Telecom articles

Vodafone contests government’s Rs 3,900 cr demand ahead of Idea merger

Vodafone has challenged the government’s demand of Rs 3,900 crore as payment towards non-auctioned spectrum, while working on the merger with Idea Cellular, claiming that was billed nearly 10% more than what was due. While telecom secretary Aruna Sundararajan said the merger process between the two companies is “on track” and awaits a final clearance

China Tower aims to raise up to $8.8 bn in Hong Kong IPO

China Tower, the world’s biggest operator of mobile phone network masts, plans to raise up to $8.8 billion from a Hong Kong listing at a valuation of up to $35 billion, Thomson Reuters publication IFR reported, citing people close to the deal. The company plans to sell about 25 percent of its enlarged share capital

U.S. ban on China’s ZTE forces telecoms to rethink business: sources

The U.S. trade ban on Chinese telecom equipment maker ZTE wreaked havoc at wireless carriers in Europe and South Asia and forced operators worldwide to consider broadening their supply networks, industry sources told Reuters. Disruptions at Russian and emerging markets mobile operator Veon, one of the world’s 10 largest mobile firms by number of customers,

Norway’s Telenor misses Q2 forecast, reiterates focus on cost savings

Norwegian telecoms operator Telenor posted second-quarter results that slightly lagged forecasts on Tuesday, but the company reiterated its outlook and its focus on operational efficiency in its core markets. The company, which exited eastern Europe and India and now focuses on Scandinavia, Southeast Asia, Pakistan and Bangladesh, reported operational spending savings of close to 1

Rising seas could significantly affect the global internet infra: Study

Rising seas could significantly affect the global internet infrastructure, say scientist who found that thousands of miles of buried fibre optic cables in densely populated coastal regions of the US may soon be flooded. The study portrays critical communications infrastructure that could be submerged by rising seas in as soon as 15 years, said Paul

India Telecom Industry – A major contributor to country’s gdp going through challenging times says ASSOCHAM-KPMG Study

Indian Telecom service providers (TSPs) have invested about INR 9,27,000 crore while Foreign Direct Investment (FDI) in the telecom industry has increased from INR 20,000 crore in FY’15-16 to approximately INR 67,000 crore in the first three quarters of FY’16-17, contributing towards building an efficient infrastructure to provide accessible and affordable service to customers, according

MTN’s Dubai unit sells MTN Cyprus for $304 million

Mobile network operator MTN Group Ltd said on Monday its subsidiary MTN Dubai sold MTN Cyprus to Monaco Telecom S.A for 260 million euro ($304 million). The telecoms firm said it would also allow Monaco Telecom to use the MTN brand in Cyprus for up to three years in return for a commercial fee.

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