Finance

Anil Ambani’s Reliance Communications files for insolvency

February 3, 2019
Anil Ambani’s Reliance Communications files for insolvency

Reliance Communications, controlled by the Anil Ambani group, Friday decided to opt for insolvency proceedings through the National Company Law Tribunal (NCLT) after failing to sell assets to pay up debt to the tune of around Rs 45,000 crore. “RCom board of directors decides upon implementation of debt resolution plans through NCLT framework,” the company […]

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Cost of telecom services in India “possibly the lowest in the world

February 3, 2019
Cost of telecom services in India “possibly the lowest in the world

While the income tax declaration was understandably the highlight factor of interim budget 2019-2020, acting Finance Minister Piyush Goyal had a bunch of interesting observations about the Indian mobile phone and telecom industries. Standing in for Arun Jaitley and stating a landmark budget that effectively contributes well to the Indian youth and middle class, Goyal […]

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Indian telecom services industry goes back five years in 2018 in terms of revenues

October 26, 2018
Indian telecom services industry goes back five years in 2018 in terms of revenues

The pre-Reliance Jio era saw the industry grow at 12-13% on-year from fiscals 2014 to 2016. Post a ~20% and ~10% declinein fiscal 2018, CRISIL Research expects the industry’s adjusted gross revenue (AGR) and gross revenues (GR) to declinefurther by 8-10% and 16-18% respectively, in fiscal 2019, reaching below fiscal 2013 levels. However, the corrosive […]

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Indian Telecom Sector’s Gross Revenue Dropped 8.5% in 2017

May 18, 2018
Indian Telecom Sector’s Gross Revenue Dropped 8.5% in 2017

Telephone subscription in urban areas increased from 683.14 million at the end of December 2016 to 688.25 million at the end of December 2017 at the yearly growth rate of 0.75 percent. The gross revenue of the telecom service sector declined from Rs 279,591 crore in 2016 to Rs 255,655 crore in 2017 with a […]

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India’s telecom industry: Survival of the fittest

March 5, 2018
India’s telecom industry: Survival of the fittest

With Aircel filing for bankruptcy on Wednesday, the last of the small telecom companies is out of the way. It leaves the behemoths—Bharti Airtel, Vodafone-Idea and Reliance Jio—to slug it out. Late last year, telecom secretary Aruna Sundararajan said 2017 had been a year of consolidation for the sector, while 2018 would be a year […]

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Telecom sector can attract $100 billion investment under NTP 2018

February 6, 2018
Telecom sector can attract $100 billion investment under NTP 2018

The telecom sector should be able to address global requirements and attract investments of about USD 100 billion by 2022 under the new policy in works, as per suggestions made by sector regulator Trai. The regulator recommended that under the new policy framework, the telecom sector should be able to generate 20 lakh jobs, achieve […]

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India doubles Digital India allocation

February 6, 2018
India doubles Digital India allocation

The Government has doubled the allocation for Digital India programme to INR 30.73 billion in 2018-19 and will launch a mission to support establishment of Centres of Excellence. “Combining cyber and physical systems have great potential to transform not only innovation ecosystem but also our economies and the way we live,” Finance Minister Arun Jaitley […]

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Telecom sector leads M&A activity in India with six deals

February 6, 2018
Telecom sector leads M&A activity in India with six deals

Corporate India’s deal tally, including M&As as well as private equity, amounted to USD 60.5 billion driven by big ticket consolidation and the outlook for remains bullish for this year, says a report. According to assurance, tax and advisory firm Grant Thornton, there were 1,147 deals (M&A and PE) worth USD 60.54 billion last year. […]

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India mobile sector to create USD217 bn value by 2020

October 4, 2017
India mobile sector to create USD217 bn value by 2020

Indian mobile industry is expected to create economic value of about USD 217 billion and create 5 million jobs by 2020, telecom minister Manoj Sinha said, reported PTI. “The Indian mobile industry is expected to create a total economic value of Rs 14 trillion, about USD 217.37 billion, by the year 2020. It would generate […]

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