The telecom operator wished its competitors on Valentine's Day in 2017 when it complained to TRAI against Airtel, Vodafone and Idea for not providing enough Point of Interconnections.
Trai has unveiled the new tariff order and regulatory regime for the broadcast and cable sector, which would pave the way for consumers to opt for channels they wish to view, and pay only for them.
"This quarter we lost 49 million customers which are marginal customers and which were giving us largely incoming only revenue. Definition of customer is now revenue earning customers from service revenue rather than incoming revenue," Gopal Vittal, the MD and CEO (India and South Asia) of Bharti Airtel, said during an earnings call.
The breadth of the market favoured the declines with 647 stocks advancing and 973 declining while 440 remained unchanged. On the BSE, 965 stocks advanced, 1291 declined and 168 remained unchanged.
The telecom giant is currently awaiting full realisation of merger synergies, as the integration of spectrum assets and networks of both Vodafone and Idea is underway
Airtel Payments Bank has tied up with Empays to enable its savings account holders to withdraw cash using just their mobile phone through the card-less cash technology of Empays, called IMT
In the letter, Vittal said the entire telecom industry has sailed through some difficult times but acknowledged the opportunity to serve 1.3 billion customers in India
With the 150 bps cut from next month, Airtel Payments Bank's rate will be at par with that of other banks like Paytm Payments Bank
The ‘gift’ is valid for eligible subscribers of select Airtel Postpaid and V-Fiber Home Broadband plans.
The packs offer limited local calling, incoming calls and outgoing calls to India.
The corrosive effect of the competition, which began after Reliance Jio entered the fray in September 2016, will see gross revenue of the top three incumbents plunging by 14-16 percent this financial year.
Internet-based networks are the latest in technology where voice, like data, travels in a packet and is not prone to breakdowns.
The company said that Global Business arm of Airtel grew in topline to become a billion dollar business, while cash flow margins jumped five-fold since 2013 under Chitkara.
Fitch says, "We believe telecom tariff levels in the country are unsustainable in the medium- to long-term in light of the low return on investment for telcos."
The bank, however, deleted the tweet and apologised later. It admitted that the earlier tweet was “inappropriate and inadvertent.”
Former CM of Jammu and Kashmir tweeted, ‘Those of you flooding her timeline with hate & abuse are as bad, if not worse, than her. If you can’t occupy the high ground it’s best to exit the ground altogether.’
"Total number of people in the RCom group: from peak of approximately 52,000 to current 3,400, a reduction of approximately 94 percent," RCom said in a BSE filing.
The DoT has sought reply within a week from Airtel on a complaint by rival Reliance Jio alleging that the operator flouted norms on activation of eSIM in Apple Watch 3, an official source said.
Airtel said "not all people from Telenor India will find meaningful roles within Airtel".
A bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar while passing the order also questioned the maintainability of the suit filed by Reliance JIO (RJIO) which alleged that Airtel's advertisement was "deceptive and misleading".
Telecom Secretary Aruna Sundararajan said she did not foresee any hurdles in the clearances pertaining to the Vodafone-Idea merger (a move that would create India's largest telecom operator dislodging Bharti Airtel from the top slot) and that it "should get done" in the timeframe of June outlined by the two companies.
60 stocks hit new 52-week low including names like Alok Industries, Chennai Petro, EROS International, HUDCO, NBCC, MRPL and Vakrangee among others.
The tariff wars are showing no signs of a ceasefire with reports of Jio planning to further slash prices. Africa operations, projected to be healthy in the near future, have therefore assumed an unexpectedly important role in Airtel’s coffers now.