The Supreme Court has dismissed curative petitions filed by Vodafone Idea and other telecom companies, upholding its 2019 ruling on Adjusted Gross Revenue (AGR) calculations. This decision throws Vodafone Idea deeper into financial crisis, while Airtel sees a slight boost. The court’s refusal to reconsider the AGR calculation method will likely further burden Vodafone Idea, which is already struggling to meet its financial obligations and improve its services.
Nokia, the Finnish telecom giant, is on the hunt for a new CEO as it grapples with declining sales and struggles to regain its footing in the competitive market. The search comes amidst a period of significant challenges for the company, including a recent drop in sales and increased competition from rivals like Ericsson and Huawei. The move highlights Nokia’s efforts to navigate a challenging environment and potentially reposition itself for future success.
In a major crackdown on cybercrime, India’s Telecom Regulatory Authority of India (TRAI) and the Department of Telecom have blocked 2.27 lakh mobile handsets and disconnected over 1 crore mobile connections suspected of involvement in fraudulent activities. The move comes as part of a broader effort to combat spam calls, financial scams, and other cyber threats.
The global mobile virtual network operators (MVNOs) market is on a rapid growth trajectory, with projections indicating it will reach a staggering $146.31 billion by 2031, driven by factors such as expanding telecom infrastructure, rising internet penetration, and increasing demand for affordable and flexible connectivity solutions.
Stay informed with the top news stories from India and around the world, covering political developments, financial updates, and major events on August 30. From Supreme Court hearings to GDP announcements, this digest will keep you in the loop.
The Supreme Court of India will hear curative petitions filed by telecom giants Bharti Airtel and Vodafone Idea challenging the 2019 AGR ruling that imposed significant financial burdens on the companies. The hearing, scheduled for 1:30 pm today, will be closed to the public.
Sunil Bharti Mittal, the Indian telecom tycoon behind Bharti Airtel, is set to invest $4 billion in Britain’s largest broadband and mobile company, BT Group. Bharti Global, the international arm of Bharti Enterprises, will acquire a 24.5% stake in BT, marking a significant entry for the Indian conglomerate in the UK telecom market.
Reliance Jio has launched a new Rs 899 prepaid plan that offers 200GB of data, unlimited calling, 100 SMS per day, and complimentary subscriptions to Jio apps, making it a compelling choice for heavy internet users. The plan’s 90-day validity and generous data allowance provide a worry-free experience for streaming, gaming, and social media.
Reliance Jio, India’s largest telecom operator, has launched a new prepaid plan for Rs 399, offering 2.5GB of daily 4G data, unlimited 5G benefits, unlimited voice calling, and 100 SMS per day. The plan also includes subscriptions to JioTV, JioCinema (non-premium), and JioCloud.
Reliance Jio has launched a ₹175 recharge plan, offering 10GB of data and free access to 12 OTT platforms, aiming to regain user base after a recent tariff hike. This move signifies a strategic shift towards content-centric services, raising questions about Jio’s long-term goals in the telecom and entertainment space.
