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Airtel has informed the government and regulator Trai that it has approached Reliance Jio and Vodafone Idea with a proposal for a joint initiative to unite the industry against rising telecom fraud and scams. Airtel has also urged all telcos to collaborate and collectively address the growing threat of deceptive and malicious scams targeting vulnerable individuals. In separate letters to the telcos, it cited data that India recorded over 1.7 million cybercrime complaints in the first nine months of 2024, resulting in financial losses exceeding Rs 11,000 crore. The call for action comes at a time when cybercriminals are using increasingly sophisticated tactics like phishing links, fake loan offers, and fraudulent payment pages, leading to a surge in digital fraud and identity theft incidents. Airtel has upped the ante on the war on digital spams and scams, and the last few weeks have seen the Sunil Mittal-led telco rolling out fraud detection solution to block rogue sites across ...
Industry body DIPA has pledged its support to India's digital and telecom transformation under the new government and sought a clear roadmap that would cement the country's lead in digital infrastructure. Digital Infrastructure Providers Association (DIPA) said the industry is eager to collaborate with the government and contribute its expertise to drive the country's digital transformation further. "Revolutionary policies like Digital India, Gati Shakti, and PM WiFi Access Network have enabled widespread adoption of digital infrastructure, empowering individuals and businesses across sectors, from small vegetable vendors to grocery stores," Tilak Raj Dua, Director General of DIPA said. The telecom industry in India has undergone transformative reforms over the past few years under Prime Minister Narendra Modi's leadership, he said expressing confidence that the new government "will build upon this momentum, ensuring the seamless implementation and sustained success of these landmar
Bharti Airtel's Africa unit, Airtel Africa, has posted a loss of USD 91 million, about Rs 760 crore, in the fourth quarter ended March 2024 on account of tax impact and forex loss, the company said on Thursday. Airtel Africa had posted a consolidated profit of USD 227 million in the same period a year ago. The consolidated revenue of the company, which operates in 14 African countries, declined by 16.6 per cent to USD 1,118 million during the reported quarter from USD 1,341 million in the March 2023 quarter. The revenue was, however, up 23.1 per cent on a constant currency basis. For the year ended on March 31, 2024, Airtel Africa posted a loss of USD 89 million while the company registered a profit of USD 750 million. "Loss after tax of USD 89 million during the year ended 31 March 2024 was primarily impacted by the USD 549 million net of tax impact of the exceptional derivative and foreign exchange losses. Excluding these exceptional items, profit after tax for the year ended 31