Reliance Jio announces tariff hikes up to 25% on prepaid and postpaid plans, effective July 3, 2024, following spectrum acquisition.

Starlink India gets DoT license, plans launch in 12 months. New satellite internet could shake up Jio and Airtel.

TRAI issues recommendations on revising the National Numbering Plan to ensure reliable telecommunication services, including new dialing patterns and measures against CLI spoofing.

YouTube video by Get The Marvel

NEW DELHI (Reuters) -A group representing Indian telecom giants Reliance Jio and Bharti Airtel (NSE:BRTI) has said their businesses will suffer if India prices satellite spectrum at "unjustifiably low" rates that benefit satellite internet services such as Elon Musk’s Starlink. India’s telecom regulator in May proposed satellite service providers pay 4% of their annual revenue to the government for offering services. Starlink had lobbied India not to auction spectrum but just assign licences in line with a global trend, saying it is a natural resource that should be shared by companies. The Cellular Operators Association of India in a May 29 letter to the telecoms ministry sought a review of those pricing proposals, saying traditional players pay higher upfront auction charges for telecoms spectrum which make their payments to the government for spectrum roughly 21% higher, when compared to what satellite players would pay. "Price per MHz should be equivalent or at least comparable for both, especially when used to reach the same consumers for identical services," said the letter, seen by Reuters. "Satellite services can offer competitive and affordable alternatives to terrestrial broadband," it added. Reliance, led by Asia’s richest man Ambani, and Airtel didn’t respond to Reuters’ request for comment. Starlink was not immediately available for comment. A senior Indian government source told Reuters on Wednesday the telecoms ministry is still reviewing the pricing recommendations made by the regulator, adding such industry concerns have been raised in the past. Telecom (BCBA:TECO2m) players like Reliance Jio are concerned they will be offering similar wireless broadband services as satellite providers but paying much more, said an industry source with direct knowledge of the situation. Reliance and others have spent nearly $20 billion in recent years to get 5G spectrum via auctions to offer telecom, data and broadband services. Ambani’s company unsuccessfully lobbied New Delhi for months to auction satellite spectrum, and not allot it administratively as Musk’s Starlink wanted. The process of Starlink getting a license is "nearly complete", telecoms minister Jyotiraditya Scindia told The Print news website on Tuesday. Should you invest $2,000 in TECO2m right now? With TECO2m making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed TECO2m alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including TECO2m, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is TECO2m poised for similar growth? Don't miss the opportunity to find out.