Author: Newsbit

  • ZEE continues its R.I.S.E. journey in Delhi with its major new chapter

    ZEE continues its R.I.S.E. journey in Delhi with its major new chapter

    Zee Entertainment Enterprises Ltd. (ZEEL), one of India’s leading entertainment powerhouses, continued its multi-city marquee initiative R.I.S.E with a compelling event in Delhi. After the spectacular launch in Mumbai, the Delhi chapter brought together an eclectic mix of India’s most forward-looking marketers, growth-stage businesses, and retail visionaries.

    The Delhi edition carried forward the immersive format of the inaugural event, with compelling keynote sessions, curated experiences, and insightful discussions focused on how ZEE’s full-funnel advertising ecosystem is helping brands scale across India. This includes ZEE’s portfolio of over 50 channels, ZEE5 (OTT), YouTube network, social platforms, regional IPs, and a nationwide influencer network—all seamlessly integrated to deliver ultimate business solutions at scale.

    Strengthening this offering is ZEE’s tech-first approach, which focuses on combining content creation with emerging technologies to identify value-driven opportunities, enhance targeting, and deliver improved consumer experiences to enable brands to convert storytelling into measurable outcomes.

    Speaking on the launch, Mr. Ashish Sehgal, Chief Growth Officer, Zee Entertainment Enterprises Ltd., said: “Delhi is a high-opportunity market, and R.I.S.E is our promise to deliver measurable brand and business growth in such dynamic environments. From building awareness to driving action, ZEE’s omnichannel ecosystem is designed for measurable outcomes. Our strength lies in uniting the power of content, data, and distribution into one integrated growth engine.”

    Conceptualised as a flagship initiative, R.I.S.E stands for Results | Integration | Strategy | Engagement. Through the initiative, ZEE aims to earn trust through value-first storytelling and giving businesses tools that convert media into measurable growth. It’s designed as a powerful platform to unite India’s marketing, media, and investment communities. The platform brings together a diverse mix of visionary brand builders, senior marketers, retail clients, venture capitalists, new-age digital businesses, and small business entities who are all looking to scale, disrupt, and grow in today’s evolving market landscape.

    Following the successful event in Delhi, R.I.S.E will continue its journey to Bengaluru, Chennai and Kolkata, furthering its mission to empower and support brands across key growth markets. News Mantra

  • Bharti Airtel exceeds TCS & sets a new market value milestone

    Bharti Airtel exceeds TCS & sets a new market value milestone

    Bharti Airtel (Airtel) on Monday edged past Tata Consultancy Services (TCS) to become the country’s third most valuable company.

    At the last close, the telecom major was valued at Rs 11.45 trillion, while TCS’ market capitalisation stood at Rs 11.43 trillion. Occupying the top positions were Reliance Industries and HDFC Bank with market capitalisations of Rs 19.3 trillion and Rs 15.34 trillion, respectively.

    The two stocks have moved in opposite directions over the past year. While Airtel is up 30 per cent over the past year, TCS is down 26 per cent, leading to the 56 percentage point difference between the two over this period.

    The gains for Airtel are on the back of subscriber premiumisation, fall in capex intensity and expectation of higher free cash flows going ahead. Jefferies in a recent report pointed out that at 42 per cent annual earnings growth and one-time price to earnings growth, Airtel is the cheapest stock among Indian consumer/largecap space.

    The brokerage expects strong growth and falling capex intensity to drive a 25 per cent annual growth in free cash flows and a 70 per cent rise in return on capital employed by FY28.

    Airtel, according to the brokerage, is on track to $200 billion in market capitalisation (around $130 billion now) in two years given that mega-caps in telecom have emerged only from those countries that have high-population (300 million plus) and limited competition (<4 operators).

    On the other hand, the country’s largest software company is struggling with falling growth and muted outlook. What has plagued the software sector and the company are delays in decision-making and project commencement amid heightened macro uncertainty. While the management expects FY26 to be better than FY25, aided by a recovery in the second half and led by a strong deal pipeline, near-term demand remains muted, mainly due to macroeconomic uncertainty and geopolitical factors.

