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Reliance Jio impact: Telecom sector set to see Rs 17,000 cr revenue disappear

By / June 19, 2017 / / 0 Comments

The Department of Telecom (DoT) anticipates that the revenue it earns from the sector will fall by 38% in the current fiscal on account of “severe financial stress” and a “rapid decline in earnings” of the operators. The DoT has asked the finance ministry to revise its non-tax revenue target downwards to Rs 29,524 crore […]

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Airtel, Vodafone and Idea reject Jio`s charge, say Mukesh Ambani`s company misrepresented reality

By / June 17, 2017 / / 0 Comments

India’s largest telcos – Bharti Airtel, Vodafone India and Idea Cellular – have rejected Reliance Jio’s charge that the financial stress in their businesses was due to their dependence on debt, and blamed high government fees as well as the newcomer’s free offers for their woes. In a presentation to a panel of officials from […]

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About 82 per cent customers use Reliance Jio as secondary SIM: Study

By / June 16, 2017 / / 0 Comments

Velocity, a market research startup has released a new study that puts the expected number of mobile/internet users over 450 million by the end of June 2017. It points out that 4 in every 10 respondents are using Reliance Jio’s service, but as high as 82 per cent of the connections are being used as […]

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Airtel pips Reliance Jio in active subscriber additions in April

By / June 15, 2017 / / 0 Comments

Reliance Jio has begun to witness a slowdown in active subscriber additions. For the first time since September, when Jio stormed into the market, Bharti Airtel has added more active subscribers than Jio. As per reports by Goldman Sachs and ICICI Securities, Jio added 0.4 million active subscribers in April as compared to 2.6 million […]

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Airtel, Vodafone and Idea report sharp fall in adjusted gross revenue

By / June 12, 2017 / / 0 Comments

India’s top mobile phone companies – Bharti Airtel, Vodafone India and Idea Cellular – have reported a sharp sequential fall in their adjusted gross revenue (AGR) in the fiscal fourth quarter ended March, following another quarter of free voice and data services from Reliance Jio Infocomm. Sunil Mittal-led Bharti Airtel’s AGR in the March quarter […]

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