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.
Telecom Regulatory Authority of India (TRAI) Chairperson Dr. P.D. Vaghela on Friday said that introduction of 5G technology will enable India to achieve the digital empowerment goal and improve the well-being of the people.
Bharti Airtel on Wednesday announced that it has crossed the one million unique 5G user mark on its network, as the telecom operator rolls out 5G services in a phased manner. The company said it achieved this milestone in less than 30 days of its commercial launch even as the network is being built.
Bharti posted a consolidated revenue of Rs 34,728.7 crore for Q2FY23 as against Rs 28,435.2 crore in Q2FY22. The revenue increased by 22 per cent in comparison to the same period in FY22
Reliance Jio revenue from operations for the period ended September 30, 2022, stood at Rs 22,521 crore, up from Rs 18,735 crore posted in the same period of the previous year.
, Vaishnaw said the departmental officers from regulatory to developmental in the common goals should ensure connectivity to every household in the country and improving the quality of coverage.