    “Much against the industry perspective that the worst was largely behind in Q4FY25, it looks like that uncertainty’s impact on demand intensified in Q1FY26, leading to even sectors like BFSI declining on a Q-o-Q basis,” BOB Capital Markets in a post Q1 note said.

    The slowdown intensification has caught TCS by surprise, leading to lowering of utilisation and, therefore, impacting its margins adversely, said the brokerage, which has a hold rating. Business Standard

  • China rejects its role in the cyberattacks on Singaporean infra

    China rejects its role in the cyberattacks on Singaporean infra

    The Chinese embassy in Singapore refuted claims that an espionage group accused of performing cyberattacks on Singapore’s critical infrastructure was linked to China.

    In a Facebook post published over the weekend, the Chinese embassy said such claims were “groundless smears and accusations”.

    “The embassy would like to reiterate that China is firmly against and cracks down all forms of cyberattacks in accordance with law. China does not encourage, support or condone hacking activities.”

    A Singapore minister said the espionage group UNC3886 was “going after high value strategic threat targets, vital infrastructure that delivers essential services” but did not give details of the attacks.

    The minister did not link the group to China but Google-owned cybersecurity firm Mandiant has described UNC3886 as a “China-nexus espionage group” that has attacked defence, technology and telecommunications organisations in the United States and Asia.

    Beijing routinely denies any allegations of cyberespionage, and says it opposes all forms of cyberattacks and is in fact a victim of such threats.

    Singapore’s critical infrastructure sectors include energy, water, banking, finance, healthcare, transport, government, communication, media, as well as security and emergency services, according to the country’s cyber agency. Reuters

  • Reliance Industries posts its highest-ever profit, its shares fall

    Reliance Industries posts its highest-ever profit, its shares fall

    Shares of Reliance Industries Ltd (RIL) slipped in trade on Monday after the diversified conglomerate reported its earnings report for the quarter ended June 30, sparking bullish brokerage commentary.

    Reliance Industries reported a 77 percent gain in net profit for the June quarter to Rs 30,783 crore, driven by a one-time gain from divesting its stake in Asian Paints. Even after excluding the Rs 8,924 crore gain, profit was up 25 percent year-on-year, as against Rs 15,138 crore in the same quarter last year.

    Further, consolidated revenue rose 6 percent to Rs 2.73 lakh crore, while EBITDA climbed 36 percent to Rs 58,024 crore.

    Segment-wise performance
    Jio Platforms posted a 25 percent rise in profit to Rs 7,110 crore, with EBITDA up nearly 24 percent to Rs 18,135 crore. Net subscriber additions remained strong at 9.9 million during the quarter, taking the total to 498.1 million.

    Reliance Retail’s revenue rose 11.3 percent from a year earlier to Rs 84,171 crore, with EBITDA rising 12.7 percent to Rs 6,381 crore. Consumer brands under the FMCG business reported sales of Rs 11,450 crore in just their second year.

    The oil-to-chemicals (O2C) business saw revenue dip 1.5 percent to Rs 1.55 lakh crore from a year earlier due to lower crude prices and planned maintenance shutdowns. However, EBITDA rose 11 percent to Rs 14,511 crore due to favourable margins on domestic fuel retail, and improvements in transportation fuel cracks.

    On the new energy business of RIL, which is focused on building a comprehensive and integrated renewable energy ecosystem, Karan Suri, Senior Vice President, New Energy, noted that the new energy business will become a self-funded platform in a few years through its profitability and monetisation.

    Should you buy, sell, or hold?
    Motilal Oswal has maintained a ‘Buy’ rating on Reliance Industries with a target price of Rs 1,700, expecting strong growth across key segments. Reliance Jio is seen as the main driver, with the brokerage expecting a 19 percent EBITDA CAGR over FY25-28, supported by a likely tariff hike, market share gains, and continued expansion.

    According to the brokerage, Reliance Retail’s growth is also expected to recover, with 14-15 percent CAGR in revenue and EBITDA. A rebound in the oil-to-chemicals segment, aided by better refining margins, is likely to lift overall earnings, with RIL’s consolidated EBITDA and PAT projected to grow at an 11 percent annual average over FY25–27.

