Bharti Telecom holds around 41 per cent stake in Bharti Airtel while foreign promoter entities hold 21.46 per cent stake in the telecom firm
Telcos should not give up freedom to set tariffs
The Mukesh Ambani-led telecom operator added that its new plan are offering up to 25 per cent more value than that of rivals
The flaw existed in the application programming interface (API) of the Airtel smartphone app
Airtel and Vodafone Idea on December 1 announced new plans under which call and data charges became dearer for its pre-paid customers by up to 50 per cent from December 3.
Bharti Airtel's board has already approved raising $3 billion through a combination of equity $2 billion and debt $1 billion
Vodafone Idea and Airtel customers have time until midnight of December 3, 2019 to recharge at old rates before new tariffs kick in
Jio's Rs 149 plan with 1.5 GB data will cost Rs 199 and 3-month plan with the same data limit will cost Rs 555, a jump of 39%
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Sources said Reliance Jio has offered Rs 3,600 crore within 60 days to buy Reliance Infratel.
The company on December 1 has announced that it will raise mobile plans rates by up to 40%
The board for now has given its go-ahead to raise up to $3 bn and has also approved raising an additional $1 bn, an official said
Telecom sector is still far from the desired stability
Analysts have also revised ARPU estimates
Tariff hike for Airtel and Vodafone will be effective from Dec 3, while for Jio the new rates will be applicable from Dec 6
According to official data, the telecom sector's gross revenue fell about Rs 41,000 crore in three years on account of a dip in mobile services rates.
Operating profit of Bharti Airtel, Vodafone Idea to increase by Rs 7,000- 9,500 crore
Bharti Airtel on November 26 filed a petition with the Supreme Court seeking a modification of the 90-day deadline set by the apex court to pay past statutory dues arising from AGR ruling
Reliance Jio with lowest gross revenue of Rs 15,945.62 crore among private operators paid highest revenue to the government, the data showed
SIM consolidation, inferior network and negative free cash flows even after hike are the key worries for the market