Analysts believe making mobile data more affordable will fuel mass market adoption of data services
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
Telecommunication companies buying airwaves in an Indian auction next month will pay 5 per cent of their revenue as an annual fee.
The company is targeting 100 million subscribers in shortest possible time, RIL Chairman Mukesh Ambani said
However, the number of transactions declined to 76 in January-March this year from 110 in the year-ago quarter.
The 3G, 4G data and Airtel Money services are the next growth engines for the company in Africa.
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.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
Mobile phone service providers alone jointly reported gross revenue of Rs 55,164.18 crore (RS 551.64 billion).
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
Banking and telecom will see the highest impact of this transition.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
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.
It is learnt that the defence ministry is refusing to let go of its 100 MHz spectrum, which was allotted earlier. In that case, the department of telecommunications (DoT) will be left with only 175 MW of 5G spectrum of the total 300 MHz.
According to rating agency Fitch, India can in the long run support five-six profitable telecom operators.
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.
Of the two big players, while Bharti Airtel can leverage its existing subscriber base, newcomer Reliance Jio will have to wean away subscribers from the incumbents
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Upfront payment of Rs 32,000 cr just half of Budget estimate; no takers for 700 & 900 megahertz bands
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
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SBI will hold 30 per cent in RIL joint venture
The incumbent operators faced the onslaught of free offers and cheaper rates from Jio.
Bharti Airtel made part payment of Rs 4,725 crore.
Telecom regulator TRAI has imposed cumulative penalty of Rs 50 lakh on nine mobile operators for failing to meet quality of service benchmarks in the second quarter ended June 2013, official sources said.
Trai had asked the Attorney General for views on Jio's free voice and data offering till March 2017, that rivals have termed predatory.
The interconnection charge has been reduced.
Broader market underperformed the headline indices
Vodafone Plc and its ex-shareholders have suffered due to the delay in an Initial Public Offer (IPO) of its Indian unit.
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.
Says, Jio unlikely to gain 2% revenue market share in 2017
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.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
Companies might have to shell out a fourth of the industry's annual net revenue to clear the obligation
Reliance Communications could become a much more formidable opponent.
After their merger Vodafone Group CEO, Vittorio Colao says India is not a Jio market alone. Aditya Birla Group CEO, Kumar Mangalam Birla says Vodafone is dominant in metro cities, while Idea is a big player in urban, semi-urban markets.
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.
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.
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