Jio Platforms sells 2.32% stake to PIF
Reliance Industries (RIL) announced that The Public Investment Fund (PIF) will buy 2.32 percent stake in Jio Platforms for Rs 11,367 crore.
This investment values Jio Platforms...
EE to build 4G Air-to-Ground network for emergency services
EE, part of BT Group, has signed an agreement with Nokia to build 4G LTE Air-to-Ground network for the emergency services across Great Britain.
The...
Jio Platforms raised $13.73 bn from global investors
Reliance Industries said Jio Platforms has raised Rs 104,326.95 crore or $13.73 billion from global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR,...
Jio Platforms raises Rs 5,683 crore from ADIA
Reliance Industries (RIL) announced Abu Dhabi Investment Authority (ADIA) will make an investment of Rs 5,683.50 crore for picking up 1.16 percent equity stake...
Jio raises an additional Rs 4,546 crore from Silver Lake
Reliance Industries (RIL) announced Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms.
The investment is in addition to...
Jio offers 1.85% stake to Mubadala for $1.2 bn
Reliance Industries (RIL) announced that Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore or $1.2 billion in Jio Platforms for picking up...
Amazon.com in talks to invest $2 bn in Airtel
Amazon.com is in early-stage talks to buy roughly 5 percent stake -- worth at least $2 billion -- in Indian mobile operator Bharti Airtel,...
Statistics on Gigabit LTE network investment
Operators are focusing on building Gigabit LTE networks in order to deliver maximum peak downlink speeds of 1 Gbps.
Engineers at operators are mainly using...
Jio Platforms offers 2.32% stake to KKR for Rs 11,367 crore
Reliance Industries (RIL) announced that KKR will pick up 2.32 percent stake in Jio Platforms for an investment of Rs 11,367 crore.
This transaction values...
India telecom revenue will face slow growth: Fitch Ratings
Revenue and EBITDA growth at Indian telecom operators during the financial year ending March 2021 will slow due to lower data growth and weaker...
Airtel to reduce Capex in current fiscal despite 4G push
Bharti Airtel on Tuesday said its Capex will be lower in fiscal 2020-21 as compared to last fiscal year.
The company had a Capex investment...
Airtel adds 12.5 mn 4G customers despite slashing Capex
Airtel said it added 12.5 million 4G data customers in March quarter of 2020 to take the total base to 136.3 million in fiscal...
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...
LATEST POSTS
