Telecom Sector

Huawei has open mind about IPO

Huawei has open mind about IPOChina's largest telecommunications equipment manufacturer, Huawei Technologies has said that it has an open mind about an Initial Public Offering (IPO).

The remarks about confidence over the issue of share to the public were made after the company reported sales that surpassed that of Ericsson AB. Chief Financial Officer Cathy Meng Wanzhou said that the company is not looking to raise funds at the moment and the IPO would depend upon the level of investor interest in the company's shares.

Bharti Airtel increases 2G data prices

Bharti Airtel increases 2G data pricesIndia's leading telecom service provider, Bharti Airtel has increased its 2G data rates in the country in order to cope with the high cost of obtaining licence and related infrastructure costs.

The company increased its 1GB 2G data by 25 percent to Rs. 125. The plan was earlier priced below Rs. 100 in the country. The company said that he increase in tariff is relating to rate elasticity, customer demand and supporting cost structures.

Second round of spectrum auction expected to generate Rs 25,000 crore

Second round of spectrum auction expected to generate Rs 25,000 croreThe next round of spectrum sale which will be held before March 2013, and it generate nearly Rs 25,000 crore for the Government according to the Department of Telecom's (DoT's) new auction plan.

The DoT has plans to put around 24 slots of spectrum on sale. Of 24 slots those, 12 will be in the 1800 MHz bands and the remaining will be in the 900 MHz bands.

EGoM slashes 2G reserve price by 30% in four key circles

EGoM slashes 2G reserve price by 30% in four key circles The empowered group of ministers (EGoM) on Friday slashed the reserve price for 2G spectrum auction by 30 per cent in the 1800 MHz band, in order to receive more bids for the next auction.

The EGoM slashed the reserve price for the spectrum in four key circles, viz. Delhi, Mumbai, Rajasthan and Karnataka, where no company had placed bids due to high reserve price.

Telenor aims to break even in its core six circles by next year’s end

Telenor aims to break even in its core six circles by next year’s endNorwegian telecommunications firm Telenor on Thursday announced its first break even in India in East Uttar Pradesh, and also expressed hope that it would be able to break even in its core six circles by the end of 2013.

In its Uttar Pradesh (East) circle, Telenor operations achieved 18 paise per minute cost structure, which is in line with its rival operators.

Bharti Infratel’s IPO expected to generate up to Rs 4,500 crore

Bharti Infratel’s IPO expected to generate up to Rs 4,500 crore Sunil Mittal-led Bharti Infratel Ltd is expected to pocket nearly Rs 4,530 crore from its newly announced initial public offer (IPO), for which the company has set a price band of Rs 210 to Rs 240 per share.

Bharti Infratel will offload its 10 per cent share, or sell 188.9 million shares, through the IPO. For retail investors, the issue will be launched on 11th of December and close on 14th of the same month. For anchor investors, it will be launched a day earlier - 10th of December.

Too high reserve price for 2G spectrum was a mistake: Montek Singh Ahluwalia

Too high reserve price for 2G spectrum was a mistake: Montek Singh AhluwaliaFixing high reserve price for 2G spectrum auction that took place last week was a mistake, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.

The government had fixed Rs 14,000 crore as the base price for the recently held 2G spectrum auction, which could only raise Rs 9,407 crore, against the government's target of Rs
40,000 crore.

Supreme Court chides govt. taking 2G spectrum auction casually

Supreme Court chides govt. taking 2G spectrum auction casually The Supreme Court of India on Monday chided the government over its casual approach in 2G spectrum auction.

The apex court objected to the government's action of delegating a subordinate rank officer for filing affidavits on its behalf. The court turned down the government's reply to its query why it failed to auction the whole telecom spectrum, and said that affidavits should have been filed by secretary of the telecom ministry.

Sprint to turn on its 4G LTE network in 9 more US cities in coming months

Sprint to turn on its 4G LTE network in 9 more US cities in coming monthsIn an earlier-this-week announcement, Sprint revealed that its high-speed 4G LTE network will become operational in nine more US cities in the coming months. The carrier started the official rollout of its super-fast network, initially with 15 US cities, in July this year.

Vodafone India reports 13.3% rise in revenue for first half of current fiscal

Vodafone India reports 13.3% rise in revenue for first half of current fiscalThe Indian arm of telecommunications giant Vodafone announced on Wednesday that its revenue grew more than 13 per cent year-on-year in the first six months of the current fiscal year, but the company is yet to report a profit.

Vodafone India said its revenue grew 13.3 per cent to Rs 17,580 crore in the six months ended September 30, as compared with Rs 15,510 crore in the corresponding period previous fiscal.

