Supreme Court a few days back announced its decision on the matter of AGR dues. The apex court said that the telcos will have to pay all the remaining dues in the coming decade starting next financial year. Before that, each telco will have to pay the 10% dues in advance so the 90% will be left for the next 10 years. This clarity on the decision of AGR dues... Read More
Mukesh Ambani-led Reliance Jio is soon going to set up a cable landing station at Digha, West Bengal. Jio has been making steady moves and has already become the most valuable telco in the country in a short span of 4 years. A few months back, it got a ton of investments from various companies all around the world including the likes of Facebook and Google. Reliance Jio was looking... Read More
The Supreme Court on Friday had postponed the hearing of the AGR dues case of telcos to today. One thing that has become clear from all the past hearings is that there is no way that Bharti Airtel and Vodafone Idea Limited’s (VIL) request of reassessment of AGR dues is going to be entertained by the apex court. SC will only decide on the period at which the dues needs... Read More
25 years back, on this very date, the first mobile call was made in India. To mark the special date, COAI and Department of Telecommunications (DoT) organised an online event. The event was named ‘Desh Ki Digital Udaan’. Honourable Prime Minister of India, Shri Narendra Modi congratulated the industry via a written letter. There were key messages from many important figures from the telecom industry. Dr Sunil Bharti Mittal, Chairman... Read More
Jio Platforms has released its quarterly earnings report today. In the past few months, the telco has raised Rs 1,52,056 crores in capital through investments from various groups and companies. Reliance Jio aims to connect every Indian with internet and that is why it has partnered up with Google. Google bought a 7.73% equity stake in Reliance Jio for an amount of Rs 33,737 crore. Both the companies together will... Read More
The Indian wired broadband service providers lost 160,000 subscribers in April, the Telecom Regulatory Authority of India (Trai) highlighted in a report on Friday. According to the Trai report, the fixed broadband subscriber base in India dipped to 19.02 million in April as compared to 19.18 million in March. It has to be noted that India was under intense lockdown due to the COVID-19 pandemic since March 24. While the... Read More
Today, Reliance held its 43rd Annual General Meet (AGM). Just this morning we reported that Google might invest $4 billion in Jio Platforms. In the online meet, Mr Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL) confirmed the partnership with Google and made the news official. This is a strategic partnership between both companies to overcome existing market challenges. Google is going to invest Rs 33,737 crore... Read More
Reliance Jio, Airtel and Vodafone Idea will have to substantially increase their average revenue per users (ARPUs) to achieve long-term sustainability at a time when the sector is going through a rough financial phase in the wake of AGR-related payment issue. ICRA said that these telcos need to increase their ARPU annually by 13-30% to be able to meet the AGR related payouts along with the existing debt repayments as... Read More
Jio Platforms (JPL) has become one of the biggest and most valued companies in India. In the past few weeks, it has attracted investments of more than $10 billion from companies like Facebook, Silver Lake, Vista Equity Partners, and more. As a result of all these investments, the telco’s current valuation stands at $66 billion. According to BofA Securities, this valuation is about to make a 66% jump and Jio... Read More
Reliance Jio has reportedly sought the Department of Telecommunications’ approval to conduct lab testing of 5G products that the Mukesh Ambani-led telco has developed on its own, Financial Express reported. Jio will be undertaking the whole process of setting up the network at its premises without the involvement of any third part vendor or technology provider. The DOT is yet to take a call on Jio’s application which was submitted... Read More
Reliance Jio has offered some of the best data benefits to its customers since the time telco came into operations. Jio also offers 4G data vouchers to its customers who are in need of more data than their base plan supplies. There are different prepaid plans from Jio and they come with different data benefits. Once you exhaust your high-speed data for the day, you will have to wait until... Read More
During the time of lockdown, people have been working from their homes. This has led to a rise in demand for data from an individual. According to stats, most of the internet users working from their homes don’t have a broadband connection and work with cellular data. Now, people require more of daily data to get their jobs done. Along with that, streaming and downloading requests have also touched the... Read More
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