Airtel, Vodafone, BSNL increase subscriber share while Idea manages to retain
Govt is set to garner Rs 1 lakh crore from sale of radiowaves.
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
The continuing stress faced by corporate India has weakened their debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans.
Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
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).
Jio's disruptive strategy, including free voice services and data at throwaway rates, apart from offering all services free for six months, triggered a consolidation in the telecom sector.
Telecom operators owe government a huge amount of Rs 17,980.77 crore in licence fee and spectrum charges, but the outstandings are under litigations, Parliament was informed on Wednesday.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
After initial success, data use is stagnating and getting consumers to spend additional money for high-speed internet is proving to be difficult for telcos.
Spectrum was sold at about 68 per cent premium.
As per data, call drop situation in Delhi has improved.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
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.
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.
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
Over 1,42,000 people have been rescued from the flood-ravaged parts of Jammu and Kashmir so far, as the relief operations launched by the Armed forces entered the 12th day on Saturday.
India's telecom sector has been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies. India could go back to a private sector duopoly with just Reliance Jio and Bharti Airtel surviving the mayhem. The third player, Vodafone Idea, could be history.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
Transcript of Nikhil Pahwa's chat with Rediff readers.
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