Zee and Star, the two largest media companies in India, are undergoing some radical ownership changes. What could it mean? Vanita Kohli Khandekar attempts an answer.
Loop Mobile has debt of Rs 400 crore (Rs 4 billion), which is likely to be included in final deal size.
A user will need to buy a 4G-enabled handset and then upgrade his or her existing 2G/3G SIM card to a USIM (Universal SIM)/4G SIM.
Analysts believe making mobile data more affordable will fuel mass market adoption of data services
RCom had net debt of about Rs 40,222.6 crore at the end of June 30.
The company is offering its own devices under the brand name Lyf along with other brands to employees at a 25 per cent discount.
Bharti Airtel made part payment of Rs 4,725 crore.
In what could be one of the largest launches in the telecom services space, Reliance Jio Infocomm is set to roll out its 4G LTE services in 800 Indian cities between April and June next year.
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
Telcos may hike mobile rates to recover spectrum cost: Moody's
Most Asian stock markets steadied on Wednesday.
Big three telecom companies term Jio's free voice calls predatory pricing
Telecom operators, including Reliance Jio, have been demanding "same service same rules" regime which means that mobile applications providing calls and messaging services should also be made to comply with set of rules that are mandatory for mobile service providers.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
The telecom spectrum auction entered the 33rd round of bidding today after starting off from the Rs 52,689 crore (Rs 526. 89 billion) mark this morning.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
The auction will help operators augment expansion of high-speed 4G voice and data services in the world's second largest mobile phone market.
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
The network has been built by six telcos to handle high bandwidth demands of emerging technologies and applications.
According to rating agency Fitch, India can in the long run support five-six profitable telecom operators.
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
The uniform SUC, if implemented as per recommendations made by Telecom Regulatory Authority of India, will provide relief for mobile operators such as Airtel, Vodafone and Idea, but will increase rates for broadband wireless access spectrum holders like RJIL.
RCom may get around Rs 4,500 crore by trading its radiowaves to Reliance Jio.
Deal to help RCom reduce debt, Sun gain subscribers in new markets
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
The Telecom Regulatory Authority of India (Trai) has given its recommendations on the much-awaited issue of spectrum sharing.
Mukesh Ambani said the Digital India initiative has the potential to transform the lives of 1.2 billion Indians using the power of digital technology.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Bharti Airtel, Vodafone, Reliance Jio Infocomm and five other telecom firms will battle it out at the spectrum auction tomorrow, from which the government expects to garner at least Rs 11,300 crore (Rs 113 billion).
Spectrum auction took off on Wednesday from Rs 58,980.29 crore (Rs 589.80 billion) mark with demand for the premium 900 Mhz band seemingly tapering off at the end of 56 rounds.
Telecom companies put in bids worth a total of about Rs 45,000 crore (Rs 450 billion) on the second day of the auction on Tuesday, with premium 900 Mhz band in Delhi, Mumbai and Kolkata witnessing continuing demand.
Rationalisation of reserve prices in the ongoing spectrum auction helped the government to get Rs 40,000 crore of bids on the opening day.
Markets end in the red, midcaps in focus
Gains were led by index heavyweights with Reliance Industries contributing the most.
Prime Minister Narendra Modi is likely to urge Tim Cook to begin manufacturing its prized iPhones in India.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
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