Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024
18 hours, 28 minutes ago

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024

New Indian Express  

NEW DELHI: For the first time since the tariff hike announced by private telecom operators in July 2024, Bharti Airtel added 1.9 million subscribers in October 2024. However, Reliance Jio, India's largest telecom service provider, continued to lose subscribers, with a loss of 3.76 million, while Vodafone Idea Limited lost around 1.97 million customers. Vodafone Idea, India's third-largest telecom operator, lost 1.4 million in July 2024, 1.87 million in August, and 1.5 million in September. Bharti Airtel Limited boasted the highest proportion of active wireless subscribers at 99.48%, followed by Reliance Jio at 97.46% and Vodafone Idea at 84.95%.

India Jio 2024 Million Bharti Airtel Vodafone Idea Subscribers Reliance Jio Bsnl Sees  growth  idea  jio  lose  gains  small  bsnl  sees  2024  telecom  million  reliance  bharti  vodafone  lost  subscribers

History of this topic

Jio loses most users; VIL, Airtel customer base falls
1 week, 4 days ago

Jio loses most users; VIL, Airtel customer base falls

New Indian Express  

NEW DELHI: The country’s largest telecom service provider Reliance Jio lost highest number of subscribers among the three private telcos after tariff hike. Other plans, including the Rs 479 and Rs 395, saw price hikes of 21% and 22%, respectively. Shorter-term plans like the Rs 179 and Rs 265 options, saw more moderate hikes of 11% to 13%. Similar to …

Vodafone Idea share price climbs over 2%; here’s why
1 week, 6 days ago

Vodafone Idea share price climbs over 2%; here’s why

Live Mint  

Vodafone Idea share price climbed over 2 per cent in early trade on Tuesday, December 10, a day after the company announced its board of directors had approved the issuance of up to 175.53 crore shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore. Vodafone Idea share price opened at ₹8.25 against its …

Reliance Jio breaks records in 5G, India leaps ahead of many nations
2 weeks, 1 day ago

Reliance Jio breaks records in 5G, India leaps ahead of many nations

India TV News  

Reliance Jio is now the largest telecom company in India, boasting the highest number of customers in the telecom industry. The report also indicates that around 78 percent of India's population now has access to mobile services, making it easier for people to connect. Currently, there are about 93 crore mobile internet users in India, and Reliance Jio leads the …

BSNL fast losing its post-tariff hike charm, subscribers return to Jio and Airtel
Trending News
2 weeks, 1 day ago

BSNL fast losing its post-tariff hike charm, subscribers return to Jio and Airtel

India TV News  

All the major telecom operators in India including Jio, Airtel and Vi hikes their tariff plans in July this year. However, in the recent days, Reliance Jio, Bharti Airtel, and Vodafone Idea have seen fewer customers switching to BSNL, according to a report from IIFL Securities. Meanwhile, for the third consecutive month in September, Jio, Airtel, and Vodafone Idea experienced …

Vi outperforms Jio and Airtel, offers best 4G as per latest report
Trending News
2 weeks, 2 days ago

Vi outperforms Jio and Airtel, offers best 4G as per latest report

India TV News  

Vodafone Idea has been facing challenges in recent years due to a decline in its number of users. Vi 4G coverage In terms of 4G network quality, Vodafone Idea claims that they are upgrading 100 mobile towers every hour to enhance connectivity for their users. According to a recent report by Open Signal, Vodafone Idea has now outperformed all other …

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group
2 weeks, 4 days ago

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group

Live Mint  

Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore via preferential equity issuance belonging to Vodafone Group, one of its promoters. “A meeting of the Board of Directors of the company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider a proposal for raising of funds not …

Steelman Telecom stock hits 20% upper circuit after company wins ₹147 crore Reliance Jio order
2 weeks, 5 days ago

Steelman Telecom stock hits 20% upper circuit after company wins ₹147 crore Reliance Jio order

Live Mint  

Shares of Steelman Telecom were locked at the 20 per cent upper circuit limit in Wednesday's trade, December 4, hitting a one-month high of ₹154.80 apiece. In an exchange filing on Tuesday, the company informed investors that it had received an order worth ₹147 crore to provide frontend, backend, and supervisory teams for the maintenance of indoor small cells, indoor …

