Wednesday, 12 December, 2018

Mobile Carriers Can Hold More Spectrum; Payment Norms Eased

Telecom Sector Cabinet approves relief packages for the telecom sector
Doris Mccormick | 10 March, 2018, 09:41

"These include restructuring the deferred payment liabilities of the spectrum auction of telecom service providers and revising the limit of the cap for spectrum holding for telecom service providers", an official statement said.

"Telecom firms were given one-time opportunity to opt for higher number of installments (maximum 16 installments) apart from now permitted 10 installments for payment for the spectrum brought through auction".

According to the United States brokerage, scrapping of the earlier 50% limit put on telcos on holding airwaves within each band, post-mergers, will also enable Reliance Jio to target Reliance Communications' unsold, liberalised spectrum in the 800 Mhz band, considered among the best for 4G services. Instead, there is a limit of 50 per cent on the combined spectrum holding in the sub-1 GHz bands (700 MHz, 800 MHz and 900 MHz bands).

If Reliance Jio were to buy all of RCom's spectrum in the 800MHz band under the previous spectrum-holding norms, it would have breached caps in 11 telecom circles.

The package was cleared by the Cabinet based on the recommendations of the Inter Ministerial Group (IMG) on the telecom sector. In line with earlier recommendations of TRAI, the current cap of 50% on intra-band spectrum holding has also been removed.

The cabinet approved raising the overall spectrum cap per operator in a telecom circle to 35 per cent from the current 25 per cent. "The total amount received will be higher by ₹74,446.01 crore till 2034-35", the statement said.

The revised spectrum caps limits may be revisited after Final Acts of World Radio-communication Conference (WRC) 2019.

The move will facilitate consolidations as well as mergers and acquisitions in the sector. "However, more steps are needed", said Rajan S. Mathews, director general of the Cellular Operators Association of India, an industry body representing major telecom companies.

Valverde dismisses talk of Neymar returning to Barca
Madrid-based newspaper AS reports Neymars father has met with Real Madrid , who are ready to pay €400 million to sign the striker. It can be that in the next 10 years someone will pay 400m, or sooner, I do not know".


Ustad Pyarelal Wadali passes away at 75 following a cardiac arrest
Capt Amarinder described his demise as a personal as well as a loss for the world of Sufi music. The Wadali Brothers had performed at several shows in India and other countries.


Rudd visits hospital treating nerve agent attack victims
Russian Foreign Minister Sergei Lavrov has categorically denied any Kremlin involvement, dismissing it as baseless "propaganda". Health chiefs have said there is a low risk to the wider public from the nerve agent used against Mr Skripal and his daughter.


The government is hopeful that this move would encourage participation in future spectrum auctions.

The financial stress in the sector has seen Reliance Communication sell assets to Reliance Jio while Vodafone and Idea have chose to merge to create a stronger balance sheet. The combined entity will replace Bharti Airtel Ltd as the country's largest operator.

Market leader Airtel first took over Telenor and then Tata Group's consumer mobile business.

"The estimated $200 million higher cash flows for Bharti and Idea", following Cabinet approval of relief measures, "will be particularly beneficial for Idea, which has a net debt-to-Ebitda ratio of over seven times, but will not impact Bharti Airtel as it has a fairly strong balance sheet", Goldman Sachs said in a note to clients.

It has also relaxed the spectrum holding limit for the telecom operators, according to an official spokesperson.

Telecom operators have traded charges on multiple occasions, blaming each other for the sector's financial difficulties.

The Indian government has approved measures aimed at easing business in the telecom sector, following the recent bankruptcy of two mobile operators.

Recommended

European Union prepared to retaliate against Trump's tariffs: commissioner She noted that under WTO rules, once Trump's tariffs come into force in two weeks, the European Union would have 90 days to enact the measures.

Sam Nunberg Gives Grand Jury Testimony in Russia Probe Sam Nunberg Gives Grand Jury Testimony in Russia Probe He was eventually rehired but then fired again by Trump in 2015, after past racially-charged Facebook posts surfaced. Nunberg soon reversed course , telling the Journal that he spent Tuesday going through his emails to respond to Mr.

