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Billionaire Mukesh Ambani's Jio cornered more than half of the telecom spectrum auctioned by the government over the past two days, offering about Rs 57,123 crore to consolidate its holding of the scarce resource that are used to carry mobile call and data signals.
Read more about Spectrum auction surpassed estimates; industry's debt levels to rise: ICRA on Business Standard. The results of telecom spectrum auctions, that grossed over Rs 77,800 crore, have "exceeded" initial estimates, ICRA said on Tuesday.While the value of sales was just 19 per cent of the value of total spectrum on offer, the debt levels of the
While the value of total spectrum sold is only 19% of the total value of spectrum on offer, post the auctions, the debt levels of the industry would increase further to around Rs 5 lakh crore as on March 2022
Vodafone Idea to shut down 3G services by 2022 Vodafone Idea to shut down 3G services by 2022 By:Abhishek Malhotra, The Mobile Indian, New Delhi Last updated : February 16, 2021 3:38 pm Advertisement Vodafone Idea Ltd serving under the brand name 'Vi' is now getting ready to shut down its 3G services across its circles in India by 2022 and will shift its focus towards 4G services. The operator will continue to offer 2G services, while its network is 5G ready as well. The process will be a phased shut down which will finish after the operator is done refar...
Markets likely to stay steady; Future Retail, Vodafone Idea in focus Premium Share Via Read Full Story Indian markets are likely to stay steady on Tuesday while trends in SGX Nifty indicate a positive opening for benchmark equity indices. On Monday, the Sensex closed at 52,154.13, up 609.83 points or 1.18%. The 50-share Nifty ended at 15,314.70 , up 151.40 points or 1%. Global shares held firm with a solid foundation in place to extend their bull run to a 12th consecutive session as optimism about the global economic recovery and expectations of low interest rates drive investments into riski...