5.5 million customers port numbers to BSNL after private telcos hiked tariff
2 weeks, 5 days ago

5.5 million customers port numbers to BSNL after private telcos hiked tariff

New Indian Express  

NEW DELHI: Nearly 5.5 million mobile users ported their numbers to the state-owned Bharat Sanchar Nigam Limited after the tariff hikes announced by private telecom service providers in June 2024. In July 2024, BSNL saw 1.5 million users joining its network from Reliance Jio, Bharti Airtel, and Vodafone Idea. At the same time, the number of customers leaving BSNL to …

Voda Idea's revenue market share at all-time low in Q2FY25
2 weeks, 6 days ago

Voda Idea's revenue market share at all-time low in Q2FY25

Live Mint  

NEW DELHI : Vodafone Idea Ltd’s revenue market share declined to an all-time low of 14.5% for the quarter ended 30 September 2024, as it lost share in all circles despite having reported revenue growth for consistent quarters. Vodafone Idea's investments in networks may be able to arrest the rapid decline in the market share in the coming quarters, but …

Airtel's new plan stuns Jio and BSNL, offers unlimited high-speed data under Rs 100
2 weeks, 6 days ago

Airtel's new plan stuns Jio and BSNL, offers unlimited high-speed data under Rs 100

India TV News  

Since mobile recharge prices have increased in July, many subscribers from Jio, Airtel, and Vodafone Idea have either surrendered their phone numbers or switched to BSNL. One notable plan costs less than Rs 100 and offers unlimited internet usage. Affordable Plan Under Rs 100 To keep its subscribers, Airtel has rolled out several attractive offers. For just Rs 86, Jio …

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators
3 weeks, 5 days ago

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators

ABP News  

The cumulative debt of the country’s four major telecom operators reached Rs 4,09,905 crore in the financial year 2024, with state-run Bharat Sanchar Nigam Limited reporting the lowest debt at Rs 23,297 crore, Parliament was informed. According to the data, Vodafone Idea carried the heaviest debt load at Rs 2.07 lakh crore, followed by Bharti Airtel at Rs 1.25 lakh …

India: Telecom debt crosses ₹4 lakh crore in FY24
3 weeks, 5 days ago

India: Telecom debt crosses ₹4 lakh crore in FY24

Deccan Chronicle  

New Delhi: The government on Wednesday said that the total debt on four major telecom operators in the country, including Reliance Jio, Bharti Airtel and Vodafone Idea stood at over Rs 4 lakh crore in the financial year 2024, with state-owned Bharat Sanchar Nigam Limited recording the lowest debt among competitors at Rs 23,297 crore. According to data shared by …

Telcos to ring-in profit gains. Airtel leads the pack in September quarter
3 weeks, 5 days ago

Telcos to ring-in profit gains. Airtel leads the pack in September quarter

Live Mint  

It was a foregone conclusion that Indian private telecom companies would do well in the September quarter thanks to the tariff hikes taken in July and the ongoing premiumization trend of SIM card upgrades. This has played out with aggregate wireless revenue for the three private telcos—Reliance Jio Infocomm Ltd, Bharti Airtel Ltd’s India arm, and Vodafone Idea Ltd—rising by …

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
3 weeks, 6 days ago

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden

Live Mint  

Vodafone Idea's plan to raise ₹35,000 crore may get a shot in the arm from the Union Cabinet's decision to waive bank guarantees from telecom operators for airwaves bought in auctions till 2022. The Union Cabinet approved a proposal to waive bank guarantees that telecom service providers need to submit for spectrum auctioned till 2022,Mint reported on Tuesday. Despite the …

Telecom Shares Including Vodafone Idea, MTNL Register Strong Rally In Stock Market. Here's Why
3 weeks, 6 days ago

Telecom Shares Including Vodafone Idea, MTNL Register Strong Rally In Stock Market. Here's Why

ABP News  

The stock market on Tuesday witnessed a major rally amongst telecom stocks. As markets opened, shares of Vodafone Idea jumped 15 per cent surpassing Rs 8 apiece, while MTNL shares soared almost 9 per cent to reach Rs 51.45 per stock in the market. Bharti Airtel also recorded mild gains in the stock market as its shares inched up by …

Jio, Airtel and Vodafone Idea looses subscriber, BSNL gains in September 2024: Know-how
Trending News
1 month ago

