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Airtel & 2 other telcos collectively lose over 1 crore mobile subscribers in September; BSNL adds users

Airtel & 2 other telcos collectively lose over 1 crore mobile subscribers in September; BSNL adds users

Thu, Nov 21, 2024

Private telcos Reliance Jio, Bharti Airtel and Vodafone Idea cumulatively lost over one crore wireless subscribers in September, even as state-owned BSNL surprised with net adds of almost 8.5 lakh mobile users, as per monthly data released by TRAI.

Nokia bags multi-billion 5G extension deal from Bharti Airtel for India ops

Nokia bags multi-billion 5G extension deal from Bharti Airtel for India ops

Wed, Nov 20, 2024

Nokia has collaborated with Airtel for over two decades, providing 2G, 3G, 4G, and 5G network equipment.

6 blue-chip firms lose Rs 1.55 lakh crore mcap in a week; RIL worst hit

6 blue-chip firms lose Rs 1.55 lakh crore mcap in a week; RIL worst hit

Sun, Nov 10, 2024

The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities.

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Department of Telecom asks Centre to cut its revenue target from the sector

Department of Telecom asks Centre to cut its revenue target from the sector

Mon, Jun 19, 2017

Department of Telecom has asked for a revise in non-tax revenue targets for the current fiscal.

Govt policy should allow telcos to cover costs: Idea

Govt policy should allow telcos to cover costs: Idea

Fri, Jun 16, 2017

Speaking to reporters after its meeting, a top Idea official said: "Government has choice of any policy...But it should cover costs. All policy framework everywhere says that cost of network should be recovered."

Sensex bounces back by 195 points, Nifty rises above 9,600-mark in early trade

Sensex bounces back by 195 points, Nifty rises above 9,600-mark in early trade

Fri, Jun 02, 2017

The key equity indices of Indian markets- Sensex and Nifty- have resumed their record-setting spree and have recovered to fresh lifetime highs in opening trade on Friday on sustained buying amid positive global cues.

Bharti Airtel gets Sebi and Stock Exchanges approval for merger with Telenor

Bharti Airtel gets Sebi and Stock Exchanges approval for merger with Telenor

Thu, Jun 01, 2017

Bharti Airtel's merger with Telenor will enhance its foot-print in seven circles and will add up to nearly 52.5 million subscribers in its book. The scheme is filed before NCLT and is subject to other statutory approvals.

Reliance Communications assures lenders of Rs 25,000 crore payment in four months

Reliance Communications assures lenders of Rs 25,000 crore payment in four months

Tue, May 30, 2017

Reliance Communications' shares continue to trade lower as the company hinted as pleading to the government to defer spectrum payments. Telecom sector as a whole too has demanded this with Airtel voicing similar concerns earlier.

RCom reports loss of Rs 948 crore in Q4 on disruptive pricing, competition

RCom reports loss of Rs 948 crore in Q4 on disruptive pricing, competition

Sun, May 28, 2017

Anil Ambani owned telecom company RCom has reported a loss of Rs 948 crore for the fourth quarter (Q4) ended on March 31, 2017 on back of intense price war in the telecom sector due to the entry of Reliance Jio which has hurt the profitability and income of the company.

Jio battle: Airtel urges DoT to reject TRAI's Rs 3,050 crore fine on 3 telcos

Jio battle: Airtel urges DoT to reject TRAI's Rs 3,050 crore fine on 3 telcos

Thu, May 25, 2017

In similarly worded decisions against the three operators, the Telecom Regulatory Authority of India (TRAI) said it "considered it appropriate to recommend penal action... in view of the large public interest involved."

Rs 400 cr loss to exchequer in licence fee payment by incumbent telecom players: Jio

Rs 400 cr loss to exchequer in licence fee payment by incumbent telecom players: Jio

Tue, May 23, 2017

Jio said DoT should take appropriate action against the violating TSPs, which includes financial penalties and even revocation or termination of licences for a clear and apparent breach of licence conditions.

Reliance Jio is now officially the fourth largest telecom company in India, grabs 10% share

Reliance Jio is now officially the fourth largest telecom company in India, grabs 10% share

Fri, May 19, 2017

Newcomer Reliance Jio has garnered 9.29% of the telecom market share, as per TRAI data. Its new subscriber additions in March were over 58 lakh and it took its total subscriber base to 10.86 crore.

