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Jio Posts First-ever Net Profit at Rs 504 Cr on Strong User Base

By / January 20, 2018 / / 0 Comments

Reliance Jio Infocomm posted its first net profit since starting services, buoyed by strong subscriber additions and cost efficiencies, including sharply lower payments of interconnection charges. The Mukesh Ambani-owned company, which upended the market since its entry in September 2016 with its initially free voice and data offerings, posted a profit of 504 crore and […]

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IUC cut impact: Bharti Airtel Q3 net profit falls 39% to Rs 3.05 billion

By / January 19, 2018 / / 0 Comments

Pricing pressures and regulatory changes in the India wireless business continue to impact the operational performance of Bharti Airtel, which reported a 39 per cent year-on-year (y-o-y) drop in its December quarter net profit at Rs 3.05 billion. Consolidated revenues, which include the company’s Africa business, fell 13 per cent over the year-ago quarter to […]

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Domestic Telcos to be Hit as Trai Cuts ITC to 30paise/min

By / January 13, 2018 / / 0 Comments

The telecom regulator has slashed international termination charge (ITC) – paid by international operators to local networks that receive calls – by 43%, a move that will hurt revenue of India`s older operators reeling from ongoing brutal price wars. Incumbents Bharti Airtel, Vodafone India and Idea Cellular have asked the Telecom Regulatory Authority of India […]

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Trai issues interconnect rules, fixes stiff fine for violation

By / January 3, 2018 / / 0 Comments

The Telecom Regulatory Authority of India (Trai) has tightened the network connectivity rules by mandating a 30-day deadline for firms to ink interconnection pacts on a non-discriminatory basis. It has also fixed a daily penalty of up to Rs 100,000 per service area for violations. The ‘Telecom Interconnection Regulations 2018’ are to come into force […]

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Ambani dials Ambani: Jio to buy RCom`s mobile biz assets for Rs 24,000 cr

By / December 29, 2017 / / 0 Comments

Mukesh Ambani’s Reliance Jio announced a deal on Thursday to acquire younger brother Anil Ambani-owned Reliance Communications’s (RCom’s) wireless infrastructure assets, including towers and spectrum, at an estimated price of Rs 20,000-24,000 crore. The historic deal between the brothers came on their father Dhirubhai Ambani’s 85th birth anniversary. The two companies have signed binding agreements […]

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RCom to get out of SDR; finalises Rs 39,000-cr debt resolution plan

By / December 27, 2017 / / 0 Comments

Anil Ambani-owned Reliance Communications (RCom) said on Tuesday it had exited the strategic debt restructuring (SDR) scheme of lenders by agreeing to sell its telecom towers, real estate and other assets, and getting a strategic investor in the “new RCom”, which would help reduce its debt by Rs 39,000 crore. The company expected to conclude […]

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Let telcos undergoing debt restructuring surrender spectrum: IBA to DoT

By / December 7, 2017 / / 0 Comments

The Indian Banks’ Association (IBA) has asked the government to allow telecom companies undergoing debt restructuring in schemes drawn up by the Reserve Bank of India to surrender liberalised spectrum. Any excess upfront payment associated with such spectrum should be refunded, it has argued. In a letter dated November 29 to Aruna Sundararajan, secretary, department […]

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Net neutrality in India: Big setback for telcos, no decision taken on WhatsApp, Viber, other OTT players

By / November 29, 2017 / / 0 Comments

After having stopped differential data pricing last year in February, the Telecom Regulatory Authority of India (Trai) on Tuesday came out with a comprehensive set of recommendations on net neutrality which disallows any discriminatory practices on the net like throttling, choking or accelerating of select websites by telecom operators or internet service providers. While Trai […]

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TRAI recommends raising spectrum holding cap to 35%

By / November 22, 2017 / / 0 Comments

The Telecom Regulatory Authority of India (TRAI) on Tuesday finalised its response to the report on ‘Issues Relating to Spectrum Cap’, increasing it to 35 per cent from the current limit of 25 per cent. In its recommendations to the Department of Telecommunications, the telecom regulator also said the current intra-band cap should be removed. […]

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Vodafone Revenue At Rs 19,000 Cr, Down By 16%; Blames GST, New And Old Telcos

By / November 15, 2017 / / 0 Comments

Vodafone India, the Indian arm of Vodafone Plc today announced its financial results for the first half period of fiscal 2018 and posted revenues of Rs 19,002 crore, a drop of 15.8% over the same period a year ago. The company has attributed this decline to multiple factors that included a new operator – Reliance […]

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