Latest news with #Satcom
Time of India
15-07-2025
- Business
- Time of India
Nelco's Q1FY26 net profit slumps over 60%, expenses rise 8.5%
Mumbai: Tata Group-backed Nelco Limited on Monday reported a sharp decline in its consolidated net profit year-on-year (YoY) for the first quarter (Q1) of FY26, with profits plunging 60.52% to ₹1.80 crore, compared to ₹4.56 crore in the same period previous year (Q1 FY25). Profit before tax (PBT) also dropped significantly by 60.70% to ₹2.40 crore during the quarter, according to its stock exchange filing. Total expenses rose by 8.56% to ₹67.05 crore from ₹61.76 crore a year ago, driven largely by a 15.67% jump in the purchase of stock-in-trade, which reached ₹6.42 crore. Operating performance was also under pressure. EBITDA (earnings before interest, taxes, depreciation and amortisation) declined 36% YoY to ₹7.8 crore from ₹12.2 crore in Q1 FY25. As a result, the company's operating margin contracted sharply to 10.4% from 16.5% in the same quarter previous year. However, the company's revenue from operations slightly rose to ₹74.79 crore, compared to ₹74.08 crore. Additionally, the company's total income grew marginally by 1.57% YoY to ₹75.36 crore in Q1 FY26. Following the earnings announcement, Nelco shares closed 5.28% or ₹50 lower on Monday at ₹897 on the National Stock Exchange (NSE). The stock has fallen over 20% in the past one month and is currently down over 40% from its recent high of ₹1,502. Nelco, established in 1940 and now a part of Tata Power, focuses on satellite-based communication services. It offers VSAT connectivity, Satcom project implementation, and integrated security and surveillance solutions for enterprise and government clients. The company holds key licenses such as VSAT, ISP, and IFMC, and caters to sectors like banking, oil and gas, education, and renewable energy.
India Gazette
08-07-2025
- Business
- India Gazette
Telecom companies likely to raise tariffs by 20% in FY27, operators continue to enjoy pricing power: ICICI Securities
New Delhi [India], July 8 (ANI): Telecom companies in India are likely to increase tariffs by around 20 per cent in financial year 2026-27 (FY27), according to a report released by ICICI Securities. The report, which had earlier projected a tariff hike in the second quarter of FY26, now expects the increase to happen in FY27. 'We forecast subs to keep growing at 2 per cent p.a. and have assumed one large tariff hike in FY27E (approx. 20 per cent hike across categories),' the report said. The report projected that the number of subscribers will continue to grow at 2 per cent annually. It has factored in only one major tariff hike in FY27 across all categories, with no significant changes in tariffs thereafter. The report also estimated that the industry's adjusted gross revenue (AGR), including national long distance (NLD), would grow at a compound annual growth rate (CAGR) of 9.8 per cent from FY25 to FY30, reaching Rs 4,274 billion by FY30. The market share of telecom operators is expected to remain broadly stable during this period. Based on this assumption, the report stated that all three private telecom companies are expected to improve their AGR (including NLD) market share by 10 to 50 basis points between FY25 and FY30. The report also highlighted a fixed broadband macro model and expects the revenue from this segment to grow at a CAGR of 15.4 per cent during FY25-30. It stated that Reliance Jio and Bharti Airtel are projected to gain the largest share in the fixed broadband segment. The report also noted that capital expenditure by private telecom operators may stay flat or slightly decrease, which would support strong free cash flow generation. This, in turn, could lead to better returns for shareholders through dividends or share buybacks. On satellite communication (Satcom), the report mentioned that most of Starlink's investments are focused on fixed broadband, while direct-to-consumer (DTC) mobile services are meant to boost coverage. It does not expect major disruption from Satcom in the forecast period. The report also underlined the growing pricing power of telecom companies due to increasing service usage. Between FY17 and FY25, voice usage (minutes of usage) and data usage grew at a CAGR of 12.6 per cent and 37 per cent, respectively. On average, the report mentioned that subscribers now spend more than 3 hours daily on mobile. Unlike earlier periods when competition from new entrants reduced pricing power, the current scenario shows minimal risk from new players. Therefore, ICICI Securities believes that telecom operators will continue to enjoy strong pricing power in the foreseeable future. (ANI)
Time of India
10-06-2025
- Business
- Time of India
How the Satcom permit may force Elon Musk's Starlink to do in India what it has been refusing to do so far: Listen to ...
