While Airtel's India wireless operational performance was one of its worst in recent times, Jio surprised the Street by reporting a higher expected operating and net profit.
Russia on Monday made very clear to India its unhappiness over two key bilateral issues-- Kudankulam Nuclear Power Plant 3 and 4 and investments by its telecom company Sistema in the country, saying rules of the game should never be reconsidered till it is over.
Company has around 70,000 towers and it will explore various business models that can realise value of its infrastructure
Most economists expect the government to end the fiscal year with a fiscal deficit of 5.6-5.8 per cent which could mean an additional borrowing of 300-500 billion rupees.
Telenor 'yet again surprised', says will challenge order in a higher court
CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.
BPCL and ONGC raised $4.9 billion in 2016-17 against $1.65 billion raised by Reliance
M Corp Global has applied for six new telecom licences to the department of telecom and dispelled rumours that its company Spice Telecom is up for sale.
Reliance Industries (RIL) has cut estimates for proven gas reserves in its Krishna-Godavari block off the east coast by 6.7 per cent, to 3.67 trillion cubic ft (tcf), the company said in its annual report.
German MNC Siemens on Tuesday announced consolidation of its telecom operations in India by buying out 100 per cent equity stake in its telecom company, Siemens Public Communication Networks Pvt Ltd, for a consideration of Rs 195 crore (Rs 1.95 billi
Complimenting West Bengal government, Mukesh Ambani said, "We have got all the approvals in a time-bound manner."
RIL mulls launching tablets at around Rs 3,500 and bundle it with data offering 1 GB at Rs 10, a tenth of the current 3G prices.
Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation, has announced the results of its 7th Best Employers in India 2011 study.
Delay due to rise in operating cost of telcos, late adoption of 4G network
According to sources in the know, Anil Ambani-led RCom will be providing all infrastructure - towers, fibre, backhaul as well as its national and international long distance facilities-- to RIL's high-speed broadband services.
Despite posting a loss, the company has declared a modest dividend.
While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
The company will wait for sizeable user base for better valuation.
Pays $640 million, may exit when Vodafone lists its India operations.
As it firms up its telecom re-entry strategy, Reliance Industries subsidiary Infotel Broadband has told telecom tower companies that it will pay only half the prevailing rental for towers taken on lease.
Reliance Communications, India's second-biggest mobile operator, has decided to demerge its telecom tower business -- Reliance Infratel (Rel Infra). The company's board has approved a proposal to restructure the ownership of the tower firm to help create an independent tower company.
'If Parliament had not been obstructed, even the Indian media would not have realised that such a monumental scam had taken place,' says Arun Jaitley.
Anil Ambani-led Reliance Communications on Tuesday said it may sell 26 per cent stake in the company, and also list its telecom tower subsidiary Reliance Infratel, to become debt free.
The Ambanis are the only Indian family on the top 10 richest families list in Asia.
A windfall awaits those looking for lucrative employment avenues with just four sectors -- IT, telecom, banking and healthcare -- expected to generate over 500,000 jobs by March next year, experts said.
Despite mounting losses from its Indian operations and growing pressure from minority stakeholders back home, Norwegian telecom major Telenor said Uninor, its telecom joint venture in India, plans to raise about Rs 9,365 crore to support its expansion.
The ongoing corporate results and the Union budget are also making participants tread cautiously though the GST agreement provided some relief.
Consumer electronics major Videocon on Monday said it is in talks with foreign entities for a 26 per cent stake sale in its telecom subsidiary Videocon Telecommunications and that a deal would fructify "very soon".
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.
Voicing its concern over reports that its telecom companies have been blacklisted by India, China on Friday asked New Delhi to treat its firms fairly and called for an open and transparent system for them to operate in.
The ADA Group's recent decision to sell a stake in Reliance Communications and merge its telecom tower business with GTL Infra will help it reduce a mounting debt burden.
Reliance Communications, whose board on Tuesday approved the proposal for Reliance Infratel IPO, would also consider fund raising through qualified institutional placement basis at an appropriate time.
Reliance Communications' tower business Reliance Infratel is likely to enter into an end-to-end telecom infrastructure agreement with Aircel for towers, voice carriage and bulk bandwidth worth about $300 million.
The company is also considering foraying into IT, telecom and power segments soon. "Akai's annual sales (before its exit from India) was around Rs 275 crore (Rs 2.75 billion).
The South African government is tightening the screws on the proposed $23 billion share-swap deal between its telecom major MTN and Bharti Airtel, Indian's largest telecom company, by making it clear that the company has to retain its character as a South African company.
Diversified group Videocon Industries on Wednesday said it may sell up to 26 per cent stake in the company to foreign players.
Experts contend that this setback, even if temporary, could put the company at a disadvantage to its competitors in acquiring new customers.
The 30-share barometer remained up throughout and hit a high of 29,070.20, powered by a rally in RIL and other blue-chips. The index ended 215.74 points up, or 0.75 per cent, at 29,048.19 -- its highest closing since March 5, 2015, when it had closed at 29,448.95.
The government has issued an advisory to mobile operator Bharti Airtel to document properly all its telecom connections, including broadband.
The strong correlation between its sales (revenue or turnover) and crude oil prices (average for the financial year) suggests that Ambani may be proved right.
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