Jio, Airtel and Vodafone Idea looses subscriber, BSNL gains in September 2024: Know-how

India TV News  

Reliance Jio, India’s leading telecom operator has reported significant subscriber losses for the third consecutive month in September 2024, with 7.96 million wireless users leaving its network. As of September 30, 2024, Jio’s wireless subscriber base stood at 463.78 million, Airtel at 383.48 million, Vi at 212.45 million, and BSNL/MTNL combined at 93.8 million. Jio remains the market leader with …

India's Private Telcos Lose 1 Cr Users, BSNL Gains
1 month ago

India's Private Telcos Lose 1 Cr Users, BSNL Gains

Deccan Chronicle  

New Delhi: India's three private telecom majors -- Bharti Airtel, Vodafone Idea and Reliance Jio -- have witnessed a staggering loss of over 1 crore customers in the month of September, while public sector telecom firm Bharat Sanchar Nigam Limited gained some customers, adding over 8 lakh new subscribers in the same month. As per the latest report by the …

BSNL gains 8 lakh subscribers in September 2024 as private players lose millions
1 month ago

BSNL gains 8 lakh subscribers in September 2024 as private players lose millions

New Indian Express  

NEW DELHI: State-owned telecom service provider Bharat Sanchar Nigam Limited added 8 lakh new subscribers in September 2024, according to the Telecom Regulatory Authority of India. Meanwhile, private telecom service providers Reliance Jio, Bharti Airtel, and Vodafone Idea Limited continue to lose subscribers following tariff hikes implemented in June. Among them, India's largest telecom service provider, Reliance Jio, lost a …

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call
1 month, 1 week ago

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call

Live Mint  

Following better-than-expected September quarter results, global brokerage firm Nomura India has reaffirmed its 'Buy' rating on Vodafone Idea, setting a target price of ₹14. Q2 Earnings Performance Vodafone Idea's financials for the September quarter showed a narrowing of losses to ₹7,175 crore from ₹8,746 crore in the same period the previous year. Investment Rationale and Strategic Outlook Nomura India outlined …

Vodafone Idea Q2 net loss narrows to ₹7,175 crore, Arpu rises to ₹156
1 month, 1 week ago

Vodafone Idea Q2 net loss narrows to ₹7,175 crore, Arpu rises to ₹156

Live Mint  

Vodafone Idea Ltd’s losses narrowed to ₹7,175 crore in the September quarter, down from ₹8,746 crore a year earlier, as revenues edged up to ₹10,932 crore from ₹10,716 crore. Funding and capex plans Backed by the Aditya Birla Group, Vodafone Idea is currently in discussions with lenders to secure ₹35,000 crore in debt funding to fuel its network expansion. Earlier …

Jio offers 2GB data, unlimited calling at just Rs 75 per month, challenges BSNL's affordable plans
3 months, 2 weeks ago

Jio offers 2GB data, unlimited calling at just Rs 75 per month, challenges BSNL's affordable plans

India TV News  

All major telecom operators in India including Jio, Airtel and Vi recently hiked their mobile tariff by 15 percent on average. The company has a recharge plan for its users that offers 2GB data per month for 28 days with unlimited calling and 50 SMS for 28 days. JioPhone Rs 895 recharge plan This plan is priced at Rs 895 …

Best recharge plans from Jio, Airtel and Vi with unlimited benefits: Details here
4 months, 1 week ago

Best recharge plans from Jio, Airtel and Vi with unlimited benefits: Details here

India TV News  

Jio, Airtel, and Vodafone Idea have recently hiked the prices of their recharge plans, making long-validity options more expensive. For those seeking a full month's validity instead of the usual 28 days, Jio, Airtel, and Vodafone Idea each offer specific plans that cater to this need. Jio's cheap 1-month plan If you're a Reliance Jio user, the Rs 319 recharge …

Airtel profit more than doubles to Rs 4,160 crore in Q1
4 months, 2 weeks ago

Airtel profit more than doubles to Rs 4,160 crore in Q1

New Indian Express  

NEW DELHI: Bharti Airtel, country’s second-largest telecom service provider, reported a record profit of Rs 4,160 crore for the first quarter ended June 30, 2024. The company’s net profit was Rs 1,612.5 crore in the same period last year In contrast, Bharti Airtel’s consolidated net profit was at Rs 2,068.2 crore for the previous quarter ending March 2024. The company’s …

Jio vs. Airtel: Which network offers better value for money on data plans?
5 months ago

Jio vs. Airtel: Which network offers better value for money on data plans?

