RCom may get around Rs 4,500 crore by trading its radiowaves to Reliance Jio.
The Rs 51 per GB data versus industry norm of Rs 250-plus comes with the caveat of an upfront payment of Rs 1,498 for a year
Reliance-Google's new smartphone has got mixed reviews from analysts and brokerages. The phone pricing is seen unattractive for low-end customers and bundled offers are being viewed as non-disruptive. While this could slow the pace of adoption, it could set the stage for tariff hikes in the industry, feel analysts.
Reliance Retail will also sell Wi-Fi dongles.
Reliance Jio to take over mobile business assets of troubled RCom at an estimated value of Rs 24,000-Rs 25,000 crore.
Bharti Airtel's fund raising is expected to strengthen its competitive positioning in the market and provide the telco with the necessary ammunition for aggressive 5G rollout, analysts said. The capital raising announcement, though unexpected and surprising, would enable Airtel to enhance its market share and provides it wherewithal to make faster investment in a scenario India moves to a two-player market earlier than expected, some analysts felt. Bharti Airtel's board on Sunday approved raising up to Rs 21,000 crore by way of rights issue at a price of Rs 535 per share.
Mukesh's television unit has been aggressively wrapping up deals with hundreds of small players in a street-by-street effort to conquer that final hurdle in its cable TV drive
Taking the pole position among other operators, Reliance Jio logged download speed of 19.12 mbps during April, even bettering its own performance of 18.48 mbps demonstrated in the previous month
Investors turned cautious weighing weak GDP numbers and continued drop in automobile sales, bringing banking and auto sector stocks under pressure.
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
'The recent incident in the US has no bearing in India.' 'We are not aware of any request from the US to India about 5G.'
Also, the combination of a new entrant and new technology is not necessarily good.
The incumbents Bharti Airtel and Vodafone Idea recorded adjusted gross revenue of Rs 10,701.5 crore and Rs 9,808.92 crore, respectively, during the quarter.
The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn.
With Airtel and RCom already having launched their special offers for post-paid customers, and RJio around the corner, Vodafone makes its move with Red.
Active subscriber base declined by 2.2 million on a month-on-month (MoM) basis to 970.2 million in August 2019, on the back of Bharti Airtel and Vodafone Idea losing customers. Jio was the only operator to add 7.2 million active subscribers in the same month.
The old guard is still involved in broad corporate decision-making, but quite a few new business heads have started making their mark at the group
Reliance Communications Ltd (RCom) on Friday announced the sale of 51 per cent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore.
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
Data traffic generated by such tests is rivaling combined traffic other operators present for 15-20 years
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
RJio's LYF, Videocon and other smartphone makers to also get notices
BSE Midcap and BSE Smallcap indices hit their fresh lifetime highs for the second day in a row
Ending Paytm's monopoly as the only wallet payment option on Uber, the ride-hailing service has decided to allow payments through Jio Money. Alnoor Peermohamed reports.
Once launched, RJio services will cover over 18,000 towns and over 200,000 villages across all the 22 service areas of the country
The telecom sector's adjusted gross revenues have grown 13.2% year-on-year in the June quarter.
Reliance has around 90,000 telecom towers now, half of which are operational and owned by the RIL and rest on lease.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Dissing rivals is not going to cut much ice with today's millennials who don't think what is "free" is any worse than what is paid for, says Ambi Parameswaran.
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.
Govt is set to garner Rs 1 lakh crore from sale of radiowaves.
The Network18 stock is down 4.2 per cent after the declaration of results to Rs 49.50 currently.
Chinese telcos hold 60-100 MHz of spectrum, while Indian companies hold 13-15 MHz of spectrum.
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