Vodafone Idea user base shrinks by 1.35 million; Jio cements lead with the addition of 1.65 million subscribers
The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.
According to Jio, the JioFiber Backup plan will provide a 24x7, always-on backup connection for homes with unreliable broadband connections
IPL 2023: At 7:30 PM today, defending champions Gujarat Titans will clash with four-time champions Chennai Super Kings at Narendra Modi Stadium, Ahmedabad
Groundwork to create financial behemoth
Six telecom companies -- including Airtel, Reliance Jio and Vodafone Idea -- had a total debt of Rs 4.17 lakh crore in fiscal 2021-22, Parliament was informed on Wednesday. Data submitted by Minister of State for Telecom Devusinh Chauhan in the Lok Sabha shows Vodafone Idea had a debt of Rs 1,91,073.9 crore, Airtel (Rs 1,03,408.1 crore), Reliance Jio (Rs 42,486 crore), BSNL (Rs 40,400.13 crore), Tata Teleservices (Rs 20,162.04 crore) and Tata Teleservices (Maharashtra) Limited (Rs 19,703.84 crore) in the financial year 2021-22. "The Government has approved various structural and procedural reforms in the telecom sector to promote healthy competition, protect interests of consumers, infuse liquidity, encourage investment and reduce the regulatory burden on Telecom Service Providers (TSPs)," Chauhan said.
Business Standard brings you the top headlines at this hour
The growth of the home broadband market in India has been constrained by the fact that only 10 per cent of the households are connected by fibre
Stepping up the fight in fixed broadband segment, Jio on Monday introduced its entry level broadband plan at a price as low as Rs 198 per month. The plan, named Broadband Back-up plan, will come with top internet speed of 10 megabit per second. Earlier, the minimum price for availing Jio Fiber connection was Rs 399 per month. The company has also provided an option to upgrade the internet speed to 30 mbps or 100 for 1 to 7 days by paying in the range of Rs 21 to Rs 152. "...we at Jio understand the customer's need to remain connected round the clock with dependable broadband connectivity at home. With JioFiber Backup, we want to offer alternate reliable broadband connectivity for homes. This new concept of a back-up connection allows homes to have an alternate broadband connectivity with an assured supply of data at an affordable price," Jio spokesperson said. Jio now leads the fixed line connection segment with 84 lakh customers accounting for 30.6 per cent market share. A new .
C-DOT, which has tied up with TCS, is expected to export telecom equipment by 2024
The mode of user expansion is also different for both telecom operators
India's historic debut on the MotoGP calendar in September this year will be exclusively live-streamed on JioCinema and Sports18 after Viacom 18 secured the telecast rights for the country. Viacom18's coverage will tip off with the Grand Premio de Portugal. The network will offer an exhaustive live presentation that will include practice sessions on Friday and Saturday, qualifying and the sprint on Saturday and the main race on Sunday. The MotoGP World Championship is the highest level of motorcycle racing in the world, in which the most skilled riders compete on world-class, high performance, fastest prototype motorcycles on the planet, made by leading manufacturers. The 2023 season, the biggest series to date, will witness 21 races across 18 countries, including the milestone 14th round in India as MotoGP is set to make its debut in the country. MotoGP fans in India will be able to catch all the action from the pinnacle of two-wheeled racing through this new partnership as the 11
The launch of cheaper postpaid plans with unlimited 5G by Reliance's Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric
Priced at Rs. 219, Rs. 399, and Rs. 999, the three special cricket plans will have validities of 14 days, 28 days and 84 days respectively
The cricket plan offer will be available for consumers from 24 March 2023
Deputy Commissioner of Jammu and Kashmir's Rajouri, Vikas Kundal launched the 5G Jio network service in the district on Wednesday
Reliance Jio on Tuesday said that its True 5G services have gone live in 406 cities, thus becoming the first and only telecom operator to reach such a wide network in a short span of time
Airtel is offering its "exclusive" Airtel Black postpaid service, which brings DTH, broadband, landline, and cellular services under one umbrella
This store would be a part of Reliance Industries' premium Jio World Drive mall, while the store in Delhi will be a part of the Select Citywalk mall in Saket
High cost of 5G devices and readily available 4G network shaping users' behaviour