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#telecomIndustry

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Rediff News
Jio's cashback offer to escalate competition

Jio's cashback offer to escalate competitionhttp://rediff.ly/sq5y4

Mukesh Ambani-led Reliance Jio has introduced a 20-per cent cashback offer on select prepaid plans, intensifying... Read more »»

Rediff News
Jio's cashback offer to escalate competition

Jio's cashback offer to escalate competitionhttp://rediff.ly/sq5y4

Mukesh Ambani-led Reliance Jio has introduced a 20-per cent cashback offer on select prepaid plans, intensifying competition in the Indian telecommunications (telecom) market. Jio is the largest telecom service provider in India, with 443 million subscribers as of July. Jio's cashback offer will drive cross-selling across Reliance's various retail businesses, but the move is also being seen by some analysts as a signal that tariff hikes may not be around the corner just yet.

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Jio's cashback offer to escalate competition
Posted : 1 week ago
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Rediff News
100% FDI in telecom sector gets govt nod

100% FDI in telecom sector gets govt nodhttp://rediff.ly/spn23

The government on Wednesday notified its decision to permit 100 per cent foreign direct investment (FDI) under... Read more »»

Rediff News
100% FDI in telecom sector gets govt nod

100% FDI in telecom sector gets govt nodhttp://rediff.ly/spn23

The government on Wednesday notified its decision to permit 100 per cent foreign direct investment (FDI) under automatic route in the telecom services sector. In a press note, the Department for Promotion of Industry and Internal Trade (DPIIT) said foreign investment in telecom services will be subject to the condition of Press Note 3 of 2020. Accordingly, cases requiring prior government approval under the provisions of Press Note 3 will continue to be in place.

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100% FDI in telecom sector gets govt nod
Posted : 1 week ago
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Rediff News
Jio, Bharti may see 5-7% sequential revenue rise

Jio, Bharti may see 5-7% sequential revenue risehttp://rediff.ly/spktf

Telcos Reliance Jio and Bharti may post a 5-7 per cent sequential rise in revenue with a steady margin for the second... Read more »»

Rediff News
Jio, Bharti may see 5-7% sequential revenue rise

Jio, Bharti may see 5-7% sequential revenue risehttp://rediff.ly/spktf

Telcos Reliance Jio and Bharti may post a 5-7 per cent sequential rise in revenue with a steady margin for the second quarter of FY22, according to Jefferies. Bharti's growth will be led by segmented tariff hikes taken in the second quarter ended September, while Jio's growth will be driven by continued subscriber growth, it further said. Jefferies expects the outlook on tariff hikes for Bharti, further details on JioPhone Next for Jio, and tenancy outlook for Indus Towers to be the key things to watch for in the September quarter.

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Jio, Bharti may see 5-7% sequential revenue rise
Posted : 1 week ago
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Rediff News
Bank guarantee requirement for telcos slashed by 80%

Bank guarantee requirement for telcos slashed by 80%http://rediff.ly/spjre

The Department of Telecom has slashed performance and financial bank guarantee requirement of telecom operators by 80... Read more »»

Rediff News
Bank guarantee requirement for telcos slashed by 80%

Bank guarantee requirement for telcos slashed by 80%http://rediff.ly/spjre

The Department of Telecom has slashed performance and financial bank guarantee requirement of telecom operators by 80 per cent, according to a licence amendment note issued on Wednesday. Under the amended norms, telecom operators will be required to provide a performance bank guarantee of up to Rs 44 crore for each service for the telecom licence compared to Rs 220 crore mandated under the old rule.

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Bank guarantee requirement for telcos slashed by 80%
Posted : 1 week ago
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Rediff News
DoT mulls withdrawing cases against telcos

DoT mulls withdrawing cases against telcoshttp://rediff.ly/soqya

The government is considering withdrawing legal cases against telecom companies, involving disputes of about Rs... Read more »»

Rediff News
DoT mulls withdrawing cases against telcos

DoT mulls withdrawing cases against telcoshttp://rediff.ly/soqya

The government is considering withdrawing legal cases against telecom companies, involving disputes of about Rs 40,000 crore, a source said on Tuesday. In line with this, the Department of Telecom has already filed an affidavit before the Supreme Court in a case against Anil Ambani-promoted Reliance Communications to take an informed decision whether to proceed with the present appeal or not, the source said. DoT has said the telecom sector is passing through a financial stress due to various circumstances and telecom services providers are making losses.

