Investors starting to understand Mukesh Ambani’s telecom game – Angel Broking

Investors are only now starting to realize the plan that Mukesh Ambani and his telecom brainchild, Reliance Jio, have put into practice, and are therefore driving stock prices of his company higher, said Angel Broking, a retail-only stock-broker. Reliance Industries share prices surged 11% on Wednesday, the first time it has moved so much in the last eight years. “What shareholders are beginning to appreciate is that notwithstanding the low prices, there is a methodical move towards return on investment,” the broker said. POOR RETURNS Reliance Industries’ stock had been…

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Spectranet Broadband enters Bangalore, 50 Mbps unlimited at Rs 1,350

Spectranet, one of India’s oldest internet service providers, has entered Bangalore, its first market in South India, with aggressively priced broadband plans. The company, which started in Delhi more than a decade ago, is offering ‘truly unlimited’ 50 Mbps plan for Rs 1,349 per month. Including taxes, however, the monthly bill will come to around Rs 1,600. For 100 Mbps, charges are Rs 1,849 per month. In comparison, established player You Broadband offers only a 10 Mbps connection at about Rs 1,900 per month, according to its website. Moreover, You Broadband has…

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Reliance Jio’s 303 4G plan will hit Bharti Airtel, Idea Cellular – Credit Suisse

Reliance Jio’s new 303 4G data and voice plan will hit revenue and profits at rivals like Bharti Airtel and Idea Cellular, financial services firm Credit Suisse warned, dismissing optimistic interpretations of yesterday’s development. On Tuesday, Jio Chairman Mukesh Ambani announced that his company will make available a new plan that offers 1 GB of 4G data per day and unlimited voice calls for Rs 303 per month. None of the rivals have a daily-limit plan as of now, and the 303 scheme is equivalent to offering about 13 GB…

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BSNL turns net gainer in MNP, to launch 4G at year-end

Bharat Sanchar Nigam Ltd, the publicly owned telecom operator, is now ‘MNP positive’, its chairman and managing director Anupam Shrivastava said, without giving details. “BSNL’s MNP ratio is positive,” Shrivastava said at a customer interaction event today. It is not clear whether the executive was talking about all-time figures or monthly or yearly numbers. In the first eight months of 2011, for example, BSNL had a net loss of 2.6 lakh customers via mobile number portability or MNP. MNP was started in 2011. Over the next five years, the total…

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Bharti Airtel likely to counter Reliance Jio’s 303 plan shortly

Bharti Airtel, India’s largest telecom company, is likely to match Reliance Jio’s one-year promotional 4G tariff of Rs 303 per month, according to industry and analyst sources. “They have been maintaining that they will match once Jio starts charging for customers,” said a stock analyst based in Mumbai. “That time has come. If they don’t match it, they’re going to be priced out.” At present, the cheapest tariff from Airtel is 6 GB for Rs 147, but that is given only to its ‘at risk’ customers. The company identifies customers…

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Reliance Jio to offer 30 GB, unlimited calls for Rs 303/month from April

Mukesh Ambani, chairman of Reliance Jio, confirmed what many feared — the end of free 4G data will get over on March 31, but also announced a new program called ‘Jio Prime’, under which subscribers can get 1 GB per day at Rs 303 per month. They also have to pay a one-time cost of Rs 99 to be eligible for the offer. Besides getting 1 GB per day, people who recharge with Rs 303 every month will also get unlimited data usage between 2 AM and 5 AM, as…

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WATCH LIVE: Mukesh Ambani’s speech on Reliance Jio reaching 100 mln users

Mukesh Ambani, chairman of Reliance Jio Infocomm will be giving an update on the performance of India’s largest data services provider at 1:30 PM today. You can watch the live broadcast of Mukesh Ambani’s speech below. HIGHLIGHTS OF HIS SPEECH Last month, Jio users consumed over 100 cr GB of data India is No. 1 in the world in mobile data usage Will double the data capacity ‘in coming months’ By 2017-end, 99% of the population will be covered He is widely expected to announce that his company has crossed…

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Mukesh Ambani to announce 100 mln Reliance Jio customers today?