    Morgan Stanley maintained its ‘overweight’ rating with a target price of Rs 1,617. The broking house noted the optimistic guidance from the company, including a plan to double earnings by 2029, despite some near-term misses in retail revenue growth and fuel refining performance. Going ahead, Morgan Stanley believes that the new energy and telecom segments, along with a strong balance sheet, are key positives for RIL.

    Jefferies has reiterated its ‘buy’ rating on Reliance Industries with a target price of Rs 1,726. While the oil-to-chemicals (O2C) segment was impacted by a refinery shutdown, the brokerage sees a constructive outlook for refining going forward.

    According to Jefferies, investor focus will shift to the upcoming AGM, with hopes of a Jio listing following a likely tariff hike. The brokerage projected an EBIDTA growth for the full financial year 2026 at 11 percent.

    Japan-based Nomura also kept its bullish view intact, with a ‘buy’ call on Reliance Industries and a target price of Rs 1,600 per share. Moneycontrol

  • US opposes WHO’s reforms to the world’s health norms

    US opposes WHO’s reforms to the world’s health norms

    The United States has rejected amendments adopted in 2024 by members of the World Health Organization to its legally binding health rules aimed at improving preparedness for future pandemics following the disjointed global response to Covid-19.

    The Department of State and Department of Health and Human Services said in a statement they had transmitted on Friday the official US rejection of the amendments to the International Health Regulations, which were adopted by consensus last year.

    The amendments introduced a new category of “pandemic emergency” for the most significant and globally threatening health crises in an effort to shore up the world’s defenses against new pathogens.

    “Developed without adequate public input, these amendments expand the role of the WHO in public health emergencies, create additional authorities for the WHO for shaping pandemic declarations, and promote WHO’s ability to facilitate ‘equitable access’ of health commodities,” the US statement said.

    “Terminology throughout the 2024 amendments is vague and broad, risking WHO-coordinated international responses that focus on political issues like solidarity, rather than rapid and effective actions,” said the statement, jointly issued by Secretary of State Marco Rubio and Secretary of Health and Human Services Robert F. Kennedy Jr.

    Kennedy, who has a long history of sowing doubt about vaccine safety, had slammed the WHO in a video address to the Assembly during its vote on a separate pandemic agreement, saying it had failed to learn from the lessons of the pandemic.

    That pact, which was adopted in Geneva in May after three years of negotiations, aims to ensure that drugs, therapeutics and vaccines are globally accessible when the next pandemic hits. It requires participating manufacturers to allocate a target of 20% of their vaccines, medicines and tests to the WHO during a pandemic to ensure poorer countries have access.

    US negotiators left discussions about the accord after President Donald Trump began a 12-month process of withdrawing the US – by far the WHO’s largest financial backer – from the agency when he took office in January. Its exit means the US would not be bound by the pact.

    Kennedy and Rubio said on Friday that their rejection protects US sovereignty. The IHR amendments and the parallel pandemic pact leave health policy to national governments and contain nothing that overrides national sovereignty, however. Reuters

  • EHRS must fix gaps in analytics tool rules

    EHRS must fix gaps in analytics tool rules

    The HIMSS Electronic Health Record Association has responded to a new request for information from the U.S. Department of Health and Human Services, seeing it as a critical opportunity to examine regulations that don’t reflect current technology or market realities, and to correct “misaligned” approaches to rulemaking.

    The EHRA submitted comments about its reform and deregulatory priorities to the HHS in response to its RFI, “Ensuring Lawful Regulation and Unleashing Innovation To Make America Healthy Again Request for Information.”

    Why it matters
    The coalition of health technology vendors has long held that an expansion of Food & Drug Administration oversight of medical device regulation to technology already subject to oversight through the Office of the National Coordinator for Health Information Technology Certification Program is beyond the statutory boundaries of the 21st Century Cures Act.

    “As the federal government seeks to modernize its regulatory approach and support innovation across healthcare, we urge HHS to focus on clarity, alignment with statutory intent and the elimination of low-value or duplicative regulatory requirements,” the EHR Association said in its July 14 comment letter.

    The organization’s position is that EHR systems should not be regulated as medical devices, and certain guidance issued in 2022 is having “a chilling effect on developers’ willingness to invest” in tools needed to support public health and value-based care programs.

