Trump signs tax, government spending bills into law; says fulfilled Christmas promise
According to the Trai, market leader Airtel added 3.14 million subscribers and its overall base reached 285.19 million, with a market share of 24.21%
India's current mobile data subscriber penetration stands at 40 per cent
Will utilise it's wide user base to tie-up with local kirana stores
Reliance Jio is also aiming to explore potential partnerships in the future
'When Jio will have 200 mn subscribers, then it will gradually stop giving promotions and discounts, Nitin Soni, director at Fitch Ratings, said
The company's telecom revenues for the September quarter was led by industry leading average revenue per user and strong subscriber additions
The stock of Bharti Infratel was up 5.4 per cent in trade on Thursday on reports that it could be buying out the stake of its joint venture partners in Indus Tower. While Bharti Infratel and Vodafone have 42 per cent stake each in Indus, Idea has 11.15 per cent. The Street perceives the deal to be a positive one for Bharti, as it allows the company to put its hoard to good use. The company had cash of Rs 4,400 crore at the end of June and generates about Rs 3,500 crore annually. The deal will help improve the return ratios, as the return on capital employed was pulled down by the cash pile. Analysts believe the stock could get re-rated, with even an 8.1 per cent increase in stake helping it to save on dividend tax (double taxation on dividends from Indus) and eliminate the holding company discount.For the incumbent operators, facing intense competition from Reliance Jio, cutting of debt and investing in expansion of fourth-generation technology (4G) capability simultaneously has ...
The move came after the reports surfaced that Airtel is in talks with multiple handset makers to bring a 4G smartphone for a price as low as Rs 2,500-2,700 to take on Reliance Jio
Jio had complained against incumbent operators Bharti Airtel, Vodafone and Idea for forming a cartel and blocking its entry
Reliance Jio on Wednesday said it is committed to implementing the most efficient telecommunications network in India and passing on the benefits of technology to Indian customers, adding that implementation of the Bill & Keep regime by the Telecom Regulatory Authority of India (TRAI) will help in making services more affordable for Indian customers.
Mukesh Ambani launched Reliance Jio on Sept 5 last year
The Jio data costs around Rs 11 for 1GB a day
Reliance Jio started charging for data from April, yet its adjusted gross revenue remained negative
Handset makers coming up with entry-level 4G feature and smartphones phones by Diwali
Petitioner alleged Airtel's subsequent ad campaign was based on dishonest award issued by Ookla
Reliance Jio has been recording highest speed since the past seven months
It said telcos are burning cash amid a brutal competition for market share
Pain in the telecom sector is not over yet and the current year will see an up to 10 per cent fall in revenue and eventually, the top three telcos will control up to 85 per cent of revenue market share after the ongoing consolidation, says a report. "We expect a consolidation in the telecom sector, with the top three telcos (Vodafone-Idea, Airtel and Jio) eventually controlling 75-85 per cent of revenue," ratings agency Standard & Poor's said in a note today. Stating that the the aggressive market play is "costly" for competitors, it said telcos are burning cash amid a "brutal competition for market share". "The ongoing raging telecom battle has all the ingredients of a 'Hunger Games' movie. The combination of rivalry, power plays, and elimination of the weak, has investors, financiers, analysts, and the government on the edge of their seats," its credit analyst Ashutosh Sharma said. The telecom sector has always been very competitive with telcos vying for market share, but ..
Price wars, capex to hit earnings growth of top telecom players