telecom sector

Telecom Italia's CEO, Pietro Labriola, backs Poste Italiane's bid to acquire the company. He believes consolidation is vital for Europe's telecom industry. The deal aims to create a stronger domestic platform. This move aligns with government policy for strategic infrastructure. The combined entity expects significant revenue and cost savings. Investors will evaluate the offer's fairness.

Gross revenue of the telecom sector in 2016-17 was Rs 2.65 lakh crore, which had reduced to Rs 2.46 lakh crore a year later and then to Rs 2.24 lakh crore in 2018-19, Prasad said in a written reply to a question in the Lok Sabha.

India's telecom industry is expected to generate 40 lakh new jobs in the next five years, spurred by growing potential in rural markets and rising Internet penetration, say experts.

The cumulative foreign direct investment in the country's telecom sector over period of around 11 years crossed USD 12,400 million in September 2011, an annual report of department of telecom released today said.

According to a CIEL HR report, since last year the telecom sector has already lost around 40,000 jobs and the trend is likely to continue for the next six-nine months, with the total figure expected to reach 80,000-90,000.

SBI chairman Rajnish Kumar said risks in telecom sector have ebbed considerably from a few months ago. He said that although banks have got burnt in their exposure to telecom, SBI had the capacity to absorb any losses.

Whether it's a slowdown or recovery, India's telecom story is always shining. The telecom sector's contribution to the exchequer is growing exponentially.

The package was cleared by the Cabinet today based on the recommendations of the Inter-Ministerial Group (IMG) on the telecom sector.

The government has constituted a committee of secretaries to explore a financial bailout package for the telecom sector by lowering spectrum charges as well as ending the era of free mobile phone calls and dirt cheap data as companies look at the government for avoiding payment of thousands of crores of rupees in overdue statutory levies.

The telecom sector is still on hold. Telecom manufacturers are yet to come to terms with a painful jam in recovery and service-providers continue to suffer in absence of new growth.

The telecom sector will create 8.6 million jobs in the next five years in our country, CEO of telecom sector Skill Council (TSSC), S P Kochhar, said here on Thursday.

Telecom czar Sunil Bharti Mittal on Friday made a strong pitch for lowering the high taxes and levies on the telecom sector, saying the government should not view it as a source for the exchequer, but rather as a "force multiplier" for ensuring economic momentum.

telecom sector attracted over $4 billion worth foreign direct investments in nearly two years since April 2014, telecom minister Ravi Shankar Prasad said. He said FDI equity inflow in telecom sector from April 2014 to February 2016, has reached $4,091 million, which is over Rs 26,000 crore.

Communications minister Ravi Shankar Prasad has sought a 25% cut in the licence fee and a cut in GST rate from 18% to 12% in the budget for the beleaguered telecom sector. The GST cut can help lower the monthly mobile bill of consumers, but the decision falls in the GST council's domain. The govt's thrust is on expanding Digital India through cheaper tariffs.

Industry body COAI on Thursday said the Supreme Court ruling on the telecom sector revenue definition will deal a "disastrous blow" to the industry, given its precarious financial condition.

Gujarat Narmada Valley Fertilizers and Chemicals (GNVFC) has received a demand notice from the telecom department for payment of outstanding dues worth Rs 15,019 crore by January 23, 2020.

The seminal reforms announced by the government for the telecom sector will help preserve cash flows and enable the industry to drive investments, Airtel CEO Gopal Vittal said on Wednesday.

International Women’s Day is an opportunity to recognize and appreciate the contributions of women in all fields, including the fast-paced and ever-changing world of technology. The telecom sector, in particular, has witnessed a surge in the number of women working in the industry. However, despite progress, gender inequality still exists, and it is crucial to work towards a more inclusive and equitable environment for women in tech. The telecom industry is an essential sector in today's world, providing the backbone for modern communication and connectivity. As technology continues to advance, the demand for skilled professionals in the telecom sector is increasing. Women are essential for meeting this demand and bringing diverse perspectives and ideas to the table.

Despite several representations from the telecom sector, which boasts of low tariffs and faithfully passes on benefits to consumers, the FM appears to have ignored its demands for a more rational taxation structure.

NEW DELHI: If the Economic Survey is anything to go by, the telecom sector can look forward to greater competition and lower prices.

Once India’s golden goose in the job market, the telecom sector is set to lose its ability to attract and retain talent as it faces dues of over Rs 92,000 crore in recovery of adjusted gross revenue (AGR) by the Supreme Court.

India in 2019 emerged as the nation with the cheapest telecom tariff in the world. But below the surface, a price war since the 2016 launch of Jio had ringed the sector hallow. Then came SC's order in Oct to pay dues, following which Vodafone-Idea warned of shut down if no relief is given. Industry experts have now pinned their hopes on fixation of floor price.

Speaking at the inaugural session of India Mobile Congress 2018, Sunil Mittal who is the Chairman of telecom major Bharti Airtel, rued that the telecom sector remains highly taxed just like the tobacco industry, when it is contributing to India's digital aspirations.

Uncertainty in the telecom sector, especially over fresh M&A norms has prompted the Competition Commission of India (CCI) to advise the DoT “to evolve a suitable consultation mechanism involving the CCI and the DoT so as to provide regulatory certainty to the businesses” .

Telecom regulator Trai has found that despite a three-year run in the telecom sector, new entrants have failed to make any competitive impact.

Representatives from the industry met telecom ministry officials to communicate their suggestions to help the debt-ridden sector. The DoT, which has given time till Tuesday to send in written recommendations, will compile these demands and send them to the finance ministry for consideration in the forthcoming Budget.