    “The EHR Association urges HHS to rescind the FDA’s Final Guidance on Clinical Decision Support Software, which clearly conflicts with the seven principles outlined in Executive Order 14219,” the organization said.

    “Most notably, the guidance lacks statutory grounding, introduces legal ambiguity, imposes excessive costs and deters innovation.”

    Instead, the EHR Association said the FDA should “reinstate or revise the 2019 draft guidance” to “explicitly exclude CDS functionality embedded in certified EHRs” and eliminate new regulatory constructs, including time-critical decision-making and automation bias, introduced in the latest guidance.

    The trade organization also said other HHS regulations and policies also fall within the deregulatory scope outlined in the Trump administration’s Executive Order 14212.

    These include clarifying Predetermined Change Control Plans requirements, addressing bias in classifying products as devices that impose user fees, modifying outdated HIT certification testing tools and better defining certain interoperability requirements.

    The organization also urged HHS to clarify electronic case reporting requirements – automated reporting of public health conditions, including chronic disease indicators – and “provide adequate funding and technical support” for the Centers for Disease Control and state, tribal, local and territorial authorities.

    “Instead of deregulation in this case, success relies on stability, coordination and capacity building,” the EHR Association said.

    The larger trend
    The FDA said in January that while it is committed to deploying new medical devices faster, it will take a science-based approach to its requirements for medical devices powered by artificial intelligence and machine learning.

    Then, in April, the Assistant Secretary for Technology Policy updated guidance that healthcare organizations use to assess and optimize the safety of their EHRs. The 2025 Safety Assurance Factors for EHR Resilience Guides contain CURES Act revisions, including the use of AI for clinical care, cybersecurity and integration of FDA-approved medical device data into EHRs.

    On the record
    “As the federal government seeks to modernize its regulatory approach and support innovation across healthcare, we urge HHS to focus on clarity, alignment with statutory intent, and the elimination of low-value or duplicative regulatory requirements,” the EHRA said in its letter. “The recommendations in this response reflect the practical realities our member companies face in delivering high-quality, interoperable and patient-centered digital health tools.” Healthcare IT News

  • India’s GCCs arise into crucial parts of the global healthcare value chain

    India’s GCCs arise into crucial parts of the global healthcare value chain

    By 2030, GCCs in healthcare, life sciences sectors will increase to 160 centres from 100 now

    India’s Global Capability Centers (GCCs) have steadily evolved from cost-saving outposts to critical infrastructure in the global healthcare value chain. Nowhere is this transformation more evident than in the life sciences and healthcare (LSHC) sector – where digital health, regulatory services, and AI-enabled analytics are increasingly being delivered not just from India’s metros, but from cities once considered peripheral to the innovation map.

    Tier-2 cities are not merely absorbing overflow. They are actively stepping into the spotlight. Today, India hosts over 100 LSHC GCCs, employing more than 280,000 professionals. By 2030, that number is expected to reach 160 centers and over 420,000 employees. The shift underway is not just quantitative. It is geographic. And strategic as well.

    “Tier-2 cities are emerging as ideal candidates for housing next-generation LSHC GCCs,” Ritu Baliya, Associate Director – Strategy, Healthark Insights, told The Hans India. “Strong policy support, sector-specific academic pipelines, and improving infrastructure are enabling global enterprises to expand with confidence – not just at lower cost, but with greater long-term alignment”. Ritu Baliya, with over 10 years of experience, has been advising life sciences and healthcare clients worldwide on strategy and market insights. She also supports the growth of Global Capability Centers by helping organizations tap into India’s evolving innovation and talent ecosystem.

    From Kochi to Warangal, Vadodara to Coimbatore, a new network of cities is rewriting the operational map for life sciences capability. These urban centers are now offering what once only metros could: talent continuity, access to clinical and regulatory institutions, and robust digital infrastructure. Importantly, they are doing so with lower attrition, higher workforce stability, and sharper sectoral focus. State governments have accelerated this trend by moving from generic IT policies to GCC-specific blueprints. Telangana, already a recognized tech leader, is seeing growing GCC activity in Warangal, Karimnagar, and Nizamabad, building on Hyderabad’s momentum. As per ANSR’s Q4’23 GCC report, 3 of 14 new GCCs and 7 of 29 expansions in India occurred in Telangana alone. This momentum is not accidental. With commercial property rates and power tariffs lower than in states like Maharashtra and Karnataka, and a data center pipeline expected to grow from 44 MW in 2023 to 128 MW by 2026, the state is creating the right conditions for digital health operations to flourish. It also helps that Telangana has the highest percentage of employable youth (18–21 years) in India, according to the Wheebox National Employability Test.

