The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
It wants subscribers who are 'active' on its network.
No reason was cited for rescheduling of the meeting.
Vodafone m-pesa was one of the 11 firms that was given payments bank licence by the Reserve Bank of India in 2015.
The fear of another scam pushed the government into a rather long period of so-called 'policy paralysis'. To play it safe, the price of spectrum in all subsequent auctions was benchmarked to the high 3G rates, says Surajeet Das Gupta.
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
Jio's disruptive strategy, including free voice services and data at throwaway rates, apart from offering all services free for six months, triggered a consolidation in the telecom sector.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
Telecom operator Vodafone has been the top gainer of customers through mobile number portability facility while Reliance Communications is the biggest loser.
Have committed themselves to investing Rs 1,85,000 crore since last year.
The company will transfer its wallet business, which has over 218 million mobile wallet users, to the newly incorporated entity -- PPBL -- under the payments bank licence awarded to Vijay Shekhar Sharma, the founder of One97 Communications that owns Paytm.
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by the courts
Airtel already offers services in Sri Lanka, Bangladesh and 17 African countries apart from India.
The launch of Reliance Jio Infocomm Ltd last September, particularly the tariff war it has unleashed on its competitors, has deepened the crisis facing India's telecom sector. One offshoot of this is the major drop in earnings reported by industry leaders Bharti Airtel and Idea Cellular with each passing quarter. Aslam Hunani/Rediff.com tells the story in numbers.
The DoT estimates that it will receive Rs 29,524 cr in revenue from the telecom industry in FY18, which is 38% less than the Budget revenue target of Rs 47,300 cr for FY18
The move comes barely a few days before the Special Investigation Team of Pakistan visits here to ascertain the facts of the case and investigation carried out by the NIA.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
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.
The company has reportedly been in the process of shutting its CDMA business and shifting its subscribers to 2G, 3G and 4G networks.
Ahead of the visit of Pakistani Special Investigating Team, likely to take place in the last week of this month, the NIA sent the Letters Rogatory, a legal document sent through the special court asking details about the phone numbers dialled by the four terrorists.
Airtel, Vodafone, BSNL increase subscriber share while Idea manages to retain
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Last August, RBI gave in-principle approval to 11 applicants.
Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
Since August 2013, FIPB has approved two FDI proposals in the telecom sector.
National Investigation Agency officials said that Salvinder Singh, his jeweller friend Rajesh Verma and cook Madan Gopal have been summoned for a routine questioning as the agency is preparing to receive a five-member Special Investigation Team from Pakistan on March 27.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Ambani's $15 bn bet will upend Indian telecom
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
India plans to provide the probe team from Pakistan access to all witnesses in the Pathankot terror attack case but not security personnel from the National Security Guard or the Border Security Force.
On September 4, Trai issued a consultation paper on call drops.
Likely to seek FIPB approval to raise holding; deal could bring FDI of about $696 mn.
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.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
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