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Telecom Panel Says “Yes” to the Frequency Switch



The Telecom Commission has decided to change the frequency bands associated to the mobile operator’s GSM technology that was flagged by the companies, who claimed that they had to right away compensate INR 55,000 Cr for adding the infrastructure.

R Chandrashekhar, telecom secretary head for the telecom commission panel said that operators said that the additional burden will prompt them to increase the call charges, which are lowest now. The entire frequency spectrum of 900 MHz will get reframed. Recommendations have to get endorsed by the ministers empowered group and that is scheduled to meet this Thursday.

Starting from 2014, when mobile operator licenses come for renewal, operators like Airtel, Bharti, Idea and Vodafone have to change their frequency to 1,800 mega hertz. It is the proposal that was endorsed by telecom regulator.

For this new frequency band, telecom companies have to pay the price that is determined by the market. However, there will be few technical issues if all the operators switch to the 1,800 Mhz. More base stations and signal boosters are required for signal penetration through building walls.

The companies have the option for retaining the frequency in 900 MHz band, when it is auctioned in 2nd half of 2013. Operators who were not successful in bidding, have to vacate 900 MHz frequency band within eighteen months.

Operators will oppose this as they want to avoid the additional investment when they find that intense competition will reflect the overall margin.

In a study, Cellular Operators Association of India representing GSM players said that almost 1.72 lakh base stations should be added to the current 2.86 lakh base stations. It results in total capital expenditure of around INR 55,000 Cr. Annual operating expenses are projected to get increased and cross INR 11,750 crore.

This switching decision will be a death knell to mobile operators, since they are facing a hard time due to unreasonable harsh and irrational government decisions on the spectrum reserve pricing, one time license fee, and usage charges.

The lobby groups that represent dual technology firms like Tata and Reliance Communications have welcomed this particular move saying that they will make level playing field.

Chandrashekhar said that the Telecom Commission panel has considered 3 alternatives, which include allowing re-framing half of 5 MHz spectrum available with the companies but settled for complete frequency switch.

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Top 3 Gainers: Zynga (NASDAQ:ZNGA), Eros International (NYSE:EROS), Borqs Technologies’ (BRQS)




Zynga (NASDAQ:ZNGA) is up 2.5% after Benchmark reiterated its Buy rating in a look-ahead at Q2 earnings. The firm’s expecting a beat and solid guidance for Q3, and it’s raising its guidance for the fiscal year.

Tailwinds from the pandemic won’t dissipate easily, Benchmark suggests, and the videogame maker’s acquisition of Peak (and with it new “forever franchises” in Toon Blast and Toy Blast) will drive audience, bookings, margins and free cash flow, it says. The firm has an $11 price target, now implying 14% upside.

Eros International (NYSE:EROS) is up 5.8% today, making up the last week’s lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).

That will mean Eros Now’s app is pre-installed on selected Sony smart televisions in India, along with availability on a large base of existing models (Bravia E series and newer).

The country over the past year has seen a 25% growth in demand for smart TVs, fueled by overall industry growth of 15%, to a record 15M units/year.

Borqs Technologies’ (BRQS) personal safety tracker sees strong market with increased orders from the electronics retail chain in the US.

The boost in product demand comes ahead coronavirus pandemic that provides company to expect delivery of 250K units this year. It reflects over 3x the volume delivered in 2019, the year of its launch.

Borqs’ mobile personal safety devices designed particularly for senior citizens come with panic button, location tracking, and fall detection.

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Tesla, Inc. (TSLA): US agencies investigate fatal Tesla Model 3 crash in Florida



American safety officials are looking into the circumstances surrounding another fatal Tesla, Inc. (TSLA) crash. Both the NTSB and the NHTSA have confirmed that they’re investigating a collision between a Model 3 and a semi truck in Delray Beach, Florida on March 1st. According to the police report, the truck was turning left to enter a main thoroughfare when the Model 3 crashed into the semi’s trailer, shearing off the car’s roof and killing the driver. It’s not certain if Autopilot was active, although the Model 3 kept traveling for more than 500 yards before coming to a stop.

Why ASDN Could Massively Outperform TSLA in 2019

Tesla said in a statement that it was “deeply saddened” about the collision and was “reaching out” to authorities to cooperate. The NTSB added that it typically takes one to two years to complete investigations like this.

This certainly isn’t the first time US safety agencies have investigated Tesla crashes to determine the possible role of Autopilot. However, there are unusually close parallels to a deadly incident from May 2016, when a Model S driver in Florida struck a trailer. His vehicle had Autopilot engaged and also kept going a significant distance after the crash, although investigators cleared Tesla and noted that the driver in that case ignored safety warnings. While the particular circumstances are different, it wouldn’t be out of the question for agents to compare the two cases.

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Amazon (NASDAQ:AMZN), Qualcomm (NASDAQ:QCOM) Are In News On Monday



Evercore raises its Amazon (NASDAQ:AMZN) price target from $1,800 to $1,965 saying that gross profit has become a “more important indicator” than Y/Y revenue growth.

Key quote: “As such, we remain bullish on AMZN at least in part because the company’s gross profit is expected to grow ~400bps faster than revenue for AMZN over the next 3 years.”

Why Investors Are Calling ASDN the AMZN of the Sky!

Amazon shares are up 0.9% pre-market to $1,686.

Qualcomm (NASDAQ:QCOM) alleges in a San Diego federal court that Apple (NASDAQ:AAPL) violated three of its patents and asks for tens of millions of dollars in damages.

Qualcomm has filed a series of patent actions against Apple around the world that will conclude before the antitrust trial starting in April, which will hear Apple’s challenge to QCOM’s business model.

Have you seen the article Forbes wrote about the ASDN Flying Passenger Drone and its technology?

U.S. District Judge Dana Sabraw will open an eight-day trial today deciding whether Apple violated Qualcomm’s patents with its iPhones that contain Intel (NASDAQ:INTC) chips.

Qualcomm shares are up 0.8% pre-market to $54.65.

Apple shares are up 0.5% to $175.88.

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