    Andhra Pradesh, too, is moving with intent. The state is positioning Visakhapatnam as a strategic Tier-2 hub for LSHC GCCs by offering rental subsidies of`2,000 per seat for 24 months, power incentives for five years, and housing and education allowances of up to`1 lakh per employee. Combined with an affordable, trained talent pool and a growing appetite for public-private collaboration, AP’s model is quietly gaining traction.

    In Gujarat, the state’s life sciences backbone is being augmented with policy muscle. Gujarat’s vision includes attracting 250 new GCCs, creating over 50,000 jobs, and securing Rs 10,000 crore in investments. GCCs operating in the state benefit from 100 per cent electricity duty waivers for five years, 80 per cent reimbursement of quality certification fees, and provident fund reimbursements – 100 per cent for female employees and 75 per cent for male employees. For companies operating in regulatory affairs, R&D, and clinical operations, Gujarat offers both capability and continuity.

    Tamil Nadu is driving a MedTech and digital health GCC agenda with Rs 2,295 crore allocated toward expanding operations beyond Chennai. Coimbatore, Madurai, and Trichy are seeing early momentum as the state leverages its industrial legacy, IT base, and deep manufacturing ecosystem to attract global healthcare enterprises. Ongoing investments in IT parks and industrial corridors are reinforcing this long-term intent.

    Even states that were previously outside the GCC narrative are making credible plays. Uttar Pradesh, for instance, has introduced a targeted GCC policy aimed at channeling investment into Lucknow and Kanpur – home to premier institutions like CDRI and SGPGI. Companies setting up in eligible zones receive land subsidies of up to 50 per cent, 100 per cent stamp duty exemptions, and capital investment subsidies. With foundational infrastructure in place and a large workforce base, UP is building a research-oriented positioning that complements its demographic scale.

    The corporate response has been pragmatic – and increasingly bold. In Kochi, Aster DM Healthcare’s Rs 850 crore investment reflects confidence in Kerala’s strategic push toward high-impact healthcare. The Invest Kerala Global Summit has spotlighted Kochi’s readiness for innovation-driven GCCs. In Coimbatore, firms are experimenting with digital twin models – simulating drug processes, piloting MedTech innovations, and fine-tuning delivery strategies before global rollouts. Vadodara, long a stalwart of the pharmaceutical industry, is attracting attention from global players looking to scale regulatory and analytics capabilities outside saturated metros. And Warangal – powered by its proximity to Hyderabad, NIT-trained talent, and operational setups by LTI Mindtree and Genpact – is becoming a blueprint for how smaller cities can host enterprise-critical operations.

    “The attractiveness of Tier-2 cities lies not just in cost arbitrage,” Baliya notes. “It’s in the growing belief that operational excellence and innovation maturity can be achieved outside traditional hubs – with the right partners, policies, and infrastructure.” This shift is more than a footnote in India’s GCC evolution. It signals the emergence of a broader, more resilient ecosystem – one that supports diversification, accelerates hiring, and anchors capability where it’s most scalable. For global life sciences companies, Tier-2 cities offer a rare trifecta: affordability, depth, and dependability.

    Importantly, this decentralization aligns closely with India’s macroeconomic ambitions. As Telangana and other forward-looking states aspire toward the $1 trillion economy mark, the integration of Tier-2 cities into the global services grid isn’t just an operational play – it’s a national strategy. It widens the talent funnel, localizes innovation, and deepens India’s relevance in global healthcare supply chains.

    As the healthcare industry becomes more data-intensive, digitally managed, and globally distributed, Tier-2 cities are no longer the second option. They are rising – with intent, with talent, and with a model that fits the future of healthcare delivery. The Hans India

  • Jio’s IPL-driven promos ought to show stable Q1 FY26 results

    Jio’s IPL-driven promos ought to show stable Q1 FY26 results

    Reliance Jio Infocomm Ltd, is expected to have posted a steady performance in the June quarter of FY26, aided by strong subscriber additions and promotional offers during the Indian Premier League (IPL), analysts said.

