All that happened in the markets today
This will allow it to offer faster 4G data speeds to its 3G users
Telecom regulator Trai has decided to drop proceedings against Vodafone Idea Ltd (VIL) in priority plan matter after the telco withdrew contentious claims on faster speed and modified its offering
The stock jumped 13.60 per cent to close at Rs 10.36 on the BSE. During the day, it zoomed 14.91 per cent to Rs 10.48.
The Permanent Court of Arbitration in The Hague ruled that conduct of India's Income Tax Department is in breach of 'fair and equitable' treatment
Reliance Jio's new plan offers customers Netflix on a mobile device, one-year subscription to two over-the-top applications and access to Jio's movie and songs. library.
Vodafone Idea has lost more than 30% of user base since 2018 merger
The impact of any churn due to Jio's new plans is expected to be higher on VIL than Airtel as the former gets an estimated 21 per cent of its revenues while it is 13 per cent of the latter
Reliance Jio announced a range of postpaid plans, including many firsts such as in-flight mobile connectivity
Minister of State for Communications Sanjay Dhotre, in a written reply in the Rajya Sabha,
There could be earnings cuts and lower target prices if the hikes don't materialise this year
This is irrespective of what these telecom companies have already paid; lawyers at both firms going through fine print of the Supreme Court order
Operational telecom operators are expected to pay Rs 12,921 crore by March 31, of which close to 80 per cent has to be paid by Vodafone Idea and Bharti Airtel
Reliance Jio led the chart grabbing 52.3 per cent of the overall market share, followed by Bharti Airtel (23.6 per cent share) in the quarter ended March 2020
Faced with regulatory heat on its controversial plan, VIL has dropped faster data speed claims, which formed a prominent part of its pay-more-for-priority-treatment offering
The operators would rather go along with the global standards set by the 3rd Generation Partnership Project or 3GPP
The figure is based on the base price of spectrum for the upcoming auction fixed by the TRAI and on the assumption that there will be no bidding war
The sponsorship announcement comes close on the heels of Vodafone Idea Limited's rebranding under a unified identity - Vi
This set owns 60% stake in the company and has seen zero returns on investments in the telecom firm
These phones, which will be bundled with data packs, could be launched in December or early next year, sources in the know said