Mumbai (Maharashtra) [India], August 3 (ANI): The Board of Directors of Vodafone Idea Limited on Wednesday decided to elevate its Managing Director and Chief Executive Officer Ravinder Takkar to the position of chairman effective from August 19.

Hyderabad (Telangana) [India], May 9 (ANI/BusinessWire India): Tanla Platforms Limited, India's largest CPaaS provider, today unveiled "Wisely Insights" - a first in the industry feature that will enable access to real-time insights for leading enterprises, telcos, regulators, and the government. These rich insights are validated from two independent sources - blockchain-enabled Wisely platform as well as core telecom systems that will result in a multifold increase in end-to-end transparency.

Mumbai (Maharashtra) [India], March 29 (ANI): Bharti Airtel said on Tuesday it has acquired 4.7 per cent stake in Indus Towers from Euro Pacific Securities Ltd, an affiliate of Vodafone Group.

New Delhi [India], February 25 (ANI): Bharti Airtel said on Friday it has entered into an agreement with Vodafone to buy its 4.7 per cent equity stake in Indus Towers on conditions that the proceeds will be used for investments in debt-ridden Vodafone Idea and clearing dues of the mobile tower company.

New Delhi Jan 19 PTI Telecom major Reliance Jio on Wednesday said it has paid Rs 30791 crore including accrued interest to the Department of Telecom to clear entire spectrum payments liabilities that the company acquired before March 2021 auctions The payments include liabilities pertaining to the spectrum acquired in 2014 2015 2016 auctions and the spectrum acquired in 2021 through trading of right to use with Bharti Airtel Limited the company said The company had acquired 5853 MHz spectrum through these auctions and trading The company estimates that the above prepayments will result in interest cost savings of around Rs 1200 crore annually at the current interest rates the statement said With this payment Reliance Jio has opted out of options given by the government to telecom operators to avail four years of moratorium on all spectrum-related payments under the telecom reforms package announced in September 2021 RJIL had executed the first tranche of prepayment on the anniversary date in October 2021 pertaining to spectrum acquired in auction in 2016 Subsequent to the decision of Department of Telecom DoT in December 2021 providing the telcos the flexibility to prepay their deferred spectrum liabilities on any date RJIL has now prepaid in January 2022 the entire deferred liabilities acquired in2014 and 2015 auctions as well as spectrum acquired through trading These liabilities were due in annual instalments from financial year 2022-23 to 2034-2035 and carried an interest rate between 930 to 10 per cent per annum with an average residual period of more than seven years the company said Bharti Airtel last month paid Rs 15519 crore to the DoT towards prepayment of the entire deferred liabilities pertaining to spectrum acquired in auction of year 2014 Debt-ridden Vodafone Idea VIL Tata Teleservices TTSL and Tata Teleservices Maharashtra TTML have opted for the 4-year moratorium option on government dues and even opted for paying interest arising out of this option by transferring equity to the government VIL has proposed to transfer 358 per cent stake to the government while TTSL and TTML proposed to transfer 95 per cent each PTI PRS DRR

New Delhi Nov 28 PTI After Bharti Airtel and Vodafone Idea Indias largest mobile operator Reliance Jio on Sunday announced up to 21 per cent hike in its prepaid tariffs from the next month Despite the increase in rates Jio has kept the price of plans lower than Airtel and Vodafone Ideas which is expected to continue pricing competition in the industry The company still has kept its lowest rate for 28 days validity plan at Rs 91 for Jiophone users which is the lowest among private telecom operators Bharti Airtel and Vodafone Idea have increased the entry level plan with 28 days validity to Rs 99 The tariff hikes entail JioPhone Plan Unlimited Plans and data add on and range between 196 per cent and 213 per cent In line with its commitment to further strengthen a sustainable telecom industry where every Indian is empowered with a true digital life Jio today announced its new unlimited plans These plans will provide the best value in the industry Reliance Jio said in a statement The statement further said Upholding the Jio promise of providing the best-quality service at the lowest price globally Jio customers will continue to be the biggest beneficiaries The new unlimited plans will go-live on December 1 2021 and can be opted from existing touchpoints and channels The company announced tariff hikes across 15 plans which include one for JioPhone users 11 in unlimited category and three in data top up category In the unlimited plan category Jio has increased the price of its cheapest plan with 28 days validity to Rs 155 from Rs 129 The cheapest unlimited category with 84 days validity will be priced at Rs 395 instead of 329 at present The popular unlimited category plan offering daily 15 GB daily data usage with 84 days validity will go up by about 20 per cent to Rs 666 from Rs 555 at present The company has announced that its annual unlimited category plan offering 2 GB daily data usage at 4G speed will be priced at Rs 2879 instead of 2399 at present Airtel and Vodafone Idea last week announced up to 25 per cent hike in their prepaid plans tariffs to improve financials Several market analysts had said that the final assessment of the impact can be done only when Jio opens up its card on price hike Airtel and VIL have been maintaining that average revenue per user needs to go up in the range of Rs 200 to Rs 300 per month for sustaining business but they have been unable to hike tariff due to competitive pressure Jio ARPU in the second quarter ended September 30 2021 was Rs 1436 while that of Bharti Airtel and VIL in the same quarter was Rs 153 and Rs 109 respectively PTI PRS MBI MR MR