
Telcos’ Q1 AGR up 18% to ₹60,530 cr; Jio contributes max ₹21,516 cr
Telcos' pass-through charges decreased by 1.12% QoQ and 0.38% YoY to ₹13,415 cr in Q1 FY23. License fee increased from ₹4,712 cr as of Jan-March to ₹4,844 cr as of April-June.
Telcos' pass-through charges decreased by 1.12% QoQ and 0.38% YoY to ₹13,415 cr in Q1 FY23. License fee increased from ₹4,712 cr as of Jan-March to ₹4,844 cr as of April-June.
Trai data shows Reliance Jio's user base surged by 0.17% in September, followed by Bharti Airtel at 0.11%. Vodafone Idea saw monthly degrowth of 1.58%.
The telecom company is looking to raise the fund through shorter-tenor bonds in three tranches and has invited bids from investors on November 18.
Apple is rolling out its iOS beta or iOS 16.2 software programme, for Airtel and Jio users next week, but has not confirmed a date for the roll out.
Shares of Tata Steel, Larsen & Toubro, and Bharti Airtel fell up to 3% as investors reacted to their respective quarterly earnings reports.
Telco’s revenue surges 21.9% YoY to ₹34,527 cr on "consistent performance delivery" across the portfolio and crossing 500 million customers globally.
The draft telecom bill proposes a provision to waive any fee, interest and penalties of telecom service providers. Provisions related to identity have been included in bill to prevent cyber-frauds.
Airtel says customers who have 5G smart phones will enjoy the high speed Airtel 5G Plus on their existing data plans until the roll out is more widespread.
India's mobility king is tapping satellite-based communication to grow his riches.
Singtel has sold a 1.76% stake in Bharti Airtel for an aggregate amount of ₹6,399 crore, which was mostly acquired by Bharti Telecom, a promoter entity of the Indian telco.