Third quarter highlights Sales adjusted for comparable units and currency increased by 7 per cent YoY mainly driven by 5G sales in Mainland China. Reported sales were SEK 57.5 (57.1) billion. Gross margin excluding restructuring...
Read MoreAccording to a report by CLSA, India’s wireline broadband market is witnessing an uptick in subscriber base with one million new connections this year. This is more than subscriber additions of FY17-20 combined. The...
Read MoreAccording to a telecom report from Motilal Oswal Financial Services, based on the TRAI’s latest reserve price, capex requirement for obtaining 100MHz mid band spectrum in Mumbai would be Rs 84 billion, which could increase if...
Read MoreBharti Airtel has issued the shares of its subsidiary Nxtra Data to CA Cloud Investments, an affiliated entity of Carlyle Asia Partners, following the recent approval by the Competition Commission of India (CCI) to the $235...
Read MoreOnePlus is reportedly planning to invest around Rs 1 billion in India to expand its offline retail presence. To this end, the company plans to open 3,000 new stores to expand its reach in tier 3 and tier 4 cities. In addition,...
Read MoreThe Delhi High Court has issued a notice to the State Bank of India (SBI) and others seeking their response on whether Chinese lenders should be impleaded in a case filed by Anil Ambani. Recently, Ambani had filed an application...
Read MoreAccording to Axis Capital, revenues of telecom operators will most likely improve sequentially in September quarter, owing to factors like increased recharges, reverse migration, and easing of lockdown curbs. As per Axis...
Read MoreICRA Ratings has said that ARPU improvement and further tariff hikes are on the cards, given the fact that telecom service providers (telcos) are required to make sizeable payouts in terms of AGR liabilities, spectrum purchase,...
Read MoreAccording to Vodafone Group, its lenders have approved the merger of Indus Towers with Bharti Infratel and the parties will now move the National Company Law Tribunal (NCLT) to make the transaction effective. These lenders had...
Read MoreReliance Industries Limited (RIL) is reportedly planning to raise about Rs 400 billion by monetising its fibre optic assets through an Infrastructure Investment Trust (InvIT) structure. Digital Fibre Infrastructure Trust (DFIT),...
Read MoreVodafone Idea’s (Vi) shareholders have approved various proposals, including raising the telco’s borrowing limit and issuance of securities of up to Rs 150 billion. The shareholders’ nod came at Vi’s recent annual general...
Read MoreJio Platforms Limited, the digital arm of Reliance Jio, has received a combined investment worth Rs 26.24 billion from Intel Capital and Qualcomm Asia Pacific. Intel Capital has invested Rs 18.94 billion for an equity share of...
Read MoreGoogle has moved the Competition Commission of India (CCI) seeking an approval for its investment worth its Rs 337.37 billion in Jio Platforms for a 7.73 per cent stake. As per the recent CCI filing, Google will be making the...
Read MoreTech Mahindra’s wholly-owned subsidiary TechM Americas has sold its stake in Altiostar Networks for $45 million to Rakuten’s US subsidiary. The companies have entered into an agreement under which Rakuten has appointed Tech...
Read MoreAddressing the parliament, Minister of State for Communications Sanjay Dhotre said that Vodafone Idea and Bharti Airtel have balance dues under adjusted gross revenue (AGR) worth Rs 547.54 billion and Rs 259.76 billion,...
Read MoreBharti Airtel has reportedly written to the Department of Telecommunications (DoT), underlining that it has already paid the first installment of its total adjusted gross revenue (AGR) dues. According to Airtel, the telco has...
Read MoreBharat Sanchar Nigam Limited (BSNL) has raised over Rs 85 billion through sovereign guarantee bonds with government funds and public sector undertaking (PSU) banks participating in the issue. The fund raised through bonds will...
Read MoreAs per Anurag Thakur, minister of state for finance and corporate affairs, Mahanagar Telephone Nigam Limited (MTNL) has submitted a plan for monetisation of a set of assets through the Department of Investment and Public Asset...
Read MoreTata Teleservices Maharashtra Limited’s (TTML) shareholders have approved raising of up to Rs 50 billion by issuing preferential shares to parent firm and non-convertible debentures on private placement basis. TTML had sought...
Read MoreThe Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has rejected the addition of Rs 7,950 million tax claims by income tax (IT) department on Vodafone Idea as income received from nine Mauritian entities that subscribed...
Read MoreVodafone Idea Limited (VIL) is planning to seek its shareholders’ approval to raise borrowing limit to Rs 1 trillion, at the upcoming annual general meeting (AGM) scheduled to be held on September 30, 2020. To this end,...
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