Here is the complete inside story of how Tatas and Docomo reached a deal after face-to-face meetings, mails and numerous phone calls.
Betting on demand for data, Reliance Jio Infocomm aims to capture half of India’s mobile telephony market at 50 per cent margins.
Cos from newcomer Reliance Jio Infocomm to the industry’s Big Three of Idea Cellular, Vodafone India and Bharti Airtel are increasingly hiring women to manage everything from the front desk to key functions.
Reliance Jio , which had seven customers join in every second since September 5, disrupted the Indian telecom industry with its ‘Welcome’ and ‘Happy New Year’ offer.
A cross section of phone users ET spoke to suggested many would like to wait and see the quality and speed of data before switching alliance.
Airtel will acquire Telenor India’s running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP and Assam.
Chandra, 54, who is understood to have chosen today as an auspicious date to step into his predecessor Cyrus Mistry’s shoes will kick off the day with his first formal Tata Sons board meeting.
Such a move could create a strong No. 3 telco behind the proposed Vodafone-Idea combine and Bharti Airtel, amid intense competition triggered by Jio.
Any layoffs may take about 12-18 months. The merged entity will have to first ensure that distributors maintain the network and operators continue to expand.
The shares will eventually be converted into equity shares at a fair market value determined on the date of conversion.
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