In what would set the tone right for the forthcoming JioPhone, Reliance Jio added over six million customers in the month of June, taking the total number of subscribers to 12.3 crore. At the end of June 30, the company's market share reportedly stood at 10.39 percent, which comes as an improvement over April figures when the operator stood at 9.58 percent.
Bharti Airtel and Vodafone were at the top of the list of operators whose mobile towers were found violating radiation norms in an audit conducted by the telecom department, Parliament was informed today. "During the audit carried out by TERM Cells, total 284 numbers of BTSs installed on various mobile towers by various TSPs have been found exceeding the prescribed EMF radiation limits as on June 30, 2017," telecom minister Manoj Sinha said in a written reply to the Lok Sabha.
Soon after the malware attack on BSNL, state run Mahanagar Telephone Nigam Ltd (MTNL) has also become a victim of a similar attack in Delhi. The malware reportedly impacted over 10,000 users, including enterprises, and disrupted broadband services. The company says that the situation is under control and users have been advised to take precautionary measures.
The Indian telecom market could be moving towards a four-operator market over the next three years, according to a report by CCS Insight. The report titled Halcyon days ahead in a four-operator market elaborates on how the telecom industry in India is struggling right now with huge debts. CCS Insight points out how the consolidation process in the telecom sector is increasing and possible mergers and acquisitions that could take place.
State-owned telecom corporation Mahanagar Telephone Nigam Ltd (MTNL) today said it expects to repay about Rs 125 crore of debt before June-end.
The much-awaited meeting between the government and the telecom companies to evolve a resolution to the stressed health of the sector was held.
Telecom customer base grew by about half a percent to 119.45 crore in March led by Reliance Jio and continued growth in fixed line connections. "The number of telephone subscribers in India increased from 1,188.55 million at the end of February 2017 to 1,194.58 million at the end of March 2017, thereby showing a monthly growth rate of 0.51 percent," the Telecom Regulatory Authority of India said in monthly subscriber report.
State-owned telecom firm MTNL is looking to convert nearly 50 percent of its fixed line users into broadband subscribers over the next 18 months, as part of plans to increase revenue and retain customers. At present, nearly 34 percent of its fixed line customers are also its broadband subscribers.
The merger of BSNL and MTNL is "desirable" for operational synergy and even the fiercely- competitive telecom market necessitates such a combination for a stronger pan-India play, a top MTNL official has said. The comment comes amid what seems to be a renewed push for BSNL-MTNL merger with a Parliamentary panel report recently noting that the Telecom Department plans to place the merger proposal before the Cabinet by June.
Loss making state-owned telecom firm MTNL has approached the government with a proposal to monetize surplus land and reduce debt. The debt laden company says it has up to Rs 5,000 crore worth of real estate that can be monetized readily.
With Reliance Jio Prime Membership program expiring today, rival telecom operators have introduced new data plans to woo subscribers. While Idea today launched a '1GB of 4G data per day' plan, state run telcos MTNL and BSNL have also joined the bandwagon. MTNL is now offering 2GB of 3G data per day for Rs 319. The plan is available from April 1. BSNL, on the other hand, is offering 10GB of data under an Unlimited Broadband at Rs 249 plan.
Joining the tariff war, state-run MTNL will offer 2GB of 3G data per day and unlimited calling within its network for Rs 319 from April 1.
State-owned Mahanagar Telephone Nigam Ltd (MTNL) plans to invest Rs 400 crore for installing and commissioning 1,800 mobile towers over the next 8-10 months to improve coverage and data speeds for its subscribers. The loss-making telecom corporation said it has lined up the financing for the project from banks.
The Department of Telecom is planning to place merger proposal of loss making public sector firms BSNL and MTNL before the Cabinet by June, as per a parliamentary panel report.
A Parliamentary panel has suggested merger of state-run telecom firms BSNL and MTNL for their long-term survival. The Committee on Petitions, chaired by BJP MP Bhagat Singh Koshyari, in its report tabled in Lok Sabha today, said that it is of the "considered opinion that for the long-term survival and success, merger of MTNL and BSNL would be a good proposition..."MTNL and BSNL would be a good proposition..."
Shares of MTNL today zoomed 16 percent, adding Rs 221 crore to its market valuation, following reports of a renewed discussion of its merger with BSNL. The stock soared 16.04 percent to end at Rs 26.05 on BSE. During the day, it jumped 18 percent to Rs 26.50 -- its 52-week high. At NSE, shares of the company surged 15.52 per cent to close at Rs 26.05. Led by the sharp rally in the stock, the company's market valuation rose by Rs 221.15 crore to Rs 1,641.15 crore.
P K Purwar was today appointed Chairman and Managing Director of state-run telecom major Mahanagar Telephone Nigam Limited (MTNL). The Appointments Committee of the Cabinet has approved his appointment to the post for five years, an official order said. Purwar is currently working as Director (Finance) in MTNL, which has been without a full-time CMD since May 31, 2014, following superannuation of A K Garg.
The state-owned MTNL incurred a loss of Rs 2,005.7 crore in 2015-16 and is exploring the option of monetization of its assets that may improve its revenue, the Lok Sabha was informed today. "MTNL is exploring the monetization of its assets which may contribute to its revenue," Communications Minister Manoj Sinha said in a written reply.
With its ambitious Wi-Fi project in Connaught Place and Khan Market losing popularity due to poor connectivity, New Delhi Municipal Council (NDMC) has now tied up with MTNL in a fresh attempt at offering free internet connectivity in its areas. NDMC had partnered with Tata Teleservices in 2014 to provide the service in inner and outer circles of Connaught Place, one of the significant business and leisure centers in the city.
State-run telecom firm MTNL today reported a standalone net loss of Rs 768.32 crore for the quarter ended on September 30, 2016, against that of Rs 730.35 crore in the same period a year ago. Net revenue from operations declined to Rs 729.2 crore during the said quarter from Rs 774.18 crore in the corresponding period of 2015-16.