Bulk of these customers use 2G phones and are still focused on voice services and might prove useful for both Bharti Airtel and the Idea-Vodafone combine.
Both the indices ended at their highest levels since February 1.
The Harvard alum has known the Yale alum for ages, but hit it off recently.
When on October 24, the Supreme Court, on a petition moved by the government, ordered payment of past dues according to its new definition of AGR, the country's second-biggest carrier Vodafone-Idea Ltd warned of shut down if no relief is given. The total dues for the industry ran into a whopping Rs 1.47 lakh crore. For an industry that has come from 7-8 operators to just three private players and state-owned fourth operator, the warning by Vodafone-Idea sounded like a death knell.
Hails country's recent digital highways and predicted India to become digital content capital of world.
Operators continued aggressive bidding in 900 MHz band
Airtel has pitched for a hike in mobile and data tariffs.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
Addressing a press conference in London via Skype, the man, identified as Syed Shuja, said the BJP would have won Rajasthan, Chhattisgarh and Madhya Pradesh elections if his team hadn't intercepted the BJP attempts to hack the transmissions in these states.
Reliance Industries has doubled the average life of its debt to around 7.5 years.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
The company is targeting 100 million subscribers in shortest possible time, RIL Chairman Mukesh Ambani said
Cops say the organisers Sunburn did not complete the 'mandatory requirements and legal formalities'.
At the moment, data and broadband is small for BSNL: it contributes 10 per cent of the company's revenue, though its share is on the rise.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
The Taiwanese maker is adopting a model of setting up smartphone assembly lines in multiple cities across India.
Spectrum auction on Thursday entered the 10th day of bidding and started off from Rs 61,091.83 crore (Rs 610.91 billion) in terms of value.
Telecom companies have put in bids worth Rs 58,332 crore (Rs 583.32 billion) in spectrum auction at the end of 49 rounds on the 7th day of bidding on Monday.
The auction started off with the 36th round this morning. At the end of 35 rounds on Friday, bids worth around Rs 54,600 crore had been received by the government.
Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
Laying fibre to home is a cumbersome and a slow process as every building has to be physically wired.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
Following the World Cup, companies queue up to sign Mithali Raj and Harmanpreet Kaur.
Financial shares were the top losers.
The company has reportedly been in the process of shutting its CDMA business and shifting its subscribers to 2G, 3G and 4G networks.
The firm would require it to more than triple its CAGR of revenue to 18.5% for the next decade from 6%
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
Airtel offers 4G service in 1800 Mhz band frequency while other companies are yet to roll out their services.
The Jio-Bharti battle will not just be limited to mobile telephony but will extend to the fibre to home space too.
India's largest-ever spectrum auction kicked off on Saturday with major telecom operators placing bids worth Rs 53,531 crore across bands, even as the premium 700 Mhz and 900 Mhz frequencies did not find any buyer.
Premiumisation, improving demand aid realisation growth at most large firms
Spectrum auction kitty dips to Rs 1.05 lakh crore.
Analysts expect structural risks such as risk to voice revenues, steep correction in data realisations, capex spend and rise in churn and subsequent increase in costs to continue in the medium term
The Prime Minister and and President gracing ads for Reliance Jio and Bandhan Bank have put the spotlight on this trend.
Says spending $3 billion every year on networks alone
Firms come out with detailed communiqu for consumers that counter Jio's claims of cheap data
A typical consumer will have to opt for Jio's Rs 499 plan, which is a steep 2.5 times more than what the average user pays at present.
