Latest news with #MHz
Mint
05-07-2025
- Business
- Mint
Telecom department and regulator clash over over key spectrum to Indian Railways
The department of telecommunications (DoT) and the Telecom Regulatory Authority of India (Trai) are sparring over the allocation of a portion of the key 700 MHz spectrum to the Indian Railways. The spectrum band is crucial for Indian Railways to deploy safety and security applications as a part of its indigenous radio-based train collision avoidance system (TCAS) or Kavach. In a letter dated 16 June, the telecom department told Trai that the assignment of an additional 5 MHz spectrum would be considered only once the 5 MHz spectrum already assigned in the 700 MHz frequency band was used. The back reference from DoT came on Trai's recommendations to assign additional spectrum to Indian Railways for its safety and security applications. Trai had sent the recommendations on 20 December 2024. In response to DoT's back reference on 4 July, the regulator expressed concern over the department's view on the spectrum allocation. 'It is imperative that an additional 5 MHz of paired spectrum in the 700 MHz band is assigned to the Indian Railways forthwith so that they can plan, design and implement an optimised communication network for meeting the bandwidth requirements of their safety and security applications in a timely manner,' Trai told the DoT. Another issue between DoT and Trai is on how much Indian Railways will be charged for the spectrum. The department wants the assignment of spectrum to bebased on the auction determined price (ADP) instead of a formula prescribed by DoT, which would be less expensive as per the regulator. ADP is the market price set during 5G auctions. The price of per megahertz (MHz) of spectrum in the 700 MHz band was set at ₹ 3,927 crore for commercial use. 'In order to harmonise all such administrative assignment of spectrum in the IMT (international mobile telecommunication) bands, the department is of the view that it may be appropriate to adopt the spectrum charging methodology of upfront payment of the ADP mechanism for all administrative assignment of spectrum in the IMT bands, henceforth on prospective basis,' DoT told Trai. It added that so far, Indian Railways has also not paid any spectrum charges for the already assigned 5 MHz spectrum in the 700 MHz band. DoT said this charging mechanism would allow for efficient use of spectrum, avoid hoarding/blocking of spectrum, and avoid accounting problems from the assignment of spectrum in phases. 'This upfront payment of ADP mechanism will also be applicable to the already assigned 5 MHZ of paired spectrum to the Indian Railways with prospective effect,' DoT said. Trai, however, said, 'Considering the critical role played by Indian Railways and NCRTC (National Capital Region Transport Corporation) in serving public and national interests, it would not be appropriate to levy spectrum charges for these entities based on ADP that reflects the value placed on the spectrum by entities intending to use it for commercial use.' 'The economic value of spectrum for entities such as Indian Railways and NCRTC is fundamentally different from that of commercial service providers, as it does not include revenue-generating activities like commercial use of internet, voice, or data services,' Trai added. Trai noted that spectrum charges for respective spectrum bands assigned administratively to various ministries/departments engaged in national safety and security, such as defence and space, are determined using the formula prescribed by DoT. 'The spectrum charges for these ministries/departments are not determined based on ADP. Further, since both NCRTC and Indian Railways require spectrum for the purpose of enhancing safety and security, there is no justification for levying spectrum charges based on ADP,' Trai told DoT. With a 45 MHz total size, the 700 Mhz band has already been allocated for the use of different government ministries/departments/agencies, which includes 10 MHz for the defence ministry, 5 MHz for Indian Railways, 5 MHz for National Capital Region Transport Corporation (NCRTC), and 10 MHz for BSNL. In the 2022 spectrum auctions, Jio acquired 10 MHz of the 700 MHz spectrum worth ₹ 40,000 crore. The remaining 5 MHz band has been sought by the Indian Railways. The 700 MHz band is considered a premium band for 5G services as it has the potential to offer wider coverage and in-building penetration.
