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AGR ruling: COAI ignores Jio’s protest; seeks full waiver of telcos’ dues
NEW DELHI: Ignoring its member Reliance Jio’s contentions, telecom industry association COAI has shot off an ‘addendum’ to its earlier demands and has now sought a complete waiver of statutory dues that its other members such as Bharti Airtel and Vodafone-Idea owe to the government following the Supreme Court ruling.
The Cellular Operators Association of India (COAI) director-general Rajan S Mathews on October 31 shot of a second letter in as many as days to Telecom Minister Ravi Shankar Prasad seeking waiver of the “entire” amount of Rs 1.42 lakh crore due to its principal members Bharti Airtel and Vodafone Idea Ltd and other telecom operators “given the poor financial state of the sector.”
The Supreme Court on October 24 upheld the government’s position on including revenue from non-telecommunication businesses in calculating the annual gross revenues of telecom companies, a share of which is paid as licence and spectrum fee to the exchequer. It directed the telcos to pay the principal due together with interest and penalties within three months.
“However, if such a step (complete waiver of all dues) is not possible, we request that the government waive off the interest, penalty and interest on penalty. Since the disputed payments go back to accumulation over the past 14 years, we request that the principal repayment of past dues be done over a period of 10 years, with a two-year moratorium,” he wrote.
The demand made by COAI is exactly the same as the one made in an unsigned paper submitted to the Telecom Ministry on the day Bharti Airtel chief Sunil Bharti Mittal and his brother Rajan Mittal met Prasad and Telecom Secretary Anshu Prakash.
Billionaire Mukesh Ambani’s Jio, which is also a member of COAI, has been contesting claims of the inability of telcos to pay the statutory dues, for which they ideally should have provisioned in accounts in view of a legal dispute.
Jio says COAI shot off the first representation to the government on October 30 without waiting for its comments. It feels COAI for the benefit of some of its members is using a “threatening and blackmailing” tone in its communication to the government on the non-existent crisis in the sector following the Supreme Court ruling on payment of statutory dues.
Jio has separately written to Prasad opposing any bailout to telecom companies at taxpayer’s expense and asserted the COAI should not be considered an association representing the industry.
It has accused COAI of writing to government “under the influence of two of its members in furtherance of their vested interests” and accused the association of acting as a “mouthpiece of two service providers” and harboring a negative bias towards Jio.
There was no case for seeking any financial support from the government after the industry exhausted all its legal recourse, it feels.
Mathews in the October 31 letter stated that the support “will go a long way to ensure that the sector can start the path of recovery from the current situation over time and serve the cause of Digital India.”
With the telecom sector staring at a massive Rs 1.4 lakh crore payout following a Supreme Court order, the unsigned memorandum to the government had asked it not to press for adjusted gross revenue (AGR) dispute payment in its entirety, sources said adding the note argues that it could not be the intent of the government to enrich itself by charging licence fee and SUC on non-licensed revenue or income.
In the worst-case scenario, it has requested the government to levy only the principal amount (without any interest or penalty) pertaining to only license fee (not spectrum usage charges) that should be allowed to be paid over a period of 10 years without interest.
It sought a two-year moratorium on spectrum payments beyond April 2020 till March 2022, to ease the cash flow pressures on the industry without compromising the net present value of spectrum dues to the government. This will allow continuity of business investment in critical network deployment and purchase of additional spectrum, it said.
It further sought a reduction in licence fee from 8 per cent of annual revenues to 3 per cent, and said that the balance 5 per cent representing USO contribution be waived or suspended till the current unutilised fund of Rs 50,000 crore is used.
Source: Press Trust of India
NEW DELHI: Domestic contract manufacturer Optiemus Infracom has entered into a joint venture with US-based speciality glassmaker Corning International to set up India’s first manufacturing facility for producing high-quality finished cover glass parts for the mobile consumer electronics industry.
