Reliance Jio likely to head for mega IPO in 2025: Jefferies
The note said Jio could list at a USD 112 billion valuation and add 7-15% upside to the Reliance Industries share price.
The note said Jio could list at a USD 112 billion valuation and add 7-15% upside to the Reliance Industries share price.
The telecom equipment manufacturing sector has demonstrated exceptional growth, with total sales exceeding Rs 50,000 crore by Production linked Incentive (PLI) companies.
Surjewala, who is the Congress MP in Rajya Sabha, asserted that this increase has put an annual burden of Rs 34,824 crore on 109 crore cell phone users.
The Centre on Saturday introduced the new Telecommunications Act, 2023 that will usher in the new era of connectivity from June 26, replacing century-old colonial laws.
The International Telecommunication Union (ITU) has elected India as co-chair of its Digital Innovation Board, the Department of Telecommunications (DoT) said on Thursday.
In a major setback to telecom operators in India, the Supreme Court has passed an order recognising the payment of entry fee as well as variable annual licence fee under New Telecom Policy of 1999 as capital expenditure.
US-based telecommunications company AT&T has achieved a noteworthy milestone by successfully completing the first-ever two-way audio call using satellites with a standard smartphone.
The prime minister said this at the inauguration of the new International Telecommunication Union (ITU) Area office & Innovation Centre at the Vigyan Bhawan.
5G subscriptions in India are expected to reach around 31 million by the end of this year, as telecom providers like Jio and Airtel continue to roll out 5G services across the country.
Notably, Indian telecom operators continue to have one of the lowest monthly average revenue per user (USD 2.5) and the highest monthly data usage (20 GB) in the world.