In the same quarter, Reliance Jio became the country's largest telecom operator with a subscriber base of 33.13 crore
Why today's three-horse race might become a duopoly
From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday
Investments for Jio complete, Airtel towards lower capex spend, Voda Idea capex slows
The leadership overhaul is being seen as a test - will Vodafone Idea be able to compete in the turbulent telecom market in India?
Investors looking to shift funds to firms with comfortable debt levels
We need international players, especially in a sector like telecom, for global best practices and the latest in technology, if nothing else
Ravindar Takkar has been appointed as MD and CEO for a period of three years.
From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday
Ravinder Takkar, an experienced global executive, is currently a Board member of Vodafone Idea and Indus Towers where he is responsible for all Vodafone Group interests in India
Jio's addition of 8.26 million customers in June was higher than the 8.18 million it reported in May
Ravinder Takkar, currently Vodafone Group's representative in India, will be appointed as the new MD and CEO with immediate effect, the company said in a statement
Vodafone Idea shed 41.45 lakh subscribers, and Bharti Airtel 29,883 customers during June, while the Jio continued to add customers at a breakneck speed
Market price of Rs 5.5 a share gives opportunity to Birla Group to mop up shares from the stock markets.
The development comes within two days of another rating agency Crisil downgraded credit value of Vodafone Idea
While the Airtel stock has soared 72 per cent since the issue, that of Voda Idea has dropped to half of where it started off
Amdocs provide software solutions around billing, consumer engagement with telecom network etc
Focus on 4G subscriber growth balances rising cost for telecom firm
The deep-pocketed Jio's entry has so far impacted all the telcos, forcing mergers and also bankruptcy filings
Reacting to the weak June quarter numbers, the firm's shares tanked 27 per cent on Monday, eroding over Rs 7,000 crore from its market valuation