Bank of America Merrill Lynch and JP Morgan are bankers for the bonds
Facebook on Thursday announced that it has shut down Free Basics in India.
Need for much more investment; sector would like govt help
He supervised and handled several major big ticket insolvency cases that includes Essar Steel, Bhushan Power & Steel, Bhushan Steel, Jaypee Infratech, ElectroSteel Steel, Binani Cement, Reliance Communications.
DoT though failed to implement TRAI's recommendations to levy spectrum usage charge
If completed, the move would create a 50-50 joint venture valuing Reliance Communications' cable assets at $1 billion.
India's third largest telecom operator Idea Cellular joined the data tariff war by slashing 2G mobile internet rates by 90 per cent and 3G tariffs by 30 per cent for six months from November 15.
MoD dismissed the report saying it draws 'conjectural connection between tax exemption to a private company and procurement of Rafale jets'.
When it comes to the number of phone bill disputes, Vodafone, Idea Cellular, BSNL and Aircel were high on the list in several service areas during the quarter ended June.
The exposure, which is for the period ended September 2019, is across various platforms such as life funds, pension funds, and unit-linked funds.
Telecom operators Bharti Airtel, Reliance Jio and Vodafone Idea on Tuesday submitted applications to participate in the Rs 3.92 lakh crore spectrum auction scheduled to start from March 1, according to official sources. This round of auction will be held for 2,251.25 Megahertz (MHz) in seven frequency bands -- 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz 2100 Mhz, 2300 Mhz and 2500 Mhz -- at a cumulative base price of Rs 3.92 lakh crore. "Bharti Airtel, Reliance Jio and Vodafone Idea have submitted applications (for the spectrum auction)," an official source told PTI.
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).
The unit of Reliance Communications may raise debt, equity
Sector experts have, however, indicated that a large part of the airwaves in the upcoming auction will remain unsold.
Airtel, Vodafone, Idea, RCom, Reliance Jiosubmitted applications.
Idea, the country's sixth-largest mobile operator was the biggest gainer in the first eight days of mobile number portability (MNP) being launched across the country.
Reliance 3G Tab comes with a 7-inch capacitive touch screen with Android 2.3 OS and a high speed processor of 1.4GHz.
Mobile phone service providers alone jointly reported gross revenue of Rs 55,164.18 crore (RS 551.64 billion).
This puts an end to Facebook's Free Basics and Airtel's zero rating plans in India.
This will be in line with government's vision of Digital India.
Bharti Airtel made part payment of Rs 4,725 crore.
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
The interconnection charge has been reduced.
"RCOM and MTN have agreed to continue their negotiations in relation to such potential business combination, and have extended the period of exclusivity until July 21," RCOM said. "It is to be noted that there is no certainty either on completion, or the timing of the said proposal," the statement added.
In big bang reforms, the Union Cabinet on Wednesday approved a relief package for the telecom sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route. Briefing reporters on the decisions taken by the Cabinet, Telecom Minister Ashwini Vaishnav said nine structural reforms for the telecom sector were approved. The definition of AGR, which had been a major reason for the stress in the sector, has been rationalised by excluding non-telecom revenue of telecom companies.
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
According to a Deutsche Bank report, the Idea-Vodafone combine will have to pay a 30 per cent lower annual installment on spectrum due to the longer duration of the payment tenure.
Reliance BIG TV, the DTH arm of Reliance Communications, is planning to introduce 60 more channels including its own entertainment channels in the next three months, a top company official said.
During the said period, the Consumer Complaints Council of ASCI found 15 advertisers, including Reliance Communications and Idea Cellular, fast moving consumer goods player Dabur and Elder Pharma and coaching centre Career Launcher, violating the council's code.
The company is to act as an ISP across rural areas for local entrepreneurs.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
BSNL, Tata Teleservices and Reliance Communications, who also provide GSM technology-based services, are not part of the report.
Says, Jio unlikely to gain 2% revenue market share in 2017
The Anil Ambani group company is in advanced talks with France Telecom for a branding, marketing and franchisee agreement. The company plans to launch the brand by the second quarter of FY09, according to sources close to the development. Initially, the Orange may be launched on RCom's CDMA network -- spanning across 23,000 towns and 5 lakh villages in India -- and later extended to its 8 GSM circles. The Indian company has a total of 44.5 million subscribers in India.
The Supreme Court on Friday slammed the government for not cancelling the licence of Reliance Infocomm for illegally tapping the telephone of politician Amar Singh on the basis of forged orders. "Why didn't you cancel the licence of the service provider? It's gross negligence. Either the service provider was doing this deliberately or because of its incompetence on the basis of a letter full of errors," said the apex court.
Announcing that he would take up the issue with the telecom ministry, he demanded a probe by market regulator Securities and Exchange Board of India into the hammering of Reliance Communications scrip in the last few days.
Tata Teleservices and Reliance Communications have said that they had been denied extra spectrum even as the old GSM operators like Bharti, Vodafone and Idea were been allocated excess spectrum in many circles.
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