    The company offered a free 90-day JioHotstar subscription and free trials for its fiber broadband and fixed wireless access (FWA) services during the quarter, helping boost user engagement during the June quarter.

    Here are the key factors to watch as the telecom operator, along with its parent Reliance Industries Ltd, announces its Q1FY26 results on 18 July:

    Profit and earnings
    Reliance Jio’s standalone revenue from operations is expected to grow 2.9% quarter-on-quarter (QoQ) and 16.6% year-on-year (YoY) to around ₹30,900 crore, the average of three brokerage estimates showed. Revenues grew 2.4% sequentially in the March quarter.

    The company’s net profit is expected to grow 2.2% on-quarter and 25% on-year to about ₹6,788 crore, according to estimates from two brokerage houses.

    “Jio is expected to see the fastest top-line growth, supported by strong net adds,” said Axis Securities in a note dated 7 July.

    Jio Platforms, which houses Reliance Industries Ltd’s telecom and digital services business, is expected to report a 3.4% QoQ and 19.4% YoY growth in its revenue to ₹35,147 crore for the June quarter, according to analysts at Axis Securities. Net profit is expected to increase 5.6% QoQ and 30.1% YoY to ₹7,416 crore, it added.

    “Standalone Jio Platforms (JPL), which is primarily Jio’s enterprise segment, should continue to see strong growth,” Axis Securities said in the note.

    ARPU, subscriber base
    For Jio, average revenue per user (ARPU) is likely to be ₹209.3, up 1.6% sequentially, the average of three brokerage estimates shows. ARPU indicates how much money a telecom operator makes on average from each customer per month.

    ARPU growth of the company was led by 5G FWA addition and higher number of days during the quarter, according to a note dated 6 July by brokerage house Centrum Broking.

    According to data by the Telecom Regulatory Authority of India (Trai), Jio FWA subscriber base stood at 6.88 million as of May end, thereby capturing 82% market share.

    “Jio was on the verge of becoming the largest fixed wireless access (FWA) player globally as of end-May (we estimate it would have overtaken T-Mobile in June),” said analysts at IIFL Securities in a note dated 3 July.

    FWA uses 5G networks to provide fast, reliable internet to homes and businesses without needing fibre or cables.

    Analysts estimate that the company added 8 million overall wireless subscribers during the quarter, bringing the base to 496 million. The company had added 6.1 million subscribers in the preceding quarter.

    In the March quarter earnings release, the company said the new additions were driven by the rebound of mobility additions post-tariff hike and the steady ramp-up of connected homes. However, analysts said the benefit of the July 2024 tariff hike is already reflected in the Arpu.

    “Telecom operators took tariff hikes in July 24, and Q4FY25 Arpu largely factors in the entire benefits; impact of SIM consolidation on subscribers should be largely behind,” brokerage house ICICI Securities said in a note dated 8 July.

    Centrum Broking said the pricing environment has become more favourable with only 3+1 players (Bharti Airtel, Reliance Jio, Vodafone Idea and BSNL) and this was also evident in July 2024 tariff hike by all three leading telcos as the focus shifts towards increasing Arpu to improve overall return on capital employed (ROCE) profile.

    “We expect another 12-15% tariff hike by the end of FY26,” analysts at Centrum Broking said in the note.

    Ebitda estimates
    According to average estimates of three brokerage houses, Reliance Jio’s standalone earnings before interest, taxes, depreciation, and amortisation (Ebitda) are expected to grow 3.5% quarter over quarter and 17.9% year over year to ₹16,407 crore owing to the impact of tariff hikes.

    “Ebitda margin expected to improve by 20 bps (basis points) QoQ to 53.0%, analysts at Centrum said.

    Notably, in March Jio Platforms and its peer Bharti Airtel announced partnership with SpaceX’s Starlink to offer satellite-based high-speed internet services in India. On July 9, Starlink received a final regulatory approval to launch its satellite internet services in the country.