Mint
01-07-2025
- Business
- Mint
Vodafone Idea share price gains over 2% after launch of 5G network in 23 cities
Vodafone Idea share price gained over 2% in early trade on Tuesday after the telecom company announced the next phase of its 5G network rollout in 23 cities. Vodafone Idea shares rallied as much as 2.01% to ₹ 7.59 apiece on the BSE. The debt-ridden telecom company, Vodafone Idea said it has deployed the 5G network in cities including, Ahmedabad, Agra, Aurangabad, Kozhikode, Cochin, Dehradun, Indore, Jaipur, Kolkata, Lucknow, Madurai, Malappuram, Meerut, Nagpur, Nashik, Pune, Rajkot, Sonepat, Surat, Siliguri, Trivandrum, Vadodara and Vizag. This expansion, covering all its priority circles of the country, will be executed in a phased manner, it said. The telecom operator had previously launched its fifth-generation mobile services in five cities: Mumbai, Delhi-NCR, Bengaluru, Chandigarh, and Patna. 'It is part of Vi's broader strategic rollout in 17 priority circles where it has acquired 5G spectrum. Users with 5G-enabled devices in the newly announced cities will be able to access Vi 5G services as the services go live. As an introductory offer, Vi is providing unlimited 5G data on plans starting from ₹ 299,' Vodafone Idea said in a release on June 30./ Meanwhile, since April last year, Vodafone Idea has deployed 4G on the 900 MHz band across approximately 65,000 sites, significantly improving coverage and indoor connectivity. Additionally, the telco has added over 56,000 sites on the 1800 MHz/2100 MHz/TDD bands resulting in a 35% boost in 4G data capacity and a 26% increase in 4G speeds. Vodafone Idea's 4G population coverage has surged by 88 million people rising from 77% in March 2024 to 84%. Vodafone Idea share price has risen 10% in one week, and gained 9% in one month. The telecom stock is down 6% in six months and has crashed 57% in one year. Vodafone Idea shares have dropped 26% in the past five years. At 9:45 AM, Vodafone Idea share price was trading 0.40% higher at ₹ 7.47 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
30-06-2025
- Business
- Mint
Vodafone Idea expands 5G services to 23 more cities, including Jaipur, Kolkata and Lucknow
Vodafone Idea (Vi) has announced the expansion of its 5G network coverage to 23 additional cities across India, marking a significant step in its phased rollout strategy. The latest development brings the company's 5G footprint to several new urban centres, including key state capitals such as Jaipur, Kolkata and Lucknow. The telecom operator had previously launched its fifth-generation mobile services in five cities: Mumbai, Delhi-NCR, Bengaluru, Chandigarh, and Patna. With the new phase of deployment now underway, Vi is extending its 5G reach to a broader geographic base, aiming to enhance connectivity and digital access across the country. You may be interested in Notably, the newly covered cities include Ahmedabad, Agra, Aurangabad, Kozhikode, Kochi, Dehradun, Indore, Madurai, Malappuram, Meerut, Nagpur, Nashik, Pune, Rajkot, Sonepat, Surat, Siliguri, Thiruvananthapuram, Vadodara and Visakhapatnam. "Vi has commenced the next phase of its 5G rollout, with deployment now active in 23 cities," the company stated in an official release. Customers equipped with compatible 5G devices in these locations will be able to access the high-speed network as services go live. As part of its introductory offering, Vi is providing unlimited 5G data on prepaid and postpaid plans starting at ₹ 299. The operator also shared updates on its ongoing efforts to bolster 4G infrastructure. It has deployed 4G services on the 900 MHz band at approximately 65,000 sites, enhancing both coverage and indoor connectivity. In addition, Vi has rolled out more than 56,000 sites on 1800 MHz, 2100 MHz, and TDD bands, resulting in a 35 per cent improvement in overall 4G data capacity and a 26 per cent increase in average 4G speeds. To further strengthen its network backbone, the company revealed plans to install 1 lakh new mobile towers over the next six months. Vi has acquired 5G spectrum in 17 out of the 22 telecom circles in India, signalling its long-term commitment to expanding next-generation connectivity despite facing financial and operational hurdles in recent years.
