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After Reliance Jio, Idea offers 100% cashback on Rs 357 plan

Idea Cellular, reportedly India's third largest 4G operator by volume, has started offering a 100% cash-back scheme even as the Cellular Operators Association has complained against such schemes.Similar cash back schemes have been announced by Reliance Jio in an effort to maintain its subscriber base.Like Jio, Idea too offers

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RCom sends legal notice to rivals for spreading rumors

Anil Ambani Group's Reliance Communication said it has sent 'cease and desist' notices to its rivals trying to win over its enterprise customers by creating fear about the company shutting down.The development comes in the wake of announcements by the company that it was gradually shutting down its GSM

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As Jio reality sinks, Idea abandons ‘limited aggression’ strategy

Idea Cellular has abandoned its earlier strategy of 'limited aggression' in dealing with the threat from Reliance Jio and Bharti Airtel, and will be more visible in its counter strikes from now, said CEO Himanshu Kapania."From end October, Idea has shifted its earlier stand of limited aggression, which was

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Idea sees half of India remain 2G-only in 2022, to refarm 900 MHz for 4G

About 600-650 mln telecom customers in India will remain 'pure 2G' users even in the year 2022, while 4G users would swell from 175 mln to 750 mln, said Himanshu Kapania, CEO of India's fourth largest telecom operator Idea Cellular.At present, India has around 1.05 bln active telecom users,

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American Tower Corp buys towers of Idea and Vodafone in India for $1.2 bln

Vodafone India and IdeaCellular Ltd said they agreed to sell their standalone tower businesses in India to the local unit of American Tower Corp for an aggregate enterprise value of Rs 7,850 cr (US $1.2 billion).In case the sale is completed before the merger of Vodafone India and Idea,

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RCom says still talking to Brookfield, others to sell towers

Reliance Communications said it is in talks with several parties, including Brookfield Asset Management, to sell its tower assets."The Company is renegotiating the tower transactions with all the interested parties including Brookfield Infrastructure Group," it said.The clarification comes after reports that Brookfield had withdrawn from the tower deal completely sent

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Reliance Industries to raise Rs 5,000 cr next week via listed debentures

Reliance Industries said it would raise Rs 5,000 cr from the debt market by issuing debentures on Wednesday, November 8.The debentures issued will not be convertible to equity shares and will be sold privately (private placement) without a public offering, RIL added.Unlike shares, debentures generate a fixed return in the

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Hathway Broadband starts FTTH, data use up 26% in 3 months

Hathway Digital said it has started rolling out fiber-to-the-home services in congested areas, and also reported a strong increase in data use after slashing prices and increase quotas.For the three months ended September, an average consumer on Hathway Broadband increased her consumption to 98 GB per month, or 3.2

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UFO Moviez, Qube announce merger, ratio 64:36

Two of India's top satellite-based cinema feed providers, UFO Moviez and Qube Cinema Technologies, have decided to merge to take advantage of higher scale.The merger ratio and valuation will be 63.6% for UFO and 36.4% for Qube Digital.Currently, UFO supplies its movie feeds to around 4,000 screens while Qube provides

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Post Bharti Airtel deal, Tata DoCoMo reaches out to worried subscribers

Tata DoCoMo has started reaching out to customers to prevent them from leaving the network in droves, ahead of a takeover of the mobile operations by Bharti Airtel.Subscribers of Tata DoCoMo, a brand operated by Tata Teleservices, had started porting out last month soon after newspaper reports claimed that it

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Google’s AWS rival cloud services come to India

Google has opened its first data center for third-party cloud services in India at Mumbai.This will enable developers to host their applications, websites and other IT projects within India, enabling faster response times for their customers in the country.Before this, the closest location was Singapore.Google offers various services, such as

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