Indian telecom operator Vodafone Idea (Vi), a subsidiary of Aditya Birla Group (ABG), is not looking to file for voluntary bankruptcy despite its financial struggles, ABG senior executives told ET Telecom. Vi’s financial criticality was revealed on June 7 when Kumar Mangalam Birla, chairman of the telco, wrote to the government offering to hand over the group’s stake in Vi to any public sector or local financial entity who could save the company. In his letter, Birla asserted that without immediate government support, […]
India
Indian telco Reliance Jio added 3.55 million wireless subscribers during the month of May, acquiring the highest rank in the telecom industry for four consecutive months. Despite the overall wireless subscriber base drop throughout that month by 6.27 million, Jio outperformed its fellow Indian telcos Bharti Airtel and Vodafone Idea. Both providers lost 4.61 million and 4.28 million subscribers, respectively. As per data shared by the Telecom Regulatory Authority of India Trai, Jio’s wireless subscriber base increased by […]
U.S. tech giant Microsoft is in the final stages of talks with the Telangana government in India to set up a data center with an investment ranging between $2 billion to $2.25 billion, local media reports. If the discussions come to fruition, this would be one of the major investments of Microsoft outside the U.S. A few months earlier, Telangana Minister for IT and Industries KT Rama Rao […]
American aerospace manufacturer SpaceX plans to extend its partnership with Indian firms to locally manufacture satellite communication equipment as it gears up to launch its high-speed satellite Starlink in 2022. The meeting was conducted with the global satellite companies including officials from global communications networks OneWeb, Viasat, Hughes, in addition to Department of Space and the Regulatory Authority of India. […]
Twitter has shown a willingness to fully comply with India’s recent social media regulations following the state’s IT Act, as the social networking platform will establish an Indian liaison in the upcoming weeks. In the never-ending feud between the microblogging platform and the Indian government, in the wake of the recent stand-off between Twitter and […]
Popular micro-blogging platform Twitter stands facing legal accountability in India after failing to adhere to the country’s new IT act forcing social networking sites to remove content following the issuance of a legal order. Twitter has been facing an increasing backlash from a plethora of fronts for the past couple of months. As steep tensions […]
When Singaporean global investment company Temasek announced the financing news of Google-backed Indian software engineer company, DotPe. India’s digital services space was bound to enter a new round of changes by delivering users a more customized and brand-led experience. However, the Temasek investment in Google-backed DotPe could hold significant risks for platforms such as Zomato […]
NEW DELHI (AP) — Apple announced Friday that it will launch its first online store in India next week, as it seeks to increase sales in one of the world’s fastest-growing smartphone markets. The company at present uses third-party online and offline retailers to sell its products in the country. Apple CEO Tim Cook said […]
India, the world’s second-largest telecom market, has been attracting foreign investors which paved the way for boosting the Indian economy. Top companies such as Facebook Google, Saudi Arabian Sovereign fund, General Atlantic, and Silver Lake Partners have expressed interest in Jio Platforms and Bharti Airtel, said Ram Sewak Sharma, Chairman Telecom Regulatory Authority of India, […]
Huawei’s involvement in the deployment of the 5G network has been under scrutiny for sometime, especially amid new sanctions imposed by the United States of America. The Indian government has neither made a public announcement nor have they issued any formal written ban on the Chinese equipment suppliers including Huawei and ZTE. Back in 2019, […]