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.
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 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.
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.
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.
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.
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