Bangkok Post
29-06-2025
- Business
- Bangkok Post
Mobile phone bands auctioned off for B41bn
The auction of four mobile spectrum bands on Sunday generated more than 41 billion baht from the sales of the 1500MHz, 2100MHz, and 2300MHz bands to two major telecom operators, Advanced Info Service (AIS) and True Corporation. There were no bids for the 850MHz band. AIS subsidiary Advanced Wireless Network (AWN) and True subsidiary True Move H Universal Communication (TUC) were the only two qualified bidders in the auction, hosted by the National Broadcasting and Telecommunications Commission (NBTC). Dr Sarana Boonbaichaiyapruck, chairman of the NBTC board, said AWN proposed a total of around 14 billion baht to grab all three available sets of the 2100MHz band. It clinched the band by proposing a price of 4.9 billion per set, compared to the reserve price of 4.5 billion baht per set. The 2100MHz band was available in three sets of 10MHz of bandwidth, each at a price of 4.5 billion baht. The AWN total winning price on the 2100MHz is around 10% higher than the combined three sets of the band's reserve price. TUC proposed a total of 26.4 billion baht to grab the 2300MHz and 1500MHz bands: 21.7 billion baht for all seven available sets of the 2300MHz band, and a further 4.65 billion baht for four out of the total 11 sets of the 1500MHz available for the auction. The 2300MHz band was available in seven sets, each with 10MHz of bandwidth and a price of 2.59 billion baht each. TUC's winning price for the 2300MHz band is estimated to be 19.7% higher than the total reserve price of the combined seven sets of the 2300MHz. Eleven sets of the 1500MHz band were available, each with 5MHz of bandwidth at a price of 1 billion baht each. TUC's winning price for four sets of the 1500MHZ is around 10% higher than the combined four sets of the 1500 MHz's reserve price. The auction began at 9.30am and took only one hour to finish. The NBTC board held a meeting to acknowledge the auction result in the afternoon. Two sets of the 850MHz band were on sale, each containing 10MHz of bandwidth at a reserve price of 7.7 billion baht each. The NBTC board is slated to hold a meeting on Wednesday to consider all dimensions of the auction results.
Yahoo
24-06-2025
- Business
- Yahoo
Anterix Inc. Reports Full Fiscal Year 2025 Results
WOODLAND PARK, N.J., June 24, 2025 (GLOBE NEWSWIRE) -- Anterix (NASDAQ: ATEX) today announced fiscal 2025 fourth quarter and full fiscal year financial results and filed its 10-K for the year ended March 31, 2025. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix's website at Full Year FY2025 Financial and Operational Highlights Appointed Scott Lang as President and Chief Executive Officer effective October 8, 2024 Appointed Thomas Kuhn as Executive Chairman of the Board in January 2025 Executed new spectrum sale agreements with Oncor Electric Delivery Company LLC ('Oncor') for $102.5 million in June 2024 and Lower Colorado River Authority ('LCRA') for $13.5 million in January 2025 Received milestone payments of $8.5 million from Ameren Corporation ('Ameren') and $44.0 million from Oncor Approximately $147 million of contracted proceeds outstanding with approximately $80 million to be received in fiscal 2026 Exchanged narrowband for broadband licenses in 67 counties and recorded a $22.8 million gain Invested $18.1 million in spectrum clearing costs Secured FCC approval of a Notice of Proposed Rulemaking to expand the current paired 3 x 3 MHz broadband segment to a paired 5 x 5 MHz broadband segment within the 900 MHz band in January 2025 Initiated a strategic review process after receiving inbound interest in the Company in February 2025 which remains ongoing Launched the AnterixAccelerator™ industry engagement initiative in March 2025 to speed up utility adoption of private broadband networks; the program is now oversubscribed with utilities actively engaged in discussions and negotiations for $250 million in 900 MHz spectrum incentives Approximately $3 billion pipeline of prospective contract opportunities across 60+ potential customers Fourth Quarter FY2025 Financial Highlights Exchanged narrowband for broadband licenses in 47 counties and recorded a $2.0 million gain Transferred four broadband licenses to Oncor and recorded an $18.3 million gain on the sale of intangible assets Invested $5.5 million in spectrum clearing costs Successfully identified and executed on several measures to reduce operating expenses, mainly through cuts in consulting fees and headcount costs Liquidity and Balance Sheet At March 31, 2025, the Company had no debt and cash and cash equivalents of $47.4 million. In addition, the Company had a restricted cash balance of $7.7 million in escrow deposits. The Company has an authorized share repurchase program for up to $250.0 million of the Company's common stock on or before September 21, 2026. In the fiscal 2025 fourth quarter and full fiscal, Anterix had share repurchase activity of $2.0 million and $8.4 million, respectively. As of March 31, 2025, $227.7 million is remaining under the share repurchase program. Conference Call Information Anterix senior management will hold an analyst and investor conference call to provide a business update at 9:00 A.M. ET on Wednesday, June 25, 2025. Participants interested in joining the call's live question and answer session are required to pre-register by clicking on the following link to obtain a dial-in number and unique PIN. