Telecom operator Bharti Airtel has tweaked its post-paid plans, a move that involves gradual phasing out of offerings that are less than Rs 499 and retaining limited number of plans above it.
India's largest telecom operator Vodafone Idea on Monday said its consolidated loss has narrowed sequentially to Rs 4,881.9 crore in March 2019 quarter, as strategic initiatives to improve revenue and average realisation from subscribers helped financials.
The government is targeting to raise over Rs 300 crore through an IPO of RailTel Corporation and has asked the telecom infrastructure provider to speed up finalising its books of accounts for 2018-19.
The company, whose profitability has been battered by intense price competition posed by the richest Indian Mukesh Ambani's Reliance Jio, earned a net profit of Rs 107.2 crore in January-March quarter as compared to Rs 82.9 crore in the same period previous fiscal, its first rise in profit after several quarters.
Tech giant Google's latest generation of smartphones - Pixel 3a and Pixel 3a XL - will make their way into the Indian market priced at Rs 39,999 onwards from May 15.
Amid sustained competitive pressure in the telecom industry, mobile operator Bharti Airtel on Thursday revamped its flagship customer programme 'Airtel Thanks', promising users enhanced benefits and offers including premium content, device and security services, and financial services.
Regulator TRAI plans to ask telecom operator Bharti Airtel to cough up additional details on segmented or concessional offerings it made to customers and will insist that information furnished adheres to its 'prescribed format', a source said.
The country's largest telecom operator Vodafone Idea Thursday said its rights issue has been over subscribed, and crossed Rs 25,000 crore in value terms.
Indian telecom "market repair" is still some time away as the top players are in consolidation phase and seeking to raise over Rs 1 lakh crore in funds, global investment banker Jefferies said in a note.