Airtel offers 100% more data across high speed broadband plans with V-Fiber

Airtel offers 100% more data across high speed broadband plans with V-Fiber

Wed, May 17, 2017

Airtel has announced up to 100% more data for its broadband users. The company is offering additional data benefits without increasing its monthly rental plans.

Reliance Jio alleges Tikona-Airtel deal will make govt lose Rs 217 crore

Reliance Jio alleges Tikona-Airtel deal will make govt lose Rs 217 crore

Wed, May 17, 2017

Billionaire Mukesh Ambani's Reliance Jio has alleged that rival telecom firm Airtel's proposed acquisition of Tikona will cause a Rs 217 crore loss to exchequer if the spectrum that the internet service provider holds is used to make voice calls.

Jio case: CCI seeks probe report on telcos in 2 months

Jio case: CCI seeks probe report on telcos in 2 months

Tue, May 16, 2017

The Competition Commission has directed its investigation arm to complete, in 60 days, the probe against incumbent operators and the industry association for colluding to deny network connectivity to newcomer Reliance Jio.

Reliance Jio's freebies cause Airtel, Idea to lose revenue

Reliance Jio's freebies cause Airtel, Idea to lose revenue

Mon, May 15, 2017

Freebies gallore, the telecom sector has witnessed depressing Q4 financials. Airtel and Idea’s data revenues plummeted in Q4FY17 as both incumbents also posted depressing revenues in comparison to the same quarters last year. Idea Cellular lost 6.4 million data subscribers while Airtel's mobile data revenue declined 14.6% in Q4.

Telcos' Financial Woes: Government's inter-ministerial panel to give views in 3 months

Telcos' Financial Woes: Government's inter-ministerial panel to give views in 3 months

Sun, May 14, 2017

The government's inter-ministerial panel being constituted to suggest a policy prescription for the failing financial health of the telecom sector will consult banks and operators before finalising its views in three months.

Private equity investments up 69% in April to $3.16 billion

Private equity investments up 69% in April to $3.16 billion

Sun, May 14, 2017

India's Private equity (PE) investments has recorded a significant upturn in April with deals worth $3.16 billion up 69% from a year ago, due to big ticket transactions.

Indian equities bullish on IMD forecast, indices scale record highs

Indian equities bullish on IMD forecast, indices scale record highs

Sat, May 13, 2017

The key Indian equity indices zoomed to new closing and 52-week highs, crossing their psychologically significant levels, riding on news reports which quoted a top India Meteorological Department (IMD) official predicting a higher rainfall than previously forecast as the El Nino weather condition had eased.

Reliance Jio's free services hit Idea Cellular's Q4 margins; posts net loss of Rs 328 crore

Reliance Jio's free services hit Idea Cellular's Q4 margins; posts net loss of Rs 328 crore

Sat, May 13, 2017

India's telecom operator Idea Cellular on Saturday posted its second straight quarterly loss after Reliance Jio's free services hit sales and eroded its margins.

Telecom sector seeks deferral of spectrum payment from Govt

Telecom sector seeks deferral of spectrum payment from Govt

Wed, May 10, 2017

Nilanjan Roy, Chief Financial Officer of Bharti Airtel was quoted by Bloomberg as saying, “The industry will engage with government to seek deferral of dues. We need to see if spectrum payments can be deferred as interest costs has risen on higher spectrum related costs.”

Bharti Airtel blames Reliance Jio for its dismal performance, again

Bharti Airtel blames Reliance Jio for its dismal performance, again

Wed, May 10, 2017

Gopal Vittal, MD and CEO, India & South Asia said, “The sustained predatory pricing by the new operator has led to a decline in revenue growth for the second quarter in a row. The telecom industry as a whole also witnessed a revenue decline for the first time ever on a full year basis.”

Bharti Airtel posts 12% decline in revenues in Q4 due to competition from Jio

Bharti Airtel posts 12% decline in revenues in Q4 due to competition from Jio

Tue, May 09, 2017

Annual consolidated revenues of Bharati Airtel in FY17 declined by 1.1%

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