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People to pay ₹47500 cr more post tele tariff hike

June 29, 2024, 02:31 AM - 2 mins read

The tariff revisions, implemented over a span of two days, aim to monetise new 5G services and mark an end to the prolonged price competition among telecom giants since 2016.

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Airtel follows Jio with 10-21% mobile tariff hike; Market awaits Vodafone Idea’s response

Airtel raises mobile tariffs 10-21% after Jio

June 28, 2024, 02:05 AM - 3 mins read

Bharti Airtel announced a 10-21% increase in prepaid and postpaid mobile tariffs, effective July 3, following a similar move by Reliance Jio. The hike, the first in two-and-a-half years, aims to boost Average Revenue Per User (ARPU) and support network investments.

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Centre receives Rs 11,340 Cr from 141.4 MHz spectrum auction

Govt earns Rs 11,340 Cr from spectrum auction

June 26, 2024, 11:55 PM - 2 mins read

Bharti Airtel spent the most at Rs 6,856.76 crore to buy spectrum in 900 MHz, 1800 MHz and 2100 MHz bands, followed by Vodafone Idea at Rs 3,510.40 crore and Reliance Jio Infocomm at Rs 973.62 crore.

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Jio, Airtel, Vodafone Idea to participate in Rs 96,317 cr spectrum auction

Jio, Airtel, Vodafone Idea to participate in Rs 96,317 cr spectrum auction

May 6, 2024, 08:39 AM - 2 mins read

Reliance Jio, Bharti Airtel, and Vodafone Idea have entered the Rs 96,317-crore spectrum auction set for June 6, where eight spectrum bands will be available. The auction offers the option to surrender acquired spectrum after 10 years, with ownership details to be disclosed on May 10 and the final bidder list released by May 20.

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Sanjay Mashruwala resigns as Managing Director of Reliance Jio

Sanjay Mashruwala resigns as Managing Director of Reliance Jio

April 22, 2024, 08:05 AM - 2 mins read

Sanjay Mashruwala, one of the managing directors at Reliance Jio, has announced his resignation from the company, as confirmed by a stock exchange filing.

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In the latest financial revelation from Reliance Jio, the company has showcased a formidable performance with a 13% Year-on-Year (YoY) surge in net profit, alongside an 11% rise in revenue for the quarter ending March 31, 2024

Reliance Jio reports robust growth with 13% YoY rise in net profit

April 22, 2024, 06:00 AM - 2 mins read

The telecom arm of the Mukesh Ambani-led conglomerate posted a notable 3% sequential increase in net profit compared to the previous quarter. Revenue from operations stood at a substantial Rs 25,959 crore, affirming the company's robust financial performance in the competitive telecom sector.

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