June 16th, 2017 11:01 AM 16 COMMENTS

Here’s How Jio Dhan Dhana Dhan Offer Changed the Landscape of Indian Telecom Industry

Reliance Jio’s Dhan Dhana Dhan plan offers 1GB data per day and unlimited calling with a validity of 84 days for its Prime users. After the expiry of Dhan Dhana Dhan offer, the Prime users on recharging with Rs.303 get the same benefits but for 28 days only. Now the effective cost per day is Rs.10.82 (during Dhan Dhana Dhan offer it was Rs.4.82). For non-prime, the data is limited... Read More

June 14th, 2017 8:42 PM 1 COMMENTS

Per-User Data Consumption to Grow to 11 GB per Month by 2022 in India: Ericsson Study

The data traffic per smartphone user in India will increase to 11 GB per month by 2022, from 2GB per month data consumption currently, according to Ericsson Mobility Report 2017. The total mobile data traffic in India is expected to grow at a CAGR of around 40 percent, reaching almost 8 Exabytes of data per month compared to around 1 EB of data consumption by the end of 2016. The... Read More

June 14th, 2017 8:19 PM 2 COMMENTS

Union Cabinet to Consider RCom’s Tower Deal With Brookfield Worth Rs 11,000 Crore: Report

The Cabinet will next week consider RCom’s deal with Brookfield Infrastructure Partners for the divestment of the former’s tower business in India, according to media reports. Canada-based Brookfield has proposed to buy 51% interest in Reliance Infratel worth Rs 11,000 crore. The deal is a part of RCom’s transformation strategy which aims to reduce its net debt that stands at Rs 45000 crore. The Cabinet’s nod will pave the way... Read More

June 10th, 2017 9:19 PM 44 COMMENTS

Kumar Mangalam Birla Blames Jio for Falling Revenues, Profitability of Telecom Industry: Report

Aditya Birla Group chairman Kumar Mangalam Birla, in a letter to shareholders of Idea Cellular, reportedly blamed Mukesh Ambani-led Reliance Jio for causing unprecedented disruption in India's telecom sector, which has led to two percent decline in annual revenues in 2016-17 fiscal, according to an ET report. India's telecom industry is facing a decline in revenue and profitability on account of competition intensified by the entry of Reliance Jio. The... Read More

June 10th, 2017 2:03 PM 33 COMMENTS

The Rumoured Indian Pricing for Upcoming Nokia Phones is Killing Everyone’s Excitement

HMD Global is all set to launch Nokia phones in India on June 13. The company has sent out media invites earlier this month and recently confirmed that they are launching the Android-powered Nokia phones- the Nokia 6, the Nokia 5, and the Nokia 3. Apparently, all the three Nokia phones will be released on the same day, but they might go on sale on different dates. The three Nokia... Read More

June 7th, 2017 8:20 PM 2 COMMENTS

RCom Brushes Off the Recent Rating Actions by Fitch and Moody’s

Reliance Communications led by Anil Ambani have rejected all the downgrades made Moody's and Fitch the other day, which resulted in the company's shares go down by 4 percent, making the operator's losses to 38 percent in the last month. RCom urges that the ratings by "Moody's and Fitch apply only to these USD bonds. We respectfully disagree with the recent rating actions by both these agencies and believe that... Read More

June 7th, 2017 9:19 AM 3 COMMENTS

Bharti Airtel Gets CCI Nod to Acquire Telenor India

The Competition Commission of India (CCI) has approved Bharti Airtel's proposed merger of Norway-based Telenor's India operations, the Sunil Mittal-led telco said in a filing to stock exchanges. The statutory approval follows recent nod from the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) for its proposed merger with Telenor India. “The CCI has approved the proposed merger of Telenor... Read More

June 6th, 2017 12:50 PM 1 COMMENTS

Idea Cellular Partners With OYO Rooms Allowing Customers to Book Hotels via Idea Money

Idea Cellular's payment service, the Idea Money has announced an exclusive partnership with India's largest hospitality company OYO to offer standardised affordable stays through its Retailer Assisted Model (RAM) via Idea Money retailers. The partnership aims to support Idea Money customers with limited or no internet access, to book hotels online with OYO at their nearest Idea Money Retail store. Leveraging OYO's presence across 7000+ hotels in 200 cities, the... Read More

June 3rd, 2017 1:54 PM 75 COMMENTS

RCom-Aircel Wireless Entity to be Called AirCom

Reliance Communications on Friday revealed that the new RCom-Aircel merged wireless entity will be called AirCom upon the completion of the proposed transaction, which, along with tower deal with Brookfield will help Anil Ambani-led telco to reduce debt to Rs 20,000 crore from Rs 45,000 crore. Aircom will be a key tenant of Reliance Infratel, Anil Ambani, the chairman of Reliance Communications, told media. Ambani said that the company might... Read More

June 2nd, 2017 8:54 PM 11 COMMENTS

RCom to Get Time Till December to Reduce Rs 25000 Crore Debt From Aircel and Brookfield Deals

Anil Ambani-led Reliance Communications said that its lenders have on Friday constituted a Joint Lenders' Forum (JLF) to consider giving the telco time of 7 months until December 2017 to complete the strategic transactions with Aircel and Brookfield that will immediately reduce debt from Rs 45,000 crore to around Rs 20,000 crore, a reduction of 60% or Rs 25,000 crore. The company has reportedly fallen behind on its loan servicing... Read More

June 2nd, 2017 8:06 PM 11 COMMENTS

Bad Days Ahead for RCom? Moody’s & Fitch Downgrade RCom, Say Default a Possibility

Moody’s and Fitch have downgraded Anil Ambani-led telco Reliance Communications Limited's (RCOM) rating following full year net loss of Rs 1,285 crore and 11% decline in revenues. Moody's Investors Service has downgraded Reliance Communications Limited's (RCOM) corporate family rating and senior secured bond rating to Caa1 from B2. Fitch Ratings has downgraded RCom’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to 'CCC' from 'B+'. The agency has also downgraded... Read More

June 1st, 2017 6:40 PM 13 COMMENTS

Airtel-Telenor Merger Gets a Nod From SEBI, BSE and NSE

Bharti Airtel and Telenor India have gotten one step closer to their merger in India, having received the approval of the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), according to an official statement. The Sunil Mittal-led telecom operator had in February entered into a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor India’s running operations... Read More

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