Telecom major Idea Cellular on Wednesday reported revenue of Rs 65.5 billion in the third quarter ending December, losing it’s third spot by revenue share to Reliance Jio which reported Rs 68.8 billion revenue in the quarter. Idea revenue dropped 12.8 per cent compared Rs 75.1 billion in the previous quarter and Rs 87 billion […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →A Special Court on Thursday morning ruled that the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) had failed to prove charges of corruption, abuse of position, conspiracy, and money laundering against former telecom minister Andimuthu Raja, industry captains, including Essar promoters Ravi Kant Ruia and Anshuman Ruia, and former bureaucrats in the […]
Read More →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 […]
Read More →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. […]
Read More →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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