RIL recast may help Jio rein in AGR-linked payments to government
Reliance's decision to split its digital and telecom businesses might save them a lot of money.
Vodafone Idea, Airtel shares jump up to 8.5% amid financial bailout buzz
The telecom sector stares at a massive payout following a Supreme Co...
Asia’s richest man Mukesh Ambani emerges winner as rivals face $7 billion bill
SC's judgement backing the govt’s definition of adjusted gross...
Airtel pushes back Q2 announcement to November 14 on SC-AGR ruling, seeks DoT relief
The company is approaching the DoT to seek clarity on the total amounts involved and request for their support. SC recently broadened the definition on AGR, which will add significantly to the cost of carriers such as Voda Idea & Airtel.
Supreme Court tells telecom companies to pay dues in 3 months; Government mulls relief
Vodafone Idea and Bharti Airtel, the two telcos affected most by the SC order with pending licence fee and spectrum usage charge (SUC) dues of Rs 39,000 crore and over Rs 41,000 crore, respectively, declined to comment on the three-month deadline.
Reliance Jio tops 4G download speed chart again with 21.0 Mbps speed in September: Trai
Vodafone’s 4G download speed dipped considerable from 7.7 Mbps in August to 6.9 Mbps in September. Idea’s speed on the other hand witnessed marginal improvement in the same duration from 6.1 Mbps to 6.4 Mbps.
Cabinet clears: Rs 70,000 crore plan to revive BSNL, MTNL
A group of ministers will be formed to help implement the revival plan, he said. “All efforts will be towards making the merged entity Ebidta positive within the next two years and profitable from thereon,” Prasad said.
As market hits record high, Bajaj grows wealth fastest; Ambanis, Tatas, Adanis follow
The Bajaj group are top wealth creators, with a 33.4% jump in combined market value this year. Six Adani group stocks saw a 19.27 per cent rise in the combined market value. All of them have gained so far this year.
Jio deplores Trai for IUC review, says move to help incumbents
Reliance Jio Infocomm has deplored Trai's discussion paper, calling it “bad in law and anti-poor".
SC ruling to have damaging implications for industry, may explore review application: Voda Idea
Expressing disappointment over the SC ruling, Vodafone Idea also exhorted the government to engage on the matter to find ways to mitigate financial stress of the industry.
Situation critical: Vodafone's future in India in doubt after court ruling
The unit effectively contributes nothing to the British company’s share price, Read said after Vodafone Plc’s September quarter results were announced in London.
Govt considering low interests, longer spectrum payment tenure: Telecom Secretary
The telecom department is working on a plan to provide a two-year holiday from spectrum payments, a longer payment tenure and lower rates of interest. All these steps could provide an urgent relief to the debt-laden telecom sector.
Measures on way to boost health of telcos: Ravi Shankar Prasad
Assurance from Ravi Shankar Prasad follows demand by top execs of Jio and Bharti at IMC, seeking enabling regulatory environment.
Jio’s revenue per user may decline even as Voda Idea, Bharti Airtel gain a bit
From a peak of Rs 156 in the September quarter of FY18, Jio’s ARPU has shrunk steadily to Rs 122 over the past seven quarters.
Jio faces customer rage on Twitter over move to charge voice calls
On Thursday, a day after Mukesh Ambani-led Jio announced the fee, some of its customers took to Twitter to say they would port out to other telecom carriers, while others mocked the new plans.
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