Vodafone says future in India could be in doubt after Supreme Court judgment over licence fees
Fp Staff • 5 years agoNick Read, Vodafone's CEO said the company was not committing any more equity to India and the country effectively contributed zero value to the company’s share price.
Reliance Industries bets big on Madhya Pradesh, eyes more investment; announces setting up of national distribution centres
• 5 years agoReliance Industries, chairman Mukesh Ambani on Friday announced setting up of national distribution centres in Madhya Pradesh with over 10 million square feet space across 45 locations
Mega fund raising in telecom sector shows promoters' seriousness despite structural issues: COAI
• 6 years agoAccording to COAI Director General Rajan S Mathews, it shows the seriousness of the players to continue to fund their operations adequately
COAI says new govt post elections should set out clear roadmap for resolution of issues plaguing telecom sector
• 6 years agoCOAI rued that revenue continues to remain under pressure for the telecom industry saddled with high debt
RCom shares jump after Mukesh Ambani bails out brother Anil on Ericsson dues; rises as much as 10%
• 6 years agoRCom called off the sale of its telecom assets to Reliance Jio Infocomm, the mobile telecoms firm controlled by Mukesh Ambani, citing failure to get approvals from lenders and the government.
Bharti Airtel falls to near eight-week low after Moody's downgrade; Vodafone Idea down 1.5% ahead of Q3 results
• 6 years agoAirtel posted a nearly 72 percent fall in quarterly profit last Thursday, suffering from continuing pricing pressure.
Reliance Communications stock sinks by more than half to a record low as firm asks NCLT to resolve debt
• 6 years agoReliance Communications said its lenders had not received any proceeds from asset monetisation plans, and that its overall debt resolution process had not made any progress
Reliance Retail, Jio to jointly launch new e-commerce platform; to empower 1.2 mn shopkeepers in Gujarat
Fp Staff • 6 years agoMukesh Ambani, Chairman and Managing Director, Reliance Industries had previously spoken of leveraging the Jio network for launching some sort of an e-commerce venture.
Reliance Communications says 'fully committed' to settle dues with Ericsson from spectrum sale
• 6 years agoReliance Communications is yet to receive approval from the telecom department to proceed with the sale of its wireless assets.
Reliance Jio Infocomm launches JioBrowser with support for 8 Indian languages
Tech2 News Staff • 6 years agoJioBrowser is currently available only for Android users.