Even analysts are of the view that telecom service providers - Reliance Jio, Bharti Airtel and Vodafone Idea - are expected to buy spectrum worth Rs 71,000 crore in the upcoming auction.
VIL has been trying hard to raise funds for the past one-and-half years, but failed in that bid. Since it has failed to raise funds from external investors, it is looking for help from the promoters.
Telecom operators in India may resort to another round of tariff hike in the second half of the current fiscal, according to a report by Crisil’s research wing.
Following the deal, Singtel, a major stakeholder and a promoter company of Bharti Airtel will be able to generate close to Rs 7,500 crore on sale of its 2% stake, as per market capitalisation.
TRAI recommended price cut by nearly 39% as against the previously fixed price
Shareef, a retired employee of a chartered accountant firm, stays with his son at Doddakanalli. He had recharged Rs 49 which expired on August 4, 2021.
Reliance Jio wireline subscriber base reached over 58.85 lakh while Bharti Airtel recorded a customer base of more than 57.66 lakh in February, according to TRAI report.
Mukesh Ambani-led-Reliance Jio continued to lose its subscribers for a third month in a row as it lost nearly 3.6 million users in February 2022.
The two firms will set up a joint 5G innovation lab for developing 'Make-in-India' use cases for the Indian and global markets.
Telecom Operator Bharti Airtel on Monday said its India mobile revenue share of 35% was a new high, led by the sector’s highest ARPU.
The prepayment is for instalments due in FY2027 and FY2028, the Sunil Mittal-led telco said in a statement.
Apart from 26 weeks of maternity leave, women employees returning to work will get a special childcare allowance of Rs 7,000 per month till the child turns 18 months old.
Bharti Airtel acquired a stake in Avaada to comply with regulatory requirements for captive power plants under the provisions of Electricity Act 2003 and Indian Electricity Rules 2005.
In addition, Airtel is also protected with a capped price which is lower than the price for the block of Indus shares sold by Vodafone on February 24, 2022.
Vodafone currently holds about 28 per cent in Indus Towers.