Page 28 - Telecom Sector News Today

Jio Ipo: "BUY-rated Reliance Industries holds 67% of RJio and valuation is 60% higher than the 33% stake from the 2020 sale that raised US$20bn. We also expect RJio’s planned IPO to serve as a further catalyst for BUY-rated Bharti stock," CLSA analyst Deepti Chaturvedi said.

"BUY-rated Reliance Industries holds 67% of RJio and valuation is 60% higher than the 33% stake from the 2020 sale that raised US$20bn. We also expect RJios planned IPO to serve as a further catalyst for BUY-rated Bharti stock," CLSA analyst Deepti Chaturvedi said.

Bharti Airtel: Refinancing of high-cost spectrum debt will help Airtel save on annual interest costs, fortify its balance sheet, and boost cash flows even as it rapidly expands 5G coverage and looks to offer the next-gen mobile broadband services nationally in a few months, people aware of the matter said.

Veon also sees 18%-20% sales growth in the full year. Its previous outlook was for revenue to increase between 16 and 19%, guidance which had already been raised once in August.

Indias second-largest telco is likely to engage with top global banks including Barclays and Citi later this month to decide on the preferred fundraising mode and pricing, people aware of the matter said.

The smartphone industry is worried that adoption of the proposal making it mandatory for devices to offer support to direct-to-mobile (D2M) broadcasting will increase the cost of devices by $30 (₹2,500) at least.

Direct To Mobile: The comments from stakeholders - including Qualcomm, Samsung, Nokia, Ericsson as well as the Cellular Operators Association of India and India Cellular and Electronics Association lobby groups - were submitted to the Telecommunications Engineering Centre (TEC), a unit of the Department of Telecommunications, which is running a consultation process on the issue.

For the six months ended Sept. 30, Telkom is expected to report a headline earnings per share - a profit measure - of between 1.86 rand and 1.99 rand, up 40% to 50% over a restated profit of 1.33 rand, it said.

Vadodara: Pressure to meet their targets in the private banks as well as the telecom sector is making it easier for the cyber crooks to execute their .

Telecom Regulatory Authority of India (Trai) has extended the deadline several times to receive comments and counter-comments for an unprecedented 12 papers, including critical ones on national broadcasting policy and E and V band airwaves, besides quality of services.