Sources said that the payments came in before the due date.
The Sunil Bharti Mittal-led firm has signed an agreement with the renewable energy company to meet the green energy needs and optimise energy costs, as well as to comply with the regulatory requirement around consumption of electricity.
Among the losers were, Vodafone Idea 49.56 lakh customers, followed by Bharti Airtel 5.61 lakh mobile subscribers, BSNL 2.36 lakh, MTNL 6,701 and Reliance Communications 63 users.
Reliance Jio has accused old operators including Bharti Airtel and Vodafone Idea of 'illegally' masquerading wire-line numbers as mobile numbers for 'undue enrichment' and has exhorted Trai to slap 'severest penalty' on them for violating regulations and licensing norms.
Jio's scathing attack comes at a time when the industry has, once again, turned into a virtual battleground with incumbent operators and the latest entrant clashing over call connect charges.
In March 2018, the government had enhanced the number of annual installments for spectrum payment from the earlier 10 years to 16 years, a move aimed at providing relief to the debt-laden telecom sector.
Pharma, Agri inputs, FMCG including, Food & beverages, IT, Paper & packaging are some of the sectors which are expected to do better comparatively
Trends on SGX Nifty indicate a flat opening for the broader index in India, with a 24 points loss or 0.21 percent. The Nifty futures were trading around 11,285-level on the Singaporean Exchange.
All customers on Airtel 3G were duly notified and requested to upgrade their handsets and SIMs to continue on Airtel 4G, it added.
It is time India’s telecom regulator takes a stand to stick to its decisions, deferring it only raises doubts
If Digital India must be more than just a slogan, the telecom regulator and the government should keep their word. By doing so they will be sending the message that they are pro-consumer, pro-technology and anti-subsidy for those who don’t deserve it.
The proceeds shall be used for refinancing, investments in subsidiaries and general corporate purpose.
With several investments expected in the sector in the coming months and the competition becoming steeper, the telecom companies should be witnessing several big moves in the coming time period
Citi retained its buy call on Bharti Airtel but slashed price target to Rs 400 from Rs 405. It is the only "buy" in the sector for the brokerage.
The mobile subscriber base of Reliance Jio stood at 33.97 crore, as the company added 85.39 lakh users during July.
TRAI said total wireless subscribers (GSM, CDMA & LTE) increased from 116.55 crore at the end of Jun-19 to 116.83 crore at the end of Jul-19, thereby registering a monthly growth rate of 0.24%.
ATC and Brookfield are interested parties to acquire stake in merged entity, sources said.
The market share gain for Jio, which has over 340 million subscribers already and adding 10 million users a month on average, will be at the expense of Airtel and Vodafone-Idea, it said.
This assumes significance as Reliance Jio stormed into the highly-competitive telecom sector in September 2016 with its disruptive voice and data offerings, while Bharti Airtel had launched its services way back in 1995.
The bundle offer will give Airtel customers access to premium OTT content, streaming apps, high-definition TV channels, VR apps and interactive gaming services, along with the high-speed broadband.
The Telecom Ministry too said it will challenge the merger in the Supreme Court as the companies went ahead with the merger based on an order by TDSAT
Vodafone Idea shed 41.45 lakh subscribers, and Bharti Airtel 29,883 customers during June, while the Jio continued to add customers at a breakneck speed.
Tapadia has earlier worked with Trimax, Global Cloud Xchange, Genpact and Reliance Infocomm.
ICICI Direct is bullish on Bharti Airtel recommended buy rating on the stock with a target price of Rs 400 in its research report dated August 05, 2019.
Sharekhan is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 390 in its research report dated August 02, 2019.