Telecom Industry
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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MTNL BSNL Merger Latest News- 10 Year Service Agreement Between MTNL & BSNL
Mahanagar Telephone Nigam Limited (MTNL), the service provider for Delhi and Mumbai, made several key announcements following a board meeting held on 14th Aug. These announcements include new agreements and approvals for proposed sales. MTNL has entered into a 10-year service agreement with BSNL, which can be terminated by mutual consent with a six-month notice. […]
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Vi’s Government and Bank Debt Increases in Q1 FY25
Vodafone Idea Limited (VIL) released its performance results for Q1 FY25 on 12th Aug. Here, we’ll focus on the company’s net debt. Vodafone Idea’s debt to the government and banks increased in Q1 FY25, reversing the downward trend observed at the end of Q4 FY24. While a moderate increase in debt over the short term […]
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BSNL to Launch 4G, 5G Universal SIM for Seamless Switch
Bharat Sanchar Nigam Ltd (BSNL), the state-run telecom firm, is set to roll out a 4G and 5G compatible Over-The-Air (OTA) and Universal SIM (USIM) platform. This new platform will allow subscribers to choose their mobile numbers and replace SIM cards without any geographical limitations. BSNL announced that this platform, developed in collaboration with Pyro […]
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