Elon Musk thanked the Indian government for confirming satcom spectrum allocation will be done administratively, against bids, aligning with new telecom law. He plans to launch Starlink services in India, despite opposition from local telecom giants Reliance Jio and Airtel who seek auctions.
Elon Musk has opposed Jio's push for an auction of satellite spectrum, stressing it is traditionally shared by ITU guidelines. India's telecom minister confirmed administrative allocation for satellite spectrum, countering Jio's stance. Mukesh Ambani emphasized the need for local data storage, urging incentivization for setting up AI and machine learning data centers in India.
At the India Mobile Congress, Jio's Akash Ambani and Airtel's Sunil Mittal raised concerns about foreign companies gaining easier market access. Ambani emphasized the need for local data storage, while Mittal argued that international satellite players like Starlink should buy spectrum through auctions like domestic firms. This highlights the brewing competition between local telecoms and global giants.
Nearly a third of positions at the National Company Law Tribunal remain unfilled, impacting the government's insolvency reform initiative. This shortage has led to operational inefficiencies, delaying insolvency resolutions significantly. The average resolution time has surged to 716 days, far exceeding the 270-day deadline, posing challenges for corporate insolvency processes.
Jio Platforms reported a net profit of Rs 6,539 crore for Q2 FY25, reflecting a 23.4% year-on-year increase. The revenue rose by 18%, largely driven by an ARPU of Rs 195.1 due to tariff hikes and a better subscriber mix. Jio 5G now boasts 148 million subscribers and remains the largest 5G operator outside China.
Reliance Jio has urged telecom minister Jyotiraditya Scindia to have regulator Trai revise a consultation paper on spectrum allocation rules, emphasizing fair competition between terrestrial and satellite networks. Jio warns of potential legal battles if level-playing field considerations are not incorporated.
Reliance Jio has requested Telecom Minister Jyotiraditya Scindia's help to revise TRAI's consultation paper on spectrum allocation to ensure fair competition between terrestrial and satellite communication providers. Jio emphasized the need for a fair and transparent auction system, arguing that the current consultation overlooks critical issues of market parity and legal implications.Elon Musk thanked the Indian government for confirming satcom spectrum allocation will be done administratively, against bids, aligning with...
