The rating affirmation reflected RIL's strong business profile - a large-scale refinery with a capacity of around 1.2 million barrels a day and dominant market position in petrochemicals.
The reserve price for pan-India spectrum was Rs 3,500 crore.
The revenue from the 3G spectrum sale touched a whopping Rs 58,416 crore (Rs 584.16 billion) with the bid for a national third generation mobile licence hitting Rs 14,446 crore (Rs 144.46 billion) on Day 28 of the auction on Wednesday.
The Internet Service Providers Association of India (ISPAI), which represents ISP operators in the country, is planning to go to telecom tribunal TDSAT against the new guidelines on licence for broadband wireless access (BWA) services, announced on Friday by Communications Minister A Raja.
Vodafone Idea's net worth (or shareholders' equity) was down 73 per cent year-on-year to around Rs 17,600 crore at the end of the December 2019 quarter after the company reported a net loss of around Rs 6,400 crore during the quarter. Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year. Analysts said a such a low level of net worth, coupled with continuing losses in operations, ruled out the possibility of the company getting fresh loans from lenders to fund its adjusted gross revenue (AGR) dues of Rs 54,000 crore.
NuPower will return loan with interest to consumer durables major by 2021
Trai on Monday recommended imposing penalty on India's largest private sector basic telephony service provider, Reliance Infocomm, for offering mobility services almost similar to cellular phones, to its wireless phone subscribers.
The government would earn a minimum of Rs 38,000 crore (Rs 380 billion) from the 3G auction, with the pan-India licence reaching a bid of about Rs 9,521 crore (Rs 95.21 billion) on the 18th day, up by over 172 per cent from a base price of Rs 3,500 crore (Rs 35 billion).
Buoyed by the entry of new telecom players and entry of Reliance Communications in the GSM space, the Indian telecom industry clocked the highest subscriber-addition in a month, by adding 15.87 million subscribers in March 2009.
Price, specifications, features -- it's all here.
The voice revenue per minute in India is among the lowest in the world at around 50 paise, says Kanwalinder Singh, President,Qualcomm India.
If the deal goes through, this would be the second largest deal for Wipro in the telecom space. Earlier in April, the IT major bagged a Rs 2,500-crore (Rs 25 billion) contract from another new operator, Unitech Wireless. Importantly, Wipro will be pipping seven other IT vendors, including IBM and Tech Mahindra, who were also in discussions with Etisalat, according to sources.
People who know Mr Ambani, estimated by Forbes as the world's sixth richest man with a net worth of about $42bn, say the deal is typical of his aggressive style.
the government has relaxed security norms to allow provision of mobile phone services up to 500 meters of India's international borders.
'During the aerial engagement, one MiG 21 Bison of the IAF shot down an F-16 in Nowshera sector,' the IAF said in a statement.
With this acquisition, Airtel will be second company, after Reliance Jio, in the country to have pan-India presence in 2300 Mhz band
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
The problem is simple: None of the incumbent players, including Vodafone Idea, has a similar offer to challenge Jio and ensure that its 2G customers do not migrate.
The company recently received permission to launch GSM services within its existing license and is awaiting allocation of spectrum, the radio frequency that enables wireless communications, from the government. CDMA and GSM services cannot be operated on the same spectrum.
Ambani said Jio will offer the world's lowest data tariff
Meet the CEOs for South Africa's MTN and India's Bharti Airtel. They're the men behind what would be India Inc's largest-ever overseas transaction, at $23 billion.
Sam Pitroda-backed Vavasi Telegence's request for unused radio frequency to be allotted to launch mobile services across the country is unlikely to be met by the department of telecommunication because it said international technology specifications for this wireless technology do not exist. Instead, DoT is considering the option of allotting the company spectrum in the 400 to 430 MHz band, radio frequencies that are currently not used for mobile services in India.
NIA had sought 15-day custodial interrogation of the accused who were arrested from various parts of the national capital and Uttar Pradesh.
Much before the Mumbai attacks, the wireless planning coordination wing of the communications ministry had asked for clearance from the security wing for allowing the launch of the handset given the doubts about the service being a risk to internal security. The concerns were aired ahead of the proposed visit of a top team of the BlackBerry promoters to India for discussions with the department of telecommunication on the long pending security issues.
The National Investigative Agency has filed a chargesheet against Pakistani national Bahadur Ali, who was arrested in Kashmir in July last year, alleging that he was working for terror outfit Lashkar-e-Tayiba and was planning to carry out attacks at several places including Delhi.
Nokia and Financial Technologies India on Monday announced a tie-up to make available 'i-Win', India's first integrated realtime wireless Internet information and trading platform for retail investors.
Anil Ambani, whose flagship company Reliance Communications is in talks with South Africa-based MTN, is looking to buy more than 40 per cent stake in the telecom major, a media report said on Tuesday.
In a strategic climb-down, key members of the Cellular Operators Association of India have come to a consensus that they are willing to go for open auction of spectrum for second-generation services beyond 10 MHz.
Steering India towards a new level of wireless telephony, the government on Monday announced immediate release of spectrum for 'third generation' (3G) mobile services and allowed users to switch operators while retaining the cell phone numbers. Number portability, which would allow users to change their service provider while keeping the numbers unchanged, will be introduced in the four metropolitan cities at the earliest.
The report reveals that while the subscriber base for wireless services has increased from 209.07 million in September 2007 to 233.62 million for the quarter ended December 2007, the subscriber base for wireline has decreased from 39.58 million to 39.25 million in the recent quarter.
Many developing countries are using WiMax deployments to leapfrog past copper wires, notes the World Economic Forum (WEF) Global Information Technology Report 2007-08. For instance, in India, Worldwide Interoperability for Microwave Access, or WiMAX, has been promoted as the answer to the country's last-mile connectivity issues.
Domestic IT majors Tata Consultancy Services and Wipro are believed to be front-runners for a multi-million outsourcing deal from UK-based telecom and networking major Cable & Wireless.
Jio is now present in all of the 29 states.
Reliance Communications, India's second-largest wireless operator, will launch phone services in Uganda by year-end, marking its first foray into international mobile phone markets.
Bharti Airtel on Thursday announced the commercial launch of 4G services in 296 towns across India after testing the market in select cities.
Global telecom equipment maker Nokia Siemens Networks on Monday announced plans to invest US$ 100 million in the country over the next three years to set up a high-end wireless products manufacturing facility in Tamil Nadu, among other initiatives.
NASSCOM Foundation and DataWind Corporation, have started a pilot project to provide internet connectivity in the rural areas.
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