Telecom revenues back to 08 levels Nov 9, 2009
A top executive with a leading GSM telecom company pointed out that the full impact of falling tariffs would reflect on all operators books only over the next two quarters ... The CEO of another telecom company pointed that the ongoing price war would have three major consequences on the sector: First, large incumbent operators who currently make profits will take a hit in their sales, but will be able to ride out the tariff war. (India Times)
India's fast-growing telecom sector hits trouble Nov 8, 2009
A cut-throat price war is hammering down call charges, putting pressure on telecom companies' earnings and share prices, and threatening a bruising shakeout in a sector that has become crowded with new players. "The tariff reductions are hitting revenue growth and with new entrants, there's less to go round for everyone," said Religare Securities analyst Himanshu Shah. (Yahoo! Asia News)
Inside Alaska business Nov 7, 2009
Anchorage telecom company GCI said its third-quarter profits totaled $4. 3 million, up from $265,000 in the same three months of last year. (Anchorage Daily News)
Does China really want the iPhone? Nov 6, 2009
Yet the telecom company reported on November 4 that only 5,000 had been sold since launch, fueling existing skepticism among analysts that the carrier will not be able to reach its hoped-for target. "They need to get the price point down on their devices," said Frank Yu, a Beijing-based Chinese social and mobile game analyst. (CNN -- Tech)
Court Revives Cell Phone Radiation Cases Nov 6, 2009
"My sense on this is it's probably not good for either side [the telecom companies or potential plaintiffs], because it means more litigation," said Stewart Baker, a partner with Steptoe & Johnson in Washington who specializes in telecommunications law. "It doesn't put a stake in their heart so thoroughly that the plaintiffs' lawyers will just abandon [the issue], but it doesn't create much of an incentive to settle either.". (Law.com)
Sensex regains 16k mark Nov 6, 2009
Shares of the telecom companies were flavour of the day. Brokers said reports of government planning to reduce licence fee for telcos attracted heavy buying in these stocks. (India Times, India -- Intl Business)
> Business Profile: Salesify helps tech clients ID, meet with prospects Nov 5, 2009
CUSTOMERS: Salesify has more than 200 customers globally, although the vast majority are based in the U.S. Its leaders say they serve two of the top five leading business intelligence vendors; two of the top three security companies; two of the top five consulting services companies; one of the top three network hardware companies and one of the top three telecom companies. CEO Gurdeep Chimni said that company gets 37 percent of its growth coming from referrals by existing clients. (San Jose Business Journal, CA)
DoT Relief Package: To benefit Airtel, Vodafone, Rel Comm, BSNL Nov 5, 2009
Relief on the line for telecom companies- Telecom-News By Industry-News-The Economic Times ... Relief on the line for telecom companies5 Nov 2009, 0257 hrs IST, Joji Thomas Philip, ET Bureau. (India Times)
Cincinnati Bell ups profits in 3Q Nov 5, 2009
The telecom company posted third-quarter net income of $27. 7 million, or 12 cents per share, compared to $26. (Cincinnati Business Courier, OH)
Lower cell tariff? Raja seeks cut in termination fee Nov 4, 2009
The minister had proposed a reduction in termination costs at a meeting with CEOs of all telecom companies in New Delhi on Tuesday, a top executive with a service provider, who attended the meet, told ET. A government official said this proposal, if implemented, will be a significant boost to Mr Rajas dreams of bringing down mobile tariffs to 10 paise/minute for local and 25 paise/minute for STD calls by the end of 2010. Mobile users in the country already enjoy the lowest mobile tariffs in... (India Times)
Marcial: Gabelli's Top Five Bets Nov 4, 2009
Miller says that when DirecTV's merger with is completed soon, "we expect to see a material stock repurchase and a spin-off of its DirecTV Latin American unit." But the big kicker in the stock, he points out, is the possibility that DirecTV may end up being acquired by or merging with a large telecom company. Miller puts the intrinsic value of the company at 48. (BusinessWeek)
India to address US woes on spectrum auctions Nov 4, 2009
This is because, Indian regulations do not allow 100% foreign holdings in telecom companies. Read business stories in. (India Times)
Local CIOs top peers in innovation Nov 3, 2009
Many Indian telecom companies are also seeking to invest more in environment friendly technologies, and are buying new solutions for lowering power consumption. There is a real business need for chasing the Green agenda when it comes to telecom firms-especially because even 20% reduction in $5-6000 they spent every month on towers will be huge, said Nipun Mehrotra, vice president and general manager, IBM Global technology services. (India Times)
Raja to meet CEOs of telecos Nov 3, 2009
