NOKIA G21
What clearing vendor dues via equity means for firms
Vodafone Idea's board approved preferential allotment of equity shares to Nokia and Ericsson to clear dues. Vi's vendor ATC Telecom also benefitted from stock market gains. Vi's move to dilute equity for debt repayment is uncommon in listed companies.
Vi expects to clear all vendor dues in FY26, say analysts
According to Vodafone Idea management, proceeds from Rs 18,000 crore FPO and proposed Rs 25,000 crore debt funding would enable telco to also upgrade network, say analysts.
BSNL to award Rs 1,000-crore contract to Nokia, homegrown vendors fume
State-run BSNL is likely to award a Rs 1,000-crore order to Nokia for optical transport network (OTN) equipment and deployment via a local system integrator. Financial bids have been opened, and the advance purchase order is expected to be issued to the successful bidder soon. The contract, part of BSNL's Phase-4 project, involves supplying, installing, and commissioning OTN on a pan-India scale.
Why is India edgy about Israel's war? The threats that loom over India
The ongoing conflict between Israel and Hamas poses several potential threats to the Indian economy. One major concern is the impact on oil prices, as India relies on imports for 85% of its oil needs. Higher oil prices could lead to increased import costs, fuel/fertilizer subsidies, and a weaker rupee, which would affect the country's current account deficit and GDP growth.
Jio ties up $2.2 bln funding from Swedish Export Credit Agency (EKN) for 5G gear buy
“RJIL tied up its first ever Swedish Export Credit Agency (EKN) supported facilities of $2.2 billion equivalent making it the largest cover ever provided by EKN for a deal to a private corporate globally,” the Mukesh Ambani-owned conglomerate said in its annual report for FY23.
Jio likely to sign 5G gear deal with Nokia for $1.7 billion
Reliance Jio Infocomm is set to sign a $1.7bn deal with Nokia this week to purchase 5G network equipment. This follows the $2.1bn worth of equipment ordered by the Indian telecom operator from Ericsson in its attempt to roll out 5G across India this year. The company has already purchased 5G spectrum and plans to invest $25bn in 5G infrastructure, making its standalone mode the sole holder of the 700 MHz band in the country.
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Nokia G22, C32, and C22 launched with up to three days of battery life. Details inside
Nokia claims that the C-series smartphones have improved imaging and durability. Aside from that, Nokia has also unveiled its first smartphone, the Nokia G22, which features repairability at its core, as well as a global collaboration with iFixit.
Nokia changes its iconic logo for the first time in 60 years to signal strategy shift
The new logo comprises five different shapes forming the word NOKIA. The iconic blue color of the old logo has been dropped for a range of colours depending on the use.
Global telecom gear makers scale up investment under government's incentive plan
As per telecom department officials aware of the details, these companies have also chosen to shift the year of their scheme to start from FY22-23, instead of FY21-22, thus forgoing their incentives for the year ended March as it was a precondition to shift timelines. They, however, will be availing much more benefits in the new five-year tenure of the scheme due to increased production, the officials said.
Fundraising: VIL board to mull issue of debentures convertible into equity shares to vendor on Oct 21
VIL's larger rivals, Reliance Jio and Bharti Airtel, have drawn up ambitious plans and committed firm timeines for expanding network coverage in India.
How to activate 5G in Airtel, supported devices and more
Airtel 5G Plus is supported on select devices right now, but more devices will be added to the list soon. However, the Apple iPhone and the vast majority of Samsung smartphone users are likely to wait longer.
Some users of Apple, Samsung and OnePlus will not able to access 5G services
Airtel has launched its 5G services in eight cities and soon Reliance will also launch its services in India. Reliance is waiting till Diwali to resolve the problem and upgrade and test the software.
Tata Digital revenue up 3x in FY22; TCS, BSNL close in on $2B deal for 4G
Tata Digital's consolidated revenue also includes businesses such as Croma, Tata Fintech, Tata Technologies and previous BigBasket acquisitions like DailyNinja and Savis Retail.
Xiaomi leads Indian smartphone market with 20 pc share, Samsung in 5G phones in Apr-Jun: Report
CMR report estimates that 5G smartphone shipments grew 7 per cent quarter-on-quarter (QoQ) and a stupendous 163 per cent year-on-year during the April-June 2022 quarter.
Gaming beast Poco F4 GT launched at Rs 50K; Nokia G21 with 3-day battery life starts at Rs 13K: Check out details
Both Poco and Nokia smartphones have been launched in India via e-commerce giants.
HMD Global to ramp up mobile exports from India; keen to source more components locally
While the company is evaluating export of Nokia smartphones that are made in India, it is also interested in expanding the exports of feature phones to cover additional markets, models and customers, Kochhar explained. India is a buzzing market for devices and smartphones, and the government through various schemes and incentives, including a production-linked incentive (PLI), is aiming to bolster local production of electronic items, in order to position the country as a global manufacturing powerhouse.
RIL unit, American firm form joint venture to make telecom gear
RSBVL will hold a 50.1% stake in the JV with Sanmina owning the remaining 49.9%. RSBVL will buy new shares in Sanmina's existing Indian manufacturing entity, Sanmina SCI India (SIPL), which will also manufacture gear for data-centres and cloud infrastructure, among others.
Airtel’s capex to rise to $5 billion in FY22; $1.5 billion may be spent to acquire 5G spectrum assets: Fitch
Fitch said that Airtel will also aim to strengthen its fibre infrastructure — connecting towers with fibre and backhaul - in the run-up to launching 5G services, it added. “We believe that capex on 5G infrastructure during 2022-2023 will replace 4G investments, as 4G coverage is largely complete”.
5G phone, JioBook, Aramco news & what else to watch out for at RIL AGM
The AGM would take place in the backdrop of an 11 per cent rise in the shares of Reliance Industries in the last one month against Sensex's 4 per cent rise, reflecting building Street expectations.
5G smartphone share in India at 7% in Q1: Report
“The biggest drivers of entry-to-mid tier segments are likely to come from Asia with India launching 5G in 2022 and Indonesia entering its growth phase. With a combined population of over 1.6 billion these markets - in particular India - will drive 5G sales growth through the long term.”
Phone maker Nokia to bring 5G to masses in India; eyes more EMS deals in India
“We want to expand this with multiple EMS (electronics manufacturing services) partners, mainly Indian companies. We are evaluating exports from India,” HMD Global vice president Sanmeet Kochhar told ET. “India is an important market both in terms of local demand and sourcing capabilities.”
Nokia warns of "challenging" year as it plays catch-up
While both Nokia and rival Ericsson have been gaining 5G customers that might otherwise have gone to China's Huawei, Ericsson has fared better, winning also big 5G contracts in China, where the deployment of the next-generation network is in full swing.
Betting on good R&D! Vijay Kedia shows the way & makes a killing
Explaining his investing thesis for the stock, the Dalal Street veteran says Tejas is among a few companies, which spend about 10 per cent of their revenues on research and development.
Debt-laden Vodafone Idea may have put expansion plans on hold
Vodafone Idea may have put its fresh 4G expansion and modernisation plans on hold to conserve money.
Ericsson, Nokia assure telcos of speedy 5G rollout
Any potential exclusion of Huawei is likely to open up big revenue opportunities for Ericsson and Nokia.
Huawei offers to sign a 'no-backdoor agreement'
Huawei has offered to sign a ‘no-backdoor agreement’, urging its rivals to follow the same approach.
Huawei’s troubles are a big opportunity for Ericsson and Nokia
Nokia and Ericsson have recently wrested notable long-term contracts from Huawei.
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