The chairman took home just Rs 3.3 lakh, compared with Rs 13.15 crore in the 2016 fiscal, after Idea reported its first annual net loss as a listed entity.
The company plans to launch a staggering 50 million such devices by 2022, with the aim of capturing 10-15 per cent of the market
Video viewership tracker Vidooly reveals a 75% increase in viewing adult content since data rates came crashing down in H2 of the previous fiscal as a result of competitive pressure.
Last Saturday, RCom posted its first ever annual loss since its inception - of Rs 1,285 crore.
Among other options, mobile phone operators are pushing for increased digitisation besides keep a tight control on staff strength that can help them control inflation of balance sheets.
The combined enterprise value of the towers is likely to be about $1 billion (Rs 6,454 cr), though the sellers have been pushing for a valuation of over $1.3 bn.
Reliance Communications' Q4 net loss widens sharply, posts 1st ever annual loss as Jio free offers hurt
The earnings before interest, tax, depreciation and amortization (EBITDA) margin declined to 24 per cent, compared to 24.5 per cent in the quarter before, the statement said.
Idea Cellular will use the financing to help diversify its funding sources and enhance the maturity profile of its long- term debt.
The downgrade was the result of Reliance Jio’s impact on operational risk profile of Rcom.
As voice & data businesses take a hit, Airtel, Vodafone and Idea are looking for new revenue streams
These telcos’ sense that the enterprise market is service oriented and highly competitive, with high level of service commitments and robust infrastructure with well defined turnaround time.
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