4G SUBSCRIPTIONS
Telco revenues surged to Rs 2.3 lakh crore in FY24: CLSA
The Indian telecom industry's gross revenue surged 87% to Rs 2.39 lakh crore in FY24, driven by the launch of services by Reliance Jio. Jio and Bharti Airtel gained subscribers at the expense of Vodafone Idea. The two top telcos now control 78% of sectoral revenue, expected to rise to 83% by FY26. Vi's revenue market share fell to 15.7%, while Airtel and Jio saw revenue growth, with Jio leading at 41.4% RMS.
Telecom sector revenue surges 87% to Rs 2.4 lk cr in FY24: Report
Telecom sector revenue in FY24 reached Rs 2,39,900 crore ($29 billion), an 87% increase from its FY19 low following Reliance Jio's market entry and about 40% higher than FY16 figures, according to a CLSA report. This surge reflects the continuing subscriber gains by Jio and Airtel at Vodafone Idea's expense, with Jio and Airtel now controlling 78% of the sector's revenue combined, a figure CLSA expects to rise to 83% by FY26.
Prioritise 6 GHz spectrum for 5G, roll out fair share data network usage norm: COAI to government
COAI emphasizes the need for massive spectrum resources like Bharat 6G Alliance and Vision for 6G innovations and deployment.
Best 5G Mobile Phones in India - 2024
Discover the cutting-edge world of 5G mobile phones in India with our latest collection. From lightning-fast connectivity to advanced features, our range of 5G smartphones promises to revolutionize the way you experience technology. Stay ahead of the curve and explore the future of mobile communication with our unparalleled selection of 5G devices.
Ericsson mulls telecom equipment export from India in future; expects 5G use cases to emerge locally
Ericsson India Managing Director Nitin Bansal, at a company's event to showcase 5G technology, said the company is actively engaging with academia, partners, and ecosystem players to develop relevant India-specific use cases.
India needs Rs 4.2 lakh cr investment to connect 24 cr households with broadband by 2030
According to the break-up provided by Prashant Singhal, fibre deployment will need investments in the range of Rs 2.7-3 lakh crore, passive infrastructure Rs 90,000-96,000 crore, WiFi and in-building solutions Rs 6,600-Rs 9,000 crore, data centres Rs 9,700-Rs 14,100 crore and satellite broadband services Rs 26,000-29,000 crore.
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5.5 lakh retail investors buy Vodafone Idea shares in Q4
Vodafone Idea's retail investor shareholding surged by 55 lakh post FPO. Individual investor stake reached 6.17%. Mutual funds stake dropped to 2.06%. Company updated exchanges on shareholding. Telecom operator successfully raised Rs 18,000 crore.
Vodafone Idea FPO sees sluggish response even on Day 2. Check subscription and other details
Vodafone Idea's FPO sees slow response. Uncertainty around profitability and debt reduction persists. VI is the third largest telco in India based on subscriber base.
Vodafone Idea gets muted response for its Rs 18,000 crore FPO on Day 1
Vodafone Idea's FPO had a 26% subscription rate. Vi raised Rs 5,000 crore from 60 anchor investors. Analysts warn about profitability uncertainty and caution retail investors. The company aims to enhance its network infrastructure and roll out 5G services.
Vodafone Idea shares fall 4% ahead of FPO launch
Additionally, the company will allocate Rs 2,175 crore for the payment of certain deferred payments for spectrum to the Department of Telecommunications (DoT) and the Goods and Services Tax (GST). The remaining amount will be allocated for general corporate purposes.
Bharti Hexacom IPO opens for subscription. Should you bid?
Bharti Hexacom's IPO, with strong parentage and brand, is priced at Rs 542-570 per share. Analysts recommend subscribing to the Rs 4,275 crore issue as it is available at a reasonable valuation. The company offers 5G plus services and operates in Rajasthan and the Northeast circles.
Bharti Hexacom's Rs 4,275 crore IPO opens today. What GMP indicates ahead of subscription
Sunil Mittal-driven telco Bharti Airtel holds a 70% stake or 35 crore shares and the remaining 30% shareholding, equivalent to 15 crore equity shares is held by non-promoter TCIL.
Bharat Highways Invit IPO: Check subscription on Day 3 and other details
The issue subscription stood at 2.8 times so far on Day 3 as the IPO received bids for 29.4 crore units as against 10.3 crore units on offer. The net proceeds from the issue will be utilised for providing loans to SPVs and for other general corporate purposes.
New kid on the block! Should you invest in manufacturing theme-based mutual funds?
Mutual funds focused on the manufacturing sector offer investment opportunities to align portfolios with India's growth narrative. These funds invest in sectors like automobiles, pharmaceuticals, technology, cement, petroleum products, and industrial products. However, diversification and risk assessment are crucial when investing in these funds. At present, there are only five schemes which predominantly invest in manufacturing stocks.
