Telecom operator Idea Cellular on Saturday announced a reduction in airtime charges on mobile-to-mobile STD calls.
The merged entity would lead with a revenue market share of about 37 per cent against Airtel's 31.2 per cent and Jio's 14.5 per cent
India's largest telecom operator in terms of subscriber numbers has been struggling to raise its share of subscribers in the market for fourth-generation technology services.
After 22 years at MullenLowe Lintas and a total of 30 years in the ad world, R Balakrishnan bids adieu; will continue working on film projects.
Active subscriber base declined by 2.2 million on a month-on-month (MoM) basis to 970.2 million in August 2019, on the back of Bharti Airtel and Vodafone Idea losing customers. Jio was the only operator to add 7.2 million active subscribers in the same month.
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Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Revenue decline has left the operators with little money to service their mostly 3G and partly 4G infrastructure leading to poor data and voice quality.
The SC had reserved its verdict on a bunch of similar petitions.
Trai has said the three operators were "intentionally denying and delaying" the provision of points of interconnects (PoIs) to Jio, "only to restrict a new entrant thus violating the terms and conditions of licence and regulations of the Authority which also caused a lot of inconvenience to the consumers."
The company at present provides monthly mobile services at starting price of Rs 24 without data, and plans with data service starts from Rs 33 onward. It did not disclose the quantum of hike.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
Excise duties on mobile phones to be 1% without CENVAT credit or 6% with CENVAT credit. This provision will have marginal impact on telcos.
The total number of telephone connections in the country crossed the record one billion mark in May, bolstered by growth in number of mobile users.
Idea has slashed prices by up to 67% for 3G/4G internet packs for both post- and pre-paid users.
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
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The government has allocated spectrum to Vodafone in all 14 service areas, where the telecom major won in November 2012 auction for Rs 1,127.94 crore (Rs 11,27 billion).
A Vodafone Group insider with more than 25 years in the telco across geographies, he's like the eyes and ears of the multinational in India.
The company has increased the cost of 1 GB of 3G internet usage to Rs 156 from Rs 123 it charged earlier.
However, the number of transactions declined to 76 in January-March this year from 110 in the year-ago quarter.
The Telecom Regulatory Authority of India (Trai) has given its recommendations on the much-awaited issue of spectrum sharing.
The consolidated revenue increased 20 per cent to Rs 8,422 cr
Jio had launched the inaugural free voice and data plan in September last year, and in December, extended the freebies till March 31, 2017
This merger, Bhupesh Bhandari believes, will be watched keenly by management gurus the world over.
Under the UASL norms, spectrum is linked to licences, and a particular band of radio wave is restricted to be used in a particular technology
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
RCom and Tata Teleservices are the top net losers of subscribers under mobile number portability (MNP) services.
Cellular Operators Association of India (COAI) and Association of Unified Telcom Service Providers of India (AUSPI) have opposed the proposal to compensate consumers.
Vodafone Idea's net worth (or shareholders' equity) was down 73 per cent year-on-year to around Rs 17,600 crore at the end of the December 2019 quarter after the company reported a net loss of around Rs 6,400 crore during the quarter. Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year. Analysts said a such a low level of net worth, coupled with continuing losses in operations, ruled out the possibility of the company getting fresh loans from lenders to fund its adjusted gross revenue (AGR) dues of Rs 54,000 crore.
The Pune-based Rahul Bajaj group, thanks to an amazing stock market ride by Bajaj Finance and Bajaj Finserv, has grabbed third spot, pushing the Aditya Birla group down to fourth position.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
At present 100% FDI is allowed, of which up to 49% investment in a company can be done through the automatic route
Joining the bandwagon of companies slashing mobile Internet tariffs, telecom operator Tata Docomo on Tuesday announced a cut in its 2G and 3G mobile Internet rates by a whopping 90 per cent from 10 paise to 1 paisa per kilobytes from July 1.
The launch of cheaper voice call rates through special tariff vouchers has come at a time when the sector has been seeing frequent increase in mobile call prices and reduction of discounts under schemes of various service providers since mid-2011.
The two companies were earlier expecting to complete the merger formalities and regulatory approvals by June 30 and to start operating as one entity from July 1.
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
VIL pegs dues at Rs 21,533 cr, less than half of DoT estimate. During a meeting with Vodafone Group CEO Nick Read, Telecom Minister Ravi Shankar Prasad made it clear that the government is against a monopoly in the telecom sector, and wants Vodafone Idea to survive and remain invested in India.
DoT decides not to scrap dual-technology telecom licences
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