• Collapse of telecom, aviation sectors to cost thousands of jobs: PC
    NEW DELHI, JULY 30 (IANS): Former Union Finance Minister P. Chidambaram has hit out at the government over the looming economic crisis in the country and warned that collapse of the telecom and aviation sectors will cost thousands of jobs. "Millions have lost their jobs or livelihood in the last 12 months. The collapse of two major industries - telecom and aviation - will cost many more thousands of direct and indirect jobs," Chidambaram said in a statement. The Congres
  • Huawei loses as 'trusted vendors' walk away with 5G contracts
    NEW DELHI, JUNE 25 (IANS): Some coordinated action is in evidence from Singapore to Croatia as Chinese telecom company, Huawei loses out on 5G contracts following pressure from the US.   US Secretary of State Mike Pompeo on Wednesday said: "The tide is turning toward trusted 5G vendors and away from Huawei." Bangkok Post reported on Thursday that Nokia and Ericsson have been chosen as Singapore's main 5G network providers, telecom operators said, leaving Huawei
  • AGR hearing: Vodafone tells SC it's barely afloat
    NEW DELHI, JUNE 18 (IANS): The Supreme Court on Thursday during the adjusted gross revenue (AGR) hearing was told that the Vodafone Idea was barely managing remain afloat as the top court questioned the company's worth in assets.   "We are barely afloat, and only way is to earn and pay," said Vodafone.   A bench comprising Justices Arun Mishra, S. Abdul Nazeer and M.R. Shah queried Vodafone in connection with provisions in its books for contingent li
  • Global investors reached conclusion that RJio is king of Indian Telecom: Bernstein
    NEW DELHI, JUNE 17 (IANS): Reliance Industries Limited (RIL) has monetized 22.4 of Jio Platforms and raised Rs 1.04 lakh crore and international investors have reached the conclusion that Reliance Jio is the new king of Indian Telecommunications, according to a research by brokerage firm, Bernstein.   "At our last model update in December, we proclaimed Reliance Jio the new King of Indian Telecommunications. Since then, we have seen a multitude of international investor
  • Global 5G subscription to cross 190mn by end of 2020: Ericsson
    NEW DELHI, JUNE 16 (IANS): The global number of 5G subscriptions will surpass 190 million by the end of 2020 and 2.8 billion by the end of 2025, according to a forecast by Swedish telecom gear maker Ericsson on Tuesday.   In India, 5G will represent around 18 per cent of mobile subscriptions at the end of 2025, according to the latest Ericsson Mobility Report.   The report said that the number of smartphone subscriptions in India increased to 620 million in 2019 a
  • AGR case: Don't even have enough money to pay our employees, Vodafone tells SC
    NEW DELHI, JUNE 11 (IANS): Vodafone Idea on Thursday told the Supreme Court that the total demand of adjusted gross revenue (AGR) dues it faces is Rs 50,000 crore, plus the interest and the penalty, but currently, the telecom company does not even have enough money to pay salaries to its employees and meet its expenses.   Senior advocate Mukul Rohatgi, representing Vodafone Idea, told a bench of Justices Arun Mishra, S. Abdul Nazeer and M.R. Shah, that: "Total demand of
  • Bharti Telecom to sell $1 bn stake in Airtel through block deal
    NEW DELHI, MAY 25 (ians): Bharti Telecom is selling upto $1 billion of its shares in Bharti Airtel through a secondary market block deal on Tuesday.   Bharti Telecom is the holding company of Bharti Airtel. Bharti Telecom holds 38.79 per cent equity stake in Bharti Airtel which will reduce by upto 2.75 per cent after the block deal. The total promoter shareholding as per exchange data is listed at 58.98 per cent.   Singapore Telecom is a strategic partner with Bha