Tag: telecom

Vodafone Idea Limited is a leading telecommunications company in India. It was formed in 2018 as the result of a merger between Vodafone India...

Aegis School of Business, Data Science, Cyber Security and Telecom, a leading school in telecom, data science and cyber security hosted the second jury round with a focus on IT, SMAC and exponential technologies in Bangalore. Industry stalwart like Quantiphi, Course5 Intelligence, Playment, Math Company, Wipro GE, Yulu Bikes, PhonePe, Finzy, Claym Media & Tech, Siemens, Orrtus, HCL, Comviva, Tech Mahindra, Locus, Sigmoid, Cisco, ESDS IFTAS, Parallel Wireless and many start-ups like Khushi Foods, Meesho, Servify, ShareChat, TailorSmart, Bliss & Style Mobility, etc demonstrated their innovations from 20th to 24th January at The Chancery Pavillion, Bangalore. The winners will be facilitated at the Aegis Graham Bell Awards Grand Ceremony on 27th February 2020 in New Delhi.

There is a lot more for the telecom industry in 2020. Although TRAI’s setting up prices for voice and data services and its decision to continue with IUC regime ailing with terrific hikes are positive indicators of the good year but the approval to conduct the next spectrum by the Digital Communications Commission in March-April 2020 is expected to affect the financials of telcos.

The private sector is facing tremendous recession these days. The impact of the economic slowdown on many multinational companies is clearly visible. Reliance Communications (RCom), one of the country's leading companies, is also not untouched by this. Debt-ridden Reliance Communications (RCom) has a consolidated loss of around Rs 30,142 crore in the July-September quarter. In view of the decision on the statutory arrears by the Supreme Court, the company's losses have reached such a high level due to the provision for liabilities.

Vodafone CEO Nick Read recently told that they soon might have to liquidate because at present they are in a critical stage. Also known as the Global telecom giant, Vodafone is finding it tough to survive in the firstly because of the Indian regulations and second because of the exorbitant rate of tax. All these have led the joint venture in India to soon go into liquidation. It is facing missive fine and a price war with other telecom companies, and all this has moved the Vodafone’s joint venture in India to zero.  On Tuesday, Nick indicated that Vodafone India’s operation might soon head towards the process of liquidation. However, this may be avoided if the government provides the company with some relief on the mobile spectrum fees and he added that excessive tax and the unsupported regulation as a reason which is forcing them to go for liquidation. He said, “If you’re not a going concern, you’re moving into a liquidation scenario can’t get any clearer than that,”.

Telecommunication is one of the boomed markets flourishing at the fastest pace and has also played a major role in the growth of the Indian economy. This connectivity revolution powered the technology giants to reach hundreds of millions of Indian youth to get into its grid creating a golden opportunity to improve their prospects. Then why the Indian government is in an urge to push back the telecom businesses into debts or rather say in the state of bankruptcy? Why can’t it let the sector to be flourishing healthily?

In a major setback to Vodafone Idea, Airtel on Thursday, the Supreme Court has ordered them to pay the central government Rs 92 thousand crore. This led to a big drop in shares of telecom companies. The court has said that these companies will have to pay adjusted gross revenue (AGR). There was a long-running dispute between the Department of Telecommunications and the telecom companies regarding this issue.

The central government will not close Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL). These two companies will be merged. The Union Cabinet has approved its revival plan. Telecom Minister Ravi Shankar Prasad said that both the telecom companies will neither be closed, nor disinvested nor will it be given to any third party to run.

Reliance Jio has announced to take money for calling, giving a big shock to its customers. Jio customers will now have to pay to talk on the phone. According to a Jio statement, Jio's customers will have to pay 6 paise per minute to call another company's network, although calling from Jio to Jio's network will be free as before.