Roundup of all the Telecom providers and Operators
Earlier this year, Reliance Industries’s Reliance Retail announced JioMart, a web portal to buy food and groceries online in an attempt to take on BigBasket, Flipkart, Amazon India, and more. Initially, the online grocery service was launched in Navi Mumbai, Thane, and Kalyan as a part of the pilot programme. Continue reading “JioMart online grocery service goes live in 200 towns across India”
Vodafone Idea has silently introduced new Rs. 29 plan that becomes the company’s new minimum recharge All Rounder plans. The new plan offers Rs. 20 worth talk time benefits for calls and SMS, adds 2.5p/sec call rate cutter as well as 100 MB data with 14 days of validity. This looks like a good deal for the price. Continue reading “Vodafone Idea launches new Rs. 29 all rounder pre-paid plan with talk time, data, rate cutter benefits”
Reliance Jio today announced that KKR a leading global investment firm will invest Rs. 11,367 crore in Jio Platforms. This investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. KKR’s investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis. Continue reading “KKR to invest Rs. 11,367 Crore in Jio Platforms for 2.32% stake”
With people staying at home now due to nationwide lockdown, telecom operators have been revising its existing plans, introducing new packs to offer more data like the Rs. 251 ‘Work From Home’ plan from Reliance Jio. On similar lines, now Airtel has now introduced its new Rs. 251 prepaid data pack that exists on top of the base plan’s validity.
Continue reading “Airtel launches Rs. 251 prepaid data add-on pack with 50GB benefit”
With people staying at home due to the ongoing nationwide lockdown, Airtel introduced various offers and solutions like unlimited premium Kids content on XStream, access to ZEE5’s premium content, etc. On similar lines, now Airtel has launched a new ‘Work@Home’ solution for businesses with essentials and add-on bundles for working from home. Continue reading “Airtel launches ‘Work@Home’ essentials and add-on bundle solution for businesses”
Reliance Jio today announced that General Atlantic, a leading global growth equity firm will invest Rs. 6,598.38 crore in Jio Platforms. This investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. General Atlantic’s investment will translate into a 1.34% equity stake in Jio Platforms on a fully diluted basis. Continue reading “General Atlantic to Invest Rs. 6,598.38 Crore in Jio Platforms”
Last week Reliance Jio launched a new Rs. 2399 yearly plan with 2GB data per day and new Work from Home add-on data packs. Today it has launched a new Rs. 999 plan with 3GB per data day and 84 days validity, which it calls Work-from-Home plan. Continue reading “Jio launches new Rs. 999 pre-paid plan with 3GB data per day, 84 days validity”
Vodafone Idea has introduced yet another initiative to help their customers maintain social distancing protocols when using their retail store services. It is a voice-based contactless recharge option that is enabled in the Vodafone Idea Smart Connect retailer app, using Google voice recognition to input a customer’s phone number.
Continue reading “Vodafone Idea launches voice-based contactless recharge at retail outlets”
Telecom operators in India have started working on 5G network from quite some time and recently, Airtel partnered with Nokia to prepare for 5G networks. On similar lines, now Airtel has partnered with IBM and Red Hat to build 5G Ready Cloud Network. Continue reading “Airtel selects IBM and Red Hat to build 5G Ready Cloud Network”
Reliance Jio offered double data vouchers, free daily data owing to the ongoing nationwide lockdown and on similar lines, now the company has launched a new work from home annual plan and new add-on data packs. This new annual plan offers 33% more benefit compared to the existing annual plan.
With people staying at home due to the ongoing nationwide lockdown, many streaming platforms are opening up their premium content for free and recently, Airtel opened up its premium Kids content on XStream for free. Following that, now the company is offering unlimited access to ZEE5’s premium content for its users.
Continue reading “Airtel offers free unlimited access to ZEE5 premium content till July 12”
After last month’s announcement from Facebook that said that it will buy 9.99% equity stake in Jio Platforms for $5.7 billion or INR 43,574 crore, today private equity firm Silver Lake has announced that it will invest Rs. 5,655.75 crore / US$ 747 million into Jio Platforms for 1.15% stake. This investment values Jio Platforms at an equity value of ₹ 4.90 lakh crore / US$65 billion and an enterprise value of ₹ 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment announced on April 22, 2020. Continue reading “Silver Lake to invest 5,655 crore in Jio Platforms”
The usage of video conferencing apps have increased lately with people staying at homes and these business apps crossed 62 million downloads last month. Reliance Jio’s ‘Jio Meet’ is the newest entrant in this segment and is set to take on popular video conferencing apps like Zoom, Google Meet, Microsoft Teams, and more.
Continue reading “JioMeet video conferencing app to launch soon”
Reliance Jio has reported Rs. 14,835 crore revenue, up 6.2% QoQ and 26.6% YoY and a net profit of 2,331 crore, up 177.5% YoY for last quarter that ended 31st March 2020. Jio reported Standalone earnings before interest, tax, depreciation and amortisation (EBITDA) of 6,201 crore, up 10.7% QoQ, EBITDA margin of 41.8%, and Standalone earnings before interest and tax (EBIT) of 4,033 crore, up 6.0% QoQ . Consolidated value of services stood at 17,454 crore, up 6.0% over trailing quarter. It has 388 million subscribers as of 31st March 2020, with addition of 24 million during 4QFY20. Continue reading “Reliance Jio reports Rs. 2331 crore profit, up 177.5% YoY in FY Q4 2019-20”
The usage of mobile data has increased lately with people working from home and as a part of a special offer, Reliance Jio credited 2GB daily data free for its users last month. Similarly, the company is now crediting 2GB of daily data to users randomly under ‘Jio Data Pack’ offer.
Continue reading “Reliance Jio crediting 2GB per day for 4 days for free”
