Telecom Industry
Vodafone Executives Exit Indus Towers Board Following Bharti Airtel’s Majority Stake Acquisition
Executives from the UK’s Vodafone Group PLC, who served as non-executive directors on the board of Indus Towers, have resigned following Bharti Airtel’s increase in its stake to over 50 percent in the tower company. With the increased stake, Indus Towers is set to become a subsidiary of Bharti Airtel. Vodafone Executives Step Down from […]
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Delay in Vi’s ₹25,000 Crore Funding Worsens Financial Struggles
Vodafone Idea (Vi) is grappling with worsening financial challenges as its ₹25,000 crore debt-funding plan faces significant delays, casting doubt on its ability to achieve a turnaround. The setback follows the Supreme Court’s rejection of Vi’s curative petition to recalculate its adjusted gross revenue (AGR) dues, which has further strained the company’s financial outlook. Analysts […]
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MTNL Defaults on Rs 1,094 Crore Loan to Bank of India
Mahanagar Telecom Nigam Ltd. (MTNL) added slippages of Rs 1,094 crore to Bank of India’s results for the July-September quarter, leading the lender to make provisions of Rs 200 crore. Total slippages for the quarter reached Rs 2,546 crore, up from Rs 1,930 crore in the previous quarter. Besides MTNL, slippages included Rs 702 crore […]
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Reliance Jio IPO to be Launched in 2025
Reliance has set plans to launch the Reliance Jio IPO in 2025, targeting a listing on the Mumbai stock exchange, though bankers have yet to be appointed. In July, Jefferies estimated the IPO valuation at around Rs 9.3 lakh crore ($112 billion). Jio Platforms, which encompasses Reliance’s telecom and digital businesses, has 33% ownership by […]
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Airtel is All Set to Break Internet Speed in India
In a renewed race between Mukesh Ambani’s Reliance Jio and Sunil Mittal’s Airtel, both telecom giants are setting their sights on satellite networks to lead the broadband market in India. In response, Airtel Chairman Sunil Mittal emphasized the transformative potential of satellite internet, calling it a “magic bullet” that could bring connectivity to underserved and […]
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BSNL to Lease Land Assets to Data Centers and Renewable Firms in Major Turnaround Effort
Indian state-owned telecom BSNL is reportedly set to lease its extensive land assets to data center operators and renewable energy companies, aiming to revitalize its telecom business. BSNL Chairman Robert K Ravi stated that the company is exploring various options to monetize property assets across India, including telephone exchanges and office facilities, either by leasing […]
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Cyclone Dana- Telcos Enable Intra-Circle Roaming Across Seven Odisha Districts Amid Cyclone Alert
Telecom service providers in Odisha have activated intra-circle roaming in seven districts under a red-warning alert for Cyclone Dana, as announced by State Electronics and IT Minister Mukesh Mahaling on Thursday. This arrangement enables telecom operators to share each other’s networks, ensuring uninterrupted service in Balasore, Bhadrak, Kendrapara, Jagatsinghpur, Mayurbhanj, Jajpur, and Cuttack from 8 […]
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BSNL Rules Out Tariff Hikes
State-owned Bharat Sanchar Nigam Limited (BSNL) has confirmed it will not raise tariffs in the near future, despite all private telecom operators increasing their rates in July 2024. The company remains focused on customer satisfaction and building consumer trust, according to BSNL Chairman and Managing Director Robert Ravi. "BSNL won’t raise tariffs in near future" […]
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BSNL SIM Vending Machine for Customers Ease
BSNL, India’s state-owned telecom provider, has launched a new initiative allowing customers to purchase SIM cards via vending machines, simplifying the process and eliminating the need for store visits. These machines, resembling ATMs, enable users to obtain SIM cards at their convenience through the BSNL Self Care app, making the process more efficient and accessible. […]
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BSNL New Logo and 7 New Services
Bharat Sanchar Nigam Ltd (BSNL) has unveiled a new logo, symbolizing its commitment to “Connecting Bharat – Securely, Affordably, and Reliably.” During an event in New Delhi, Communications Minister Jyotiraditya Scindia also introduced seven new services aimed at enhancing connectivity, security, and user convenience. Today at #BSNL HQ, New Delhi, Hon'ble MoC Shri @JM_Scindia Ji, […]
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