UTI Mutual Fund launches two passive debt funds; should you invest?
The minimum initial investment amount in both the schemes during NFO period is Rs 5,000 and in multiples of Re 1 thereafter. Subsequent minimum investment amount is Rs 1,000 and in multiples of Re 1 thereafter.
Airtel, Jio prepaid plans with free Netflix subscription
Both Bharti Airtel and Reliance Jio offer Netflix subscription with few selected plans. Read to know more.
Samsung might ditch curved screen on Galaxy S24 Ultra 5G for flatter one: Report
The device is expected to have a 5,000mAh battery with 45W wired and wireless charging.
Mobile broadband user base inches up to 839 million
The scenario underlines the challenges for telcos to entice featurephone users to upgrade to pricier plans that offer higher margins. Industry executives and analysts are, however, optimistic that the growth in 4G subscriptions will continue during the festive season and the rest of the financial year thanks to stable tariffs and fall in 4G handset prices.
Mobile data rev likely to grow over 8% CAGR FROM 2022-27: GlobalData
Mobile data service revenue in India is predicted to grow at a CAGR of 8.1% between 2022 and 2027, while mobile voice revenue is expected to decline due to the increasing use of over-the-top (OTT) communication platforms, according to GlobalData. The total revenue from telecom and pay-TV services is forecasted to increase at a CAGR of 3.1% from $42.3 billion in 2022 to $44.9 billion in 2027, driven by mobile data and fixed broadband segments.
Get ready for October 2023 with PS Plus Extra Games: File sizes unmasked
In October 2023, PlayStation Plus members can anticipate exciting additional games. Discover the revealed file sizes for these extra games, ensuring you're well-prepared for a month of gaming enjoyment.
Jio to focus on 5G monetisation as capex news completion: BoFA
Analysts predict that Reliance Jio will focus on monetizing 5G now that its 5G capital expenditure cycle is nearing completion. However, meaningful monetization of the next-generation telecom technology is still about a year away. Telcos could generate significant incremental revenue by charging more for 5G services through bundling and by growing the market for fixed wireless access (FWA) services.
Yatra Online IPO opens for subscription. Should you bid?
Yatra Online offers a comprehensive range of travel and travel-related products and services catering to the needs of passengers travelling domestically, as well as travelling to and from international destinations.
India leads net mobile subscriber addition globally in June 2023 quarter: Ericsson report
"India accounted for the most net additions during the quarter (+7 million), followed by China (+5 million) and the US (+3 million)," the report said. According to the report, India's mobile subscriber base grew by about 7 million to 1,125 million in the second quarter of 2023. China's mobile subscriber base grew by five million to 1,695 million.
FIR filed against 4B Networks founder Rahul Yadav; Prosus announces org changes, shuffles top deck
Mumbai Police’s Economic Offences Wing (EOW) has registered an FIR against 4B Networks founder Rahul Yadav and senior executive Sanjay Saini for allegedly cheating an advertising firm of more than Rs 10 crore.
SME IPO: Kore Digital issue opens for subscription. 8 key things to know
Maharashtra-based passive telecom infrastructure provider, Kore Digital's initial share sale opened on Friday with a price band of INR 180. This IPO is a fresh issue of up to 10 lakh equity shares of face value INR 10 each, aiming to raise around INR 18 crore. The net proceeds will be used to meet working capital requirements, investment in strategic acquisition, and other general corporate expenses. The allotment will be on June 12th and the shares will be listed on NSE Emerge on June 15th.
Mankind Pharma IPO opens for subscription today: Should you bid?
Indian pharma giant Mankind Pharma has launched its initial public offering (IPO), with around 40 million equity shares available for sale. Analysts have warned that the pricing, around 32-33 times the FY23 earnings, is a little higher than average. ICICI Direct has nevertheless issued a "subscribe" recommendation, pointing to the company's strong foothold in affordable product offerings and experiencing EBITDA growth despite input costs, but added that the valuations were "not really cheap".
Avalon Technologies IPO opens for subscription today. Should you bid?
Avalon Technologies is one of the leading fully integrated electronic manufacturing services (EMS) companies with end-to-end operations in delivering box build solutions in India. The company provides a full stack product and solution suite, from printed circuit board design and assembly to the manufacturing of complete electronic systems.
More than half of mobile connections in India to be 5G by 2028, says Ericsson report
The report estimates that there will be five billion 5G subscriptions globally, accounting for 55 percent of all subscriptions by the end of 2028.
Ericsson scaling up Pune manufacturing facility to meet India 5G gear requirement: India head
Ericsson recently bagged 5G network deals from both Reliance Jio and Bharti Airtel and is already helping them deploy their networks. Both telcos will launch their respective 5G services ahead of the Diwali festival.
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