India TV News  

Reliance Jio is one of the most widely used telecom service providers in India, with its subscriber base growing to 475 million. So, in case you are both- Jio and Airtel network users, then here is some useful information which could help you to compare and understand which plan is value for money and is economical. Plans with 28 days …

BSNL, Jio, Airtel, Vi: Who offers best 'value for money' 1GB, 2GB data packs
5 months ago

BSNL, Jio, Airtel, Vi: Who offers best 'value for money' 1GB, 2GB data packs

India TV News  

Recently, major telecom operators in India such as Jio, Airtel, and Vi have increased all their mobile tariffs by 15 percent. Here, we are comparing 1GB and 2GB data packs from BSNL, Vi, Airtel, and Jio to help you find out who is offering affordable data packs in India. BSNL Rs 16 prepaid data pack This data pack from BSNL …

Tariff hike complies with regulatory framework: Department of Telecommunications
5 months, 2 weeks ago

Tariff hike complies with regulatory framework: Department of Telecommunications

New Indian Express  

NEW DELHI: A day after the Congress party criticised the government over the tariff hike by telecom service providers, the Ministry of Communication defended the increase, mentioning that the hike complies with the prescribed regulatory framework. In a press statement issued in response to the Congress party’s claims that consumers would face an additional burden of Rs 34,824 crore due …

Reliance Jio, Airtel price hike: What changes for you as new rates take effect
5 months, 2 weeks ago

Reliance Jio, Airtel price hike: What changes for you as new rates take effect

Hindustan Times  

Reliance Jio and Airtel increased the prices of their data packs by over 25 per cent for a few plans. Owing to this, both prepaid and postpaid users will have to pay more as the new plans came into effect today t. The new price hike impacts millions of users of the two biggest telcos in India. Airtel's new tariffs: …

Jio, Airtel 5G pricing surge: Consumers to spend Rs 47,500 cr more annually
5 months, 3 weeks ago

Jio, Airtel 5G pricing surge: Consumers to spend Rs 47,500 cr more annually

Business Standard  

Consumer spending on telecom services, including taxes, is set to surge by around Rs 47,500 crore annually, spurred by substantial tariff hikes from India's leading telcos and elevated rates for users embracing 5G services, reported The Economic Times. Jio users now face a 46 per cent increase in the minimum charge for accessing 5G, while Airtel users encounter a steeper …

Vodafone-Idea plans to become expensive from July 4: Here are the new rates
5 months, 3 weeks ago

Vodafone-Idea plans to become expensive from July 4: Here are the new rates

India TV News  

After Airtel and Jio, Vodafone-Idea has also decided to increase its mobile tariffs. Plans will become more expensive from July 4 According to a PTI report, Vodafone Idea stated that the company had designed an excellent range of feature-rich plans to meet the diverse needs of its consumers. At the same time, the price of the company's popular plan with …

After Rel Jio, Bharti Airtel, Vi hike mobile tariffs by upto 24%
5 months, 3 weeks ago

After Rel Jio, Bharti Airtel, Vi hike mobile tariffs by upto 24%

Deccan Chronicle  

New Delhi : After Reliance Jio, Bharti Airtel and Vodafone Idea on Friday announced that the companies would hike its mobile tariff to 11-21 per cent and 11-24 per cent respectively in both the prepaid and postpaid services across the country. As per the different plans for the telco, the rate of daily data add-on will see an increase by …

Bharti Airtel raises prices after Reliance Jio hikes: These are the new prices
5 months, 3 weeks ago

Bharti Airtel raises prices after Reliance Jio hikes: These are the new prices

Hindustan Times  

Bharti Airtel, India’s second-biggest phone carrier, said it would raise prices of its mobile plans. The price hike on an average is an increase of less than 70 paise per day for Airtel’s base plans, the company said in its stock exchange statement. Airtel's price hikes come after Jio, India's largest telecom operator, announced a 12-27% hike in mobile tariffs …

After Reliance Jio, Bharti Airtel announces tariff hike for its prepaid and postpaid plans
5 months, 3 weeks ago