The collaboration between both the companies will help expand India’s electronics manufacturing ecosystem, as the Indian government strengthens its Make in India initiative. As a part of the joint venture, the companies strategically aim to set up a world-class manufacturing facility in India, powered by cutting-edge technologies and processes.
Driven by a shared commitment to innovation and technological excellence, this collaboration will pave the way for the manufacturing of “Made in India” finished cover glass parts for use in mobile consumer electronic devices, and other cover glass applications, to meet the needs of next-generation mobile consumer electronic devices.
The joint venture signifies a powerful synergy between Optiemus’s deep domestic industry and manufacturing knowledge of electronics and telecom market and Corning’s globally-acclaimed expertise in advanced glass technology. By combining these strengths, the joint venture aspires to not only establish cover glass manufacturing capabilities and capacity in India, but also to contribute significantly to the creation of jobs and skill development within India’s thriving technology sector, the companies said in a statement.
Ashok Kumar Gupta, Chairman, Optiemus Infracom, said, “It is a matter of great pride for us to actively contribute to the growing manufacturing ecosystem in the country. With this joint venture, initiated in line with the vision of Hon’ble Prime Minister of India of ‘Make in India’ programme and the “Atmanirbhar Bharat” initiative, we are committed to make available world-class high-quality products for global and local brands.”
“Embarking on this new journey, we intend to emerge as one of the top manufacturers of finished cover glass parts for use in mobile consumer electronic devices in the next five years. Our collective expertise in innovation, design, and manufacturing, will provide holistic solutions for the brands,” Gupta added.
NEW DELHI: Chipset maker MediaTek, which claims to power more than two billion connected devices every year, hosted ‘Catch-up with Tech’ in collaboration with handset brand Infinix on August 28 to share insightful and engaging conversations about the new-age smartphones and innovative technologies powering everyday lives.
The meet-up threw the spotlight on the MediaTek Dimensity Auto, Satellite solutions and Generative AI along with an extensive showcase of newly-launched Infinix Zero 30 5G powered by MediaTek Dimensity 8020, Infinix GT 10 Pro powered by MediaTek Dimensity 8050, and Infinix QLED TV powered by MediaTek.
In terms of specs, the Infinix Zero 30 5G is tailored for young storytellers and creators, featuring the first-ever smartphone to deliver 4K 60fps video recording from its 108 MP OIS rear camera and ultra-high resolution 50MP front camera. The Zero 30 series powered by MediaTek Dimensity 8020 is said to be a game changer for the front camera vlogging experience along with being the slimmest curved AMOLED smartphone in the segment with glass and a vegan leather back panel. It also claims to be one of the most premium-looking devices in the segment.
The event witnessed a panel discussion moderated by Anuj Sidharth, Deputy Director Marketing & Corporate Communications, MediaTek and included expert panelists from Infinix, MediaTek and two renowned professional photographers.
“With the fifth edition of Catch-up with Tech, we aim to bring consumers closer to the technology and enable them to make informed buying decisions based on their diverse needs. In collaboration with Infinix, this meet-up is in-line with MediaTek’s vision of technology democratization and making innovative technology accessible to everyone,” said Anku Jain, Managing Director, MediaTek India. “The MediaTek Dimensity 8020 in Infinix Zero 30 5G brings faster displays, brilliant cameras and ultra-fast performance. Further, MediaTek Imagiq technologies enrich the capture experience by combining dedicated AI, imaging processors and accelerators to provide incredible results,” he added.
Anish Kapoor, CEO, Infinix Mobile India, said, “Featuring India’s first 50MP 4K 60 fps video recording, Infinix Zero 30 5G is primed to redefine smartphone imaging capabilities, setting a new standard for the creators and vlogging enthusiasts. Our collaboration with MediaTek has played a pivotal role in shaping our exceptional smartphone portfolio, and the Zero 30 5G stands as evidence of our unwavering commitment to innovation and delivering unmatched experiences to our users. The display and design of the device represent a leap forward in smartphone technology. As Infinix Zero 30 5G hits the shelves, we are positive that our customers will find this new offering as exhilarating as we do, further empowering creators to capture their story like never before.”
