Reliance Jio, the new entrant in telecom sector, has raised Rs 2,500 crore from Axis Bank via domestic bonds; the bank is the sole arranger for the five-year money. The bonds have offered a rate of 8%, and the proceeds would be used for its proposed expansion.
As many telecom operators are not happy with the telecom regulator TRAI’s MySpeed app,the Cellular Operators Association of India (COAI) has written to the telecom regulator to address the issues. It cited a TRAI white paper in February that showed data-speed testers such as Ookla, OpenSignal and 4G Mark pegging Jio’s download speeds at 7.33, 5.81 and 4.6, respectively, while its MySpeed app recorded it at 18.4.
Soon people may not need wi-fi or dongle while using their laptops, as The Mukesh Ambani-led Jio has held dialogues with the US chip major Qualcomm to bring out laptops running the Windows 10 operating system with built-in cellular connections for the Indian market.
Reliance Jio has deployed pre-5G Massive MIMO for users at IPL matches in Delhi and Mumbai. The stadiums of the IPL matches have been connected with pre-5G Massive MIMO units.
With the National Company Appellate Law Tribunal (NCLAT)’s vacating stay on Reliance Infra’s tower, fibre sale, Anil Ambani -led Reliance Communications' worries have come down. But NCLAT has asked Reliance Infra to deposit the sale proceeds in an escrow account of the State Bank of India (SBI).
Closing of Reliance Communications and Aircel has benefitted not only Jio but also the state owned telecom operator BSNL. The BSNL has added 12 lakh customers throughout the country who opted for portability from other networks to state-owned BSNL in the last financial year.
Finally the tense employees of debt ridden Aircel have got their salaries, thanks to Maxis which injected Rs. 95 Crore as relief package. Meanwhile, the creditors have stopped servicing Aircel that has thus been forced to shut down its operations in various circles including Tamil Nadu and Chennai.
According to Piyush Nahar, equity analyst, Jefferies, Indian telcos carry the highest data worldwide on their network after the country’s data usage grew five times in the last one year due to entry of Jio. The country’s network carries 2.1 exabytes of data per month, much ahead of North America, Eastern Europe, European Union, Latin America, China, and Middle East & Africa.
The existing Prime members on Jio can now use the free service till March 2019, as Reliance Jio Infocomm has extended the plan, while the new customers will have to pay Rs 99 during on-boarding for Prime membership. Earlier, the Jio Prime membership was valid till 31 March 2018.
The debt-ridden telecom sector is witnessing a huge pre-tax loss. The sector’s pre-tax losses stands at Rs 38,153 crore in the 2016-17 fiscal from Rs 1,699 crore in the preceding year, according to Manoj Sinha, Telecom Minister.
The telecom Minister Manoj Sinha told the Parliament on 28 March that the government has approved financial grant for a project to set up indigenous 5G test bed by Indian Institutes of Technology (IITs) and Indian Institute of Science (IISc).
To bring down its stake in Reliance Communications, Sistema Shyam Teleservices has sold 80.3 million shares representing 2.9 per cent equity stake in Reliance Communications. Now it holds only 7 per cent stake in RCom.
In Financial Year 2018-19, the leading telecom service provider Airtel will launch 6,000 new mobile sites across the North Eastern region to add network capacity and take services deeper into unconnected areas. It will add 3,000 km of new optic fiber in the region to take its fiber footprint to 16,000 km, which will support the growth of high-speed data services.
The independent drive tests conducted by the Telecom Regulatory Authority of India (TRAI) in four cities delivered poor results. The tests were conducted in Indore, Bhubaneshwar, Mysore and Nagpur.
The leading telecom operator Bharti Airtel has moved to the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) against TRAI’s show cause notice. The telco is challenging the telecom regulator TRAI’s recent show cause notice which asked Airtel to share details of non-transparent and discriminatory tariffs that it has allegedly offered consumers.
While Reliance Communication (RCom) is in legal trouble over its proposed sale of its asset to RJio to pay its debt, Sistema JFSC has offered $1.2 billion (Rs 7,800 crore) to buy its remaining assets; this is part from $300 million that Reliance Communications owes Sistema.
To expand network in 2018-19, the state-owned Bharat Sanchar Nigam Ltd (BSNL) has decided to invest about Rs 4,300 crore, according to its Chairman and Managing Director Anupam Shrivastava. Apart from it, the telco will also invest Rs 5,000-6,000 crore in government telecom projects.
According to the Telecom Performance Report released recently by the Telecom Regulatory Authority of India (TRAI), the mobile subscriber base in the country has come down to 115.19 crore at the end of January 2018 from 1,16.74 crore at the end of December 2017.
To guide the youth in their better career choices, the leading telco Vodafone has hired a team of specialist psychologists, careers advisers and training providers to develop a smartphone-based service - called the Future Jobs Finder.
No right click