Telecom News 26th June

Telecom News

✓ Idea shareholders approve new name ‘Vodafone Idea Ltd’,  Rs 15,000 crore fund raise plan.

✓ Reliance Jio enters a new league, crosses 200 million user mark.

BSNL Connects Andaman & Nicobar, Lakshadweep Islands to Mainland Using Satellite Bandwidth.

✓ Capex by Idea, Vodafone India sees decline in FY18.

Fitch retains Airtel’s ratings at BBB-, outlook stable.

✓ Senior Leadership Appointments Announced by Airtel For Airtel Business.

✓ Xiaomi’s big bet on India: 50,000 additional jobs, Rs 15,000 crore investment in local manufacturing.

✓ MoneyOnMobile to Put $6.2 million in India Ops.

✓ One 97 puts Rs 61 crore in Paytm Entertainment.

✓ Delay in sell-off of Tata Teleservices` enterprise biz to hit its valuation.

Majority of Indians live on wrong side of digital divide, shows study.

Partner to Buy Gionee India in tie-up with Karbonn Promoter.

✓ L&T Technology collaborates with Cadence for NB-IoT.

✓ Airtel Payments Bank can’t get new customers.

✓ Instagram’s worth over $100 billion.

✓ Mindtree founders may sell entire stake to NEC Corp., private equity firm.

✓ Microsoft, InMobi partner for marketing solutions for enterprises.

✓ Vodafone partners Amdocs to automate billing operations.

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