VIL has offered a stake to the government at a par value of Rs 10 per share and the government is waiting for the company's shares to stabilise at Rs 10 apiece
The appointments are subject to approval by shareholders at Airtel's upcoming Annual General Meeting, the company said in a regulatory filing.
India currently has 3G and 4G telecom networks and companies are gearing up to launch 5G over the next few months.
The allotment is part of Google's commitment to invest $1 billion with Airtel, which included equity investment in the company worth $700 million, about Rs 5,224 crore, Airtel said in a regulatory filing
The Trai had recommended a base price for this frequency range and suggested that it can be used for both mobiles as well as satellite services.
For the full year FY22, the Sunil Mittal-led telco logged a net profit of Rs 4,255 crore against a loss of Rs 15,084 crore in the previous fiscal (FY21).
"The company's board at a meeting on June 27 approved the appointment of Akash M Ambani, non-executive director, as chairman of the board of directors of the company. This comes after his father resigned with effect from the...
VIL expects the government to complete the conversion of around Rs 16,100 crore dues into 33 per cent stake in the company in the coming weeks.
The project is spread across the Naxal-affected area in 10 states and the task has been assigned to the state-owned telecom firm BSNL.
Sunil Bharti Mittal said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology...
The telecom operator had earlier this month announced Rs 14,500 crore fundraising plans, where promoters would inject Rs 4,500 crore.
As per information on Jio's website, Rs 259 plan comes bundled with 1.5 GB daily data and unlimited calling along with other benefits on the validity of...
