Transaction to cost around Rs 12,900 crore; family currently owns 24.13% stake in Airtel
The government has approved a package of Rs 1.64 lakh crore for the company and now responsibility lies on everyone to make the organisation very strong, the minister said.
"In fact, detailed network rollout plans for 5,000 towns in India are completely in place. This will be one of the biggest rollouts in our history," Vittal said during the company's earning call.
Asks them to increase mobile subscriber base to 200 million
In the report, RIL (Reliance Industries Limited) said that Jio took major steps during 2021-22 in getting ready for 5G with its 100 per cent indigenous technology.
The Sunil Mittal-led firm recently acquired 19,867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz bands, bolstering its spectrum holding.
Announcing the sixth edition of the India Mobile Congress (IMC) 2022, he said that the industry has emerged to become a sunrise industry in India and a benchmark for the world.
Despite the buzz in the telecom sector with the ongoing 5G spectrum auction, Bharti Airtel and Voda Idea need to break and sustain above their respective 200-DMAs for hopes a rally to emerge.
Just the threat that Adani might eventually come after the $2-per-month customer could see capital-starved Vodafone Idea buckle, in which case he could swoop in on it later
Reliance Jio, of which he took charge as chairman, is full of potential that is his to maximise
This is the second capital raise by the Indian company in two months after Rs 4,500 crore infusion from its promoters.
Expands scope to cover design-led manufacturing; policy has also been amended to build a strong 5G ecosystem
To address the issue of unsolicited calls, an "important" regulation is in the works, which will enable KYC-identity name of a caller to be displayed, when someone calls, the minister informed.
Vodafone Idea lost about 15.7 lakh mobile subscribers during April 2022, the monthly subscriber data released by the Telecom Regulatory Authority of India (TRAI) on Thursday showed.
The spectrum auction for 5G services marks the beginning of a new era for Indian telecom, Communications Minister Ashwini Vaishnaw said
Research analysts at BofA were of the view that Vodafone Idea (VIL)management has focused on top core circles and the company may selectively bid in their core 3G and 4G circles
But more gains are crucial to telecom industry given investment plans and elevated debt levels
In less than three years of its inception, OnePlus said the Nord category has become a community favourite. This is crucial as India is the largest smartphone market after China
Jio's Q4FY22 revenues were up 8 per cent quarter on quarter and 20.4 per cent year on year, aided by 20 per cent tariff hikes, effective from December and improving customer mix.
It had earlier levied Rs 21 lakh per transponder a year for 36 MHz of spectrum on pro-rata basis