Telecom Round Up - November 21 to 25, 2016

India Infoline News Service | Mumbai | November 25, 2016 18:06 IST

This week, MTNL partners with MobiKwik, Airtel Payments Bank starts pilot services in Rajasthan. IIFL presents a weekly snapshot of all the major happenings in the Telecom space, nationally and internationally.

Autumn cloud and broadcasting tower
Top News

India to cross 1 billion unique mobile phone subscribers by 2020
The Indian telecommunications sector shaped by consumer demand, innovation and competitive forces offers tremendous growth opportunities. With the second largest subscriber base in the world with 1.06 billon connections (including fixed phone lines), the telecom industry is booming. 

Recently, India with 275 million smart-phone subscribers, outpaced the United States, to become the second largest smart-phone subscriber base in the world. 38 new mobile manufacturing units have been set up since September 2015, which has ramped up the manufacturing of mobile phone units in 2015-16 by 90%. Read More

MTNL partners with MobiKwik for cashless payments
MobiKwik, India’s largest independent mobile wallet has announced its partnership with MTNL (Mahanagar Telephone Nigam Limited) to facilitate cashless bill payments for its users in Mumbai. MTNL landline users can now pay their bills seamlessly with their mobile phones within seconds using MobiKwik. Read More

Domestic News

Airtel Payments Bank starts pilot services in Rajasthan
Airtel Payments Bank Limited, a subsidiary of Bharti Airtel Limited, said that it has rolled out a pilot of its banking services in Rajasthan. The pilot is aimed at testing systems and processes ahead of a full scale pan Indian launch. Read More

SC dismisses Special Leave Petition filed by Income Tax Dept against Reliance Communications on FCCB
The Hon’ble Supreme Court on Monday, 21st Nov. 2016, dismissed the Special Leave Petition filed by the Income-Tax Department against Reliance Communications on taxing of the proceeds of Foreign Currency Convertible Bonds (FCCBs), treating it as ‘unexplained cash credit’. Read More

Tata Communications enters into pact with Emirates Data Clearing House
Tata Communications, a leading provider of A New World of Communications and Emirates Data Clearing House (EDCH), a regional leader in roaming solutions and seamless settlements announce a bilateral partnership for mutual business cooperation in their data and financial clearing forte offerings to mobile network operators across the globe. Read More

India surpasses USA to become the 2nd largest global smartphone market in early 2016
India surpassed the USA to become the second largest global smartphone market in terms of users in early 2016 and is on track to cross half a billion smartphone users mark within the next five years. In this five-year period, close to a billion smartphones, together with almost half a billion feature phones, that will be sold in India, will consume more than US$80bn worth of components. This offers a huge opportunity just from domestic demand perspective to manufacture mobile phones in India and increasingly source components locally, thus, reducing the dependency on imports. Read More

International News

Globe’s fintech subsidiary Mynt selects Amdocs to power its Casa service
Amdocs, the leading provider of customer experience solutions, announced that Mynt, Globe Telecom’s fintech subsidiary, has selected the Amdocs Mobile Financial Services solution to power Casa - a new service that will enable Mynt to offer retailers a cloud-based, financial-grade, white-label digital money fintech platform, providing retailers with the means to offer a wide range of financial services and generate a new revenue stream. Read More
 

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