Telecom Sector

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Telecom Sector - Total results - 124
Facebook invests $5.7 billion in Reliance Industries Jio Platforms; plans digital services for Indian grocers
Business

Facebook invests $5.7 billion in Reliance Industries Jio Platforms; plans digital services for Indian grocers

The deal for 9.99 percent of Jio Platforms, which houses the telecoms unit Jio Infocomm as well as other news, movie and music apps, gives Jio Platforms an enterprise value of about $66 billion, Reliance said.

Sunil Mittal asserts Bharti Airtel has made self-assessment, paid full AGR dues of around Rs 13,000 cr
Business

Sunil Mittal asserts Bharti Airtel has made self-assessment, paid full AGR dues of around Rs 13,000 cr

The total payout by Bharti Airtel, however, is half of Rs 35,586.01 crore liability estimated by the DoT.

AGR dues: Sunil Mittal, KM Birla meet Nirmala Sitharaman as their firms scramble to meet payment deadlines
Business

AGR dues: Sunil Mittal, KM Birla meet Nirmala Sitharaman as their firms scramble to meet payment deadlines

Mittal, who heads mobile service major Bharti Airtel, first met Telecom Secretary Anshu Prakash before going for the meeting with the finance minister

AGR-hit Vodafone Idea postpones Q3 analyst call scheduled for today; no reasons given for cancellation
Business

AGR-hit Vodafone Idea postpones Q3 analyst call scheduled for today; no reasons given for cancellation

Vodafone Idea in its earnings statement on Thursday had also sounded out warnings on "material uncertainty" casting "significant doubt" on its ability to continue as a going concern.

Vodafone Idea's ability to compete in Indian market may weaken; to provide opportunity for Airtel, Jio: Moody's
Business

Vodafone Idea's ability to compete in Indian market may weaken; to provide opportunity for Airtel, Jio: Moody's

Vodafone Idea, which has to pay Rs 53,038 crore, said it is also "exploring further options, including filing of a curative petition"

Delay hits Airtel, Tata Teleservices merger; unlikely to get govt nod this year as deal caught in AGR dues controversy
Business

Delay hits Airtel, Tata Teleservices merger; unlikely to get govt nod this year as deal caught in AGR dues controversy

Bharti Airtel on 1 July announced that the consumer mobile business of Tata Teleservices Ltd (TTSL) has now become a part of the company

Telecom firms may soon hike prices for postpaid plans; price rise to enhance companies' revenues: Analysts
Business

Telecom firms may soon hike prices for postpaid plans; price rise to enhance companies' revenues: Analysts

Telecom companies' move to raise mobile tariff follows the Supreme Court judgment, on 24 October this year, upholding the government's method of calculating revenue share that it should get from earnings of service providers

Airtel and Vodafone-Idea are indeed victims of their greed; govt shouldn't reward them by easing penalties, leave free market forces to play out
Business

Airtel and Vodafone-Idea are indeed victims of their greed; govt shouldn't reward them by easing penalties, leave free market forces to play out

The Supreme Court has delivered the coup de grace on a struggling telecom sector by ordering Vodafone-Idea and Bharti Airtel to cough up revenues worth approximately Rs 1.33 trillion as part of AGR dues that the companies were contractually bound, but had so far refused to share with the government

SC ruling on AGR: Telecom industry body COAI ignores Jio's protest; seeks waiver of all past statutory dues for Airtel, Vodafone Idea
Business

SC ruling on AGR: Telecom industry body COAI ignores Jio's protest; seeks waiver of all past statutory dues for Airtel, Vodafone Idea

Jio says COAI shot off the first representation to the government on 30 October without waiting for its comments.

AGR debate: Jio questions COAI letter to govt seeking relaxation for Airtel, Vodafone; says SC ruling must be implemented in entirety
Business

AGR debate: Jio questions COAI letter to govt seeking relaxation for Airtel, Vodafone; says SC ruling must be implemented in entirety

In a letter dated 30 October, Jio expressed displeasure over the contents of the letter and the hasty manner in which it was sent to the government by the COAI.

SC verdict on AGR: COAI warns of telecoms sector catastrophe; says Airtel, Vodafone Idea will face 'unprecedented crisis'
Business

SC verdict on AGR: COAI warns of telecoms sector catastrophe; says Airtel, Vodafone Idea will face 'unprecedented crisis'

India’s telecoms sector and leading players Bharti Airtel and Vodafone Idea will face an “unprecedented crisis” if the government refuses to relax its demand for $13 billion in outstanding dues, a lobby group says

COAI urges govt panel to prioritise AGR issue, suggests relief measures within 60 days
Business

COAI urges govt panel to prioritise AGR issue, suggests relief measures within 60 days

Industry body COAI on Tuesday urged the newly constituted panel of secretaries to prescribe immediate relief measures to address the AGR issue first, given the "urgency of situation"

Vodafone Idea, Airtel shares jump up to 8.5% amid govt move to set up panel to mitigate telecom financial stress
Business

Vodafone Idea, Airtel shares jump up to 8.5% amid govt move to set up panel to mitigate telecom financial stress

As the telecom sector stares at a massive payout following a Supreme Court order, the government has created a Committee of Secretaries to work out a financial bailout package

Govt to look at financial stress in telecom sector after Supreme Court orders massive payouts
Business

Govt to look at financial stress in telecom sector after Supreme Court orders massive payouts

As the telecom sector stares at a massive payout following a Supreme Court order, the government has constituted a Committee of Secretaries to work out a financial bailout package that may include lowering of spectrum charges as well as ending the era of free mobile phone calls and dirt cheap data

Digital payments: Visa blasts govt move to remove MDR; says banks, other stakeholders incur costs on infrastructure
Business

Digital payments: Visa blasts govt move to remove MDR; says banks, other stakeholders incur costs on infrastructure

MDR is a commission of up to 2% paid by a merchant establishment to banks which put up the POS machines

RIL AGM today: All eyes on Mukesh Ambani’s speech; FTTH service, Jio Phone 3 model announcements expected
Business

RIL AGM today: All eyes on Mukesh Ambani’s speech; FTTH service, Jio Phone 3 model announcements expected

RIL AGMs have been the venue to announce big launches including the Jio rollout that turned out to be one of the biggest disruptors in the telecom sector

Former MD of Tata Communications, Vinod Kumar, joins Vodafone Group; to take charge as business chief on 2 September
Business

Former MD of Tata Communications, Vinod Kumar, joins Vodafone Group; to take charge as business chief on 2 September

Vinod Kumar will be a part of the executive committee from 2 September and report to Vodafone Group chief executive Nick Read

Telecom sector set to see increased hiring activity in FY20 with the advent of 5G; expects 5% increase in manpower
Business

Telecom sector set to see increased hiring activity in FY20 with the advent of 5G; expects 5% increase in manpower

Telecom sector which lost over 1,00,000 employees in the last two years, is planning to recruit from companies such as Microsoft, Google, Tata Consultancy Services

BSNL seeks immediate cash infusion from government as it finds it 'nearly impossible' to continue operations
Business

BSNL seeks immediate cash infusion from government as it finds it 'nearly impossible' to continue operations

BSNL said that it has become impossible to manage Rs 850 crore salary liability for June as outstanding liabilities of nearly Rs 13,000 crore have made it's business unsustainable