The management's commentary on fundraising, tariff hikes, and adjusted gross revenue (AGR) case will be keenly watched, apart from the headline numbers
Airtel also announced a partnership with Tata Consultancy Services earlier in the week to implement 5G broadband network solutions in India.
Two-wheeler maker Hero MotoCorp will hike its vehicle prices by up to Rs 3,000 from July to partially offset the impact of the higher commodity prices
Vodafone Idea is looking for new investors after both its promoters have refused to infuse additional funds into the company
According to the latest data by TRAI, Bharti Airtel added 4 million subscribers to its network, followed by Vodafone Idea with 1.1 million users and Bharat Sanchar Nigam Ltd with 194,310.
The subdued trend in ARPUs is among key concerns
Vodafone Idea (Vi) on Tuesday announced that it will provide a one-time Rs 49 plan for free to its around 6 crore low-income customers to help them stay connected during this pandemic time. Additionally, Vodafone Idea customers in the target group will get almost double benefit on recharging their mobile service account with plan value of Rs 79, the company said in a statement. The scheme, covering 6 crore customers with Rs 49 recharge plan, is worth Rs 294 crore. "Vi will provide Rs 49 pack free to over 60 million low income customers due to the current situation. The pack offers talktime of Rs 38 and 100 MB data with a validity of 28 days. With this Vi is hopeful of enabling its customers to stay connected safely," the company said in a statement. Jio and Airtel have already announced relief plans for customers in select segments.
The company's subscriber base in Mumbai went up from 8.9 million in January this year to 10.47 million in February
Among individual stocks, a total of 140 of the BSE500 stocks have given negative return so far in CY2021
Telcos to start 5G trials in different locations across India and the trials will cover rural, semi-urban and urban areas
Vivek Jain returns to Vi as EVP of marketing. He worked as head of Maharashtra circle in his previous stint till October 2019
DoT had last week issued a show-cause notice to the telco over non-payment of license fee for the fourth quarter of FY21
Licence fee is payable in four quarterly instalments during each financial year
The telecom department has issued a show-cause notice to Vodafone Idea Ltd (VIL) over non-payment of licence fee for the fourth quarter of FY2020-21, with regard to some circles, sources said
Vodafone Idea announced foray into integrated Internet of Things space for enterprises segment as it looks to transform itself from a traditional connectivity service provider to a technology company.
Competition heats up in enterprise segment with Airtel having launched its IoT solution on Wednesday
Vi Business, the enterprise arm of Vodafone Idea Ltd , has launched 'Integrated IoT Solutions' for enterprises
The Reserve Bank of India has extended the term of J&K Bank Chairman and Managing Director R K Chhibber by six months
According to the DoT's calculations, Bharti Airtel owes the exchequer Rs 43,780 crore, of which the company has paid Rs 18,004 crore
India Ratings believes increasing data usage and rising proportion of higher ARPU data customers in the overall subscriber mix hint that even without tariff hikes, the sector is structurally strong