Ahead of its Rs 18,000 crore further public offer (FPO), Vodafone Idea on Monday said it expects to roll out 5G services in select pockets within 6-9 months of raising fresh capital. Its chief executive Akshaya Moondra said rollout of the modern 5G telecom services is one of the objectives of raising the capital from the public and once the funding comes, it will start work on the rollout. "With this round of funding, we believe we will be able to (come) back to participate in the industry growth which has not been possible," he said.
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
Airtel, Vodafone, BSNL increase subscriber share while Idea manages to retain
The accused has been identified by his nickname 'Imran Chippa' and was arrested from Churu district in Rajasthan.
From January 1, all these iPhone users will get the Rs 1,499 plan completely free for 1 year, which equals value worth Rs 18,000
It has suggested OTTs be subject to the same security requirements that a traditional TSP has to adhere to.
Jio is now present in all of the 29 states.
Robot girlfriends, wish granting stars, creepy aliens, private detectives, brace yourself for unlimited excitement on OTT this week.
BSNL unveiled a promotional unlimited wireline broadband plan that effectively translates into less than Re 1 per GB download cost for very high-usage subscribers
Devoting an hour of his speech at the RIL's 42th annual general meeting, the billionaire industrialist said Jio was targeting 100 million users in a shortest possible time
The company will wait for sizeable user base for better valuation.
India's first auction of 5G spectrum, that powers ultra-high data speeds, is currently underway with a total of 72 GHz (gigahertz) of radiowaves worth at least Rs 4.3 lakh crore up for bidding. Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani's flagship Adani Enterprises are in the race to bid for 5G spectrum, that offers speeds about 10 times faster than 4G, lag-free connectivity, and can enable billions of connected devices to share data in real-time. In addition to powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), Fifth Generation or 5G would enable solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming among others.
Ambani said Jio will offer the world's lowest data tariff
Aircel executives said the company could offer value to big boys like Airtel or Jio as a low-end mobile services brand
Reliance group firm employee under the scheme can invite 10 people to buy Jio's 4G sim and LYF Handset.
DoT and the company have not done anything that breached the guidelines mentioned in the notice inviting applications for the auction of the BWA spectrum in 2010, it stated in a reply to CAG's draft audit report.
The company has similar pact with Bharti Infratel.
With the T20 World Cup round the corner, Australia's former fast-bowling star Brett Lee is looking forward to India's latest pace sensation Mayank Yadav's progression with great anticipation, describing him as the "talk of the town."
The ransom subsequently kept increasing to Rs 200 crore and Rs 400 crore each time a fresh email was sent.
With seven million new subscribers, India accounted for the highest net addition of mobile subscriptions globally in the second quarter of 2023, according to the August edition of Ericsson Mobility. Among national markets, India was followed by China with five million and the US with three million subscribers. The subscriber penetration in India, however, stood at 79 per cent, compared to 120 per cent in China, the report said.
Laying fibre to home is a cumbersome and a slow process as every building has to be physically wired.
While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission. His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm.
Reliance will launch Jio, pan-India 4G service, for its employees on December 27, marking Dhirubhai Ambani's birth anniversary.
The effective cost of the fully made-in-India phone will be zero, as against the minimum Rs 3-4.5k cost for a smartphone, Ambani said.
When you look at the teams, I suppose they are coming into auction when their top-order is pretty much full. So, in that regard, I don't see many batters going for huge amounts of money, reckons Eoin Morgan.
Given the fragmented nature of the domestic cable TV market and the need for last-mile connectivity, RIL, said sources, would have to do more to achieve its target of reaching 20 million homes and 15 million business establishments with its broadband services across 1,600 towns in the next few years.
Letter to telecom secretary alleges Jio is masquerading full-blown services in the guise of a trial; no word from Reliance.
Telecom services providers have urged the Ministry of Finance to suspend the universal service obligation (USOF) till the existing corpus is exhausted. In their Budget recommendations, they have also pressed for an exemption from the service tax on "assignment of right to use natural resources" and the slashing of Customs duty on telecom equipment to zero. The Cellular Operators Association of India (Coai), which represents private sector telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea, called for abolishment of USOF levy.
Bengal pacer Mukesh Kumar has set his sights on a long stint with the Indian team.
On Monday, Ambani had said the Reliance group was open to join hands with Bharti Airtel for improving telecom network for 4G services in Punjab.
Das will 'mentor the Jio Division of Reliance Retail', the Reliance Industries head said.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
For existing customers, he announced that the current benefits will continue under a new tariff plan for another 12 months by payment of Rs 303 per month and a one-time joining fee of Rs 99.
Reliance Industries Ltd on Friday reported an 11 per cent drop in its June quarter net profit largely due to weak oil-to-chemical (O2C) vertical and higher interest and depreciation cost. Net profit was Rs 16,011 crore, or Rs 23.66 per share, in April-June - the first quarter of current 2023-24 fiscal year - compared with Rs 17,955 crore, or Rs 26.54 a share, earning a year back, according to a company's stock exchange filing.
Market concentration in the country's telecom sector continues to scale new heights despite government bailouts of public-sector Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), and private-sector Vodafone Idea. The combined revenue (or net sales) share of the country's top two telecom operators - Bharti Airtel and Reliance Jio - in the sector's total reached an all-time high of nearly 72 per cent in FY23 from 70.4 per cent in FY22 and around 60 per cent in FY20. The net sales of Reliance Jio and Bharti Airtel India were Rs 1.67 trillion in FY23, up 18.6 per cent from the Rs 1.4 trillion a year earlier.
Stories of friendship, former life and fights against the system dominate the OTT this week. Sukanya Verma lists her recommendations.
While Airtel may be pushed to to No 3, Jio will find it mighty difficult to beat the new entity.
Jio, which launched its services in September, had no revenue from operations during October 2016 to March 2017
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
With the first quarter earnings season coming to an end, the domestic equity markets would be driven by global trends and trading activity of foreign investors this week, analysts said. The movement of global oil benchmark Brent crude and the rupee against the dollar would also drive trends in the market. "Macroeconomic indicators, trends in global stock markets and FII activities will be pivotal in shaping market trends in the coming days," Pravesh Gour, senior technical analyst at Swastika Investmart Ltd, said.
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