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DoT of India Gives 100% FDI Approval to Idea Cellular

5Jun By Gauri SinghNo Comments

BUSINESS

DoT of India Gives 100% FDI Approval to Idea Cellular

The Indian mobile network operator, Idea Cellular stated that the company obtained an approval to raise the Foreign Direct Investment (FDI) limit from the Department of Telecom (DoT). The operator informed that the previous FDI limit stood at 67.5 percent and now has been raised to 100 percent on Monday. The Idea Cellular, in this context, stated, "The approval is for total foreign investment up to 100% in Idea Cellular, and total indirect FDI in its relevant subsidiaries – Aditya Birla Telecom Ltd. and Idea Cellular Infrastructure Services Ltd." Idea Cellular is reportedly in the process of federating with Vodafone India. The approval for the merger by the telecom department is in the final stages of acceptance. The approval to raise FDI is a great step in the process of incorpora...

Jio To Offer Cheap Broadband, Calls, Videos under Rs. 1,000/month

30May By Lavina TolaniNo Comments

News

Jio To Offer Cheap Broadband, Calls, Videos under Rs. 1,000/month

After shaking the telecom market with a new kind of data revolution in the country, Reliance Jio has once again created a buzz as it is about to offer internet, videos and voice call for less than Rs 1000 a month. Such a disruptive offering will not only amp up competition in the telecom sector but surely give an edge to Jio over rival broadband and DTH players. Considering a move targeted on bundled tariffs, a report published on a popular daily has said that the internet telco is venturing into wider internet segment by the end of this year. This will also bring Jio's fibre-to-the-home (services) under unlimited calling through a VoIP (Voice over Internet Protocol) phone as well as JioTV. Reliance Jio presently offers free broadband within unlimited internet at 100 Mbps against ...

Patanjali ties up with BSNL to Launch SIM Cards

28May By Lavina TolaniNo Comments

News

Patanjali ties up with BSNL to Launch SIM Cards

After moving the country with its economic and evergreen consumer products, Yog guru Baba Ramdev's Patanjali has marked a debut in the telecom sector. Patanjali has launched a Swadeshi Samriddhi SIM card in collaboration with Bharat Sanchar Nigam Limited (BSNL) at an event witnessing inaugural by Baba Ramdev. Going in with the soft launch, only the employees and office bearers of Patanjali will be able to avail the benefits of the SIM card. However, once the full-fledged launch goes onboard people will get discount of 10 percent on Patanjali products with this card. Having a Patanjali sim will allow users to get a recharge done for Rs. 144 allowing unlimited calls across the country with a 2 GB data pack and 100 SMSs. Moreover, users will also be entitled to health, accidental ...

Reliance Industries to Inject Rs 60,000 Crore Capital in Jio

7May By Sheldan RungasamyNo Comments

BUSINESS

Reliance Industries to Inject Rs 60,000 Crore Capital in Jio

Reliance Industries is set to pour Rs 60,000 crore capital in its telecom business, Jio, this fiscal year as the company wishes to roll out its broadband services and expand its wireless network faster, according to two people close to the company. Additionally, Reliance Jio Infocomm Ltd might also borrow the astronomical sum of Rs 1 trillion, according to those sources who wished to remain anonymous. “This is being done as Jio wants to fast-track its plan to scale up its capacity and coverage which would require further infusion of funds,” said one of the sources. Anshuman Thakur, head of strategy and planning at Jio did reveal in an interview on 27 April that the company would keep investing on laying fiber even though it already had the largest optical fiber network in India. ...

18Apr By Lavina TolaniNo Comments

INDIA

One-Stop Tariff Portal for Indian Consumers Launched

Telecom Regulatory Authority of India (TRAI) has launched a beta version of a website that will allow comparison of mobile tariffs of all operators at one roof helping to bring transparency and ease. At the first stage, the beta version has gone live for Delhi circle, and users can click the link to compare mobile tariffs. This is an effort to bring all information at one platform related to mobile tariffs that can help users perform comparison easily", said SK Gupta, TRAI Sectetary in his media interaction. However, the tariff comparison portal does not include spot offers given to consumers by telecom companies in an effort to retain their subscribership. Spot plans offered to individual subscribers are banned by the telecom authority and as such are not legal fo...

Reliance Jio Takes Loan of Rs 3250 crore from Japanese Banks

14Apr By Sheldan RungasamyNo Comments

FUNDING

Reliance Jio Takes Loan of Rs 3250 crore from Japanese Banks

Reliance Jio, the telecom operator recently raised funding worth Rs 3250 crore as Samurai term loan from Japanese banks. A samurai loan is a low interest loan from Japanese investors and this deal with Reliance Jio represents the largest samurai loan an Asian company ever signed. A statement released from Reliance Jio read, “Reliance Jio Infocomm Limited has signed an approximately JPY 53.5 billion samurai term loan with 7 year bullet maturity, The facility is guaranteed by Reliance Industries Limited and will be used for funding RJILs ongoing capital expenditure.” “The facility has been fully underwritten by Mizuko Bank Ltd, MUFG Bank Ltd, and Sumitomo Mitsui Banking Corporation Singapore Branch and will be shortly launched into syndication,” the statement added. Last month, the ...

