Both Bharti Airtel and Vodafone Idea have said they will avail the four-year moratorium on payment of dues
Bharti Airtel has already decided to opt for a four-year moratorium on spectrum and adjusted gross revenue dues payable to the government
The smartphone, developed in partnership with Google, will be rolled out before Diwali after missing its September 10 launch due to global chip shortages
JioPhone Next 4G smartphone will enable vernacular speakers to connect with people speaking different regional languages, mainly to target around 30 crore 2G users in the country. The made in India smartphone is likely to be launched before Diwali. JioPhone Next will have the first operating system -- Pragati OS -- jointly developed by Jio and Google, customised for Indian users, the telco said in a video released on Monday. Reliance Industries Chairman and Managing Director Mukesh Ambani at the group's 44th annual general meeting had asserted that an ultra-affordable 4G smartphone is essential to make India '2G-mukt' (free of 2G). He had said India still has nearly 30 crore mobile users who are unable to escape from inefficient and exorbitant 2G services since most basic 4G smartphones remain unaffordable. Jio was the first company that launched 4G mobile phones in India free for consumers, where they were required to pay a refundable deposit of Rs 1,500 for a JioPhone, built lik
The JioPhone Next will be powered by Google Android operating system-based Pragati OS and Qualcomm processor
Jefferies says Q2 result disappointing, cuts earning estimate
With low visibility in tariff hikes, strategic sale in oil-to-chemical biz a near-term trigger
The company said Covid-19 impact in the previous quarter led to a churn of low-end subscribers and resulted in a fall of customer base.
The company had record a profit of Rs 3,019 crore in the corresponding quarter a year ago.
Reliance Jio's mobile base stands at 443.8 million, that of Bharti Airtel's is 354.1 million and Voda Idea 271 million
In contrast, Vodafone Idea lost 833,000 subscribers
Bharti Airtel, Vodafone Idea, and Reliance Jio get 3 months to inform DoT on equity conversion
It has also given 90 days' time to the operators to indicate if they want to opt for converting the interest amount pertaining to the moratorium period into equity
Reliance Jio maintained the top position in the 4G speed chart with a 20.9 megabit per second (Mbps) average download rate in September, as per telecom regulator Trai
The urgency around tariff hikes has come down with Vodafone Idea Ltd's (VIL) near-term cash outflow significantly reduced, IIFL Securities said.
At $0.5 billion per MW of acquisition enterprise value (EV), if we were to extrapolate to RIL's solar photovoltaic (PV) manufacturing, it implies $7-10 billion in value creation
DoT had recently issued demand notices to both the telcos to pay cumulative Rs 3,050 crore in penalties in three weeks' time for violating norms by denying Reliance Jio PoIs way back in 2016
Haptik's customer base include Dream 11, Oyo Room, Lenskart, Ola cab, Pepperfy, Upstox, Havells, Ceat, Eureka Forbes etc.
It will be home to prominent international and Indian brands, 27 culinary outlets, Mumbai's first rooftop Jio Drive-In Theatre, an open-air weekend community market, pet-friendly services, and others
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. "While the Government's recent moves improve the chances of Vodafone Idea's survival, it is unlikely to arrest the market share shift from Vodafone Idea towards Bharti Airtel and Reliance Jio," Jefferies' note said. This, along with, Bharti's hikes in July should keep revenue growth strong over the near to medium term. "For 2QFY22, we expect Reliance Jio and Bharti to report 5-7 per cent quarter-on-quarter rise in revenue with steady margin," it ...