After Reliance Jio, Bharti Airtel announces tariff hike for its prepaid and postpaid plans

New Indian Express  

NEW DELHI: A day after Reliance Jio announced a tariff hike for its prepaid and postpaid plans, Bharti Airtel, India's second-largest telecom service provider, followed suit and announced a tariff hike of up to 21% for all its prepaid and postpaid plans. “Bharti Airtel has maintained that the mobile Average Revenue per User needs to be upwards of Rs. We …

Rs 2,999 Airtel, Jio, Vi prepaid plans compared: Here's who offers better benefits
7 months ago

Rs 2,999 Airtel, Jio, Vi prepaid plans compared: Here's who offers better benefits

India TV News  

Users who prefer not to recharge their mobile connection every month can opt for annual plans offered by telecom companies. Reliance Jio Rs 2999 prepaid plan The Rs 2999 plan from Reliance Jio includes unlimited voice calling, 100 SMS/day, and 2.5GB of daily data. Vodafone Idea Rs 2999 prepaid plan The Rs 2999 plan from Vodafone Idea includes 850GB of …

Reliance Jio becomes top telecom service provider of India, followed by Airtel and Vi
7 months, 2 weeks ago

Reliance Jio becomes top telecom service provider of India, followed by Airtel and Vi

India TV News  

Telecom Regulatory Authority of India has released the user data of telecom companies for March 2024 which revealed that Jio has taken a big leap once again in terms of users in the country. As per the report which surfaced in March 2024, TRAI has reportedly released the list of customers joining Jio, Vi, Airtel and BSNL- leaving the companies. …

Vodafone Idea FPO subscribed 5 times on final day; all you need to know
8 months ago

Vodafone Idea FPO subscribed 5 times on final day; all you need to know

Hindustan Times  

Vodafone Idea FPO: At ₹18,000 crore, the largest follow-on public offer ever in India was fully subscribed today, the last day, with investors lapping up as many as 1,289.8 crore equity shares, according to the data available on stock exchanges. The ₹ 18,000 crore Vodafone Idea FPO has been fully subscribed today. Notably, before the Vodafone Idea FPO, the biggest …

Vodafone Idea Rs 18,000-crore FPO Anchor Book Opens Today, Stock Falls 4%
8 months, 1 week ago

Vodafone Idea Rs 18,000-crore FPO Anchor Book Opens Today, Stock Falls 4%

News 18  

Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. Vodafone Idea’s FPO will open for subscription on April 18 and close on April 22, 2024 with the price band of the issue fixed at Rs 10-11 per share. Foreign institutional investors such as Rajiv Jain-led GQG Partners, Fidelity, …

Bharti Airtel ARPU set to soar? Check out the numbers amidst fierce Reliance Jio rivalry
8 months, 1 week ago

Bharti Airtel ARPU set to soar? Check out the numbers amidst fierce Reliance Jio rivalry

Hindustan Times  

The Indian telecom sector has seen immense fortunes being made and lost and now, after years of consolidation, the country has three major telecom operators left in the form of Bharti Airtel, Reliance Jio and Vodafone Idea. Now, it is being reported that Bharti Airtel ARPU is expected to see some growth going forward. Bharti Airtel ARPU is set for …

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue
9 months ago

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue

Hindustan Times  

Bharti Hexacom, which is owned by telecom major Bharti Airtel, could likely bring its IPO in April first week, seeking valuation of over ₹28,000 crore, CNBC-TV18 reported. The IPO size could be around ₹4,300 crore, the report added after Bharti Hexacom received approval from the Securities and Exchange Board of India to go ahead with its IPO plans. Bharti Hexacom …

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy
9 months, 3 weeks ago

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy

Live Mint  

Barcelona: The government will look at the right opportunity to pare its stake in Vodafone Idea, Neeraj Mittal, secretary in the department of telecommunications, said as he welcomed the approval given by the cash-strapped carrier's board to a fund-raise proposal. Mittal said the department of telecom was likely to bring out the first set of rules and regulations under the …

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel
9 months, 3 weeks ago

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel

Hindustan Times  

Struggling telecom firm Vodafone Idea on Tuesday said its board has approved raising up to ₹20,000 crore in equity from promoters and other investors by June as it looks to shore up finances for much delayed 5G roll out and strengthening 4G services. The debt-laden firm, where the government also holds just over 33 per cent equity stake, plans to …