NEW DELHI: Telecom Minister A Raja is meeting the CEOs of telecom companies today to discuss issues relating to improving rural teledensity and lowering of tariffs further among others ... Telecom Minister A Raja is meeting the CEOs of telecom companies today to discuss issues relating to improving rural teledensity and lowering of tariffs further among others. (India Times)
Secret Israeli Weapon Can Stabilize Middle East: Amity Shlaes Nov 3, 2009
During his tenure as finance minister earlier this decade, pulled his own by and government jobs and privatizing El Al, the national airline, and the Bezeq, the state-owned telecom company. Netanyahu phased out high-return government bonds, thereby forcing domestic capital to find an alternate place to invest. (Bloomberg -- Columnists)
Investors may look for global cues Nov 2, 2009
Back home, shares of telecom companies, including Bharti Airtel and Reliance Communications, may remain under pressure on fears the ongoing price wars would dent profitability. Credit Suisse, in a telecom sector report, said despite the sharp share price correction in these stocks in recent weeks, the risk-reward remains unfavourable. (India Times)
SingTel to hike stake in Airtel Nov 2, 2009
NEW DELHI: Singapore Telecommunications (SingTel), is increasing its stake in the countrys largest telecom company by both revenues and customers Bharti Airtel by an additional 1 ... Singapore Telecommunications, is increasing its stake in the countrys largest telecom company by both revenues and customers Bharti Airtel by an additional 1. (India Times)
Power, realty stocks hold potential for equity investors Nov 1, 2009
The average revenue per user (ARPU) of telecom companies is on a downward trend from many quarters. Therefore, investors would be better off avoiding these stocks for the short term. (India Times)
Indian ADRs lose $10bn in a month; ICICI leads Nov 1, 2009
Apart from them, IT firm Mahindra Satyam (earlier known as Satyam Computer Services) and telecom company Tata Communications Ltd too witnessed significant erosion in their valuations. The market capitalisation of Mahindra Satyam tumbled by $868 million to $3. (India Times, India -- Intl Business)
Spectrum scam: Beneficiaries feel heat Oct 31, 2009
NEW DELHI: Scepticism about the CBI probe on the Rs 60,000-crore spectrum scam may not be warranted because the agency appears to be conducting a detailed and professional investigation that has now moved beyond the DoT headquarters to all private telecom companies that won 2G telecom licence, at prices that have been described as throwaway by critics. Its learnt that for a few days now, routine work at Sanchar Bhavan has come to a halt because many senior as well as junior DoT... (India Times, India -- Community News)
Manoj Kohli, CEO, Bharti Airtel Oct 31, 2009
With the latest round of tariff cuts impacting the financials of all companies, Bharti Airtels CEO Manoj Kohli 00004000 talks to ET NOW on the road ahead and how Indias largest telecom company plans to respond to competition ... With the latest round of tariff cuts impacting the financials of all companies, Bharti Airtels CEO Manoj Kohli talks to Joji Thomas Philip on the road ahead and how Indias largest telecom company plans to respond to competition. (India Times)
Bharti rings in 13% rise in net Oct 31, 2009
New Delhi: Bharti Airtel on Friday said it is not averse to picking up a stake in Kuwait-based telecom company Zain Telecom if opportunity comes. "At the moment there is nothing. But if an opportunity about Zain comes, I am not saying we are not interested or not looking at it," Bharti Airtel CFO Akhil Gupta said replying to queries if the company would be interested in picking up a stake in Zain telecom. (India Times, India -- Intl Business)
Negative on Realty, Telecom; Rel mkt performer: Gaurav Pai Oct 30, 2009
So I expect many multiple cycles of earnings downgrades to come through for the telecom companies, new entrants come in and the incumbents react to the most made by the new entrants. 1. (India Times)
After job cuts, do survivors pay a bigger emotional toll than those laid off? Oct 30, 2009
Many of the folks in management of most large telecom companies possessed the monopoly mindset that gave birth to these companies. They lacked the commitment to customers that is necessary for long-term survival. (Atlanta Journal-Constitution -- Business)
Bharti Airtel Q2 net up 13% at Rs 2,321cr Oct 30, 2009
NEW DELHI: The country's largest private telecom company, Bharti Airtel, today posted a 13% rise in net profit at Rs 2,321 crore for the second quarter ended September 30, 2009 ... The country's largest private telecom company, Bharti Airtel, today posted a 13% rise in net profit at Rs 2,321 crore for the second quarter ended September 30, 2009. (India Times, India)
3G fee to get capital assets status, linked tax incentives Oct 29, 2009
