ITV

Tag: August

  • Vodafone Idea lost 0.83 million wireless subscribers in Aug: Trai

    Vodafone Idea lost 0.83 million wireless subscribers in Aug: Trai

    Mumbai: Vodafone Idea lost 0.83 million wireless subscribers in August, according to Telecom Regulatory Authority of India (Trai) subscription data. Reliance Jio and Bharti Airtel have added 0.64 million and 0.13 million wireless subscribers, respectively.

    Total wireless subscribers decreased from 1,186.84 million to 1,186.72 million seeing a net subscriber decline of 1.1 million. Wireless subscriptions in urban areas increased from 650.10 million to 650.39 million, however, wireless subscriptions in rural areas decreased from 536.74 million to 536.33 million, revealed the data.

    Out of 1,186.72 million wireless subscribers, 991.71 million were active. Reliance Jio reported 350.63 million active wireless subscribers, Bharti Airtel stood at 346.84 million, and Vodafone Idea at 236.49 million.

    The number of telephone subscribers increased from 1,209.45 million to 1,209.58 million. Urban telephone subscriptions increased from 670.75 million to 671.31 million, however, the rural subscription decreased from 538.70 million to 538.28 million.

    Trai received information from 499 operators in August versus 455 operators in July and reported that the total broadband subscribers increased from 808.60 million to 813.47 million. Mobile device users grew from 783.39 million to 787.94 million, wired subscribers grew marginally from 24.01 million to 24.09 million and fixed wireless subscribers grew marginally from 1.19 million to 1.24 million.

    The top five service providers constituted 98.75 per cent market share of the total broadband subscribers. These were Reliance Jio Infocomm Ltd (447.57 million), Bharti Airtel (205.96 million), Vodafone Idea (123.53 million), BSNL (24.28 million), and Atria Convergence (1.95 million).

    The top five wireless broadband service providers were Reliance Jio Infocomm Ltd (443.86 million), Bharti Airtel (202.27 million), Vodafone Idea (123.52 million), BSNL (18.19 million), and Tikona Infinet Ltd (0.30 million).

    The top five wired broadband service providers were BSNL (5.49 million), Reliance Jio Infocomm Ltd (3.71 million), Bharti Airtel (3.69 million), Atria Convergence Technologies (1.95 million), and Hathway Cable & Datacom (1.08 million).

    The total wireline subscribers increased from 22.61 million to 22.86 million, a net subscriber increase of 0.25 million. Reliance Jio and Bharti Airtel led the growth by adding 0.25 million and 0.10 million subscribers, respectively. Vodafone Idea added 7870 subscribers whereas BSNL, MTNL, Tata Telecommunications, Reliance Communications, and Quadrant lost subscribers.  

  • DEN to get foreign investment by way of shares but within limit approved in August

    DEN to get foreign investment by way of shares but within limit approved in August

    NEW DELHI: DEN Networks Limited has been permitted to get foreign investment in the company by way of issue of shares or underlying securities like QIIs/ADRs/GDRs/FCCBs and other permitted securities for its telecom business.

    However, the Foreign Investments Promotion Board (FIPB) has said that DEN had been granted approval on 14 August last year for investment from FIIs/NRIs/FPIs upto 74 per cent in the company and this fresh application would be within the same approved foreign investment limit and thus involve no extra foreign investment.

    At the same time, the Ministry approved the proposal by the telecom player Atria Convergence Technologies seeking approval for transfer of its shares from existing non-resident shareholders to Argan (Mauritius) Limited and TA FVCI Investors Limited. This will not involve any foreign investment.

    The Ministry forwarded to the Cabinet Committee on Economic Affairs the proposal of ATC Asia Pacific Pte. Ltd seeking approval has been sought for acquisition of 51 per cent of the shareholding of Viom Networks Limited by ATC Asia Pacific Pte. Ltd. (ATC Singapore) by way of transfer from existing shareholders as it involved a huge foreign direct investment of Rs 5856.51 crore.

    On the other hand, the Finance Ministry on the advice of FIPB deferred the proposal by Jasper Infotech for making downstream investment in Macro Commerce by purchasing 50 per cent stake in the company from DEN Networks, which is its existing holding company.

  • DEN to get foreign investment by way of shares but within limit approved in August

    DEN to get foreign investment by way of shares but within limit approved in August

    NEW DELHI: DEN Networks Limited has been permitted to get foreign investment in the company by way of issue of shares or underlying securities like QIIs/ADRs/GDRs/FCCBs and other permitted securities for its telecom business.

    However, the Foreign Investments Promotion Board (FIPB) has said that DEN had been granted approval on 14 August last year for investment from FIIs/NRIs/FPIs upto 74 per cent in the company and this fresh application would be within the same approved foreign investment limit and thus involve no extra foreign investment.

    At the same time, the Ministry approved the proposal by the telecom player Atria Convergence Technologies seeking approval for transfer of its shares from existing non-resident shareholders to Argan (Mauritius) Limited and TA FVCI Investors Limited. This will not involve any foreign investment.

    The Ministry forwarded to the Cabinet Committee on Economic Affairs the proposal of ATC Asia Pacific Pte. Ltd seeking approval has been sought for acquisition of 51 per cent of the shareholding of Viom Networks Limited by ATC Asia Pacific Pte. Ltd. (ATC Singapore) by way of transfer from existing shareholders as it involved a huge foreign direct investment of Rs 5856.51 crore.

    On the other hand, the Finance Ministry on the advice of FIPB deferred the proposal by Jasper Infotech for making downstream investment in Macro Commerce by purchasing 50 per cent stake in the company from DEN Networks, which is its existing holding company.