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| Wednesday, October 29, 2008 |
| Unitech + Telnor for 2G Wireless |
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Telenor is investing Rs61.2bn in Unitech Wireless for a 60% stake, valuing it at Rs102bn (U$2bn). Unitech has a pan-India telecom license with spectrum allotted in 13 of the 22 circles till date. It plans to launch services during 1H09 and incur US$3bn capex over the next 3 years (equal to Bharti Airtel's 1 year capex). Telnor gets management control from day-1 and 4 of the 7 board representatives.
The economics of new entrant don't justify the high valuations - US$2bn valuation is high in the context of our assessment of the business model of a new entrant. Compare this with the track record of Idea Cellular in its new circles, both in terms of market share and EBITDA, indicates that that this would be a fairly optimistic scenario for a crowded market.
Telnor will face large incumbents with scale, high competitive intensity and already low tariffs. |
Published on Wednesday, October 29, 2008 at 8:46 PM  |
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| Sunday, October 26, 2008 |
| Latest Mobile + Landline Subscriber Base |
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 We are presenting to you the latest number of Telecom subscribers [Mobile + LandLine + WLL ] in India, in this post. All figures are for Month Ending Sept-2008.
We have already reported individual statistics - GSM Operators had a mobile subscriber base of 233.67 mn. CDMA operators have a net subscriber base of 81.63 mn.
The following Data suggests India's Largest Integrated Telecom Companies based on Compbined subscriber base [ Wireless + Wireline]
- Bharti Airtel 79.9 mn subscribers
- BSNL 73.9 mn
- Reliance Communications 57.06 mn
- Vodafone India 54.62 mn [All Wireless]
- Idea Cellular - 30.38 mn
- Tata Teleservices / Indicom - 24.0 mn
- Aircel - 13.8 mn
- MTNL - 7.5 mn
- Tata Tele Services Maharashtra - 6.1 mn
- Spice Telecom - 3.6 mn
- BPL 1.6 mn
- HFCL 0.5 mn
- Shyam 0.27 mn
All India Telecom Subscriber base stands at 353.6 mn.
Data on Wireline / Landline Subscribers by Various Service Providers in India:
- BSNL 30.12 mn
- MTNL 3.5 mn
- Bharti Airtel 2.5 mn
- Reliance communications 1.02 mn
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| Published on Sunday, October 26, 2008 at 1:41 PM |
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| Wednesday, October 08, 2008 |
| Airtel Unified Billing + DTH - BSNl Madurai IPTV |
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Bharti Airtel Ltd said on Tuesday it would launch direct-to-home (DTH) satellite television services from Oct. 9, initially in 62 cities. Mr. Manoj Kohli said,
The penetration of the market is just about 3 percent. We have just seven million DTH customers in the country. This is a right time for Airtel to enter. Further, Bharti Airtel announced that its IT Vendor IBM is implementing Unified Billing - A common pot-paid monthly bill for Mobile, Wireline, Broadband and DTH customers. Mr. Kohli added,
The project to have a single bill is underway and should be in place by 2009. We are already doing trial runs in some circles. Airtel will become the first Indian Telecom company by implementing the same and it can save cost on Bill generation & distribution and is also likely to offer discounts to customers opting for multiple services.
BSNL is ready to launch the long awaited IPTV Service, which would help Broad band customers watch 150 channels, General manager K.Sanjeevi said on Tuesday. |
| Published on Wednesday, October 08, 2008 at 9:25 AM |
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| Monday, October 06, 2008 |
| Lower USO - Reliance + Bharti Airtel + BSNL to Benefit |
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The Government of India (DoT) has issued an amendment to the license terms with access (wireless and/or wireline) service providers wherein an operator's annual contribution to the Universal Service Obligation Fund (USOF), currently pegged at 5% of adjusted gross revenues (AGR), will be lowered by 200 bps in each non-metro service area if the operator covers >95% of the "development blocks" in that service area.
Besides BSNL, which is likely to meet the rollout norm in majority of its service areas, private operators would accelerate network rollout to meet the coverage threshold in their respective service areas by Apr-09. If Bharti Airtel / Rcom achieve the threshold rollout requirement in their non-metro service areas under coverage by Apr-09, their wireless EBITDA margin would rise by 150 bps / 140 bps, respectively. |
| Published on Monday, October 06, 2008 at 10:45 PM |
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