India telecom sector News

The ‘Draft Telecommunication bill was brought on 9th September 2022 The last date for submission of written comments has been extended till 18th November 2022. Counter comments, if any, may also be submitted by 2nd December 2022.

Balesh Sharma said operating margins are on an upward trajectory now but declined to give a target.

The proposed National Telecom Policy (NTP) 2018 will be placed for public comments for 15-20 days.

Telecom Secretary Aruna Sundararajan agrees that a lot more needs to be done in telecom sector.

The decision of the Cabinet headed by Prime Minister Narendra Modi came after a majority of telecom companies flagged their concerns over severe financial stress facing the sector due to intense competition unleashed by Reliance Jio's rock-bottom tariffs.

Facing the axe are between 20,000-25,000 direct jobs, many of which will be due to planned mergers between incumbent players.

The GSM subscriber base rose by 0.90 percent to 711.55 million in April with mobile operators adding 6.35 million users during the month, industry body COAI said on Friday.

The government's telecom spectrum auction kitty on Friday declined to Rs 1.05 lakh crore with provisional allocation of 88 percent airwaves at the end of day 15.

India Ratings and Research today said it has maintained a stable outlook on the telecom sector for next financial year on market consolidation leading to better pricing power and improved financial profiles of operators.

The government is trying to achieve full MNP by March 2015.

There were 72.68 crore GSM users at the end of April, the COAI said.