ERICSSON INDIA MD
Voda Idea says it’s in talks with Ericsson and other network vendors for buying 5G gear, shares jump 12% on BSE
Earlier this week, Ericsson India MD Nitin Bansal had told ET that the Swedish gear maker is hopeful of getting some 4G/5G deals from Vi soon, especially after the beleaguered telco recently raised over Rs 20,000 crore via the equity route.
Ericsson hopeful of securing Vi deals: Nitin Bansal
Ericsson, the Swedish telecommunications equipment manufacturer, anticipates securing 4G/5G contracts from Vodafone Idea (Vi) in the near future, following the recent successful equity raise of over Rs 20,000 crore by the struggling telecom company. Nitin Bansal, Managing Director of Ericsson India, expressed this optimism in an interview with ET. Bansal also mentioned that Ericsson is considering the possibility of exporting its 5G equipment from India.
Telecom firms struggle to monetise amid incomplete 5G rollout
India recently became the fastest 5G rollout nation in the world. The country’s top two carriers, Reliance Jio and Bharti Airtel, have collectively splurged around $25 billion in buying 5G airwaves and launching their next-generation wireless broadband services. Between them, they have 165 million 5G customers. But neither of them has seen any serious monetisation of their 5G businesses even 18 months after they introduced next-gen networks.
Services to users won’t suffer, says Vi after Tata Comm terminates deal
The move to terminate services by TCTS was taken after Vi failed to clear dues of Rs 221.19 crore on time. The beleaguered telco, however, said it will not impact services to its customers as the work will now be insourced.
Non-US multinationals set to join GCC gold rush in India
ANSR, a company that helps Fortune 500 enterprises build, scale, and run GCCs, said at least 125 of the Fortune 500 enterprises have their GCCs in India among multiple MNCs across the globe. Currently 70% of GCC based in India are US and Canadian companies.
Confident that world will learn from India in terms of using 5G for interesting applications: Ericsson India MD
The comments by the top honcho of the company coincides with completion of one year of the launch of 5G telephony services in India, that was announced by Prime Minister Narendra Modi at the IMC 2022 conference held in October last year. The India Mobile Congress-2023 is all set to begin on Friday in New Delhi with the theme of 'Global Digital Innovation'.
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5G will play crucial role in helping India achieve digital inclusion goals: Ericsson MD Nitin Bansal
There is a huge interest for 5G in India. As per the latest Ericsson Mobility Report, 5G subscriptions will reach around 31 million by the end of 2022 and 690 million by the end of 2028.
Ericsson has increased India investments to manufacture 5G gear: MD
The Swedish giant has increased investments in India to manufacture 5G radio equipment as it looks to help Indian telcos deploy networks.
Telecom space set for 5G, to attract Rs 1.5 lakh cr investments in 2023; tariff hikes likely too
Once the poster boy of India's growth story, then a debt-laden segment that saw many players withering away and now riding the wave of reforms as well as big-ticket investments, the telecom sector turned a new chapter in 2022. While the Adani group is yet to unveil its full-fledged plan for the telecom business, Reliance has committed Rs 2 lakh crore investment for rolling out 5G network.
Airtel to launch 5G services later this month
"We are delighted to announce that Airtel will commence roll out of 5G services in August. Our network agreements are finalized and Airtel will work with the best technology partners from across the world to deliver the full benefits of 5G connectivity to our consumers," said Gopal Vittal, MD and CEO, of Airtel.
India-Israel collaboration can advance Industry 4.0 adoption multifold: ETILC Panel
India's Industry 4.0 focus is on utilising Artificial Intelligence, Big Data science, Machine Learning, 3D printing, 5G communication, Internet of Things Drones, Cloud Computing, etc. for increasing the efficacy of manufacturing operations and productivity.
Relief for Twitter; SoftBank bullish on India
Twitter is now in compliance with India’s IT rules, Centre says. Swiggy IPO would give good returns too, SoftBank says. Japan’s TechnoPro acquires Udupi-based Robosoft.
Second COVID wave postpones firms' reopening plans; transition to office plan to be slow, staggered: Experts
Corporate India's return to office plan is likely to be staggered as the pandemic will continue to provide challenges. In a bid to ensure continuity and productive output, companies will have to provide convenient locations, latest technology and allow flexibility in tandem with evolving circumstances, they said.
India needs to immediately allocate spectrum in mid and mmwave band for 5G: Ericsson India MD
“...we have an existing spectrum that can be used to improve the performance of 5g. But for 5G, we also need to have the spectrum in the mid band and the millimeter wave band available...at least at 200 MHz in the mid band and a chunk of 400-800 MHz in the millimeter ban. It will unlock the real potential of 5G,” Nitin Bansal, Managing Director, Ericsson India said during a fireside chat at the ETTelecom 5G Congress virtual event.
Telecom gear makers seek treatment at par with local companies in policies
The government has started giving push to local manufacturing with the help of incentives and it has also put in place preferential market access (PMA) policy in public procurement for Indian companies.
India set to emerge as global 5G gear manufacturing hub
Gear makers said they are hopeful the new PLI scheme will incentivise companies that do higher levels of local value-addition and spend more on research and development (R&D).
5G rollout may be delayed if sectoral health not improved: Industry executives
Mathew Oommen, president networks at Reliance Jio, added that India is far behind in building IP-networks and VoLTE which are two fundamental building blocks for 5G.
Employees are now doubling up as teachers
Cos are encouraging peer learning among staff to imbue agility in their learning and developing initiatives.
Stocks in the news: YES, Bandhan Bank, Titan Company, ONGC and Sobha
Here are a few stocks which may buzz the most in today’s trade.
India's best companies to work for 2017: The complete list
Besides the top 10 best companies to work for, other organisations which ranked 11 to 100 offer up some exemplary human resource practices.
BSNL to install 28,000 mobile sites, start 4G in FY18
Under phase-8 expansion, we are replacing all 2G base stations and old equipment with modern base stations which can provide 3G and 4G services, Chairman and MD Anupam Shrivastava said.
Ericsson to hire 1,000 at Pune plant: Paolo Colella, MD
The Pune plant, being set-up with an initial investment of up to $20 million, will manufacture 2G, 3G and 4G mobile broadband gear along with Microwave products.
I love 'Yellow Chili' because it serves great Indian food, says Wonderchef MD Ravi Saxena
Indian food and The Hunger Games are among the things that whet Wonderchef MD Ravi Saxena's appetite.
CrediHealth, Perfiniti, FolksVagn & Shaadi-e-Khaas: Four start-ups with innovative ideas
The four start-ups featured are part of that rare new ideas group — one has made a biz out of carpooling, while another crowdsources opinion on who’s the best doctor.
Sony India bets on affordable TVs, mobile phones
Sony India's revenues won't be impacted by Vaio's losses as smaller towns with a new range of affordable TVs and mobile phones will be its focus now.
Vodafone ropes in NSN, Ericsson for Project Spring
Vodafone has inked five-year deals with equipment makers NSN and Ericsson as part of its ambitious 'Project Spring' to improve network quality in Europe and emerging markets like India.
Xerox Corp hires 100 key professionals to kickstart growth
In February, Xerox named Rajat Jain as MD with a clear mandate to accelerate growth in India. Local professionals have also replaced expats in four senior positions.
Smartphones lead mobile sales this Diwali
Uptick in smartphone sales shows slow shift in India’s handsets business long dominated by basic, cut-price phones.
Data to comprise 30 pc share of telcos revenue by 2016: Qualcomm
The 3G, 7" display tablet device is powered by Qualcomm's Snapdragon S1 processor and is loaded with 3D and connected GPS navigation interface.
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