TRAI added that in terms of market share, Jio led the race holding 37.4 per cent of the market share. Airtel stood second with 29.85 per cent, Vodafone-Idea held 22.89 per cent whereas state-operated BSNL commanded a 9.63 per cent market share.
The data implied Reliance Jio held a wireless user base of approx 44.3 crore as of July 31st, Airtel 35.4 crore and Vodafone-Idea 27.2 crore
In this section, we recapitulate all the action from the world of business, finance and economic policymaking
Vodafone-Idea Managing Director and CEO Ravinder Takker will update its business plans as and when the actual guidelines come from the government, he informs.
According to the ratings agency, data consumption would continue to grow with increased transition to remote working and online transactions - this would help telcos' strengthen their earnings and cash flow
He urged the industry to work together in areas such as infrastructure but said he was strictly opposed to any cartelisation
The surge comes a day after the Union Government announced a slew of reforms for telecommunication sector including a four-year moratorium on payment of dues and allowing 100 percent FDI in the sector
In big bang reforms, the Union Cabinet on Wednesday approved a relief package for the telecom sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route.
The move is aimed at instilling investor confidence in the beleaguered company; Kumar Mangalam Birla had offered his stake in the Vodafone-Idea combine to the Government last month
According to PTI, the Union Cabinet is considering a relief package in the form a moratorium on payment on spectrum dues alongside revision of ADRs, spectrum charges and on unpaid dues
As Kumar Mangalam Birla steps down making way for Himanshu Kapania to take over as non-executive chairman of Vodafone-Idea, it is time to analyse what was the real meaning of his letter to the government.
The stock plunged 10.30 per cent to close at Rs 7.40 on the BSE. During the day, it tumbled 13.09 per cent to Rs 7.17 -- its 52-week low.
Jio said it will continue to work with the government on the consultation process for revision of telecom tariffs
Jio had stormed the telecom sector with free voice calls and dirt-cheap data
Mobile data charges in India are by far the cheapest in the world even as the demand for mobile data services continue to grow rapidly, the company said.
Kumar Mangalam Birla will be chairman of the new company that will have a 12-member board of directors.
Vodafone Idea is expected to have a subscriber base of over 400 million
The move comes just days after Idea Cellular and Vodafone India made a joint payment of Rs 7,268.78 crore 'under protest' to the Department of Telecom (DoT) for merging their mobile businesses.
Leader of Opposition in Uttarakhand Assembly Pritam Singh during a protest near the State Secretariat against the Devasthanam Act, in Dehradun.PTI Photo
Indian Player Mayank Agarwal plays a shot during third day of the first Test cricket match between India and New Zealand, at Green Park stadium in Kanpur.PTI Photo/Arun Sharma
MP & Bollywood actor Sunny Deol with his son Karan Deol (L) during Karan's birthday celebrations, at Sunny Super Sound studio in Mumbai.PTI Photo
Sharad Agarwal, Head, Lamborghini India flags off a convoy of over 50 Lamborghinis as part of the Lamborghini Espierenza Giro India 2021, at Manesar in Gurugram.PTI Photo
Lok Janshakti Party (Ramvilas) President Chirag Paswan inspects Bapu Auditorium for preparation of his party foundation day function, in Patna.PTI Photo
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