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DoT mulls withdrawing cases against telcos
Posted : 1 week ago
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Tamil Nadu bureaucrat K Rajaraman is new telecom secretary

Tamil Nadu bureaucrat K Rajaraman is new telecom secretaryhttp://rediff.ly/sm7co

Tamil Nadu cadre IAS officer K Rajaraman on Friday took charge as the new telecom secretary. His joining comes... Read more »»

Rediff News
Tamil Nadu bureaucrat K Rajaraman is new telecom secretary

Tamil Nadu bureaucrat K Rajaraman is new telecom secretaryhttp://rediff.ly/sm7co

Tamil Nadu cadre IAS officer K Rajaraman on Friday took charge as the new telecom secretary. His joining comes following the superannuation of Anshu Prakash on September 30. "Shri K Rajaraman, IAS (TN:89) takes charge as Secretary, @DoT_India in presence of senior officials of the department," a PIB tweet said. He was serving as the additional secretary for investments at the Department of Economic Affairs before being promoted to the position of secretary, DoT.

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Tamil Nadu bureaucrat K Rajaraman is new telecom secretary
Posted : 2 weeks ago
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Vodafone Idea reworking business plans

Vodafone Idea reworking business planshttp://rediff.ly/slr11

Vodafone Idea (Vi) is working on a fresh business plan that could alter its funding requirements. Addressing... Read more »»

Rediff News
Vodafone Idea reworking business plans

Vodafone Idea reworking business planshttp://rediff.ly/slr11

Vodafone Idea (Vi) is working on a fresh business plan that could alter its funding requirements. Addressing shareholder queries at the company's annual general meeting (AGM) on Wednesday, Vi chairman Himanshu Kapania said the exact amount will be worked out upon submission of a new business plan. "The management is working on a new business plan and will come to the board with the funding requirements," Kapania told shareholders in his first AGM as chairman.

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Vodafone Idea reworking business plans
Posted : 2 weeks ago
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Rediff News
No fresh equity to be infused in cash-strapped Voda Idea

No fresh equity to be infused in cash-strapped Voda Ideahttp://rediff.ly/skmg8

Vodafone plc has made it clear that it will not make any fresh equity infusion in its Indian telecom... Read more »»

Rediff News
No fresh equity to be infused in cash-strapped Voda Idea

No fresh equity to be infused in cash-strapped Voda Ideahttp://rediff.ly/skmg8

Vodafone plc has made it clear that it will not make any fresh equity infusion in its Indian telecom business--Vodafone Idea Ltd (VIL). Responding to a query, a spokesperson at the UK-headquartered telco said: "Just to confirm our position, there will be no new equity infusion from Vodafone Group." This is the first time that Vodafone has spoken about its stand after the government announced a telecom package.

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No fresh equity to be infused in cash-strapped Voda Idea
Posted : 2 weeks ago
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Rediff News
5G Spectrum Auction Unlikely Before 2023

5G Spectrum Auction Unlikely Before 2023http://rediff.ly/sipns

'We are targeting the 5G tender around January-March 2023.'

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#Mhz
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Rediff News
5G Spectrum Auction Unlikely Before 2023

5G Spectrum Auction Unlikely Before 2023http://rediff.ly/sipns

'We are targeting the 5G tender around January-March 2023.'

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#Mhz

5G Spectrum Auction Unlikely Before 2023
Posted : 3 weeks ago
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Govt has no interest in acquiring any telecom company: VIL CEO

Govt has no interest in acquiring any telecom company: VIL CEOhttp://rediff.ly/simnn

The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it... Read more »»

Rediff News
Govt has no interest in acquiring any telecom company: VIL CEO

Govt has no interest in acquiring any telecom company: VIL CEOhttp://rediff.ly/simnn

The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of debt-ridden Vodafone Idea has said. Vodafone Idea Ltd (VIL) managing director and CEO Ravinder Takkar in an interview to PTI said it is clear that the government wants the company to compete in the market and there should be at least three private service providers in the telecom sector. "I have had many many interactions across various parts of the government leading up to this announcement (telecom reforms).

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Govt has no interest in acquiring any telecom company: VIL CEO
Posted : 3 weeks ago
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