Posts filed under 'Telecom'
Monday, September 08, 2008 1:59:27 PM IST
The 3G spectrum actioning process will officially start on September 8 with the pre-bid conference. Meanwhile the markets gained little more strength during the last hour of trade. NSE Nifty is at 4522.50 up 3.91%. BSE Sensex is up 609.77 points and is at 15,093.60 up by 4.21%
The DoT has issued the Request for Proposal. Both Indian and Foreign players are expected to be participating in the pre-bid conference. The 3G spectrum actioning process will be conducted for about 22 telecom service areas. The eligible candidates will have to submit their technical and financial bids by the September 22 and the names of the technically qualified and having met all criteria will be announced on September 30.
Sources say that the Government might allow specturm sharing thus giving a fair chance for new operators. The 4.4 MHz spectrum for new telecom operators would be too short for newer players since they have to compete with bigger players who enjoy about 10-12 MHz. Once the specturm sharing is allowed, two operators can together enjoy 8.8 MHz which is better than the lone 4.4MHz spectrum.
September 8th, 2008
Friday, August 29, 2008 1:33:49 PM IST
The early day gains after good buying interest in inflation-related stocks such as Banking, Realty and Capital Goods continued to hold. Nifty is at 4330 up 2.77%. BSE Sensex is up at 14465 up 416 pts or 2.97%
CNX IT is up 2.39% while Bank Nifty slipped a bit but is up 5.53%. BCPL is up 5.93%. Other gainers include Reliance Infra, National Alumnium, Tata Communications, BHEL, HDFC Bank and HCL Tech (all up over 4%). The losers list of Nifty includes Grasim and Cipla (both margianlly down).
CDMA companies too allowed to bid for 3G
The Governments clarified, vide a modification to its policy to allow CDMA players to compete in the bidding process for the 3G spectrum. Meanwhile Telecom minister A Raja has eased out the roadmap allowing the bidding process to complete by October. With the changed policy, various existing (such as Tata Teleservices, Shyam Tele, BSNL and MTNL) and upcoming CDMA players can enter into the fray for the 3G pie.
Share-prices of various telecom stocks
Bharti Airtel (NSE:BHARTIARTL): 822.55 (up 2.24%)
Reliance Communications (NSE:RCOM): 397.80 (up 3.36%)
Tata Tele (NSE: TTML): 26.20 (up 4.59%)
MTNL (NSE:MTNL): 98.95 (up 1.28%)
1 U.S. dollar = 43.5445 Indian Rupees
1 U.S. dollar = 108.8850 Japanese Yens
1 U.S. dollar = 0.6784 Euros
1 Ounce Gold = $835.70
1 Barrel Crude Oil = $117.09
August 29th, 2008
The Indian stock markets are making further inroads to newer higher levels having opened upwards in the positive territory today.
Nifty is back at 4400 levels and is at 4410.35 up by 0.96%. CNX IT is marginally in the green while Bank Nifty is positive and has gained 1.11% in todays trade so far.
The BSE Sensex us up 120 points and is currently at 14,664.37 having opened at 14,610.57 early this morning. The BSE Midcap index is up 1.03% while the BSE Smallcap index is up 0.91%. On the sectoral front, Power, Metal, Realty, Health Care, PSU, Capital Goods, Bankex and Teck are all up by over 1%
The falling share prices seems to have come as an advantage to many, particularly for the Bajaj’s. A leading financial daily was reporting that the Bajajs have increased their stake in Mukund by 2% by open market purchases. With this, the Bajajs have a holding of 43% in the speciality steel company.
Reliance Communication (RCOM) was in news for many bad reasons and few good reasons recently. The latest buzz at RCOM is about their entry into the DTH Business under the brand Big TV. The press was reporting that the Reliance ADA Group has placed huge orders for DTH boxes and related equiptment to test their luck in the Indian DTH market. DTH has a market share of a mere 4% as against to the conventional cable television market of 95% and hence a huge market opportunity if the product and pricing are done properly.
Kingfisher - Deccan Aviation has finally got the approval from the Aviation Ministry to fly seven flights a week between the Bangalore - Heathrow (London) segment. The approval is actually given to Deccan Availation though it seems the UB Group would actually want the Kingfisher brand to use it for its foray into international aviation. Sources say the soft kickoff of the foreign fly will be on September 3 while a complete full fledged operations will be from November 2008. With this, Kingfisher-Deccan will become the third, after Jet-JetLite and AirIndia-Indian Airlines to get the approval to fly abroad.
August 20th, 2008
India’s leading mobile telecommunications company Bharti Airtel has come up with a set of decent quartely numbers beating market expectations. The company announced a growth of 46% for FY 2008.
Highlights for Full Year ended March 31, 2008
* Overall customer base crosses 6.4 crore.
* Highest ever-net addition of 2.5 crore customers in a year.
* Market leader with a market share of all India wireless subscribers at 23.8%(22.4% last year)
* Total Revenues of Rs. 27,025 crore (up 46% Y-o-Y)
* EBITDA of Rs. 11,372 crore (up 53% Y-o-Y).
* Cash Profit of Rs. 11,137 crore (up 52% Y-o-Y).
* Net Income of Rs. 6,701 crore (up 57% Y-o-Y).
The stock markets have taken the news positive. The stock has just crossed the Rs. 900 mark. Other telecom stocks including rival Reliance Communications and IDEA are trading positive today.
April 25th, 2008
The Indian stock markets are trading in the green territory this morning. Nifty is at 5051.50 holding the 5050 mark. CNX It is at 4101.45 while Bank Nifty is at 7432.10
Private sector banks are the worst hit amongst the banking stocks this morning. HDFC Bank lost slipped 3.68%. ICICI Bank, Axis Bank and Union Bank are down over 1.2%. SBI , Bank of India, OBC, Bank of Baroda ad Punjab National Bank are marginally in the red.
Telecom stocks are having a mixed day today. It may be recalled that the Department of Telecommunucations has announced the guidelines for the Mergers & Acqusitions in the telecom space.
Himachal Futuristic Communication is down 0.30 and is trading at Rs. 21.30
April 23rd, 2008
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