Global brokerage firm Jefferies has turned bullish on telecom companies in India due to revenue growth driven by tariff hikes and gain in market share. Jefferies in its report highlighted that the aggregate revenue growth for the Indian telecom sector accelerated to 16% in the third quarter from last year, largely driven by the recent […]
TRAI to issue new guidelines for 2G and dual SIM card users: What you need to know – CNBC TV18
If you’re a dual SIM card user or rely on 2G services, a big change is on the horizon. CNBC Awaaz has learned from sources that telecom companies will soon be required to offer customers a Voice + SMS pack. The Telecom Regulatory Authority of India (TRAI) is expected to issue these new guidelines shortly, […]
Top stories | Maharashtra CM swearing-in ceremony tom, market rally continues, RaGa’s Sambhal visit blocked, and more – CNBC TV18
Devendra Fadnavis is set to become Maharashtra’s chief minister tomorrow, ending the suspense surrounding the top post. Alongside him, Eknath Shinde and Ajit Pawar are set to swear in as deputy chief ministers, according to sources. Meanwhile, the markets continued their upward momentum, driven by gains in financials and insurance stocks, marking a four-day winning […]
Jio rakes in the most data traffic in the world for three quarters in a row, thanks to China Mobile slump – CNBC TV18
Reliance Jio has maintained its status as the world leader in mobile data traffic for the third consecutive quarter, according to data from global analytics firm Tefficient. Jio’s mobile data traffic peaked at approximately 50,000 PB (1 PB = 1,000 TB ) by the third quarter of 2024, showing an annual growth rate of 24%. […]
CCI approves Bharti Airtel’s stake increase in Indus Towers to 50.005% – CNBC TV18
The Competition Commission of India (CCI) has granted approval for Bharti Airtel to increase its stake in Indus Towers Limited to 50.005%. This decision follows a share buyback by Indus Towers. Earlier in June, CNBC-TV18 reported, citing sources that Airtel, which then owned 49% of Indus Towers, was in talks with Vodafone Plc to buy […]
Airtel prepays ₹8,465 cr to DoT, clears spectrum liabilities from 2016 – CNBC TV18
Bharti Airtel, one of India’s largest telecom operators, announced on September 30 that it has prepaid ₹8,465 crore to the Department of Telecom (DoT), clearing its deferred dues for spectrum acquired in 2016. These liabilities, which carried an interest rate of 9.3%, have been fully repaid ahead of schedule to reduce the company’s debt burden […]
Macquarie upgrades Bharti Airtel to ‘overweight’, raises target price to ₹1,630 per share – CNBC TV18
Macquarie has turned bullish on Bharti Airtel, upgrading its call on the telecom service provider to ‘Outperform’ while raising its target price on the stock by ₹350. The new target price is a 10% premium over the stock’s closing price on Wednesday, August 14. Macquarie expects the company’s Return on Invested Capital (ROIC) to improve […]