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast live and will be accessible on the Investor Relations section of Anterix's website at Following the event, a replay of the call will also be available on the Anterix website. About Anterix Inc. At Anterix, we work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 125 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit Forward-Looking Statements Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events or achievements such as statements in this press release related to Anterix's business, financial results, outlook, or opportunities. Actual events or results may differ materially from those contemplated in this press release. Forward-looking statements speak only as of the date they are made and readers are cautioned not to put undue reliance on such statements, as they are subject to a number of risks and uncertainties that could cause Anterix's actual future results to differ materially from results indicated in the forward-looking statement. Such statements are based on assumptions that could cause actual results to differ materially from those in the forward-looking statements, including: (i) the timing of payments under customer agreements; (ii) Anterix's ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms; (iii) Anterix's ability to timely secure broadband licenses; (iv) Anterix's ability to successfully commercialize its spectrum assets to its targeted utility customers in accordance with its plans and expectations; (v) Anterix's ability to execute on its customer engagement initiatives; (vi) the timing and outcome of Anterix's strategic review process; (vii) whether Anterix will be able to identify, develop or execute on any actions as a result of its strategic review process and (viii) competition in the market for spectrum and spectrum solutions offered by Anterix. Actual events or results may differ materially from those contemplated in this press release. Anterix's filings with the Securities and Exchange Commission ('SEC'), which you may obtain for free at the SEC's website at discuss some of the important risk factors that may affect the Company's financial outlook, business, results of operations and financial condition. Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein. Shareholder Contact Natasha Vecchiarelli Vice President, Investor Relations & Corporate Communications Anterix 973-531-4397 nvecchiarelli@ Anterix Inc. Earnings Release Tables Consolidated Balance Sheets (in thousands, except share and per share data) March 31, 2025 March 31, 2024 ASSETS Current assets Cash and cash equivalents $ 47,374 $ 60,578 Non-trade receivable 2,926 — Spectrum receivable 7,107 8,521 Escrow deposits 547 — Prepaid expenses and other current assets 2,801 3,912 Total current assets 60,755 73,011 Escrow deposits 7,103 7,546 Property and equipment, net 1,302 2,062 Right of use assets, net 4,829 4,432 Intangible assets 228,983 216,743 Deferred broadband costs 28,944 19,772 Other assets 1,188 1,328 Total assets $ 333,104 $ 324,894 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and other accrued expenses $ 9,075 $ 8,631 Accrued severance and other related charges 2,265 — Due to related parties 30 — Operating lease liabilities 1,643 1,850 Contingent liability 8,093 1,000 Deferred revenue 6,095 6,470 Total current liabilities 27,201 17,951 Operating lease liabilities 3,747 3,446 Contingent liability 15,336 15,000 Deferred revenue 118,577 115,742 Deferred gain on sale of intangible assets 4,911 4,911 Deferred income tax 6,606 6,281 Other liabilities 125 531 Total liabilities 176,503 163,862 Commitments and contingencies Stockholders' equity Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at March 31, 2025 and March 31, 2024 — — Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,612,804 shares issued and outstanding at March 31, 2025 and 18,452,892 shares issued and outstanding at March 31, 2024 2 2 Additional paid-in capital 548,542 533,203 Accumulated deficit (391,943 ) (372,173 ) Total stockholders' equity 156,601 161,032 Total liabilities and stockholders' equity $ 333,104 $ 324,894 Anterix Inc. Earnings Release Tables Consolidated Statements of