Shares of telecom infrastructure companies were in focus as they rallied up to 20 per cent on the BSE in Monday’s intra-day trade after the Union Cabinet approved an allotment of around Rs 1.3 trillion for the next phase of BharatNet. Birla Cable, Universal Cables and Vindya Telelinks hit their respective 52-week highs and zoomed… Continue reading Telecom intra stocks in focus; Birla Cable, Sterlite Tech surge up to 20%
Tag: telecom
After retail, telecom, Ambani casts eye on fin services, new energy biz
After creating India’s largest retailers and telecom operator in the shortest span of time, billionaire Mukesh Ambani has now set his sight on propelling newly-carved financial services business unit into country’s largest non-banking lender while transitioning the conglomerate to net carbon zero by 2035. The recently demerged Jio Financial Services Ltd will leverage… Continue reading After retail, telecom, Ambani casts eye on fin services, new energy biz
Reliance Jio, Airtel drive telecom subscriber base to 1,172.57 mn in May
New customer addition by telecom operators Reliance Jio and Bharti Airtel led to a marginal growth in the country’s telecom subscriber base to 1,172.57 million in May, according to a report released by regulator Trai on Tuesday. Subscriber loss of Vodafone Idea, BSNL and MTNL mitigated the growth of the telecom user base… Continue reading Reliance Jio, Airtel drive telecom subscriber base to 1,172.57 mn in May
Airtel prepays Rs 8,024 crore dues for spectrum to telecom department
Bharti Airtel on Monday announced that it has prepaid Rs 8,024 crore to the Department of Telecom towards part prepayment of deferred liabilities pertaining to spectrum acquired in the auction of the year 2015. “The said instalments had an interest rate of 10 per cent and have been prepaid by Airtel, leveraging much… Continue reading Airtel prepays Rs 8,024 crore dues for spectrum to telecom department