General Atlantic picks up 1.34% stake in Jio for Rs 6,598 crore
Reliance Industries (RIL) announced that General Atlantic, a growth equity firm, will pick up 1.34 percent stake in Jio Platforms for an investment of...
Vodafone Idea lost 3.6 mn customers despite being the fastest 4G network
Vodafone Idea has lost 3.623 million mobile phone subscribers on its 2G, 3G and 4G networks in January 2020 across India, TRAI data indicates.
Vodafone...
MTN lowers Capex to $1.18 billion in 2020
MTN today said it has lowered its capital expenditure (Capex) guidance to R21-22 billion or $1.18 billion as compared with R28.3 billion announced at...
Vodacom Capex grew 2% to R13.2 bn focusing on 4G network
Vodacom said capital expenditure (Capex) reached R13.218 billion (+2 percent), representing 14.6 percent of revenue.
“This is slightly outside of our guidance range as we...
Jio launches new mobile plan offering 33% more data
Reliance Jio has launched a new plan, offering 33 percent more data than existing industry tariffs – targeting work from home (WFH) customers.
The new...
Vista picks up 2.32% stake in Jio Platforms for Rs 11,367 crore
Reliance Industries (RIL) announced that Vista Equity Partners will pick up 2.32 percent stake for Rs 11,367 crore into Jio Platforms.
Facebook earlier announced $5.7 billion...
Silver Lake to invest $747 mn for 1% plus stake in Jio Platforms
Reliance Industries (RIL) announced that global investment firm Silver Lake will invest Rs 5,655.75 crore or $746.7 million into Jio Platforms.
Silver Lake’s investment gives...
Jio added 126 mn subscribers to 4G network in 12 months
Reliance Jio has posted 26.6 percent increase in revenue to Rs 14,835 crore during the March quarter of 2020.
Reliance Jio had a gross addition...
Airtel signs deal with Nokia to deploy RAN solution in 9 circles
Bharti Airtel today announced a multi-year deal with Nokia to deploy Nokia’s SRAN solution across 9 circles in India to enhance the network capacity of...
RIL’s Jio to sell 10% stake to Facebook for Rs 43,574 crore
Reliance Industries (RIL) today revealed that social media network Facebook will pick up 9.99 percent equity stake in Jio Platforms for Rs 43,574 crore...
Vodafone Idea leads in download speed beating Airtel
Vodafone Idea has emerged as the leader across key parameters such as download speed, upload speed and video experience, according to OpenSignal.
Airtel was the...
BSNL floats tender seeking vendors to build 4G network with Rs 11,000 crore Capex
The ailing BSNL has floated a tender seeking vendors to build 4G network across the country with a Capex of around Rs 11,000 crore.
BSNL...
Have Airtel, Vodafone and Jio improved mobile network experience?
Opensignal has released its latest report on mobile network experience of customers on the network of Airtel, Vodafone, Idea, Reliance Jio and BSNL in...
Facebook in talks to buy 10% stake in Reliance Jio: FT
Facebook is in talks to buy a multi-billion dollar stake in Reliance Jio, the telecom unit of Reliance Industries (RIL), the Financial Times reported...
Jio offers exclusive mobile data recharge plan
Reliance Jio, India’s #1 4G services provider, has launched a new mobile recharge plan targeting customers who are opting for working from home.
The price...
Airtel mobile network outperforms Jio, Vodafone Idea: Tutela
Airtel network has outperformed Reliance Jio, Vodafone Idea, and BSNL Mobile in four of the five key metrics tested, according to Tutela.
However, in one...
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