Eircom has said that its revenues has fallen 6 per cent to _361 million during the quarter from October to December, 2012. The company said that the earnings for the month fell 8 per cent to _119 million and its operating costs fell _157 million, which is lower 7 per cent over the previous year due to company's efforts to improve savings.
For the benefit of the highly budget-minded customers, T-Mobile has recently announced a new service - dubbed GoSmart Mobile - which enables the users to access low-cost unlimited prepaid plans.
Beginning at $30 per month, T-Mobile's new GoSmart Mobile plans are chiefly aimed at those users who do not want to be locked into a service contract; and want to keep high monthly costs at bay, without making any sacrifices in their mobile usage.
Telecom service provider, Uninor has shut down its operations in the Mumbai telecom circle on Sunday after the Supreme Court of India said in an order that companies whose licenses were cancelled and which did not get their licences renewed to stop operations immediately.
Telecom giant Sistema Shyam Teleservices (SSTL), which offers its services under the MTN brand in India, has said that the latest order by the Supreme Court will not impact its operations in the country.
India's apex court has said that the companies whose permits were cancelled by an order in the previous year and have not been able to get renewed licences, must stop their operations immediately. The apex court had scrapped the validity of all 122 spectrum licenses that were granted to firms during the former communications minister A Raja's time in office.
India's apex court, the Supreme Court of India has said that the companies whose permits were cancelled by an order in the previous year and have not been able to get renewed licences, must stop their operations immediately.
According to a new Juniper Research report, the attempts which bigwig US wireless network operators, like Verizon Wireless and AT&T, are making to expand their Long Term Evolution (LTE) networks will yield high returns in the coming years.
As per the Juniper report, despite the fact that LTE deployment involves heavy investment, and carriers need to attach value to it for consumers, future payoff is evidently there for the US wireless networks.
Largest telecom service provider in India, Bharti Airtel has acquired the entire stake of Alcatel-Lucent in the joint venture between the two companies.
The joint venture firm, Network Service India manages the fixed-line and broadband networks of Airtel. Bharti said in a statement that it has adopted a new business model for managing its fixed line and DSL broadband networks on the lines of Indus Towers.
India's leading telecom service provider, Bharti Airtel has said that it is planning to acquire the entire stake of Alcatel-Lucent in their joint venture.
In a noteworthy move which apparently indicates the beginning of a new era for popular video platform Twitch, the company said in a Monday announcement that it intends launching a Twitch Turbo subscription service, at a $9 monthly premium, to offer its users a better experience when they are watching its programming.
Bharti Airtel on Friday reported a whopping 72 per cent fall in net profit for the October to December quarter, mainly due to foreign exchange losses and higher financing costs.
The India's largest telecom company said its pocketed net profit of Rs 284 crore during the quarter ended December 31, against a net profit of Rs 1,011 crore in the corresponding period of the previous fiscal.
UK's telecommunication giant, BT Group has said that it has recorded an increase of 7 per cent in Profit before tax to £675 million during the quarter from October from December.
BT said in a statement published on its website that it had recorded a Profit before tax of £632 million during the same period of the previous year. The rise in profits comes as the company recorded tighter spending controls and strong demand for broadband connections.
Indian telecom service provider, Idea Cellular has recorded an increase of 14 per cent in net profit to Rs 228.6 crore during the third quarter of the financial year.
The company also said that its revenues increased 10.7 per cent to Rs 5578.5 crore during the third quarter from October to December, 2012 compared to the same quarter of the previous year. The company said that its profits did not rise as per expectations due to higher operating expenditure and increase in tax outflows.
India's union Finance Minister P. Chidambaram has said that the case involving tax dues of telecom giant, Vodafone and the country's tax authorities is likely to be resolved as the two sides continue to hold discussions on the matter.
Chidambaram said, "I'm sure some way will emerge out of these discussions. I will be very happy if we could find a resolution to the issue, put it behind us and move on. I think Vodafone is of the same view, so both government and Vodafone are keen to resolve the matter and I am confident we can resolve it."
Reliance Communications, the third largest telecom service provider in India, has said that its net profit has risen to Rs 105 crore in the third quarter of the financial year.
The company, which is a unit of the multimillion dollar Reliance group, had reported a consolidated net profit of Rs 102 crore during the previous quarter. The company's consolidated income from operations increased 2 per cent to Rs 5,136 crore during the quarter from October to December on a quarterly basis.
India's leading telecom service provider, Bharti Airtel has increased the voice calling prices in the country in order to cope with the increased costs.
Bharti Airtel said in a statement on Wednesday that increase in prices is in line with the increased costs. "We have been reiterating that increase in prices is inevitable, which is reflected from the fact that despite rising costs, tariffs have been falling over the past 12 quarters," the statement said.
The Telecom & Information Technology (IT) ministry has sought changes in the import duty structure for import of telecom & IT components in order to provide a boost to domestic manufacturing of these components, Kapil Sibal has revealed.
Telecom & IT minister Kapil Sibal said that zero duty on imports of IT components makes it cheaper to import these components from foreign countries rather than manufacturing them in the country.
In the wake of the fact that the usage of 4G LTE mobile technology has skyrocketed in the three years of its existence, a new report by market research firm IHS iSuppli has projected that the number of worldwide users of LTE will witness a more than two-fold increase - surpassing the 100 million mark - in 2013; and will probably touch over 1 billion subscribers by 2016.
New Delhi, Jan 23 : Telecom major Bharti Airtel Wednesday said it has reduced promotional benefits and free minutes offered to users while maintaining the headline tariff.
"In most circles we have reduced promotional benefits and free minutes on both acquisition and existing usage," a company spokesperson said here.
"There is no change in the headline tariff. We are committed to enhance value for our customers through continued investments in network, technology, customer experience and life enriching services."
The move is being seen in the light of increase in costs.
Authorities have opened the country's first laboratory for testing and measuring mobile phone radiation that is located at the Telecommunication Engineering Centre (TEC) in New Delhi.
The government has stated that the new mobile phones devices in the country, which are manufactured domestically or imported from other countries, will have to be compatible with strict radiation norms from September, 2013. It will become mandatory for the manufacturers t display the radiation level of the device on the handsets sold to the people in India.
Stock in Reliance Communications (RCom) gained as much as 7 per cent on Monday, after CLSA said that several catalysts like a tower/infrastructure-sharing deal with Reliance Industries could help Reliance Communications to unlock value.
A tower-sharing deal for 4G rollout is expected to be a win-win deal for both companies as RIL will get the much-required towers at a cheaper cost than installing its own, while RCom will be able to clean up its debt-riddled balance sheet.
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