    Shares of Reliance Industries were down around 0.11% at ₹1,484 on the BSE in early trade on Thursday in a largely weak market. LiveMint

  • Quad Nations address submarine cable security

    Quad Nations address submarine cable security

    Quad countries, comprising of the US, Australia, Japan and India, discussed securing and expanding underwater communication cables amid a rising threat of sabotage and cyber attacks, the US embassy in India said in a statement.

    “Together, we are working to enhance secure connectivity and support innovation and economic growth across the Indo-Pacific region,” US Charge d’Affaires in India Jorgan Andrews said at an event New Delhi Wednesday.

    Majority of all Internet communication is routed through submarine cables making them critical to connectivity and economic growth. India alone accounts for nearly one fifth of all global traffic.

    Quad foreign ministers in their meeting earlier this month had identified the security of submarine cables as a key area for cooperation, according to a July 1 statement from US State Department.

    Representatives of the four countries and industry leaders met in New Delhi to discuss how to protect and strengthen India’s cable infrastructure, regulatory reforms and “enhanced maintenance and repair capacity,” according to the statement. Bloomberg

  • MEA spends $149 B on pay TV and communications in 2024

    MEA spends $149 B on pay TV and communications in 2024

    As per IDC’s Worldwide Semiannual Telecom Services Tracker, spending on telecom and pay TV services in the Middle East and Africa (MEA) region reached $149 billion in 2024, increasing 7.7% year over year as compared to worldwide growth of 2.2%. IDC expects the growth momentum of telecom and pay TV services spending in the MEA region to continue, with year-over-year growth of 7.3% in 2025 to reach a total of $159.9 billion. However, the possible impact of ongoing geopolitical developments in the region had not been fully assessed at the time this data was published.

    The MEA telecom market reported the fastest post-COVID growth in the year 2024, with a notable jump from the previous year. The growth can be attributed to ongoing investments by telecom operators to cater to the potential demand for data services in underpenetrated markets, particularly in Africa, through expanding the coverage of cellular and fiber networks. The growth can also be attributed to sustained demand for telecom services despite operators’ tariff increases to counter-balance the impact of inflation, which was particularly pronounced in countries such as Türkiye, Egypt, Nigeria, Sudan, and Zimbabwe.

    In the voice segment, spending on fixed voice services declined in favour of mobile voice and data services due to the increasing popularity of over-the-top (OTT) calling and messaging apps. This trend is more prevalent in Africa where mobile phones often serve as the primary or sole screen-based device for accessing entertainment, banking, commerce, and information via the internet.

    IDC’s latest forecast for the MEA telecom services market presents a less optimistic outlook compared to the forecast published in November 2024, projecting a 1.2 percentage point slower growth rate for 2025. This is partly attributed to weakening inflation in some countries as well as revised outlooks by some of the telecom operators that are tracked.

    “Telecom operators’ priorities are gradually shifting as they are transforming to reinvent themselves as ‘techcos’ with a focus on launching innovative services and solutions, improving process efficiencies, enhancing customer experiences, and overcoming stifling competition,” says Krishna Chinta, IDC’s senior program manager for data and analytics in the Middle East and Africa.

    Operators are transforming their IT architectures, virtualizing their networks, modernizing their apps, leveraging cloud-native delivery platforms, investing in edge compute infrastructure, and embedding AI to enhance operational and network efficiency and improve customer experiences. While most countries in the Gulf region and some countries in the wider MEA region have already implemented 5G infrastructure, the rest of the region is expected to start rolling out 5G in the next five years, along with the ongoing investments in fiber-optic networks and low Earth orbit (LEO) satellite services.

    A significant factor that could influence the market’s performance is the sensitive geopolitical landscape and its potential impact on trade and oil prices within the MEA region. The trade tariffs announced by the new U.S. administration is another factor to watch out for. According to Mark Walker, IDC’s vice president of worldwide telecoms data and analytics: “Tariffs on telecommunications equipment might lead to increased costs for telecom operators, potentially delaying 5G rollouts and AI projects, while in the longer term, potential downsides may include further economic deterioration and reduced purchasing power due to a new wave of inflation.”

    Although the direct impact on the telecom services market is expected to be minimal, there may be an indirect impact arising from the effects on the overall business environment and employment market conditions in the region. IDC