5Feb By RishabhNo Comments

FUNDING

Bharti Airtel Receives Rs 2,649Cr Funding from Singapore Telecom Giant Singtel

Singapore's largest mobile network operator Singtel has invested Rs 2,649 crore in Bharti Telecom Ltd. boosting its stakes by 48.9 percent. Singaporean Telecommunications has over 4.1 million subscribers and through subsidiaries, has a combined mobile subscriber base of 640 million customers at the end of financial year 2017. “Airtel Limited...announced that Singapore Telecommunications Limited (Singtel)... will invest Rs2,649 crore in Bharti Telecom Limited (Bharti Telecom), the promoter company of Airtel through preferential allotment of shares,” Bharti Airtel said in a statement. "Singtel International Investments will be allotted up to 85,450,000 new equity shares in Bharti Telecom at an issue price of INR310 per equity share," Singtel said in a statement Monday. Through its wholl...

Reliance Jio Turns Profitable in Less Than 18 Months

20Jan By NitishNo Comments

News

Reliance Jio Turns Profitable in Less Than 18 Months

Bengaluru: Reliance Industries Ltd, India’s largest listed company by market value, said on Friday that its $30 billion telecom start-up Reliance Jio Infocomm Ltd has turned profitable less than a year and a half since its launch. Reliance Jio swung to a profit of Rs504 crore ($78.97 million) in the third quarter from a loss of Rs271 crore in the second quarter. 6/n Q3 FY2017-18 Positive net profit from digital services segment #Jio of Rs 504 crore #RILresults — Flame of Truth (@flameoftruth) January 19, 2018 13/n Q3 FY2017-18 #Jio standalone revenue from operations at Rs 6,879 crore, up 11.9% q-o-q #RILresults — Flame of Truth (@flameoftruth) January 19, 2018 Reliance Jio, launched late in 2016, sparked a price war in India’s cut-throat telecoms sector, driving down margins...

11Jan By AnkitaNo Comments

INDIA

India Lost 2 Crore Mobile Users in November

The number of telecom subscribers dwindled by 1.58 crore to 118.5 crore in November, even as Reliance Jio continued to lead in customer addition with over 15 crore subscribers, as per a report by Trai. "The number of telephone subscribers in India declined from 1,201.72 million at the end of October 2017 to 1,185.88 million at the end of November 2017, thereby showing a monthly decline rate of 1.32 per cent," the Telecom Regulatory Authority of India said in a monthly subscriber report today. The decline was mainly on account of closure of mobile services by some of the operators including Anil Ambani-led Reliance Communications (RCom), which lost over 2.57 crore subscribers during the period. As per the report, the number of total mobile subscribers declined to 116.24 crore from ...

How To Buy Airtel’s Rs 1399 4G Smartphone, All You Need To Know

11Oct By RishabhNo Comments

News

How To Buy Airtel’s Rs 1399 4G Smartphone, All You Need To Know

What is now being termed as 'Jio-effect', Airtel partners with Karbonn Mobiles, to offer a 4G smartphone- the Karbonn A40 Indian for Rs 1,399, undercutting Reliance Jio's 4G feature phone, which was 'effectively free', priced at Rs 1,500. The initiative will see the telecom network join hands with more OEMs in the days to come to "create an open ecosystem of affordable 4G smartphones and bring them to market for virtually the price of a feature phone." Airtel's 'Mera Pehla 4G Smartphone' initiative, aka- 'My First Smartphone', is aimed at allowing "every Indian to buy a 4G Smartphone" in a highly affordable package. Smartphones under the initiative will soon be available in offline stores, with after sales being handled by the device manufacturers themselves. The Karbonn A40 Ind...

Reliance Jio Files 54 Global Patents in FY17

29Jun By Press Trust of IndiaNo Comments

BUSINESS

Reliance Jio Files 54 Global Patents in FY17

New Delhi- Mukesh Ambani-owned Reliance Jio, known for its aggressive data and voice offerings, filed a total 54 global patents during 2016-17. RIL, in its latest annual report, said its telecom venture has been a catalyst in Indias digital ecosystem and that data consumption on Jio network is "higher than the total mobile data consumption in the US, and twice that in China". "Jio envisages to usher in the era of visuality where video will replace voice as the new communication medium...Jio has so far filed 54 global patents," said RILs annual report for 2016-17. Exuding confidence that Jio network is "future ready" and can be upgraded as technologies advance to 5G, 6G and beyond, the report said that the company is working towards expanding its reach to over 95 per cent of popula...

Trai Launches MyCall App For Subscribers to Rate Call Quality

6Jun By Press Trust of IndiaNo Comments

INDIA

Trai Launches MyCall App For Subscribers to Rate Call Quality

The telecom regulator Trai today launched a new app that would enable subscribers to rate the quality of a phone call. The new MyCall app, along with updated and enhanced versions of MySpeed app and Do Not Disturb app are amongst a slew of web initiatives unveiled by the Telecom Regulatory Authority of India (Trai) today. "As the mobile subscriber base increases, it is important that we continue to get feedback from the customers. The MyCall app will enable mobile phone users to rate their experience about call quality and help Trai gather data on a real time basis," Trai chairman RS Sharma said. After a call ends, the Android app allows users to select their rating and indicate whether the call was made indoor, outdoor or while travelling. Subscribers can also provide addition...