Radhakrishnan Chakyat, a photography evangelist, founder and host of Pixel Viilage, said, “Infinix Zero 30 5G smartphone powered by MediaTek Dimensity 8020 chipset has amazing hardware features, an excellent camera, dual-view video mode and is primed for optimal content creation and saves a tremendous amount of editing time.”
Aarzoo Khurana, a wildlife photographer, said, “Over the last few days, I clicked various pictures and recorded a few videos with the newly-launched Infinix Zero 30 5G powered by MediaTek Dimensity 8020, and the experience has been truly inspiring. Infinix’s smartphone’s OIS feature helps content creators click shake-free pictures and the front camera, which is extremely sharp and detailed, enables content creators to click countless selfies.”
NEW DELHI:Ampverse, a leading ecosystem of gaming communities and IPs in Asia, has teamed up with DMI Finance, India’s leading non-banking financial company, to fuel the growth of esports in India.
The two companies will co-develop and launch a series of esports intellectual properties (IP) and data-driven products and services for gamers in India. The first IP being launched is College Rivals.
The unveiling of the launch video of College Rivals by Ampverse DMI offers an intriguing glimpse into the forthcoming excitement that awaits the gaming community. Gaming enthusiasts can expect a fusion of high-energy esports tournaments, mentorship from accomplished professional players, appearances by influential gaming figures, and numerous other exciting elements as the launch of College Rivals draws near.
College Rivals aims to foster a sense of unity among college students through thrilling esports competitions, characterised by vibrant tournaments, influencer engagements, musical interludes, and intensive training camps that aim to propel players to the zenith of Indian esports excellence. The overarching objective of this initiative is to nurture emerging gaming talent within India, cultivating a spirited and inclusive college community.
The collegiate IP – College Rivals will be travelling across various cities like Delhi, Bangalore, Hyderabad, Pune and Mumbai to handpick top-tier players from each location, and later concluding its journey to host the highly anticipated ‘Grand Finale’ event in Mumbai in early 2024. Here, champions from the six featured games will be celebrated, bringing India’s largest esports talent hunt close with unparalleled excitement for participants, according to the press statement.
Charlie Baillie, CSO, Ampverse, shared his excitement about this new venture, “I’m proud to announce the launch of the first collaboration from Ampverse DMI in India, guided by a shared vision to both nurture and unlock the vast potential of the nation’s rapidly growing esports and gaming sector. Extensive strategic efforts from both DMI and Ampverse teams have culminated in our exciting first new venture, dedicated to providing exceptional gaming experiences and a platform to identify the best talent within the Indian college esports community.”
Shivashish Chatterjee, Co-founder and Joint Managing Director of DMI Finance, shares, “We are thrilled to launch College Rivals as the first product of DMI’s partnership with Ampverse. We firmly believe that esports is a significant part of the future of both competitive and spectator sports in India. The journey of esports to the mainstream of competition and entertainment promises to be exhilarating, and DMI is committed to supporting this evolution to the fullest extent.”
Ampverse DMI also unveiled the Gaming Truck – an ingenious and immersive gaming experience primed to embark on a captivating journey across the campuses of Delhi’s colleges. This gaming truck is a hub of excitement, boasting an array of gaming stations paired with a dynamic DJ setup, promising an enthralling entertainment encounter for all in attendance, the companies said in a statement. The Gaming Truck will be travelling 5,000 kilometres, charting its course through five pivotal cities – Delhi, Mumbai, Bangalore, Pune, and Hyderabad as a part of its journey.
With College Rivals, both participants and spectators alike can anticipate an array of activities, and the exhilarating presence of some of their cherished gaming influencers.
Optiemus Infracom joins hands with Corning International
MediaTek Catch-up with Tech: Infinix Zero 30 5G with Dimensity 8020 launched
Ampverse joins hands with DMI Finance
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