Reliance Jio, India's biggest telecom operator, is planning to launch an initial public offering (IPO) and listing on bourses in the first half of 2026, billionaire Mukesh Ambani said on Friday. Jio is currently a unit of Reliance Industries Ltd, India's most valuable company.
Vi partners SpaceX-rival AST SpaceMobile for satcom service on smartphones
In another example of the growing focus on security in the telecom sector, the Foreign Investment Promotion Board has asked whether US-based Verizon Wireless operates in Pakistan, while deferring its proposal for transfer of equity shares.
The deal will end months of uncertainty about Yahoo's future.
Verizon Business on Wednesday announced that it has received a letter of intent from the Government of India for the award of licenses for its international and national long-distance services.
The offer of $50 per share is a premium of 17.4 per cent to AOL's Monday close.
The move to sell the jewel in Vodafone's crown closes a heady expansionist chapter for one of Britain's most famous companies
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
Verizon Communications is applying for a long-distance operating license in India that will allow it to compete more fiercely in the region with AT&T and other telecom firms offering phone and Internet services to multinational companies.
Official sources said Verizon's license application was under process and "there should be no problem in issuing them letters of intent for national and international long distance (NLD/ILD) business".
Yahoo is in the process of auctioning off its search and advertising business.
Verizon Communications, the second-largest US telecommunications group, is to expand its global communications network to provide its multinational corporate customers in fast-growing markets like China and India with additional services. The decision comes as US telecommunications groups including AT&T increasingly look outside their domestic market for revenue growth from higher value added services.
Aditya Birla group company Idea Cellular and US-based wireless operator Verizon are all set to get the Letters of Intent for long distance services following clearance of their applications by the Department of Telecom (DoT). Official sources said the applications have been put forward for the Telecom Minister's approval. Idea is awaiting LoI for International Long Distance services while Verizon's application is for both National and International Long Distance services
Prime Minister Narendra Modi urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years.
The deal will build the most significant media platform in the world.
Technology companies continue to be the most valued brands globally, with the top five most valued companies from the technology sector, according to Brand Finance 2024. Samsung has entered the top five most valued brands globally. Apple secured the first position after falling to the second spot in 2023.
Large Indian IT services companies are expected to report "muted" sequential show in a traditionally strong second quarter, as macroeconomic challenges continue to weigh on global discretionary spending, say market watchers. The big earnings week for tech heavyweights is up ahead, with Tata Consultancy Services (TCS) scheduled to announce its results on October 11, and both Infosys and HCL Technologies on October 12. Wipro is slated to declare its Q2FY24 results next week, on October 18.
Oath, the rebranded Yahoo, did not specify what information was at risk for the users, but said that hackers did not steal passwords, credit card numbers or bank account information.
Yahoo has shut down its news websites in India due the new foreign direct investment (FDI) rules that limit foreign ownership of media companies that operate and publish digital content in India.
Mayer, a former high-profile Google executive, was brought in as Yahoo's CEO in 2012 to architect a turnaround that has largely failed to materialise
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
The group is making a foray into the telecom space even as it closes in on Daewoo Electronics.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
Who will own the Internet? The question is an oxymoron since no one owns cyberspace.
The new phones, launched at a virtual event broadcast from Apple's headquarters in Cupertino, include the iPhone 12, the iPhone 12 Pro, the iPhone 12 Pro Max and a new, smaller, iPhone 12 mini.
Forget about black and silver. Your choice of mobile phone color signals something about you.
Let's take a look at some of the biggest M&A deals in the world.
Billionaire Mukesh Ambani's four-year-old telecom venture Reliance Jio has been ranked the fifth strongest brand globally behind the likes of Ferrari and Coca-Cola. The Brand Finance's Global 500 ranking of the strongest brands globally, which determined the relative strength of brands, is topped by WeChat, according to its annual report on most valuable and strongest global brands.
Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.
Bharti Airtel chairman Sunil Mittal has expressed hope that the government and regulators will step in to ensure the sector remains a viable place for continued investments and asserted that the industry requires "long overdue" support to maintain its current 3+1 structure. In the latest annual report of Airtel, Mittal said as the sector's role in the economy becomes more pervasive, its challenges loom larger. Issues such as unsustainable pricing and low returns in a highly capital-intensive environment, coupled with legacy legal issues, "have extracted their toll", Mittal observed.
China is the "most active source" of national and industrial cyber espionage in the world, a report by US-based telecom major Verizon alleged.
Amid its standoff with Antrix, Devas Multimedia has witnessed a change of guard at the helm with former Indian Space Research Organisation official M G Chandrasekhar stepping down as chairman of the company.
We bring you a few special moments that the first couple has shared in the past that were caught on camera.
Microsoft is said to be partnering with a few ODM manufactures to create the Zune-like phone, which includes 720p HD video and at least a 5 mega pixel camera.
The government is contemplating slapping penalty on four foreign telcos, including AT&T, MCI and BT, for allegedly circumventing licence norms that may have caused revenue loss to the government.
Only those foreign companies with an existing presence in Indian telecom finally put in bids for the 3G auction. The last date for applications was March 19.
Foreign companies, except those already present in India, have stayed away from the auction of third-generation mobile spectrum, or 3G, though two new ones are keen on broadband wireless access.Not one new foreign company has applied for 3G. The last day for showing interest in bidding for 3G and BWA spectrum drew to a close on Friday.
Majority of American consumers have voiced their preference for landline phones as against cell phones in a recent survey. Ninety-four per cent of the respondents cited reliability and 91 per cent safety as the key factors for retaining landline service. Eighty-three per cent respondents said they intend to continue using their landline home phone indefinitely. Seventy-six per cent said they use landline phones every day. Consumers value voice quality and reliable services.
Online search giant Google, known for promoting free web-based alternatives to costly software products, has been charged with using 21 times more bandwidth than what it pays for, thus making the Internet costlier for others and costing taxpayers about $7 billion a year.
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