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Bharti Airtel posts results for quarter ...

Bharti Airtel has posted a 39 per cent decline in its net income (net profits) from Rs 5.04 billion in quarter ended December 2016 to Rs 3.06 billion in the corresponding quarter in 2017. The overall consolidated revenue declined by about 13 per cent from Rs 233.36 billion to Rs 203.19 billion during the same period. Revenues from the operator’s India operations registered a decline of 15 per cent from Rs 180.12 billion in quarter ended December 2016 to Rs 152.94 billion in the corresponding quarter in 2017. This year-on-year de-growth was primarily impacted by a drop of 22 per cent in revenues from mobile services.

Matrix releases Matrix Sparsh VP710 smar...
Matrix releases Matrix Sparsh VP710 smart Video IP Phone

Matrix has released the Matrix Sparsh VP710 smart video IP deskphone in its product portfolio.

RCOM sells its strategic wireless assets...

Reliance Communications (RCOM) and its affiliates have signed binding definitive agreements with Reliance Jio Infocomm Limited (RJIL) for sale of wireless spectrum, towers, fibre assets and media convergence nodes. These assets, reportedly worth over Rs 250 billion, are strategic in nature and are expected to contribute significantly to RJIL’s wireless, fibre and enterprise businesses. Meanwhile, RCOM will utilise proceeds of the cash deal purely for pre-payment of debt obligations to its lenders.

Parliamentary panel recommends BSNL-MTNL...

A parliamentary panel has recommended the merger of loss-making state-owned operators Mahanagar Telephone Nigam Limited (MTNL) and Bharat Sanchar Nigam Limited (BSNL) for their long-term survival and success.

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