The telecom department has approached regulator TRAI seeking recommendations on reserve price, block size, quantum and other modalities for auction of mobile spectrum in eight existing bands, including 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz and 2,300 MHz, according to sources. Other bands where TRAI's views have been sought by the Department of Telecom (DoT) include 2,500 MHz, 3,300 MHz and 2,6GHz bands, the sources told PTI. DoT has also urged the telecom regulator to offer fresh recommendations for auction of spectrum in 600 MHz bands. TRAI has also been asked to look at the possibility of auction for newly identified 6,425-6,725 MHz and 7,025-7,125 MHz bands for recommendations on auction timing, band plan, reserve price, and terms and conditions. In the last auction held in 2024, Sunil Bharti Mittal's Airtel had emerged as the biggest bidder for radio waves used to transmit mobile phone voice and data signals, cornering about 60 per cent of the Rs 11,341 crore worth of spectrum
Mukesh Ambani has entred into the asset management space with Jio BlackRock Asset Management, a joint venture between Jio Financial Services and global investment giant BlackRock.
Jio BlackRock AMC receives Sebi's final approval to start mutual fund business and appoints Sid Swaminathan as MD & CEO, aiming for innovation and inclusivity
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 ...
43% of total smartphone users of Reliance Jio and Airtel have already jumped on the bandwagon
At an annualised level, revenues from non-connectivity services are expected to reach about ₹16,000 crore
Jio had about 44% of its subscriber base in rural parts by March
The call for collaboration comes at a time when the government is intensifying efforts to detect and prevent potential cybersecurity attacks
Backed by strong demand from mutual funds, Jio Credit's debut bond issue sees three times subscription and achieves a tight yield despite market volatility
Jio, Airtel and Vodafone Idea activate 24x7 joint centre with DoT to ensure uninterrupted services, disaster preparedness and coordination with government agencies
Jio Finance to launch its first bond issue on May 14 with Rs 1,000 crore target and 7.19 per cent expected coupon amid improved liquidity and rate cut outlook
Reliance Jio led March mobile subscriber growth with 2.17 million additions as Airtel's pace slowed and Vodafone Idea reported a steep rise in user exits
Reliance Jio cemented its lead in Indian telecom market adding 21.74 lakh wireless subscribers in March, while Bharti Airtel's monthly gains were at 12.50 lakh users, according to data released by telecom regulator TRAI on Wednesday. Vodafone Idea lost 5.41 lakh mobile users from its network, and its subscriber base shrunk to 20.53 crore users. As per the data, Jio's addition of 21.74 lakh wireless users during the month pushed up its subscriber count to 46.97 crore. For Bharti Airtel, the mobile base expanded to 38.98 crore, with addition of 12.50 lakh users in March. "Total wireless (mobile+5G-FWA) subscribers increased from 1,160.33 million at the end of February-25 to 1,163.76 million at the end of March-25, thereby registering a monthly growth rate of 0.28 per cent. Total wireless subscription in urban areas decreased from 634 million on February-25 to 632.57 million on March-25 and the subscription in rural areas increased from 526.33 million to 531.18 million during the same
JioStar's Vice-Chairperson Uday Shankar emphasised that a new approach for monetisation is needed in the industry, which will in turn help Indian media companies to achieve huge valuations
Tribunal upholds Sebi's Rs 30 lakh penalty on RIL for not disclosing the Jio-Facebook investment deal after media reports triggered stock movement in March 2020
He added, "We are living in an era of global media transformation when two major shifts have reshaped the creative industry globally." The first is geoeconomic, and the other is technological
Reliance Industries stock was trading at a 6-month high after the company reported better-than-expected Q4 earnings; the trading volumes at the counter jumped over 25 mn shares on the BSE and NSE.
Subscriber growth maintains momentum as 5G users hit 191 million
The conglomerate becomes first in India to report net worth of over ₹10 trillion
The company has announced a dividend of Rs 5.5 per equity share for FY25