An Indian government official has said that the country’s telcos should not expect any further concessions, despite the harsh market conditions
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Vodafone CEO: India must deliver significant relief package or risk losing Vodafone Idea
As Vodafone’s Indian Joint Venture struggles with the country’s brutal market conditions, Group CEO, Nick Read, confirms that Vodafone Group will not be putting any additional equity into the venture
Reliance to spin off Jio and invest $15bn to allow future growth
Reliance Industries currently has net debt of around $22bn – something which is stunting Jio’s ability to grow
Airtel to raise $1bn as it looks to expand its 4G networks in India
Analysts expect significant demand from investors, as Airtel looks to raise cash to fund network expansion
Airtel to kill off its 3G networks in India by the middle of next year
By mid-2020 Airtel will have refarmed its 3G spectrum, meaning that its entire customer base in India will be using either 2G or 4G services
Airtel CEO: Indian operators will need 1,000MHz of spectrum each, in order to do 5G properly
Bharti Airtel’s CEO called on India’s telecoms regulator to speed up spectrum allocation and reduce costs for operators, as MNOs look to deliver the next step in the country’s digital revolution
Indian telcos to face new wave of financial challenges following DoT probe
The Department of Telecoms is to open an investigation into historic under reporting of revenues in India’s telecoms sector
Social media tax could hamper Facebook’s African investment
A tax on users accessing social media sites could put Facebook’s business model for the region in jeopardy
Europe could learn from India on spectrum allocation – Vodafone
Telco highlights fragmented nature of European telecoms market; calls for longer licence durations to enable operators to have the confidence to invest in 5G
Money for nothing and phones for free
India’s Reliance Jio is giving away mobile phones to attract customers. The firm is close to annual revenues of €1 billion, but breakeven looks to be some way off.
A potted history of Vodafone’s Indian adventures
U.K. telco’s bright Idea to bulk up in India may lead to the asset’s deconsolidation from the balance sheet.
EC says Apple owes Ireland 13bn in back taxes
iPhone maker’s tax arrangements in Ireland found to have breached state aid rules.
Vodafone ‘ready’ for Reliance Jio launch in India, foresees consolidation
Mobile operator’s CEO says Indian IPO depends on a number of factors, including tax issue, spectrum auctions.
Vodafone India ordered to pay €282m merger fee
Charge paves way for IPO by facilitating merger of telco’s operating subsidiaries.
Vodafone wins India tax case
Bombay court rules in favour of telco in €1.2 billion tax dispute.
India OKs sharing of spectrum, but not trading
Government outlines rules that will enable operators to share bandwidth within circles.
Softbank reportedly part of $1bn low-cost handset maker investment
Japanese mobile operator heads up investment group looking at buying into India’s Micromax, according to media reports.
Vodafone Idea finally looks ‘beyond survival’ after AGR ruling
Vodafone Idea could finally be primed for ‘revival’ following the government’s adjusted gross revenue (AGR) relief, according to chairman of Aditya Birla Group, Kumar Mangalam Birla.
Outgoing BT boss takes home £3.7m as cost cutting continues
Ex-CEO Philip Jansen, who left BT in January, saw his remuneration increase 25.8% in the last financial year, including bonuses of £2.6 million
South Korean president backs semiconductor mega cluster investment
The South Korean government has announced its support for plans to develop a new semiconductor production cluster just outside Seoul, as the country attempts to consolidate its chip production efforts. The cluster, which will be built across 21 million square metres of land, is expected to create 3 million jobs over the next twenty years, according to a report from the Yonhap news agency.
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