NEWS ON TELECOM
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April 19, 2018, Thursday
Idea Cellular hits 52-week low; stock falls 35% in 2018
The stock was down 2% at Rs 70 on the BSE, trading at its lowest level since January 20, 2017
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April 18, 2018, Wednesday
NCLAT recalls order that allowed sale of RCom's tower and fiber assets
The apex court on April 16 stayed the order allowing the sale
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April 13, 2018, Friday
Airtel assures Delhi HC of making changes to tagline of IPL 2018 ads
Reliance Jio had alleged that the commercials of Airtel were "deceptive and misleading"
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April 13, 2018, Friday
Airtel offers 30 GB free data on 4G smartphone upgrade for 2G/3G customers
Airtel said this programme will complement its 'Mera Pehla Smartphone' initiative
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April 09, 2018, Monday
Airtel's new home broadband plan at Rs 2199 offers 1,200 GB data at 300Mbps
Customers opting for the plan also get free subscription to Airtel's OTT apps - Wynk Music and Airtel TV
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April 09, 2018, Monday
Airtel to bring 300Mbps FTTH broadband plan with 1200 GB data: Details here
The new plan comes bundled with free subscription to Airtel's OTT apps, one-year free subscription of Amazon Prime Video services, 1,000 GB of ...
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April 06, 2018, Friday
Reliance Communication gets NCLAT nod to sell tower, fibre assets
RCom can now execute its full asset monetisation programme of around Rs 250 billion
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April 06, 2018, Friday
RCom gets NCLAT nod for tower, fibre assets sale; shares end 3% higher
Proceeds of the sale will be deposited with state-run State Bank of India in an escrow account, said RCom
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April 05, 2018, Thursday
Supreme Court lifts stay on Reliance Communications asset sale
The Supreme Court has now allowed the sale of telecom towers in accordance with law
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April 05, 2018, Thursday
Trai's proposal on public wi-fi hot spots awaiting DoT approval
Trai had on March 9 last year said public wi-fi would make broadband services available at low cost
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April 05, 2018, Thursday
Airtel reinstates Rs 649 plan; offers 50GB data, add-on SIM with free calls
The Airtel Rs 649 infinity plan comes bundled with free subscription to Airtel's music streaming service Wynk, Airtel TV, Amazon Prime Videos ...
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April 05, 2018, Thursday
SC vacates HC stay, RCom's secured lenders can go ahead with asset sale
The National Company Law Tribunal had halted RCom from selling any asset without its permission
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April 04, 2018, Wednesday
Idea worst hit in Q4 among telcos, to report a five fold increase in losses
While ARPU decline will impact all the operators, the sector given RJio's revenues could post a sequential uptick in revenue
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April 04, 2018, Wednesday
Mukesh Ambani, Sunil Mittal plan Rs 365 bn war chest in telecom fight
Emails sent to Bharti and Jio spokesmen seeking details on use of funds went unanswered
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April 03, 2018, Tuesday
Bharti Airtel headed for first loss in 60 quarters on falling revenue
Falling tariffs in its India business, brought on by Reliance Jio's January offering, is the single biggest reason for the dismal show
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March 27, 2018, Tuesday
Vodafone-idea merger in final stages, awaiting FDI approval, says DoT secy
Telecom Secretary Aruna Sundararajan also expressed hope that the roadmap for the fifth-generation (5G) network in India would be ready by June
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March 27, 2018, Tuesday
GTL Infra moves NCLT against Aircel; Tower Co wants dues back from Maxis
Aircel owes Rs 170 billion to lenders and Rs 5 billion to GTL Infrastructure
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March 27, 2018, Tuesday
Rs 1,200 billion debt to weigh on Vodafone-Idea, may hit growth plans
The merged entity would lead the market with a revenue market share of about 37% against Airtel's 31.2% and Jio's 14.5%
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March 26, 2018, Monday
Airtel offers free 30GB data to test 4G VoLTE services in select states
Airtel VoLTE beta programme is currently live in West Bengal, Odisha, Assam, Kerala, Bihar, Punjab and Andhra Pradesh circles only
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March 23, 2018, Friday
Meet Balesh Sharma, who will be the CEO of Vodafone-Idea merged entity
Sharma, who joined Vodafone (then Hutch) in 2003, has over the years held several senior management positions in India and internationally
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March 23, 2018, Friday
Kumar Birla to be chairman of merged Voda-Idea entity; Balesh Sharma CEO
Idea's Akshaya Moondra has been named CFO and his colleague Ambrish Jain COO
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March 23, 2018, Friday
Supreme Court orders status quo for RCom asset sale to Reliance Jio
The sale is important for RCom to repay debt by March. Else, it could be sent to the NCLT under the Insolvency and Bankruptcy Code
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March 22, 2018, Thursday
Confident about expeditious completion of asset sale plan: RCom
The asset sale process, however, hit a hurdle when an arbitration court, in an interim order, barred the sale plans without its permission, on ...
