Vodafone Idea shares: The new action by Reliance Jio Infocomm has prompted Vodafone Idea Ltd (VIL) and Bharti Airtel Ltd to announce rate increases. According to IIFL Securities, it increased target prices for Bharti Airtel, Vodafone Idea, and Indus Towers as well as embedded value for JIO. The next round of tariff hikes by telecom…
Reliance Jio, the telecom arm of the conglomerate Reliance Industries, reported results for the March quarter that were in line with certain brokerages’ projections, with revenue rising by 11% and net profit by 13% over the same period in the previous fiscal year. Sequentially, revenues increased 2.3% to ₹25,959 crore, and net profit increased 2.5%…
Read More “Reliance Jio’s Q4 profit rises 13%, with 108M subscribers ready for 5G” »
Reliance Jio: Reliance, owned by Mukesh Ambani In order to cut costs and move all users to 4G and 5G networks, Jio has pushed the national government to fully shut down the 2G and 3G networks in the nation. Jio responded to a consultation paper published by the Telecom Regulatory Authority of India (TRAI) titled…
Read More “Reliance Jio urges govt to terminate 2G, 3G services nationwide.” »
