Telecom Industry
Vodafone Idea Prepares for 5G Rollout to Stay Competitive
Vodafone Idea (Vi), India’s third-largest telecom operator, is gearing up for a major transition—its long-awaited 5G rollout. While the company continues to expand and enhance its 4G coverage and capacity, it cannot afford to ignore the rapid advancements in 5G. Unlike Reliance Jio and Bharti Airtel, which have already achieved nationwide 5G coverage, Vodafone Idea […]
Read More
Nxtra Data Limited IPO to be Launched | Upcoming IPO in 2025
Bharti Airtel is considering launching initial public offerings (IPOs) for two of its subsidiaries—Airtel Payments Bank and its data center unit, Nxtra—within the next few years. According to a senior company executive, Airtel Payments Bank is likely to be the first to go public, driven by a regulatory mandate that requires it to list within […]
Read More
Jio Recorded World’s Fastest 5G SA Speeds in Q4 2024: Ookla
Reliance Jio, the only Indian telecom operator to have deployed a 5G Standalone (SA) network, has recorded the highest median download speeds globally among countries with 5G SA, according to Ookla’s latest Q4 2024 report. The report highlights India’s leadership in 5G SA download speeds, clocking in at 260.71 Mbps—surpassing China’s 224.82 Mbps, Japan’s 254.18 […]
Read More
Bharti Telecom Increases Airtel Stake to 40.47% with ₹8,485 Crore Transaction
Bharti Telecom Limited has raised its stake in Bharti Airtel to 40.47% following a significant market transaction. Indian Continent Investment Limited (ICIL), a promoter-group entity of Bharti Airtel, sold approximately 0.84% stake (around 5.11 crore shares) for ₹8,485.11 crore. At 11:05 AM today, Bharti Airtel’s shares were trading at ₹1,662.50, down ₹13.05 (0.78%) on the […]
Read More
BSNL Earns Rs 262 Crore Profit in Q3
Bharat Sanchar Nigam Limited (BSNL) has reported a profit of ₹262 crore in the third quarter of the financial year, marking its first return to profitability since 2007. This turnaround is driven by aggressive network expansion, customer additions, and cost optimization measures. #BSNL celebrates a milestone of positive growth! We’ve achieved a net profit of […]
Read More
Vodafone Idea CEO Confident in Government Support Amid Financial Challenges
Vodafone Idea Limited (VIL), India’s third-largest telecom operator, is relying on government intervention to navigate its financial challenges as its statutory dues increase in the coming financial year. With the moratorium on payments ending in FY26, Vi’s payout towards adjusted gross revenue (AGR) dues will rise significantly, straining its cash flow and potentially hindering its […]
Read More
Vodafone Idea Q3 Results News: Vi Reports Net Loss of ₹6,609
Vodafone Idea (Vi) announced a net loss of ₹6,609 crore for the quarter ending December 31, 2024 (Q3FY25), compared to a net loss of ₹6,985.9 crore in the same period last year. Despite the loss, the telecom operator’s revenue from operations rose to ₹11,117 crore in Q3FY25, up from ₹10,673 crore in Q3FY24. Vi’s total […]
Read More
Cabinet Clears ₹6,000 Crore Boost for BSNL & MTNL’s 4G Expansion
The Union Cabinet has approved a ₹6,000 crore financial package to accelerate the 4G network expansion of BSNL and MTNL, according to a report. This funding will help both state-owned telecom companies strengthen and expand their network infrastructure. The allocated funds will be used to enhance 4G coverage across the country, ensuring better connectivity for […]
Read More
Tejas Networks Signs ₹525 Crore Technology Collaboration Deal with Japan’s NEC
Networking equipment manufacturer Tejas Networks has entered into a ₹525 crore technology collaboration agreement with NEC Corporation, a leading Japanese telecom company, to develop advanced wireless technologies for global telecom operators. The company disclosed this in an exchange filing on February 7. The partnership focuses on advanced Radio Access Network (RAN) and core telecom […]
Read More
Vodafone Idea Faces GST Penalty of Rs 17 Crore
Global telecom giant Vodafone Idea Limited has been directed to pay a penalty of Rs 16.96 crore for alleged non-payment of GST under the reverse charge mechanism. The GST demand order confirms a penalty of Rs 16,96,94,250, along with the applicable demand and interest. In response, Vodafone Idea stated in a regulatory filing, “The […]
Read More