Reliance Jio, the latest entrant to the Indian telecom market, has reported a 451% growth in its profit before finance and tax costs and reported its first ever net profit of Rs 504 cr. Earnings before interest and tax (EBIT) jumped to Rs 1,436 cr in Oct-Dec from Rs 260 cr in the previous three […]
Bharti Airtel CEO Gopal Vittal said he believes the worst is over as far as the company’s revenue decline is concerned. During the last three months of 2017, Airtel saw the highest ever decline in both its India mobile revenue as well as per-user revenue as it struggled to compete with new entrant Reliance Jio. […]
Bharti Airtel CEO Gopal Vittal today said that the current levels of pricing in the Indian telecom market was ‘clearly unsustainable’ and will have to be raised. “These levels of pricing are clearly unsustainable, therefore pricing will have to be lifted,” he said, discussing Airtel’s third quarter results. “But there’s a fight for market share […]
Bharti Airtel reported a decline in its third quarter revenue as the battle with Reliance Jio raged on and the impact of lower termination charges kicked in, but the company prevented any massive damage to its bottom line. Airtel’s top line shrunk by 6.7% on quarter and 13% on year to Rs 20,319 cr for […]
Every few months, there is a new rumor surrounding Reliance Jio, the 4G operator that has taken the country by storm. A year ago, it was Jio DTH, which was supposed to put other DTH operators out of business, and now, it’s Jiocoin, which is supposed to put virtual currencies like Bitcoin on notice. According […]
The proposed merger between Idea Cellular and Vodafone got the approval of India’s National Company Law Tribunal, with the rider that the merged entity will be liable to pay income tax on behalf of Vodafone India in case of a ruling that Vodafone India has to pay the arrears. “Considering the entire facts and circumstances […]
The Telecom Regulator’s subscriber addition numbers for November showed that new operator Reliance Jio continued to lead the charts in terms of net subscriber addition, but rivals like Idea Cellular and Vodafone too have come back on the growth path. Part of the reason for the reversal in the fortunes of Idea and Vodafone could […]
After disrupting the market with its 1GB per day plans, Reliance Jio has unveiled new packs targeted at heavy users. Two new plans have been unveiled today that were not present on the company’s website earlier — a 3GB per day plan priced at Rs 509 and a 5GB daily plan that costs Rs 799. […]
Tata DoCoMo, which recently announced that it was moving its customers to Bharti Airtel’s network before a merger of the two companies, has started offering unlimited calls and daily data. Even though users won’t be able to latch on to Bharti Airtel’s 4G network, they can use its 3G network under an intra-circle roaming agreement. […]
Reliance Jio has unveiled eight new plans that have brought down the price of 4G data by 32% to Rs 3.56 per GB from Rs 5.19 per GB earlier. The new plans are available from Tuesday and will make most of the the company’s existing plans irrelevant (see table below). The new plans start from […]
Reliance Jio, the telecom arm of Reliance Industries, has achieved what was considered impossible barely 18 months ago: India now has more 4G base stations than 2G base stations. In other words, 4G service providers in India have put up more towers in the last three years than 2G installations in the last 32 years. […]
Vodafone announced cashback of Rs 1,500 on Samsung handsets Galaxy J2 Pro, Galaxy J7 Nxt and Galaxy J7 Max. Vodafone customers, both existing and new, can purchase any of the popular Samsung 4G smartphones, it said. To avail this special offer, prepaid customers have to sign up for the Rs 198 per month scheme that […]
Idea Cellular said its board of directors have approved the issuance of 32.66 cr shares of the company to its promoter Aditya Birla Group at a price of Rs 99.50 each. The total infusion will be to the extent of Rs 3,250 cr. It also said it plans to raise Rs 3,500 cr from third […]
When Mukesh Ambani launched his telecom venture a year ago, it was based on one key assumption: India is a data starved country, and given the right pricing, demand for the commodity is almost insatiable. Going by the latest industry data from the Telecom Regulatory Authority of India, he may be right on the money. […]
Reliance Jio, the firm led by Mukesh Ambani, will walk away with most of the telecom assets of Reliance Communications, led by Mukesh’s brother Anil. Rcom said it has “signed definitive binding agreements with Reliance Jio Infocomm Limited for sale of Wireless Spectrum, Tower, Fiber and Media Convergence Node (MCN) assets.” The Anil Ambani company […]
The problem of high debt levels faced by some telecom companies in India was of their own making and the government had a limited to role to play in resolving the same, the inter-ministerial group set up to address the concerns of telecom sector found. The cash flow issues faced by the companies is related […]
BSNL Chairman Anupam Shrivastava has officially confirmed what had only been hinted at so far, the company will indeed launch 4G services starting with Kerala next month. However, in all the buzz, one key element of the plan was overlooked — it is going to use Band 1, also known as the 3G band, for […]
Telecom minister Manoj Sinha today said the government is committed to the “the fundamental principles and concept of net neutrality” and is studying the recommendations of the telecom regulator in this regard. The government is keen to ensure “non-discriminatory access to internet,” Sinha added. The Telecom Regulatory Authority of India had, a month ago, sent […]
State-owned Bharat Sanchar Nigam Ltd, which had been seeing a steady recovery in its financial condition in the last three years, found it difficult to keep the recovery going in FY17. According to the latest data given by the Department of Telecom, the company reported a net loss of Rs 4,786 cr for the year […]
Anil Ambani, who warned about the possibility of the emergence of a ‘monopoly’ in Indian telecom three months ago, today said he was hanging up on his consumer telecom business. Ambani, younger brother to Mukesh Ambani — the chairman of Reliance Industries — said the mobile telephony business had changed into a new beast, and […]