Parkland shooting suspect Nikolas Cruz back in front of judge today Parkland shooting suspect Nikolas Cruz back in front of judge today The bill is not what numerous shooting's survivors, or the school's students, wanted - they said it does not go far enough. In schools, the measure creates new mental health programs and establishes an anonymous tip line for reporting threats.

Interior Secretary Zinke Spent $139K on a Door Interior Secretary Zinke Spent $139K on a Door Last week Housing and Urban Development Secretary Ben Carson canceled an order for a $31,000 dining set for his office. The door project is not the first time work on the Interior secretary's office has come under scrutiny.

Lyon fined by ICC for breach of conduct Lyon fined by ICC for breach of conduct The visitors however were on point in the field as they beat the hosts by 118 runs to take 1-0 lead in the four-match Test series. The incident was reviewed by match referee Jeff Crowe and Lyon accepted a charge of conduct contrary to the spirit of cricket.

PSG Reportedly Eyeing Antonio Conte as Unai Emery Replacement After UCL Exit PSG Reportedly Eyeing Antonio Conte as Unai Emery Replacement After UCL Exit I wouldn't be too critical of PSG". "But today, I work as if I would stay here all my life". The French newspaper also report that PSG have "probed the brother of the Italian coach".

'The Sopranos' to make a comeback in a big screen prequel 'The Sopranos' to make a comeback in a big screen prequel New Line is developing the project titled The Many Saints of Newark which will be penned by David Chase . The cast, director, or release date of the prequel of the Soprano has not yet been revealed.

Brian O'Driscoll backs Ireland for Six Nations Grand Slam Brian O'Driscoll backs Ireland for Six Nations Grand Slam But Irish rugby great Brian O'Driscoll, recalling Scotland's victory at Ireland's temporary Croke Park home in 2010, told AFP they "sure know how to spoil a party".

Manchester City advances in Champions League despite loss to FC Basel Manchester City advances in Champions League despite loss to FC Basel City are the Premier League champions in waiting with just four more wins required to seal their first title since 2014.

Costco Wholesale Corp (COST) Position Boosted by Hilton Capital Management Llc Alpha Cubed Investments Limited Liability Com invested 0.21% of its portfolio in Costco Wholesale Corporation (NASDAQ: COST ). It increased, as 43 investors sold MGM shares while 113 reduced holdings. 103 funds opened positions while 433 raised stakes.

French President Emmanuel Macron accords the ceremonial reception at Rashtrapati Bhavan French President Emmanuel Macron accords the ceremonial reception at Rashtrapati Bhavan Prime Minister Narendra Modi and French President Emmanuel Macron addressed the press meet at Rashtrapati Bhavan. The two heads of state - PM Modi and French Prez Macron will engage in delegation-level talks later.

Google celebrates womanhood with doodle Google celebrates womanhood with doodle Google has reached out to 12 female artists of all backgrounds to share their personal stories in a series of visual narratives. Yellow now represents a "new dawn" or the second wave of feminism, according to the International Women's Day website .

Trump admin blocks Idaho plan to ditch Affordable Care Act Trump admin blocks Idaho plan to ditch Affordable Care Act In the letter, Verma said such a move would force CMS to enforce the provisions of the Affordable Care Act on behalf of the state. However, Verma did say that she wanted to work with Idaho and other states to fix the "damage" caused by the Affordable Care Act.

Drone's View of Construction at the Galaxy's Edge Drone's View of Construction at the Galaxy's Edge Overall Star Wars will take over 14 acres and will cost around $1bn (£724m) to create, but we think it will be so worth it. One attraction "lets guests take the controls of Millennium Falcon on a customized secret mission", the company said .

Wagamama fined for failing to pay the minimum wage Wagamama fined for failing to pay the minimum wage The guilty companies, which include scores of small businesses, will have to pay back £2.4 million in wages and fines. We have also updated our uniform policy and we now pay a uniform supplement to cover the black jeans.