Telecom Newsletter - October 10 to 14, 2016

India Infoline News Service | Mumbai | October 14, 2016 18:37 IST

This week saw Reliance Communications sign a term sheet with Brookfield for the telecom towers sale, Aircel brings cheer with an exciting offer of 1 GB @ Rs 24. IIFL presents a weekly snapshot of all the major happenings in the Telecom industry.

TOP STORIES
 
Reliance Communications signs term sheet with Brookfield for telecom towers sale
Reliance Communications Ltd. (RCOM) today announced the signing of a non-binding Term Sheet with Brookfield Infrastructure Group (Brookfield) in relation to the proposed acquisition of RCOM’s nationwide tower assets and related infrastructure by Brookfield. Read more
 
Telcos show reduced quantum of daily call failures
With the provisioning of additional points of interconnection (PoIs), calls from Bharti Airtel have showed the highest improvement in terms of reduced quantum of daily call failures, as per an ET report. Read more
 
Aircel brings cheer with an exciting offer of 1 GB @ Rs 24
This festive season stay online more than ever before as Aircel, one of India’s most innovative telecom players, in its aggressive bid to redefine data consumption, is encouraging its existing and potential customers to enjoy 1GB of 3G data for just Rs.24 with a validity of 28 days. Read more
 
Jio creates a world record; ‘Jio Welcome Offer’ enrols 16 million customers in 26 days
Reliance Jio Infocomm Ltd (Jio) announced today that it has created a world record by crossing 16 million subscribers in its first month of operations (September, 2016). Read more
 
Jio to bring iPhone 7 and iPhone 7 plus to india with unprecedented experience
Welcome to the next gen iPhones on the only-4G all-IP network in India. Jio announced it will offer the iPhone 7 and iPhone 7 Plus, the best, most advanced iPhone ever, featuring an all-new advanced camera system, dust and water resistant design, stereo speaker system and the A10 Fusion chip, which is the most powerful chip on any smartphone while delivering the best battery life ever in an iPhone. Read more
 
LeEco sales zoom to Rs 200 crore in its first ever online Diwali festive sales
Global internet and technology conglomerate, LeEco is jubilant at the response it has received for its first ever participation in the popular pre-Diwali sales by leading e-commerce platforms. Read more
 
DOMESTIC NEWS
 
TTML succeeds in wining spectrum in 1800 MHz band in Mumbai and Maharashtra Service Areas
Tata Teleservices (Maharashtra) Ltd is currently trading at Rs. 6.24, up by Rs. 0.19 or 3.14% from its previous closing of Rs. 6.05 on the BSE. Read more
 
Airtel fortifies its strong spectrum portfolio
Bharti Airtel, the India’s largest telecommunications services providers, today said that it has acquired 173.8 Mhz spectrum across 1800/2100/2300 MHz bands for a total consideration of Rs 14,244 cr in the latest spectrum auction conducted by the Department of Telecom, Government of India. Read more
 
NEWS IN FOCUS
 
Reputation risk bigger than cost impact of Samsung recall: Fitch
Potential long-term brand damage from the recall and production suspension of Samsung's Galaxy Note 7 phone is a greater threat to its credit profile than the direct financial impact, which will be buffered by ample liquidity and a strong balance sheet, says Fitch Ratings. Read more
 
INTERNATIONAL
 
Tata Communications appoints James Parker as global head of sales
Tata Communications announces the appointment of James Parker as President of Global Sales. James is responsible for leading the company’s global sales organisation across all customer segments. Read more

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.