Telecom Industry
Vodafone Idea Penalized with Rs 73 Crore GST
Debt-laden telecom firm Vodafone Idea (VIL) has been hit with demand orders from multiple GST offices, totaling over ₹73 crore in tax dues, penalties, and interest, according to a regulatory filing. The company received nine separate orders, primarily for alleged short payment of taxes and excessive claims of input tax credit (ITC). The largest penalty, […]
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Jio AGM 2024: Jio Aims to Connect 1 Million Homes Every Month with 5G FWA
Reliance Jio is setting an ambitious goal to connect a million homes every 30 days with its 5G fixed wireless access (FWA) service, JioAirFiber, according to Chairman Mukesh Ambani. “We are challenging ourselves to reach a million homes every month. With this momentum, we are confident in achieving our goal of 100 million home broadband […]
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Reliance Industries AGM 2024: Jio Targets Max Share in 5G Adoption
The rising availability of affordable 5G smartphones is expected to accelerate the adoption of Reliance Jio’s 5G network, said Reliance Industries Limited Chairman Mukesh Ambani. Speaking at the company’s 47th annual general meeting, Ambani emphasized that as 5G phones become more accessible, Jio is positioned to dominate the growing 5G market in India. “Today, nearly […]
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Reliance Industries AGM 2024: What Will Jio Offer?
Following the announcement of a joint venture with Disney, all eyes in the Indian stock market are on the developments expected from the Annual General Meeting (AGM) of Mukesh Ambani’s Reliance Industries. The 47th Reliance AGM is scheduled for today, August 29, 2024, at 2:00 PM. A key focus of the meeting is anticipated to […]
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Airtel Buys Majority of Stake in Indus Towers
Bharmonti Airtel is set to acquire a majority 50.005% stake in Indus Towers upon completion of its share buyback process. If all necessary steps, including payments to eligible shareholders and the cancellation of equity shares, are completed within the timeline specified in the Letter of Offer, Bharti Airtel’s ownership in Indus Towers will increase to […]
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Vodafone Idea CEO Discusses Challenges of 5G Deployment
Vodafone Idea’s CEO, Akshaya Moondra, recently addressed the challenges surrounding the deployment of 5G, highlighting concerns about its monetization. During an investors’ call following the company’s Q1 FY25 results, Moondra pointed out that while 5G traffic is increasing for competitors, this growth is happening largely because the service is currently offered for free. The real […]
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Tripura Flood News: Airtel Offers Free Data for 4 Days
Bharti Airtel, India’s second-largest telecom operator, has announced free data and calling services for customers in the Northeastern states affected by excessive rainfall, including Tripura, Mizoram, Manipur, and Meghalaya. In a show of support, Airtel is providing special benefits to both prepaid and postpaid customers in these regions. Airtel extends support to the affected customers […]
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AT&T’s India Development Center to Expand by 2,500-3,000 Employees in the Next 2 Years
AT&T’s India Development Center (IDC) is expanding rapidly, planning to add 2,500-3,000 employees over the next two years. Currently, the IDC has around 2,000 employees spread across Bengaluru, Chennai, and Hyderabad. Though AT&T has been in India for 40 years, the IDC was established just last year to build a technology powerhouse supporting AT&T Technology […]
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BSNL 4G Launch in India Expected till October 2024
State-owned Bharat Sanchar Nigam Limited (BSNL) is gearing up to launch its 4G services nationwide soon, having completed trials across all circles. According to a senior official, BSNL could introduce its long-awaited 4G services to customers as early as October 2024, following satisfactory trial results. To date, the telecom company has established approximately 25,000 4G […]
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Prysmian wins lawsuit against Sterlite Technologies: Sterlite to pay 810Cr in damages for violating trade secrets norms
Aug 19, 2024 An American court has ordered Sterlite Technologies’ overseas arm to pay USD 96.5 million, about Rs 810 crore, in damages to US-based Prysmian for violating trade secrets norms, according to a regulatory filing and plaintiff’s statement. Additionally, the court has awarded USD 200,000 penalty on Stephen Szymanski, Sterlite Technologies Inc (STI) Executive […]
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