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Reliance Jio IPO to be a stock rerating catalyst for Bharti Airtel, says CLSA

RJio IPO: CLSA said with a likely RJio IPO ahead, which the RIL management talked of in 2019 would be a rerating catalyst for Bharti. Its target of Rs 1,110 for Bharti Airtel translates to 10 times EV/Ebitda for India operations.



India , Jio-infocomm-rjio , Bharti-airtel , Bharti-airtel-ltd , Reliance-industries , Reliance-industries-ltd , Reliance-jio-infocomm , Reliance-jio , Bharti-india , Rjio , Eliance-jio , Jio-ipo

Prime Minister to launch 5G Services in India at 6th India Mobile Congress 2022 on October 1

The launch of 5G services follows years of intense preparation. Recently, 5G spectrum auctions were conducted successfully and 51,236 MHz was allocated to Telecom Service Providers with gross revenue of Rs. 1,50,173 Crores. 5G can unleash new economic opportunities and societal benefits.

Mumbai , Maharashtra , India , New-delhi , Delhi , Tejas-networks , Telecom-service-providers , Edition-of-india-mobile-congress , G-radio-access-network , G-services , Google-news

Spectrum auction indicates operators gearing up for 5G transition


Spectrum auction indicates operators gearing up for 5G transition
March 02, 2021
Access to cheaper 700 Mhz band in the next round of auction will be crucial
The outcome of the spectrum auction indicates that Reliance Jio and Bharti Airtel are gearing up to offer 5G services. While most of the acquisitions have been to renew spectrum in circles where they are expiring, both operators have consolidated their holding in the sub-GHz frequency bands, which is ideal for 5G services.
Reliance Jio has acquired 133 Mhz of fresh spectrum in the 800 Mhz band. Jio now has the highest amount of sub-GHz spectrum with 2X10 Mhz contiguous spectrum in most circles. (2X10 Mhz means that the operator has 10 Mhz spectrum for transmission and another 10 Mhz for receiving voice/data.)

India , Ankit-jain , Bharti-airtel , Prashant-singhal , Leader-of-technology , Airtel , Reliance-jio , Assistant-vice-president , Emerging-markets-leader , Spectrum , 5g , Airetl-jio

Reliance Industries extends fall post Q3 nos; stock dips 10% in three days


Shares of Reliance Industries (RIL) were quoting lower for the third straight trading day, having lost over Rs 1-trillion market capitalisation (market-cap) following the announcement of October-December quarter (Q3FY21) results on January 22.
The stock shed 2.4 per cent to Rs 1,893 on the BSE in the intra-day trade on Wednesday, down 10 per cent in the past three trading days. The combined market-cap of RIL's fully paid shares and partly paid shares declined by nearly Rs 1.4 trillion in the three days.
At 10:59 am, the fully paid RIL shares were trading 1.3 per cent lower at Rs 1,914 per share with a market-cap of Rs 12.13 trillion. Meanwhile, RIL's partly paid shares were quoting 3 per cent lower at Rs 1,044 after hitting low of Rs 1,029 in intra-day trade today. The partly paid shares market-cap stood at Rs 44,080 crore, the BSE data showed. The combined market-cap of RIL fully paid and partly paid shares hit a record high of Rs 15.63 trillion on September 16, 2020 in intra-day trade.

Delhi , India , Singapore , Jio-rjio , Kishore-biyani , Motilal-oswal-financial-services , Delhi-high-court , Reliance-industries , Oswal-financial-services , Reliance-jio , Jio-platforms , Vodafone-idea

RIL hits over 2-month high on Sebi nod to Future Group-Reliance Retail deal

Read more about RIL hits over 2-month high on Sebi nod to Future Group-Reliance Retail deal on Business Standard. Sebi gave a go-ahead to Future Group's scheme of arrangement and sale of assets to Reliance

India , Bombay , Maharashtra , Exchange-board-of-india , Bombay-stock-exchange , Reliance-industries , Press-trust , Exchange-board , Future-group , Reliance-industries-share-price , Markets