Akash Ambani, the son of RIL chief Mukesh Ambani, had joined Jio in 2014.
After the delay, Vodafone Idea will pay the amount in six equal instalments starting 31 March 2026.
The company has called an extraordinary general meeting on July 15 to seek "approval of shareholders" on the proposal to raise the funds through preferential issue.
Broadband India Forum, an industry association, called telecoms' claims for an equal playing field between public and captive private 5G networks "absurd and unworkable," asserting that the two are separate sets of services that are not competing with each other.
An Indian 5G test bed will be established at a military engineering college in Mhow to assist the Army in deploying the technology.
P D Vaghela, chairman of the Telecommunications Regulatory Authority of India (Trai), urged telecom operators and Wi-Fi providers to collaborate on building novel business models that would harness the combined power of mobile and Wi-Fi technology to boost digital infrastructure
“A board meeting is scheduled to be held on Wednesday to consider among other things a proposal for raising of funds aggregating up to Rs 500 crore by way of issuance of shares and/or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company),” the telecom operator said in a filing on June 19.
Vodafone Idea lost about 15.7 lakh mobile subscribers during April 2022, the monthly subscriber data released by the Telecom Regulatory Authority of India (TRAI) on Thursday showed.
Despite telcos' complaints about high spectrum pricing, the telecom industry is estimated to spend roughly Rs 1-1.1 lakh crore on the 5G auction, according to ICRA, which also warned that the sector's debt level is likely to climb with subsequent auctions.
A total of 72 GHz of spectrum with a validity period of 20 years will be auctioned by the end of July
The Department of Telecom has warned telcom companies that legal action will be taken against them if they do not establish a nodal officer under the National Security Directive on Telecommunication.
According to persons familiar with the situation, the Democratic Republic of Congo has ordered mobile phone firms operating in the African country to pay a charge of almost $180 million every year.
According to a report released on Tuesday, the country's top three private telecom operators would resort to another wave of rate hikes in the second half of the current fiscal year, ending FY23
The Lakshadweep administration on May 27 said the Union government has approved the Kochi-Lakshadweep submarine optical fibre connectivity project which is scheduled to be completed by October 2023.
Singtel has reaffirmed commitment to its investment in Bharti Airtel, calling it a 'core bet in its international portfolio.' It called talk of stake sale as 'market speculation', and said it had been a 'strategic investor' in Airtel for decades.
Speaking at Broadband India Forum (BIF) event, Vivek Narayan, DDG (data services) in the Department of Telecom (DoT) mentioned the potential and impact of the PM-WANI wifi hotspots scheme across areas, such as tourism, smart cities and last-mile connectivity in villages.
India's own 5G stack will be ready around September-October, Communications Minister Ashwini Vaishnaw said on Wednesday.
Speaking at a CII event, Sunil Mittal noted that the company has been through many ups and downs, including regulatory challenges and market competition, and is now better placed in the market.
The Network Operations Control Center was created under the DoT to control the transmissions from ground segment (satellite earth stations) along with the master control facility under Department of Space to manage the operation of satellites in orbit
The Telecom Regulatory Authority of India (TRAI) had recommended a base price for this frequency range and suggested that it can be used for both mobile as well as satellite services.
The minister said that the Department of Telecom is working as per expected timeline and the process is on to resolve industry concerns around spectrum pricing.
Industry body COAI, however, has expressed deep disappointment over Trai’s 5G recommendations, and termed the spectrum pricing suggested by the regulator as “too high”.
New Delhi, Apr 12 Trai recommendations on cut in 5G spectrum base price are incrementally positive, not transformational, some sector analysts said,..
The move comes as the Centre is gearing up for the next-generation 5G airwaves auction later this year, which is expected to see participation from the country's three main carriers – Vodafone Idea, Bharti Airtel Ltd, and Reliance Industries Ltd's Jio.
Ashwini Vaishnaw's affirmation comes at a time when telecom regulator TRAI’s 5G recommendations on spectrum pricing and other nuances, which were widely expected to come by March-end, have spilled over by a few days to early April.