Revenue from operations climbed 10.3%, snapping five straight quarters of slowing growth
Jio, the telecom and digital arm of billionaire Mukesh Ambani's Reliance, continues to be the strongest Indian brand, ahead of likes of Life Insurance Corporation and State Bank of India, according to the latest report 'Global-500 2024' published by Brand Finance. Jio had topped India's strong brands in Brand Finance's 2023 rankings as well. In the 2024 ranking, Jio is placed at the 17th position among the world's strongest brands with a Brand Strength Index of 88.9 in the list led by WeChat, YouTube, Google, Deloitte, Coca Cola and Netflix. LIC is placed at the 23rd place on the list, followed by SBI at 24th rank. It is ahead of brands like EY, and Instagram. "Jio, a relatively new entrant in the telecommunications sector, emerges as the strongest brand with a notable 14 per cent increase in brand value to USD 6.1 billion, alongside a high brand strength index score of 89.0 and associated AAA brand rating," the report said. "Jio's meteoric rise in the telecom industry is benefiti
The coupons will become available in the user's MyJio account after recharging with the Rs 2,999 Jio prepaid plan
Hathway Digital and IndusInd Media & Communications did not wish to comment on the development
Reliance Jio completed the fastest roll-out of 5G infrastructure anywhere in the world
Bharti Airtel, the second-largest player in the market, saw its subscriber count increase by 0.35 million, much lower than the 1.32 million users the company added in September
Trai data suggests that Airtel's market share was flat at 32.85 per cent in October and Jio's share rose to 39.30 per cent
Reliance Jio Infocomm chairman Akash Ambani on Wednesday said the country's largest telco is working with Indian Institute of Technology-Bombay to launch a 'Bharat GPT' programme. The company, a unit of Reliance Industries, is also "comprehensively thinking" to launch an operating system for televisions, he said, adding that it has been working on it for a while now. Speaking at the institute's annual Techfest here, the 32-year-old Ambani family scion said building an "ecosystem of development" is very important for the company, and added that work on the vision of "Jio 2.0" is already on. "We have been working on a project with IIT Bombay to launch a Bharat GPT programme," he said, while speaking about the partnership between Jio and the premier tech school, which goes back to 2014. At present, we have just scratched the surface with large language models and generative AI and the next decade will be defined by these applications, he said. Ambani said artificial intelligence will
One Web can leverage on the fact that it has already rolled out services in parts of Europe, US and Africa and is in talks with at least 2 airline companies in Europe to offer the service inflight
Bharti Airtel, the second-largest player in the market, saw its subscriber count increase by 1.32 million users
The proposal was included in a new draft bill for the telecommunications sector, which seeks to replace the 138-year old Indian Telegraph Act that currently governs the sector
In a key move, it has also allowed telcos to surrender spectrum if they are unutilized. However, the government will not return the amount already paid by the company, people in the know said.
while the market for satellite broadband currently is small ($10-15 million), the potential is large as an estimated 30% of the country does not have reliable terrestrial broadband services
About 1,000 applications to install mobile towers in Uttar Pradesh are stuck for approval, especially in Noida and Ghaziabad, industry body Digital Infrastructure Providers' Association (DIPA) said on Friday. Mobile towers play an important role in enhancing network quality, especially for 5G services requiring higher numbers of towers as compared to 4G network. DIPA said telecom infrastructure providers are facing problems in getting permissions for deploying infrastructure in UP, especially Noida and Ghaziabad. DIPA Director General T R Dua said despite applying on the online portal Nivesh Mitra -- the single window system of the Uttar Pradesh government -- after providing all necessary documents and depositing the application fee, no permission for deployment of telecom infrastructure has been granted. Close to 1,000 applications are pending, where the members have already made non-refundable payments of Rs 1,000 each, amounting to Rs 10 lakh, DIPA said in a statement. DIPA mem
Global telecom operators body says major nations nearing consensus on capacity requirements of 5G and beyond
Telecom operators want the government to adopt a bill, similar to a proposal in the US Congress, that would make large internet apps contribute to infrastructure costs to help lower broadband costs for consumers, a senior industry official said. A bill sponsored by US Senators Markwayne Mullin, Mark Kelly and Mike Crapo in US Congress last month aimed at lowering broadband costs for consumers proposed a direction to telecom regulator Federal Communications Commission (FCC) to mandate social media platforms, streaming services apps, cloud computing service providers like WhatsApp, YouTube, Netflix, Google etc to contribute to universal fund that is used for building networks. The proposed bill named, Lowering Broadband Costs for Consumers Act of 2023, has classified social media platforms, streaming service, over-the-top messaging service, video gaming service, videoconferencing service, e-commerce platform, search engines under edge services providers. Telecom industry body Cellular
Bharti Airtel and Reliance Jio have both clarified that unlimited does not equate to infinity as data usage is restricted by speed and network
Reliance Jio, the nation's biggest mobile telephony operator, has set up mobile infrastructure near the collapsed tunnel in the himalayas within 12 hours to provide voice and data services to aid the rescue of 41 construction workers. The remote part of Uttarakhand had weak signals and authorities, working day and night to rescue the workers trapped in the under-construction tunnel since its collapse more than two weeks ago, had asked the telecom operator to boost the network. Posting pictures of the mobile tower, Reliance in a post on X said it surmounted challenges of no power and poles besides poor road connectivity to provide voice and data services. "Our Jio Team is working shoulder-to-shoulder with those tasked with the rescue operations. Honoured to report that Jio's data and voice services have been provided at this challenging vertical location within 12 hours," it said. Stating that no vehicle can go to the hilltop location, the company said there are no poles and power a
Currently, Reliance Jio's AGR market share is 41.6 per cent while Airtel's is at 37.2 per cent
Market participants said the rate on the bonds might be 15-25 basis points higher than that on Reliance Industries bonds issued earlier this month