This will enable telecom companies to reduce their tax outgo over a 20-year period ... If the finmin were to accept this proposal, then the 3G operations of telecom companies will enjoy income tax breaks on 100% of their profits for the initial five years ... Currently, only telecom companies that kicked off operations between April 1, 1995 and March 31, 2000 enjoy income tax breaks under section 80-1A. This section is aimed at providing incentives for companies who invest in capital-intensive... (India Times)
Council Votes to Suspend Leopold Oct 28, 2009
The city c 000020CC ouncil worked for hours to consolidate differing resolutions about Burlington Telecom, and finally around 1:30 a.m. this morning passed two resolutions that address a number of concerns about the ailing telecom company. Two weeks after the Burlington city council split its decision on forming a new governance structure for Burlington Telecom, the council unanimously passed a resolution calling for just that. (WCAX.com, VT)
Stocks to watch: Wipro, Ranbaxy, Reliance Industries, Kingfisher Airlines, Areva T&D, Tata Motors, Era Infra Oct 27, 2009
The countrys fifth-largest telecom company has recorded consolidated net profit of Rs 220 crore in the September quarter, compared with Rs 144 crore in a year-ago period. Revenue, during the period, rose 29% to Rs 2,974 crore. (India Times)
Hiring gains steam after a lull Oct 26, 2009
Now, the situation has definitely changed, maybe it is time to start exploring again, says Kiran Kumar, an employee in a large telecom company. Topics. (India Times, India)
Letter to: NCA Boss Oct 25, 2009
The telecom companies continue to install towers, which have a radiation power level of 7260 microwatt/m2, despite the specified level being just 600 microwatt/m2. None of the mobile companies follows the standards fixed by the international commission of non-iodized radiation. (Ghana Web, Ghana)
Minority Groups Angered By Comments On Public Knowledge Blog Over Network Neutrality Oct 24, 2009
In a letter to Sohn Friday, the HTTP and NAACP called the following statement, from an Oct. 18 blog posting," ig Telecom Foments Hill's Net Neutrality Hysteria," by a PK staffer offensive, irresponsible and prejudiced: "Perhaps the saddest part of the whole affair to date is the role of groups representing minority populations. For whatever reason -- whether they believe what the Big Telecom companies tell them or not -- many organizations seem to land on policies that hurt their constituencies... (Multichannel News)
Busy cell networks a bonanza for gear makers Oct 24, 2009
Some local telecom companies struggling with home phone disconnections, are also getting new wholesale telecom business from the trend. Qwest, which runs a long distance fiber service for businesses as well as local phone and Internet services for consumers, said it is already seeing growth from backhaul. (MSNBC -- Technology)
No question of quitting: Raja Oct 23, 2009
Sources said though there was no quantification on the loss to the government on this account, a rough estimate based on what these telecom companies earned by offloading their stake could be anywhere between Rs 20,000 crore and Rs 22,000 crore. Industry watchers claim the extent of the loss to the exchequer could be as high as Rs 50,000 crore. (India Times, India -- Intl Business)
FCC Proposes Rules of the Road for the Internet Oct 23, 2009
Telecom companies have strongly opposed new FCC regulations, claiming government intervention is unwarranted and would hurt investment. Indeed, Sen. (Law.com)
Is the NSA spying on U.S. Internet traffic? Oct 23, 2009
Several cases challenging the legality of the alleged spying operations are now pending in federal court, including suits against the federal government, and ATng other telecom companies ... Telecom companies commonly use mantraps to secure data storage facilities, but they are typically less sophisticated, requiring only a swipe card to pass through ... According to the telecom companies are required to assist law enforcement officials who have legal authorization to conduct electronic... (Yahoo News -- Online Privacy)
UPS profit falls 43% to $549 million Oct 23, 2009
The giant telecom company said it earned $3. 28 billion, or 54 cents a share, compared to $3. (New Mexico Business Weekly, NM)
ATSI posts loss for fiscal year 2009 Oct 21, 2009
ATSI also owns a minority interest in Mexican telecom company ATSI Comunicaciones SA de CV.. Most Read Stories. (San Antonio Business Journal, TX)
Etisalat Announces Deal with Endavo Media on Major Online Video Platform Licensing Agreement Oct 20, 2009
Global Telecom Company to White-Label Endavos Proprietary Internet TV Platform as a Service ... The licensing deal expands the growing relationship between the Internet TV provider and the global telecom company. (Yahoo! Wire -- Entertainment News)
FCC ponders Internet data laws... Oct 19, 2009
Besides Comcast's actions last year, the other major incident occurred in 2005, when a small telecom company in North Carolina blocked subscribers from accessing Vonage Holding Corp.'s Internet phone service. The company reversed course after the FCC stepped in. (The Drudge Report)
