Amazon is in early talks to buy a roughly 5% stake in Indian telecom player Bharti Airtel for around $2 billion.
Facebook announced that it has picked up a minority stake in India’s Telecom Behemoth, Reliance’s Jio platforms. The Facebook investment in Jio is valued at Rs. 43, 574 Crore for a 9.99 % stake, making the overall valuation of Jio Platforms at Rs. 4.62 Lakh Crore.
Vodafone Idea Limited, India’s leading telecom service provider today announced the launch of The Managr (www.managr.in) – a multi-channel, dynamic portal and mobile app based solution to manage and enhance social impact. The solution was jointly launched by Vodafone Idea and NASSCOM Foundation at India’s first ‘Tech for Good’ Summit in Bengaluru.
Airtel and Vodafone Idea reported a cumulative loss of Rs 74,000 crore in the July to September quarter of current financial year after making provisions for their liabilities.
Reliance Jio Infocomm Ltd (RJIL) on Wednesday lashed out at the Cellular Operators Association of India (COAI) for writing to Union Telecom Minister Ravi Shankar Prasad alleging unprecedented crisis in the sector without waiting for its divergent views.
A bench led by Justice Arun Mishra, A.A. Nazeer and M.R Shah, gave the ruling. The government and the telecom sector (Bharti Airtel and Vodafone Idea) were in a fight over the definition of AGR (adjusted gross revenue).
Here is what Vodafone Idea stated in response to Reliance Jio’s decision to stop free calls to other network operators. Jio will charge 6 paise per minute for offnet voice calls. Jio users have to recharge separately for other network calls.
Balesh Sharma steps down as CEO of Vodafone Idea; Ravinder Takkar to take over. Ravinder Takkar, an old hand at Vodafone Group, will be taking the reins of Vodafone Idea Ltd as chief executive officer with immediate effect after Balesh…