TELECOM MINISTRY APPROVES Brookfield’s $3.4 BILLION PURCHASE OF RELIANCE TELECOM TOWER ASSETS

Highlights

• The Union Finance Ministry, Union Home Ministry and the Reserve Bank of India (RBI) had previously given their approval in the month of July

• According to the statement given by Mukesh Ambani in July, 2019, the proceedings of this deal will be utilized ...

RELIANCE JioMeet: INDIAN SUBSTITUTE FOR ZOOM

Highlights

• JioMeet allows users create multiple meetings in a day and supports HD calling

• JioMeet is available on Google Playstore and the App Store

• With extremely simple interface and equipped with all the features, JioMeet is all set to compete...

HOW VODAFONE IDEA’S LOSS OF 3.5 MN SUBSCRIBERS BECAME JIO'S GAIN?

Highlights

• In the month of February, Reliance Jio added 6.26 million new subscribers, followed by Bharti Airtel managing to add 920,000 users

• Reliance Jio held 32.9 percent share in terms of subscriber market for wireless services, while Bharti Airtel held 28.35 ...

ABU DHABI INVESTMENT AUTHORITY TO INVEST RS 5863.50 CRORE IN RELIANCE JIO PLATFORMS

Highlights

• Reliance Jio Platforms has managed to raise funds worth Rs 97,886 crore in last six weeks

• Abu Dhabi Investment Authority is the second company from the United Arab Emirates to bet on Jio Platforms after Mubadala

• This investment from AD...

GENERAL ATLANTIC TO INVEST RS 6,598 CRORE IN RELIANCE’S JIO PLATFORMS

Highlights

• Along with General Atlantic, Facebook Inc., Silver Lake and Vista Equity Partners have already invested in Jio Platforms

• The combined stake of all these partners will be 14.8 percent

• Total of Rs 67,200 crore has been raked in by all th...

Telecom companies were hungry for money, your mobile bill could grow to 30 per cent

KOLKATA: The country's billion-plus mobile users may have to plan for more dramatic increases in telecommunications bills by the end of 2020 itself with telcos likely to raise rates by another 25-30 per cent with average revenue per user (ARPU) still small and overall telecom-related consumer...

Emergence of Reliance Jio in India led to Airtel and Vodafone Idea to face crisis

India currently has the world's lowest call and data rates, and there is hyper-competition among mega-telecom operators. However, in the state, this was not always the case, as much of this can be tracked down back to a few times in the history of the telecom sector. There is also a good poss...

Unless the govt. mediates, Indian media transmission can tear towards a duopoly

Once a spirited market with over a dozen corporations, India’s telecommunication trade is also quickly moving towards a duopoly of kinds.

Unprecedented losses within the Sept quarter have solid a shadow on the operations of Vodafone plan, India’s third-biggest telecommunicat...

Vodafone Idea Airtel announces increased tariffs

Top telecom companies in India – Vodafone Idea and Airtel have announced an increase in their tariffs after the losses of $10bn.

These are one of the major telecom companies in the Indian market and cover large fraction of consumers. For Indian consumers, it will be a big move as ...

Telecoms paid over 11,800 crores as IUC in 2018

The telecom operators paid a total of Rs 11,838 crore as IUC or interconnect user charges in 2018, led by Vodafone which paid Rs 4,214 crore followed by Airtel at Rs 3,411 crore and Jio at Rs 2,809 crore, a new report by market research firm techARC said on Friday. BSNL/MTNL paid Rs 1,405 crore a...

Jio to charge for calls made to other telecom operators

India's only profitable telecom operator Reliance Jio has gone back on its three-year-old promise to keep voice calls free and will immediately start charging for outgoing calls made to rival networks - BSNL, MTNL, Airtel, Vodafone and Idea - at 6 paise a minute.

The operator said i...