Vodafone needs cash to reconnect with both investors and subscribers
10 months, 3 weeks ago

Vodafone needs cash to reconnect with both investors and subscribers

Live Mint  

Telecom operator Vodafone Idea Ltd faces a daunting set of challenges, with declining subscriber base a key concern. This indicates that some of the higher usage subscribers of Vodafone Idea could be porting out, possibly to take advantage of Bharti Airtel’s and Reliance Jio’s 5G network, said an Axis Capital report dated 30 January. “The significant amount of cash required …

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act
11 months, 2 weeks ago

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act

Live Mint  

Vodafone Idea Limited on 4 January announced that it will take appropriate legal action for rectification and reversal of an order it received under the Central Goods and Services Tax Act, 2017, entailing a penalty of ₹10.76 crore. "The company does not agree with the order and will take appropriate action for rectification/ reversal of the same," Vodafone Idea said …

Vodafone Idea clears air on talks with Elon Musk's Starlink
11 months, 3 weeks ago

Vodafone Idea clears air on talks with Elon Musk's Starlink

Hindustan Times  

Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink, Reuters reported. Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink The telecom firm's clarification comes after the shares had surged in the past two sessions, this after business …

Vodafone Idea denies discussions with Musk on Starlink services management
11 months, 3 weeks ago

Vodafone Idea denies discussions with Musk on Starlink services management

India TV News  

Vodafone Idea has recently denied the reports which state that it is in talks with Elon Musk- CEO of Tesla and SpaceX for managing its affordable satellite-based Internet service Starlink in India. In an exchange filing, the telecom provider said, “We would like to submit that the company is not in any such discussion with the named party.” Vodafone Idea …

Bharti Airtel Q2 profit declines on one-time charge
1 year, 1 month ago

Bharti Airtel Q2 profit declines on one-time charge

The Hindu  

Bharti Airtel on Tuesday reported a steep drop in second-quarter profit, hurt by a one-time charge, but its revenue rose as it added more 4G and 5G subscribers. The latest quarter’s results included a one-time charge of ₹13.50 billion as interest payable on an additional tax provision amount related to a Supreme Court ruling on variable licence fees. Airtel and …

RJio spin-off or IPO expected within five years: Jefferies
1 year, 3 months ago

RJio spin-off or IPO expected within five years: Jefferies

Live Mint  

New Delhi: Brokerage house Jefferies expects Reliance Jio to be spun off or listed within the next four to five years, on the lines of Reliance Retail, even as the group creates a new energy business and repositions the telecom subsidiary as a technology company. Chairman will create the new energy business, and we expect him to likely spin off/IPO …

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023
1 year, 5 months ago

Reliance Jio witnesses a remarkable growth with 90 lakh net subscriber additions in Q1 2023

India TV News  

Jio Platforms has recorded a significant 12.5% year-over-year increase in net profit and reached up to Rs. During the reported quarter, Jio Platforms witnessed a net addition of over 90 lakh subscribers, with total data traffic soaring over 28% YoY to 33.2 billion gigabytes. Jio Platforms, which includes telecom arm Reliance Jio Infocomm and various startups, has seen significant progress …

Telcos likely to see modest growth in Q1 as disruptive phase is well behind
1 year, 5 months ago

Telcos likely to see modest growth in Q1 as disruptive phase is well behind

Live Mint  

Indian telecom firms are expected to record modest growth in the first quarter of FY24 owing to stable tariffs and the assumption of further improvement in subscriber mix. EBITDA is Kunal Vora - Head India Equity Research, BNP Paribas in his report said, "With stable tariffs for over a year now, we expect the Indian telecom industry revenue growth to …

Reliance Jio aims for 2G-to-4G market with JioBharat V2 phone
1 year, 5 months ago

Reliance Jio aims for 2G-to-4G market with JioBharat V2 phone

Live Mint  

Reliance Jio will begin selling Jio Bharat V2 4G phone which will be internet-enabled, at ₹999, from 7 July targeting India’s 250 million feature phone users that use data-devoid 2G devices. The carrier said Monday that the phone will be available across all offline channels including Jio and Reliance Retail stores. "There are still 250 million mobile phone users in …

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