The long-overdue consolidation makes indebted RCom an even more attractive partner for a soon-to-launch upstart led by older brother Mukesh.
With the new entity coming in force, Bharti Airtel will lose the tag of India's biggest telecom service provider to the new entity.
Apart from digital advertising revenue, both companies want to reach out to the 'next billion' Indian customers. After all, around half of the 1.3 billion population is still not on the net and this represents a challenge as well as an opportunity.
These customers will be unable to meet the lowest recharge requirements for Jio, meaning they will either exit the market or migrate to BSNL/MTNL.
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.
Three more positive cases of novel coronavirus have been reported in India.
Ambani has unveiled an over Rs 1.8 trillion capex plan for the next three years.
Aircel executives said the company could offer value to big boys like Airtel or Jio as a low-end mobile services brand
Bharti Airtel is rolling out last-mile connectivity with a target of reaching over 20 mn addressable households in 90-100 cities in the next 3 years
The famous Nokia 8110 comes back to life in a new avatar after 22 years!
India has around 355 million Internet users, second only to China, says a report
The digital audience knows the difference between healthy suggestions, which are welcome, and a downright breach of privacy, which is abhorred.
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by the courts
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
In a dig at Jio's Rs 1,500 4G-enabled feature phone, the Sunil Bharti Mittal-led company said its smartphone would be made available for the price of a feature phone
How Bajaj, Colgate, Raymonds, Zee lost out.. Strategic errors have hurt many companies, says adguru Sandeep Goyal.
Analysts say that Jio's substantial slowing down in net additions is possibly because the company has dramatically reduced its bundled 4G feature phone offering, which contributed an average 30-40 per cent of its net additions.
Nokia has managed to enter the top-five list in the feature phone market within six months of its comeback
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
Nearly $120 bn will come from private sector
'We are in the middle of an unprecedented SIP revolution.' 'Monthly inflow through SIPs will be Rs 15,000 crore to Rs 20,000 crore soon.' 'Traditional avenues of Indian savings like bank fixed deposits, gold or real estate are no longer attractive to invest.'
Total income from operations, however, dipped 27 per cent to Rs 68,261 crore.
The Note 7 features 5.7-inch display, 12MP rear and 5MP front camera, 64GB onboard memory and 3,500 mAh battery
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
In a meeting on Thursday evening, the RCom management, led by CEO Punit Garg, requested the bank representatives to release Rs 260 crore it received as I-T refund so that it could repay the dues to Ericsson.
'Spectrum payment to push up telcos' debt to Rs 3.5 lakh cr'
Gains were led by index heavyweights with Reliance Industries contributing the most.
Reliance Communications could become a much more formidable opponent.
He alone gets the credit for reviving consumer interest in Ayurveda, says Bhupesh Bhandari.
Trai's move is seen as a relief for the debt ridden sector and the industry body COAI expects that continuing with six paise mobile call termination charge will not have any impact on consumers as operators have already absorbed this charge in their recently increased mobile call and data rates.
The Mukesh Ambani-owned company had complained to Trai about incumbents offering segmented offers to different customers
7 rounds have been completed with bidding in all 4 bands
Bharti Airtel's total revenue for the December 2018 quarter stood at Rs 20,519 crore, just one per cent higher than the Rs 20,319 crore in the corresponding period of the previous year.
With their net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies, says Romita Majumdar.
Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India.
Customers may lose freebies or have to pay a little more for mobile services in the days ahead as operators try to make up for Rs 61,100 crore they have committed to government in the latest spectrum auction.
India's huge digital prowess and potential will play a huge role in enabling digital lending, says Romita Majumdar.
The sharing agreement will provide more bandwidth for RJIL to provide its high-speed 4G services.
Tamil Nadu Election Candidates, TN 2016, Deepika Election Live, Thanjavur Election are some of the apps keeping people hooked to their handsets.
Events to keep an eye out for...
