs 1,462 crore for the first quarter of 2016-17 mainly due to high capital expenditure during the period.

Call drops: Telcos commit Rs 20,000 crore for towers, seek new spectrum

Call drops: Telcos commit Rs 20,000 crore for towers, seek new spectrum

Grappling with mobile call drop menace, telecom operators on Monday committed to install 1 lakh towers within a year, entailing investments of about Rs 20,000 crore, and sought more spectrum from the government.

HC junks Vodafone plea against IT demand of over Rs 7.5 crore

HC junks Vodafone plea against IT demand of over Rs 7.5 crore

The Delhi High Court on Friday dismissed Vodafone's plea challenging a demand of over Rs 7.57 crore imposed on it by the Income Tax department for not deducting TDS for the assessment year 2013-14 on discount given to distributors towards sale of recharge coupons.

Airtel cuts pre paid data tariffs giving up to 67% more data

Airtel cuts pre paid data tariffs giving up to 67% more data

Telecom major Airtel on Sunday announced it was increasing data benefits by up to 67 per cent, in effect cutting data tariffs for pre-paid customers.