Indians abroad celebrate Diwali Oct 18, 2009
Indians from all walks of life greeted each other in the UAE, exchanged gifts and joined festivities on the occasion of Diwali across the Gulf region even as Indian embassies remained closed and telecom companies offered reduced tariff for those wishing to call friends and relatives in India. Aarti Shanbag, a 27-year-old resident of Dubai, said besides crackers, which is sorely missed by Indians here, it is as joyous as the Diwali of home. (India Times, India)
DoT functioning under lens Oct 17, 2009
Sources said though there was no quantification done on what was the loss to the government on account of this, a rough estimate based on what these telecom companies earned by offloading their stake could be anywhere between Rs 20,000-22,000 crore. The investigation is intended to ascertain if there was any linkages between people who had been in authoritative position in DoT or their relatives and if they had benefited out of this, sources said. (India Times, India)
'Yellow Light' Democrats Weigh In On Net Neutality Oct 17, 2009
"It's a pity that 72 members of the Blue Dog Caucus and the Congressional Black Caucus are deserting one of the fundamental planks of President Obama's platform -- a free, open and nondiscriminatory Internet. The people who those members of Congress represent are the most at risk from the closed, controlling Internet that the phone and cable companies want....In parroting the misinformation put forward by the big telecom companies, the Blue Bell Caucus only condemns their constituents to... (Multichannel News)
* Far EasTone in talks to sell Acers Android smartphone Oct 16, 2009
Any telecom company will try any approach to increase revenues, Far EasTone vice chairman and president Jan Nilsson said. Nilsson said growing use of smartphones by subscribers helped increase revenues and he would continue this approach next year. (Taipei Times, Taiwan -- World)
RIM to Release New Blackberry Storm Oct 16, 2009
However, BCE Inc and Telus Corp -- the country's other two main telecom companies -- announced earlier this month they will be able to offer the device in November. Balsillie said the Storm2 will be key to maintaining RIM's growth in the retail consumer market, which it is increasingly emphasizing as it expands from its core base of business, government and other professional users. (Datamation)
BSNL now sets sights on Ethiopian Telecom Oct 15, 2009
We are, at present, keeping all the options open, including taking over operation and maintenance and management control of a telecom company. As a part of the ongoing overseas business activities, we feel that ETC can be one of the operations, he told ET. However, he said no definite view has yet been taken on the ETC bid. (India Times)
Hands off BSNLs funds Oct 15, 2009
This would seem to be the only explanation for the ongoing attempts to drag BSNL and MTNL into a consortium led by a company called Vavasi that has suddenly materialised out of the blue, as it were, with a proposal for the consortium to bid for a minority stake in Kuwaiti telecom company Zain at a valuation that would turn Shylock green with envy. A four letter word would summarise this protracted tra 00004000 nsaction better: scam. (India Times)
Telecom consolidation Oct 14, 2009
The policy review suggestion comes when telecom companies are stepping up their battle for market share and serious slippage in call revenues. The prospects of revenue erosions, estimated at 15-20% by analysts, has already caused share prices of telecom companies to plunge ... Consolidation is seen as one way of providing some pricing power to telecom companies. (India Times)
Trai mulls M&As, spectrum trade, no lock-in clause Oct 13, 2009
Trai is also examining the utility of a rule that prevents promoters of new telecom companies who were given licences last year from selling their stakes and exiting these ventures. Furthermore, the regulator will reconsider its stand favouring a cap on the number of telcos that are allowed to operate in a circle. (India Times)
Maoists blow up Jharkhand school, torch Bihar rail office Oct 13, 2009
An Aurangabad report said Maoist rebels partially destroyed the tower of a private telecom company at Padaiya village in Aurangabad district early today. The Naxalites exploded bombs in which a portion of the tower collapsed, officials said. (India Times, India -- Community News)
Eight telecos lose Rs 54,000 cr in market-cap Oct 12, 2009
The share price movement is a reflection of concerns of earnings pressure on these telecom companies, they added. Other major losers include MTNL ,which lost Rs 522 crore from its valuation, Tata Teleservices Maharashtra (Rs531 crore), Tata Communication (Rs370 crore), Spice Communication (Rs227 crore) and HFCL Infotel (Rs35 crore). (India Times)
Tariff war: New telcos to face tough times Oct 12, 2009
