AIRTEL OVERTAKES JIO
Bharti Airtel reclaims No. 2 spot among India's most valuable companies, overtakes Jio Platforms
Bharti Airtel has reclaimed its position as India's second-most valuable listed company, overtaking Jio Platforms with a market capitalisation of Rs 13.15 lakh crore. The development follows a 31% year-on-year rise in Q2 net profit and comes amid a strong rally in benchmark indices for a seventh consecutive session.
Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.
Jio effect! Reliance beats Tata to become India's most valued conglomerate
Jio Platforms’ listing has propelled the Reliance Group to become India’s most valuable conglomerate, with a combined market capitalisation of over Rs 28 lakh crore, surpassing the Tata Group. Jio debuted at Rs 1,358, a 21% premium to its IPO price of Rs 1,119, adding over Rs 12.5 lakh crore to Reliance Group’s market value.
Jio IPO to open on October 21: 10 things to know about the Rs 30,000 crore mega issue
Jio Platforms will open its Rs 30,000 crore IPO for subscription on October 21, with anchor investor bidding scheduled for October 19. The issue could become India’s largest-ever public offering, surpassing Hyundai Motor India’s record IPO. Here are 10 key details on issue size, dates, shareholder quota, financials and valuation.
DTH operators provide over Rs 11,000 crore against MIB licence-fee demands
DTH operators have provisioned over eleven thousand crore rupees against disputed licence fee liabilities. This industry awaits a government decision on reducing the current eight percent licence fee. Operators face significant subscriber losses and declining revenues due to market shifts. They are now expanding into IPTV, broadband, and OTT aggregation services. The licence fee dispute remains sub judice before various legal tribunals and courts.
Jio IPO: Bharti Airtel shares jump 2% as Mukesh Ambani says Jio to file DRHP today
Bharti Airtel shares rose over 2% after Mukesh Ambani announced Jio Platforms will file its DRHP with SEBI. The proposed IPO could become India’s largest. Jio’s strong subscriber base and valuation outlook highlight intensifying competition with Airtel in the telecom and broadband space.
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'From Guna to Bharat': MP youth who once earned Rs 5 per piece now brings internet to places Airtel, Jio haven’t reached
What began as a child earning Rs 5 per piece in a small town has grown into a business that delivers internet to some of India’s hardest-to-reach places, showing how persistence and skill-building can quietly bridge gaps that even large companies have yet to fill.
Five of top-10 most valued firms add Rs 4.23 lakh crore in mcap
Five out of the top 10 Indian companies gained a market valuation of Rs 4,23,014.4 crore last week, with HDFC Bank and ICICI Bank being the major contributors. HDFC Bank's market valuation rose by Rs 3,43,107.78 crore, making it the second most valuable company after Reliance. Meanwhile, the market valuation of Reliance
Telcos' hiring activity getting more aggressive amid 5G roll outs
Staffing experts say that while security concerns are prompting telcos to take the technical profiles in house, the trend is reversed when it comes to service-based profiles. The focus on outsourcing a chunk of their service-led functions could also help telcos address the challenge of recruiting new people and/or upskilling the existing workforce to meet 5G rollout needs.
Jio consolidates home broadband leadership, Airtel now second
The Mukesh Ambani-led telco added 0.18 million JioFibre customers in December 2021, taking its fixed broadband user base to 4.6 million. Sunil Mittal-led Airtel, in turn, added 0.12 million users, boosting its home broadband user base to 4.2 million.
Jio becomes No. 1 in home broadband turf in November, BSNL now No. 2: Trai
After a fierce fight over several months, Reliance Jio has wrested market leadership from state-run BSNL in the country’s home broadband turf in a neck-and-neck contest that has relegated Bharti Airtel to the third spot.
Airtel overtakes Reliance Jio in active user market share in October amid intense fight for subscribers
Vi, though, continued to suffer the most on this score, losing 1.2 million active users in October, dragging its overall active user base down to 260 million. The Indo-UK telecom joint venture between Britain’s Vodafone Plc and the Aditya Birla Group, lost 20 million active users since April this year.
Airtel in pole position in race with Jio to grab struggling Vi’s customers
Airtel is likely to continue gaining more mobile broadband users than Jio, especially as the low-end customer churn, which had driven Jio’s customer gains earlier, has largely stabilised, analysts said.
IMC 2017: Competition is not between incumbents but with OTT players, says Reliance Jio’s Mathew Oommen
OTT services resulted in a mobile market revenue loss of more than $20 billion in 2016 globally, according to data shared by Analysys Mason.
Airtel’s average speeds show improvement, Jio’s speeds show consistency: Kotak report
Airtel is followed by Reliance Jio with average download speed of 6.2 Mbps and Vodafone and Idea with average speeds of 6 Mbps and 5.3 Mbps respectively.
How Mukesh Ambani shook up the phone industry, in charts
Ambani's Jio laid waste to profits in the overcrowded industry by driving down prices to as low as zero.
Weakness in RIL stock is only technical in nature: Deven Choksey, KRChoksey Securities
Reliance is clearly taking the markets down with it: Know why
Vodafone Idea raises Rs 1,500 crore via debt
The NCDs have maturity period of 5 years and have been offered at interest rate of 10.9 per cent per annum.
Tata gets $1.3 billion India bill to close phone deal
The department of telecommunications is demanding that Tata Teleservices Ltd. clear any obligations to the government before it approves the deal that was struck in October, the people said, asking not to be identified as the information isn’t public. Bharti Airtel, helmed by billionaire Sunil Mittal, is unlikely to agree to pay the sum.
Vodafone plans ambush marketing during IPL to upstage Reliance Jio
Vodafone is expected to rollout its advertising campaigns along with game shows and consumer engagement programmes across cities from Saturday.
Can anyone stop the Jio juggernaut? Mukesh Ambani deploys brutal force in telecom
Expect another bitter battle between Jio and its rivals. At stake is roughly Rs 5,000 crore of revenue. And the odds seem heavily loaded in Jio's favour.
Airtel launches solution for GST filing
The Airtel customer can use ClearTax’s GST software and platform free of any subscription fee till March end of 2018.
As voice & data businesses take a hit, Airtel, Vodafone and Idea are looking for new revenue streams
These telcos’ sense that the enterprise market is service oriented and highly competitive, with high level of service commitments and robust infrastructure with well defined turnaround time.
Vodafone sees signs of stability as Reliance Jio hangs up on freebies
Vodafone has seen stability of recharge values and high-value customers as well as a slight uptick in medium value customers.
Voda to sell 9% additional stake to Aditya Birla Group post merger
AB Group has filed with the BSE the composite scheme of amalgamation between Voda and Idea.
Bharti Airtel sells 10% in tower subsidiary for Rs 6,194 crore
Bharti chairman Sunil Mittal said this “investment by a consortium of marquee longterm investors underlines the confidence of global investors.
How Jio could impact RIL and the telecom industry
Reliance Jio’s subscriber base has crossed 10 crore. The question now is: How many of these subscribers will become paying customers?
Jio may just dislodge Airtel off the top perch in India's $26-bn telecom market
Prior to Jio’s entry, Airtel, Vodafone and Idea were able to increase revenue and profit, even as they borrowed heavily to pay for spectrum.
Telecom sector set for action-packed 2017
If anything, the high-voltage narrative of 2016 has left mobile subscribers craving for more in the coming year both in terms of tariffs which have touched new lows, and technology.
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