The Sensex opened with a small negative gap of three points at 7,795, which turned out to be the high for the day. \n\n
43 rounds of bidding has taken place.
Airtel has pitched for a hike in mobile and data tariffs.
Airtel already offers services in Sri Lanka, Bangladesh and 17 African countries apart from India.
The call failure rate, Jio said, has been worsening rapidly in the last few days, while augmentation of interconnection capacity is still awaited
Battleground shifts to rural and small towns, where user base aspires to upgrade to smartphones.
Trai has said the three operators were "intentionally denying and delaying" the provision of points of interconnects (PoIs) to Jio, "only to restrict a new entrant thus violating the terms and conditions of licence and regulations of the Authority which also caused a lot of inconvenience to the consumers."
Reliance Jio Infocomm, expected to start commercial operations in the Indian telecom space in the next few months, had a net worth of Rs 5,026.16 crore, the company said in a statement submitted to the Department of Telecommunications (DoT) on Monday.
The rights issue price has been set at Rs 1,257 a share, a discount of nearly 14 per cent to the last closing price of Rs 1,459. The company had set May 14 as the record date for the rights issue, which meant shareholders as on that day would be eligible to apply. Shareholders will be able to apply for one share for every 15 shares held.
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.
The DoT report is expected by the end of the month.
Big three telecom companies term Jio's free voice calls predatory pricing
With slower than expected growth in smartphone penetration, operators and OEMs are joining hands to provide affordable mobile devices with attractive offers.
Getting an assurance from the Apple CEO on manufacturing in India will mean much to the NDA government.
Cellular operators' body COAI had, last year, alleged that the new entrant Reliance Jio was attempting to acquire customers by offering connection loaded with freebies, in the guise of a trial launch.
Tata Group had hinted at combining its enterprise business with Tata Communications and its fixed-line and broadband businesses with Tata Sky.
The government on Friday unveiled long awaited Unified Licence norms that provide for delinking of spectrum from operational permits and allows companies to offer services using any technology.
Despite low tariffs, voice usage is not growing.
Operators continued aggressive bidding in 900 MHz band
A year after Bharti Airtel launched 4G services, there are only 6.5 mn users in the country
As per data, call drop situation in Delhi has improved.
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.
Unlike Reliance Jio's focus on 4G, it plans to segment the data market based on device prices and spectrum.
India's first auction of spectrum in five years attracted Rs 77,146 crore of bids on the opening day on Monday with Reliance Jio, Bharti Airtel, and Vodafone Idea participating in the bidding process - a response that the government said was better than expected. There were, however, no takers for spectrum in 700 MHz and 2500 MHz bands on the first day, and the auctions will continue and conclude on Tuesday. About 2,308.80 MHz of spectrum, that carry telecom signals, in seven bands worth nearly Rs 4 lakh crore at the reserve or start price, was offered for bidding in the auction that began on Monday. Communications Minister Ravi Shankar Prasad said Rs 77,146 crore worth of spectrum was bid on the first day but there were no takers for the airwaves in the premium 700 MHz as also 2500 MHz bands.
Till now, Jio was primarily targeting the prepaid customer base, with only a few post-paid plans. Now, it is targeting post-paid customers, who usually spend over five times their prepaid counterparts and are more company-loyal.
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.
Telecom Regulatory Authority of India, on October 15, gave its recommendation on spectrum auction for premium 900 Mhz band and 1800 Mhz band that are presently being used for 2G GSM mobile services by Airtel, Vodafone, Idea Cellular and Reliance Communications.
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Top three mobile operators spend $13.6 bln in auction
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
Jio carries 90 per cent plus of all data traffic in the country currently while its network capacity share is closer to 35 per cent
Typically these are high-beta stocks and earnings are volatile
Eight telecom companies, including Bharti Airtel, Vodafone and Idea Cellular, the biggest three in the country, bid a combined Rs 61,162 crore (Rs 611.62 billion) in the spectrum auction held earlier this month.
It has invested $2 billion and spent $200 million on its R&D centre in Bengaluru, the largest such centre outside China where some core technologies are under development.
Analysts believe making mobile data more affordable will fuel mass market adoption of data services
Under the UASL norms, spectrum is linked to licences, and a particular band of radio wave is restricted to be used in a particular technology
Reliance Jio Infocomm has announced that it would launch commercial 4G services in 6 to 8 weeks.
Sources say companies will have to keep the market share of merged entities below 50% in all circles
The company is targeting 100 million subscribers in shortest possible time, RIL Chairman Mukesh Ambani said
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