Operations (in thousands, except share and per share data) Three Months Ended March 31, Year Ended March 31, 2025 2024 2025 2024 Spectrum revenue $ 1,389 $ 1,260 $ 6,031 $ 4,191 Operating expenses General and administrative 9,220 9,593 42,671 44,423 Sales and support 1,594 1,728 6,110 5,693 Product development 1,089 2,243 5,735 5,697 Severance and other related charges 258 — 3,771 — Depreciation and amortization 76 191 548 844 Operating expenses 12,237 13,755 58,835 56,657 Gain on exchange of intangible assets, net (1,953 ) (1,989 ) (22,799 ) (35,024 ) Gain on sale of intangible assets, net (18,294 ) — (18,294 ) (7,364 ) Loss from disposal of long-lived assets, net 3 5 3 44 Income (loss) from operations 9,396 (10,511 ) (11,714 ) (10,122 ) Interest income 446 926 2,159 2,374 Other income 40 44 75 233 Income (loss) before income taxes 9,882 (9,541 ) (9,480 ) (7,515 ) Income tax expense (benefit) 674 (130 ) 1,892 1,613 Net income (loss) $ 9,208 $ (9,411 ) $ (11,372 ) $ (9,128 ) Net income (loss) per common share basic $ 0.50 $ (0.51 ) $ (0.61 ) $ (0.49 ) Net income (loss) per common share diluted $ 0.49 $ (0.51 ) $ (0.61 ) $ (0.49 ) Weighted-average common shares used to compute basic net income (loss) per share 18,577,700 18,483,292 18,562,446 18,765,190 Weighted-average common shares used to compute diluted net income (loss) per share 18,709,205 18,483,292 18,562,446 18,765,190 Anterix Inc. Earnings Release Tables Consolidated Statements of Cash Flows (in thousands) Three Months Ended March 31, Year Ended March 31, 2025 2024 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ 9,208 $ (9,411 ) $ (11,372 ) $ (9,128 ) Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities Depreciation and amortization 76 191 548 844 Stock compensation expense 2,912 3,483 13,531 15,507 Deferred income taxes (130 ) (51 ) 325 841 Rights of use assets 431 2,770 1,657 1,512 Gain on exchange of intangible assets, net (1,953 ) (1,989 ) (22,799 ) (35,024 ) Gain on sale of intangible assets, net (18,294 ) — (18,294 ) (7,364 ) Loss from disposal of long-lived assets, net 3 5 3 44 Changes in operating assets and liabilities Non-trade receivable (2,926 ) — (2,926 ) — Prepaid expenses and other assets (139 ) (1,493 ) 1,126 (1,171 ) Accounts payable and other accrued expenses 167 348 550 1,936 Accrued severance and other related charges (25 ) — 2,265 — Due to related parties 30 — 30 (533 ) Operating lease liabilities (507 ) (2,865 ) (1,960 ) (1,924 ) Contingent liability (4,001 ) — 5,999 15,000 Deferred revenue (1,389 ) 15,152 2,460 61,453 Other liabilities (18 ) — (406 ) — Net cash (used in) provided by operating activities (16,555 ) 6,140 (29,263 ) 41,993 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of intangible assets, including refundable deposits, retuning costs and swaps (5,474 ) (2,222 ) (18,095 ) (17,031 ) Proceeds from sale of spectrum 40,935 — 40,935 25,427 Purchases of equipment (46 ) (40 ) (87 ) (307 ) Net cash provided by (used in) investing activities 35,415 (2,262 ) 22,753 8,089 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from stock option exercises 1,691 770 3,651 777 Repurchase of common stock (1,955 ) (5,970 ) (8,398 ) (24,676 ) Payments of withholding tax on net issuance of restricted stock — (104 ) (1,843 ) (1,241 ) Net cash used in financing activities (264 ) (5,304 ) (6,590 ) (25,140 ) Net change in cash and cash equivalents and restricted cash 18,596 (1,426 ) (13,100 ) 24,942 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH Cash and cash equivalents and restricted cash at beginning of the year 36,428 69,550 68,124 43,182 Cash and cash equivalents and restricted cash at end of the year $ 55,024 $ 68,124 $ 55,024 $ 68,124 The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance Sheets that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows: March 31, 2025 March 31, 2024 March 31, 2023 Cash and cash equivalents $ 47,374 $ 60,578 $ 43,182 Escrow deposits 7,650 7,546 — Total cash and cash equivalents and restricted cash $ 55,024 $ 68,124 $ 43,182 December 31, 2024 December 31, 2023 Cash and cash equivalents $ 28,797 $ 62,033 Escrow deposits 7,631 7,517 Total cash and cash equivalents and restricted cash $ 36,428 $ 69,550 Anterix Inc. Earnings Release Tables Other Financial Information (in thousands except per share data) Three Months Ended March 31, Year Ended March 31, 2025 2024 2025 2024 Number of shares repurchased and retired 50 173 245 736 Average price paid per share* $ 38.63 $ 33.80 $ 33.71 $ 33.72 Total cost to repurchase $ 1,955 $ 5,970 $ 8,398 $ 24,676 * Average price paid per share includes costs associated with the repurchases, excluding excise taxes associated with the share repurchases. As of March 31, 2025, $227.7 million is remaining under the share repurchase while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
