According to the ratings agency, data consumption would continue to grow with increased transition to remote working and online transactions - this would help telcos' strengthen their earnings and cash flow
He urged the industry to work together in areas such as infrastructure but said he was strictly opposed to any cartelisation
The surge comes a day after the Union Government announced a slew of reforms for telecommunication sector including a four-year moratorium on payment of dues and allowing 100 percent FDI in the sector
Airtel has shot-off a letter to the telecom department slamming the charges as baseless and outrageous.
Reliance Industries Ltd's market valuation tumbled by Rs 60,829.21 crore to Rs 12,23,416.97 crore.
The decline in subscriber base during April was preceded by a loss of 28 lakh connections in March, which saw the lockdown being imposed towards the end, India Ratings and Research said.
While Airtel paid Rs 10,000 crore, Vodafone Idea Ltd put in Rs 2,500 crore and promised to pay another Rs 1,000 crore before the end of the week.
In a tweet, which has now been deleted, Airtel said it is “complying with instructions received from govt authorities on suspending voice, SMS and data in certain areas in Delhi.”
Jio said it will continue to work with the government on the consultation process for revision of telecom tariffs
Mobile data charges in India are by far the cheapest in the world even as the demand for mobile data services continue to grow rapidly, the company said.
The Supreme Court on Friday issued notice to telecom service providers Vodafone and Airtel on a CBI plea claiming that the two service providers were not co-operating with the probe agency in furnishing the call records of the accused in connection with the Saradha chit fund scam.
Airtel has provided the fastest download speed, but Reliance Jio topped in 4G availability, according to an Open Signal report.
Kumar Mangalam Birla will be chairman of the new company that will have a 12-member board of directors.
The Department of Telecom gave conditional nod for merger on July 9 and asked the companies to meet the demand raised for taking merger on record.
More than 23 lakh customers had reportedly received as many as Rs 47 crore in their Airtel bank accounts, which they did not know had been opened.
This penalty has been imposed "for contravening the 'Operating Guidelines for Payments Banks' and directions issued by RBI on KYC norms," RBI said in a statement.
She also added that the executive told her that the operator had allowed six connections, but failed to explain how the seventh, eighth and ninth connections were linked to her Aadhaar
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