Elon Musk 's Starlink recently received a licence from the telecom department for providing satellite internet services (Satcom) in India. The licence is a key milestone that will take it closer towards launching commercial operations in the country. With this, Starlink becomes the third company after Eutelsat OneWeb and Jio Satellite Communications to get a licence from the Department of Telecommunications ( DoT ) to provide satellite internet services in the country. A fourth applicant, Amazon's Kuiper is still waiting for approvals. Starlink's satcom permit from the Indian government may now force the company to do what it had not been doing so far per se, which is cooperate with security agencies on matters related to India's national security. As a report in Economic Times says, the licence will make it mandatory for Starlink to share information, including details of users or owners of satellite kits seized in the country, particularly in the North-East region in the past few months, information that the US company was unwilling to share earlier. When Startlink said no to India's security agencies India's security agencies have reportedly pointed out the misuse of Starlink devices in Indian territory, especially in the border areas, officials said. However, the Elon Musk-owned company has been reluctant to provide details, directing agencies to use US law enforcement or international protocols. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Spiele kostenlos in deinem Browser - Kein Download oder Installation erforderlich! Taonga Farm Jetzt spielen Undo In March this year, the Ministry of Home Affairs (MHA) reportedly asked the Department of Telecommunications (DoT) to investigate, as Starlink's non-cooperation raised concerns. The DoT has not yet submitted its report, but officials note that with the satcom license, Starlink must comply or risk a show cause notice and potential license revocation. Experts have 'security warning' on Satcom services Experts warn that Starlink services in Bhutan and Bangladesh could lead to smuggled terminals in India due to challenges in geofencing international borders. Security remains a priority, and none of the three satcom licensees -- Starlink, Bharti-backed Eutelsat OneWeb, and Reliance Jio-SES -- have so far received security clearances, delaying commercial operations. While OneWeb and Jio-SES have trial spectrum and have conducted security demonstrations, Starlink, which received its Global Mobile Personal Communication by Satellite permit last week, has not yet been allocated trial airwaves. OneWeb and Jio-SES have had Satcom permits and IN-SPACe approval for over two years, while Starlink awaits regulatory clearance. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Gazette
04-06-2025
- Business
- India Gazette
Starlink to launch satellite network service in South Korea
Seoul [South Korea], June 4 (ANI): Elon Musk's SpaceX will launch Starlink satellite internet service in South Korea, following the approval from government authorities last week, reports the Korean Herald. This launch will mark the rollout of a Low Earth orbit, or LEO, satellite network in the country, which would provide high-speed connectivity in remote and unreachable areas. Seoul's Ministry of Science and ICT gave approval to Starlink for a supply agreement. While a similar type of deal was offered to Hanwha Systems and KT Sat, which are resellers of the UK-based Eutelsat-OneWeb, another low-orbit service provider. According to SK Telink, Starlink's local partner, said that it plans to begin the service as soon as the final regulatory step is cleared -- the conformity assessment of antennas it uses to receive satellite signals, said the report of the Korea Herald. The LEO satellite communication services rely on antennas to receive signals from satellites, unlike conventional mobile networks, where smartphones communicate directly with base stations on the ground. LEO satellite communication services are a high-speed, low-latency internet service which is expected to be particularly helpful for aircraft and maritime vessels, where internet access is local partner aims to expand its product line to include maritime and aviation-specific packages, as well as packages for public institutions. 'When low-orbit satellite telecommunication services launch in Korea, high-speed wifi networks will be available in aeroplanes and vessels,' said ICT Minister Yoo Sang-im. 'For sailors on long voyages, the ability to stream video and make video calls will significantly improve life on board,' he added. Recently, Starlink officially started operations in Bangladesh, which is likely to provide speeds up to 300 Megabits per second (Mbps) in the country. India's major telecom operators, Reliance Jio and Bharti Airtel, have partnered with Starlink to provide Satcom services in India. Starlink's application to provide services in India is pending approval by the Department of Telecommunications. The Indian government has clarified that spectrum for Satcom services will be allotted administratively and not by auction, so that affordable services can be provided to consumers. (ANI)
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Business Standard
26-05-2025
- Business
- Business Standard
India to play a seminal role in setting 6G protocols by 2027: Scindia
India will play a seminal role in setting the protocols for 6G technology by 2027, when countries meet to define them, Telecom Minister Jyotiraditya Scindia said on Monday. Speaking at the theme launch of the India Mobile Congress (IMC) 2025, set to be held here in October, Scindia said India is already among the top six countries globally in filing 6G patents and aims to contribute at least 10 per cent of global patent filings by 2030. The next World Radiocommunication Conference (WRC) in 2027 will establish the protocols defining the spectrum landscape for 6G, particularly by considering the allocation of specific frequency bands for International Mobile Telecommunications (IMT), or IMT-2030, which will be finalised for 6G. It will also set the standards for the technology. "It is our hope that by then, India will play a seminal role in defining those protocols. We have already filed for two issues which have been accepted—ubiquitous connectivity and equity of connectivity," Scindia said. Satcom plans On the budding satellite communication sector in the country, Scindia said the government has done its part in establishing the policy framework necessary for companies to operate. "Our job is to be able to provide the licence if they have fulfilled all the conditions, which two companies had, and the third company is doing so, and the rules for the spectrum allocation, which now TRAI have come out with. Basis both these things, it depends on the individual companies to define their own path," Scindia said. The third company in question is Elon Musk-owned Starlink, whose application for satellite communication services in India has been cleared by the Department of Telecommunications (DoT). However, it still needs to secure space regulator IN-SPACe's clearance in record time if it wants to roll out signals alongside competitors Airtel-backed Eutelsat OneWeb and Reliance Jio's satellite arm, Jio Space Limited. Both have received the Global Mobile Personal Communication by Satellite (GMPCS) services licence, needed to offer satellite-based broadband services in India. Organised by the Department of Telecommunications (DoT) and the Cellular Operators Association of India (COAI), IMC 2025 is expected to attract over 1.5 lakh visitors from 150-plus countries, feature over 400 exhibitors and partners, and more than 7,000 global delegates. The flagship start-up programme, ASPIRE, introduced in 2023, will feature over 500 start-ups and connect them with more than 300 investors, incubators, accelerators and VCs for mentorship, live pitching sessions and networking. IMC, Asia's largest digital technology forum, will also witness 800-plus speakers participating in over 100 conference sessions.