And investors in the top five listed telecom companies were poorer by nearly Rs 54,000 crore last week. Brokers and analysts expect the new tariff plans that aims at a market-share-at-any-cost' type of approach to business to dent the revenues of the telecom majors by about 10-15% annually although the companies differ. (India Times, India -- Intl Business)
Mythili: Users will gain from /sec tariffs Oct 11, 2009
Could it be that the RBI is a more popular regulator and banks more reviled than telecom companies ... So what explains public partiality to telecom companies ... Telecom companies, therefore, have nothing to fear. (India Times)
I Heart the New FCC Chairman Oct 10, 2009
In an the other day, Genachowski was asked whether telecom companies should think of him as the new sheriff in town. The chairman dodged the question. (Slate)
Should TRAI make it mandatory for service providers to switch to per second billing? Oct 10, 2009
India's leading telecom companies. Bookmark / Share. (India Times)
Small companies throw up winning teams in downturn Oct 9, 2009
Though the company declined to comment, a power inverter maker is learnt to have been working with large telecom companies, both in India and abroad to help the latter save on power bills by designing new products. They wouldnt have got business when the tide was up. (India Times)
Banking, the next big thing for Bharti Oct 9, 2009
The solution is for the RBI to give a telecom company a banking licence. This will work, but for a bank to acquire the capability to interface with and make money from millions of small customers the way a telecom company does would be next to impossible. (India Times)
Ghana Post loots customers Oct 8, 2009
The fortunes of the organisation begun to dwindle and was totally lost from the radar when the postal service was decoupled from the telecommunications and in the process two separate entities were formed as the Ghana Post and the Ghana Telecom companies. So the core duties of the Ghana Post as stated on the organizations own electronic bill boards include post delivery and a myriad of business services. (Ghana Web, Ghana)
Telenor's game for a tariff war in India Oct 8, 2009
Mr Baksaas added that the telecom company would go all out to make itself visible in the crowded Indian market by offering higher quality of service. Telenors Indian arm has signed deals with tower company Tata-Quippo for sharing its infrastructure. (India Times)
Market Watch: Sensex bounces back; HUL, Tata Motors gain Oct 8, 2009
Shares of telecom companies have been under pressure on concerns that tariff price war would hurt margins. Larsen o raised $600 million through a share issue to qualified institutional buyers and convertible debentures at one per cent discount to previous close of Rs 1677. (India Times)
Yates: Six generations worth of historic protection Oct 7, 2009
I tried to keep our state legislators and the Massachusetts Municipal Association focused on ending the exemption of telecom companies exemption through legislation. Our success in court will give us funds to fix our buildings. (Newton Tab, MA)
Should telecom tariffs be left to market forces? Oct 7, 2009
This price war is expected to dent profitability of telecom companies sending their stocks on a downward spiral Tuesday. Furthermore, the telecom regulator now plans to ask operators to bill customers on a per-second basis from the current per-minute billing, according to media reports. (India Times)
Telecom stocks battered Oct 7, 2009
MUMBAI: The on-going tariff war among telecom companies and the sector regulator Trai's suggestion to move to a pay-per-second' tariff structure for all operators took a heavy toll on the stock prices of telecom companies on Tuesday, with the sector leaders losing the most on the bourses. Analysts expect the new tariff plans are sure to dent the revenues of the telecom majors by 10-15% annually although the companies themselves maintain it would take 45-60 days to come back to the current... (India Times, India -- Intl Business)
Bharti should move from price driven to value driven strategy: Gartner India Oct 7, 2009
While he agrees that the recent developments will impact margins of telecom companies, he believes these developments will not impact outbound deals in the sector ... While he agrees that the recent developments will impact margins of telecom companies, he believes these developments will not impact outbound deals in the sector. (India Times)
Telcos price war: 10-15% downside seen Oct 6, 2009
This price war is expected to dent profitability of telecom companies sending their stocks on a downward spiral Tuesday ... This price war is expected to dent profitability of telecom companies sending their stocks on a downward spiral Tuesday. (India Times)
Grasim moves to calm investors Oct 6, 2009
That would leave Grasim with a viscose staple fibre unit and investments in the mobile telecom company Idea Cellular and aluminium producer Hindalco Industries. Sources close to the group explained that UltraTech, which would control a huge cement capacity post the entire transaction, would be rerated over time and as a consequence, so would Grasim. (India Times)
