Vodafone Idea's successful FPO likely to end Reliance Jio and Airtel's dominance: Report
Mumbai: Cash-strapped Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO) has been fully subscribed, giving a much-needed push to enable the telco to compete with Reliance Jio and Bharti Airtel, media reports said.
New Delhi/IBNS: The Centre on Wednesday clarified that no money is being paid in acquiring the equity stake in Telecom Service Providers (TSPs) as these companies have opted to convert certain dues payable to the government into equity/preference capital as per the Telecom Reforms Package announced in September last year.
After Vodafone, Tata Tele opts for equity conversion of interest dues; govt to get 9.5 pc stake
Mumbai/IBNS: Tata Teleservices has opted for the conversion of the interest on spectrum and adjusted gross revenue (AGR) dues into equity, where the government will own about a 9.5 percent stake in the telco.
ICRA revises outlook for telecom sector; says ARPU to increase to Rs 174 by FY23 end
Ratings agency ICRA has revised the industry outlook for the telecom sector from 'negative' to 'stable' as the tariff hike by three big companies, Reliance Jio, Vodafone, and Bharati Airtel, following Centre's reforms package, is likely to increase the industry average revenue per user (ARPU) and also support telco companies to profit.
Reliance Jio raises tariff by up to 20 pc, after Airtel, Vodafone
Mumbai/IBNS: After Airtel and Vodafone, Reliance Jio Infocomm Limited, or Jio, has increased its prepaid tariff effective from December 1, 2021.
DoT likely to return bank guarantees of telcos, govt to approach Supreme Court: Report
New Delhi/IBNS: The Department of Telecommunications (DoT) is likely to tell the Supreme Court soon that the government will return bank guarantees (BG) of telcos even for matters which are currently sub judice, ET reported.
Narendra Modi Cabinet approves major reforms in Telecom Sector
New Delhi: The Union Cabinet, chaired by the Prime Minister Narendra Modi on Wednesday approved a number of structural and process reforms in the Telecom sector.
China's telecom sector reports better performance for Q1
Beijing/Xinhua/UNI: China's telecommunications industry registered a slight growth in the first quarter, official data showed.
Telecom sector bat for lower financial charges: ASSOCHAM-KPMG study
New Delhi, Aug 21 (IBNS): The financial stress on the telecom sector can be reduced to a great extent by considering a reduction in spectrum usage charges as well as license fees, according to an ASSOCHAM-KPMG joint study.