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March 22, 2018, Thursday
Tata Coffee, HCC among 61 stocks from BSE smallcap index hit 52-week lows
Sunil Hitech, Diamond Power Infra, Reliance Naval and Engineering, Gammon Infra and A2Z Infra Engineering were down in the range of 6% to 13%, ...
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March 22, 2018, Thursday
Supreme Court refuses to lift stay on RCom asset sale to Reliance Jio
The top court will hear pleas from the consortium of banks and RCom against stay of assets sale by HC on April 5
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March 21, 2018, Wednesday
Reliance Communications gets bondholders' nod for asset sale to Jio
RCom also got approval for the partial release of noteholder collateral to help the sale get underway
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March 20, 2018, Tuesday
Jio vs the rest: Next round of telecom sector consolidation has just begun
From an industry that had a profit after tax of 15% of its revenues in 2007-08, its losses hit more than Rs 180 bn in 2016-17 even though the ...
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March 19, 2018, Monday
Mobile subscriber base grows by 10.8 mn in Feb to 999.33 mn: COAI
Bharti Airtel continues to hold the top position with 29.5%t market share
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March 17, 2018, Saturday
Tata Comm gets ready for public utilities play, will invest Rs 6.5 billion
According to Shridhar, the future of IoT has a lot to do with safety, including smart devices for women and wearables for factory workers
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March 16, 2018, Friday
Samsung Galaxy S9, Galaxy S9+ go on sale in India: Here are the best offers
Galaxy S9 and Galaxy S9 Plus get discounts, cashback and exchange offers through Samsung online store, Flipkart and Airtel online store
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March 16, 2018, Friday
Airtel offers Samsung Galaxy S9, Galaxy S9+ on down payment of Rs 9,900
The devices were launched in India earlier this month. Price of the Galaxy S9 and S9+ starts at Rs 57,900 and Rs 64,900, respectively
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March 16, 2018, Friday
Trai scanner on Bharti Airtel tariffs for violating its transparency order
The regulator has asked the firm to answer queries on non-transparency, discriminatory pricing
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March 14, 2018, Wednesday
Tata Teleservices plans to close CDMA service in Delhi from March 19
Tata Teleservices is learnt to have already closed CDMA service in some of the circles
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March 14, 2018, Wednesday
ITI Ltd to have Rs 100-bn order book by March-end: Parl panel report
It is expected that Naini unit also will become profitable during 2018-19
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March 14, 2018, Wednesday
Nokia, Ericsson spot huge biz potential in telecom sector consolidation
With three private players dominating the sector soon, equipment providers feel they need will to ramp with infra to tackle 40% growth in data ...
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March 13, 2018, Tuesday
Airtel stock: Valuations, ability to manage debt are investment arguments
Analysts at UBS said Airtel had defended its market share and had the spectrum, capacity and willingness to invest that hold the key to emerge ...
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March 12, 2018, Monday
Bharti Airtel to raise Rs 165 bn to refinance debt and pay for spectrum
The board of Bharti Airtel has approved to raise about Rs 165 billion through a mix of issuing non-convertible debentures (NCDs) and foreign ...
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March 09, 2018, Friday
CCI approves acquisition of RCom infrastructure assets by Reliance Jio
While neither Jio nor RCom had divulged the size of the deal, sources have pegged the transaction value at Rs 180 billion
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March 09, 2018, Friday
RBI slaps Rs 50-mn fine on Airtel Payments Bank for violation of KYC norms
RBI issued a show cause notice to the bank on January 15 saying why penalty should not be imposed for non-compliance with guidelines
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March 09, 2018, Friday
GTL, GTL Infra tank upto 20% as company cuts outlook on Aircel insolvency
GTL Infra locked in lower circuit of 20% at Rs 3.11, while GTL hit a record low of Rs 9.60 on the BSE.
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March 08, 2018, Thursday
Telecom consolidation: Who gains most from govt's spectrum cap decision?
Vodafone-Idea and Reliance Jio will be the key gainers of the government's decision to remove the cap on holding spectrum
