Telecom

Jio completes acquisition of Reliance Infratel, after paying Rs 3,720 cr to lenders

Reliance Jio Thursday completed the acquisition of Reliance Communication Ltd.'s (RCOM) tower and fiber assets by paying Rs 3,720 crore to the lenders

Dec 22, 2022

Nokia to cut up to 10,000 jobs over next two Years to trim costs and invest in research

Finnish telecoms group Nokia said on Tuesday it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan.

Mar 16, 2021

Airtel enters $1bn cloud communications market in India

Telecom major Bharti Airtel on Monday launched a new platform called Airtel IQ, marking the company's entry into an estimated $1 billion Indian cloud communications market.

Oct 26, 2020

Vodafone Idea starts upgrading 3G users to 4G in key markets

Vodafone Idea Limited (VIL) said that it has substantially enhanced 4G capacity by consolidating the Vodafone and Idea networks and deployment of latest technologies enabling it to upgrade large chunks of 3G spectrum to 4G.

Sep 27, 2020

Vodafone Idea to rebrand as 'Vi' as it prepares for telecom battle

Vodafone Idea Ltd said on Monday it plans to rebrand itself as the debt-ridden telecoms carrier, which has been losing customers, looks to change its image three years after it announced the biggest merger in India's telecoms market.

Sep 7, 2020

Supreme Court gives Telecom firms 10 years to pay Rs 1.6 lakh crore dues to govt

India's top court on Tuesday gave telecom firms 10 years to pay back dues they owe to the federal government after they failed to make the payment by the January deadline.

Sep 1, 2020

Bharti Airtel partners with Amazon to grow cloud business

Bharti Airtel Ltd and Amazon Web Services (AWS) will join forces to develop the Indian telecoms firm's cloud business, allowing it to offer a wider range of products to its enterprise clients, the two companies said on Wednesday.

Aug 5, 2020

Reliance to pay up to $3.6 billion for Future Group retail operations

Mukesh Ambani's Reliance Industries Ltd will pay between 240 billion and 270 billion rupees ($3.2-$3.6 billion) to buy the Indian retail chains owned by Future Group, Mint newspaper reported on Tuesday, citing two sources familiar with details of the deal.

Jul 28, 2020

Vodafone Idea pays Rs 1,000 cr more towards AGR dues

Vodafone Idea on Saturday said that it has paid additional Rs 1,000 crore to the Department of Telecommunications (DoT) towards the AGR dues.

Jul 18, 2020

Backlash over Reliance Jio's decision to charge voice calls

US 5G giant Qualcomm invests ₹730 crore in Reliance digital unit

India's Reliance Industries on Sunday said Qualcomm Inc's investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion Indian rupees ($97.1 million).

Jul 12, 2020

Reliance Industries (RIL) Chairman Mukesh Ambani

Intel to invests Rs 1,894.5 Crore in Reliance Jio, 12th deal in 11 weeks

Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39% stake in its digital unit, Jio Platforms, for 18.95 billion rupees ($253.55 million).

Jul 3, 2020

Carlyle to buy 25% of Bharti Airtel's data centre arm for $235 million

Carlyle will buy a 25 per cent stake in Indian telecom firm Bharti Airtel Ltd's data centre arm for $235 million, the US private equity group said on Wednesday, as it taps into the rapid growth of digital services in India.

Jul 1, 2020

US sends 'clear message' to China; designates Huawei, ZTE national security threats

In another major blow to China, US FCC has designated Huawei and ZTE as national security threats to cut off federal subsidies to carriers who wish to buy or maintain equipment from either company.

Jul 1, 2020

'Reliance now net debt-free, fulfilled my promise before schedule': Chairman Mukesh Ambani

Investments by global tech investors and a 'Rights Issue' has made Reliance Industries Ltd (RIL) a net debt-free company. Accordingly, RIL has raised over Rs 168,818 crore in just 58 days. The company's net-debt was Rs 161,035 crore, as on March 31, 2020.

Jun 19, 2020

Reliance says Saudi's PIF to invest Rs 11,367 crore in Jio

Saudi Arabia's Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries' digital unit Jio Platforms for 113.67 billion rupees ($1.49 billion), the Indian conglomerate said on Thursday, June 18.

Jun 18, 2020

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