
Reliance Jio Q2 results: Profit rises 12% YoY to ₹5,058 cr; revenue up 10%
This was the slowest profit growth reported by Jio in the last seven quarters, impacted by higher expenses and a lack of tariff hikes in recent times.
This was the slowest profit growth reported by Jio in the last seven quarters, impacted by higher expenses and a lack of tariff hikes in recent times.
Bharti Airtel added 15.17 lakh wireless subscribers during the month under review, up 11.4% month-on-month, as against 14.09 lakh subscribers in June.
The statement comes after several news reports during the weekend stated that US telecom majors -- Verizon, Amazon and Starlink are in the race to acquire the debt-ridden telecom company.
The power purchase deal will lead to reduction in emissions by 16,370 tonnes of carbon dioxide equivalent annually.
As per guidelines by the telecom department, the DTH operators are required to pay a license fee, which is 8% of the adjusted gross revenue (AGR) on a quarterly basis
The said instalments had an interest rate of 10% and have been prepaid by Airtel, leveraging much lower cost financing available to it, says the telecom major.
The company's EBITDA (earnings before interest, taxes, depreciation and amortization) stood at ₹12,278 crore during the quarter under review.
India is experiencing massive network deployments, making it the fastest growing 5G market globally.
Vi’s woes will not end till government realises it is the “beneficial owner” and not the company’s promoter.
Private telecom operators held a 90.63% market share in February whereas BSNL and MTNL, the two PSU service providers, had a market share of only 9.37%.