Page 9 - Telecom

Bharti Airtel, Reliance Jio close Rs 1,004-crore spectrum trading deal

This was the first such deal between the two competitors

AGR dues: Voda Idea cites previous SC orders, urges it to re-hear petition

Last week, Kumar Mangalam Birla stepped down as non-executive chairman of Vi after offering to give up his stake in the telecom company

Vodafone Idea files review petition in apex court on AGR dues

Vi had calculated its remaining AGR dues at around Rs 21,500 crore after making a payment of Rs 7,800 crore

Lenders to debt-laden Vodafone Idea look at swapping debt for equity

Over the years, Vodafone PLC has invested $30 billion in Vodafone India and has written off the entire investment

Bharti Airtel, Reliance Jio gain from debt-laden Vodafone Idea's pain

The two firms' revenue market share has risen 1,300 bps in two years

Voda Plc offers Vodafone Idea stake to lenders and BSNL for free

Vi shares plunge 18% after ABG's offer to hand over 27% stake gratis

Fixing floor prices critical amid financial stress in telecom: COAI

The association said floor prices need to be fixed for data only for an interim period, say two years, and that voice calls and tariffs can be excluded from this.

Tata aims to get back into telecom game with 5G, using TCS' strengths

Together with TCS, the conglomerate is creating capacity to take advantage of the big new opportunity in 5G network and broadband rollout by acquiring a reputed telecom gear manufacturer and tying up

Govt should take control of Vodafone Idea, says Deutsche Bank report

The telecom company has sought an extension of the moratorium till April 2023 to pay over Rs 8,000 crore dues related to spectrum purchase

Eye on revenue growth, Vodafone Idea revises plans for corporate customers

The new plans are aligned with those of Bharti Airtel, which tweaked its tariff last week

Zoom to buy cloud-based call centre operator Five9 in $15-billion deal

Teleconferencing services provider has become a household name and investor favorite since the coronavirus pandemic.

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Tata Communications tumbles 7% as OFS to divest govt stake begins

The government will sell its 10 per cent stake, with an option to sell an additional 6.12 per cent stake in Tata Communications.

Tata Communications OFS opens Tuesday for institutional investors

The sale of 16.12 per cent stake could fetch the government around Rs 5,334 crore.

Govt to set up intelligence unit to tackle pesky calls, financial frauds

The telecom ministry will set up an intelligence unit and a consumer protection system to tackle pesky calls, financial frauds

Departing US FCC chief Ajit Pai warns of threats to telecoms from China

Pai was named chairman in January 2017 by former President Donald Trump and stepped down on Wednesday

5G prospects compelling for India; spectrum can spur growth: Qualcomm

Indian regulators will have a big role to play in ensuring that 5G in India is deployed to its "full potential"

Oaktree-led consortium offers Rs 15,000 crore funding to Vodafone Idea

Varde Partners among the other participants; Bloomberg report does not specify how the potential deal between the two parties would be structured

Oct services activity at 54.1, grows for first time in 8 months: PMI

It was the highest reading since February and comfortably above the 50-mark separating growth from contraction

Bharti Airtel hits seven-month low in a strong market; down 20% in 1 month

The board of Bharti Airtel is schedule to meet on October 27, 2020 to consider the audited financial results for the second quarter ended September 30, 2020