2G spectrum auction fetches just Rs 9,407 crore

2G spectrum auction fetches just Rs 9,407 croreThe 2G spectrum auction could generate only Rs 9,407.64 crore in revenue for the government, considerably down from the government's target of Rs 40,000 crore.

Idea and Videocon bagged spectrum in seven telecom circles, Telenor in six telecom circles, while each of Airtel and Vodafone could won spectrum only in one circle. For the six circles, Telenor agreed to pay a total of Rs 4,018 crore. A third of the total amount of money will have to be paid up-front, and the remaining will have to be paid in 10 equal installments from 2015 to 2024.

China Unicom sets ambitious target of 100 million 3G users by end-2012

China Unicom sets ambitious target of 100 million 3G users by end-2012 With China's second-biggest mobile carrier, China Unicom, apparently set to begin its sales of the newest Apple iPhone - the iPhone 5 - later this year, the carrier is attempting to allure high-end users to increase its profits; and is aiming at a figure of 100 million 3G users by the 2012-end.

China Telecom to start shipping iPhone 5 later this month or early next month

China Telecom to start shipping iPhone 5 later this month or early next month In a recent disclosure marking the imminent arrival of Apple's iPhone 5 in the Chinese markets, Wang Xiaochu - Chairman of the country's third-ranking wireless carrier China Telecom - said that the smartphone will soon be available for Chinese customers.

Revealing that the availability of the iPhone 5 in China is in the offing, Xiaochu said that the shipments of the handsets to the customers will commence either towards the end of November or the beginning of December.

AT&T to upgrade its networks in next 3 years with $22 billion per year spending boost

AT&T to upgrade its networks in next 3 years with $22 billion per year spending boostAccording to a Wednesday statement by bigwig US wireless carrier AT&T, a 16 percent increase in annual capital spending - to a massive $22 billion per year - is being planned by the company for upgrading its networks in the coming three-year period.

Reliance Communications Ltd reports 60% fall in quarterly net profit

Reliance Communications Ltd reports 60% fall in quarterly net profitReliance Communications Ltd, India's No. 3 mobile phone carrier by subscribers, suffered a larger-than-expected fall in profit in the three months through September as finance charges including interest costs jumped drastically.

The company said that its consolidated net profit fell by 60 per cent to Rs 1.02 billion in the second quarter of current fiscal, from Rs 2.52 billion in the corresponding period of previous year.

Bharti Airtel reports eleventh consecutive decline in quarterly profit

Bharti Airtel reports eleventh consecutive decline in quarterly profitThe combination of higher costs and cut-throat competition forced Bharti Airtel to report a decline in profit for the eleventh quarter in a row.

Airtel, the country's leading mobile phone operator, announced on Wednesday that its net profit in the three months ended September 30 this year slipped 30 per cent year-on-year to Rs 721 crore.

Govt. expected to pocket Rs 30k crore from one-time spectrum fee

Govt. expected to pocket Rs 30k crore from one-time spectrum feeThe Government at the Centre can pocket more than Rs 30,927 crore by imposing a one-time charge on spectrum held by all existing mobile phone companies.

However, the Government will realistically be able to pocket just Rs 19,109 crore of the estimated Rs 30,927 crore because the inter-ministerial committee on spectrum has said that the cost of the one-time spectrum fee for state-run BSNL and MTNL would be borne by the government.

AT&T, Verizon deploy stations to help hurricane victims stay connected

AT&T, Verizon deploy stations to help hurricane victims stay connectedIn an attempt to provide some post-Hurricane Sandy assistance to the victims, bigwig US wireless carriers, AT&T and Verizon, have revealed in a recent announcement that they are deploying stations to help provide power and connectivity to people scrambling to Starbucks or banks for charging their devices or for accessing Wi-Fi signals.

Idea Cellular emerges as most aggressive 2G bidder

Idea Cellular emerges as most aggressive 2G bidderDetails released by the Department of Telecom (DoT) has portrayed Aditya Birla Group firm Idea Cellular as the most aggressive bidder for the upcoming 2G spectrum auctions.

Idea Cellular has deposited the highest amount of money for the upcoming spectrum auctions among all bidders. According to the recently released data, Idea Cellular has deposited Rs 1,306.75 crore for 2G spectrum in the 1,800 Mhz band. The figure represents the highest amount deposited by any telco.

Vodafone announces job cuts in Australia

Vodafone announces job cuts in AustraliaUK based global telecom giant, Vodafone is expected to cut hundreds of jobs in the month of November as it faces rising costs and declining revenues.

The company did not announce a fixed number of jobs that will be axed but only said that it is planning to reduce the number of job roles across Australia to have a leaner, more effective operating model for its operations. The company employs 5000 full-time and contract workers in Australia and it is believed that the company might cut about 500 jobs.

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