Mukesh Ambani, chairman of Reliance Jio Infocomm, will make a statement today, 21 February, at 1:30 PM. The statement will be streamed via Youtube and other channels. The link to the live stream will be shared by around 12 PM. Though the company has no revealed what the subject of the announcement will be, it is expected that the Ambani will announce that the company has crossed the 100 mln subscriber mark. Jio, which started signing up customers in September, had crossed the 72 mln mark in December and has been…

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Reliance Jio added 2 cr subscribers in Dec, Andhra Pradesh leads

Reliance Jio, the new 4G operator, has the highest number of subscribers in Andhra Pradesh, followed by Gujarat and Delhi. The company added 20 mln (2 cr) new users in December, its highest ever tally for a single month. The previous record was held by October, when it added 19.63 mln users. In December, the 4G player added 20.28 mln subscribers. The company accounted for 73% of the total subscriber additions in the month. The highest number of users for the operator was in Andhra Pradesh telecom circle, which also includes…

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BSNL doubles data on 11 existing 3G plans to take on Reliance Jio

BSNL, the public-owned telecom services provider, has increased the data allowance of more of its 3G plans, days after announcing two new tariff plans. Last week, the company has increased the allocation on two of its popular recharges by double or more. The Rs 78 pack, which used to provide 1 GB of data for 5 days, was tweaked to give 2 GB and the Rs 291 plan, which used to provide 2 GB per month, would not provide 8 GB. Now, BSNL has revealed some more 3G plans with…

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Idea Cellular posts first-ever loss due to Reliance Jio impact

Idea Cellular reported a loss of Rs 479 cr for the October-December quarter, hit by Reliance Jio’s free offerings, the first loss in last 40 quarters since its IPO in 2007. “The Indian mobile industry witnessed an unprecedented disruption in the quarter of Octoberto December 2016, primarily due to free voice & mobile data promotions by the new entrant in the sector.. As a result of this current industry upheaval, the standalonelcea revenue dropped to an unforeseen level at Rs. 86,627 million, a decline of 6.9% on sequential quarterly basis…

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Reliance Jio carries 80% of traffic on next-gen Internet technology

Reliance Jio, the new entrant to India’s telecom landscape, is carrying nearly 80% of its traffic in the next-generation Internet technology, a senior official of the company said. Internet Protocol or IP is one of the languages used by machines to talk to each other. All machines on the Internet use this language to ‘talk’ to each other. The most prevalent version of internet protocol in use today is version 4, also known as IP version 4 or IPv4. This was designed in 1981, when the Internet was still in…

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Reliance Jio is carrying 94% of India’s mobile data, Airtel 2% – Report

Incumbents like Bharti Airtel, Vodafone and Idea Cellular are far behind newcomer Reliance Jio in terms of both data coverage and 4G coverage, a report by financial services company Credit Suisse said. “Among the cities we surveyed, Airtel/Vodafone/Idea had good coverage in 10–30% of the cities, while Jio fared well in 80% of cities,” Credit Suisse said. Data coverage includes 2G, 3G and 4G, while 4G coverage refers to LTE only. According to the report, compiled on the basis of multiple secondary sources in India and abroad, studied 3G and…

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Facebook biggest beneficiary of Reliance Jio free data

It’s common knowledge that Reliance Jio’s free data service has massively increased Internet usage in India, but a new report throws light on what categories have been benefited and which have not. The biggest beneficiary of the free data offer from Reliance Jio is — yes, you guessed it right — social media, which technically means Facebook for most people in India. According to a study by Smartapp, there has been an increase of 467% in usage of social media apps due to Jio’s preview services, now in their fifth…

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Reliance Jio’s 1000-rupee phone likely to work only on its 4G network; feature

The market is abuzz with rumors of the impending launch of a 1000-rupee ‘feature phone’ by Reliance Jio, but comments by Airtel CEO Gopal Vittal suggests that the Mukesh Ambani firm will not be able to launch such a phone without providing a big subsidies. However, doing so would in turn require locking the device to the operator’s network. A VoLTE-enabled feature phone would help RJio tap three untapped markets — people who can’t afford to or don’t want to spend Rs 3,000 on a smartphone, people who want a…

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Bharti Airtel loses 8 mln data users, now behind Reliance Jio

Bharti Airtel, India’s largest telecom company, reported a loss of around 7.7 mln data users in the three months between October and December, due to the free services offered by Reliance Jio. Jio, on its part, had picked up around 50 mln free data and voice users on its nationwide 4G network by the end of December. With this, the total number of data users on Bharti Airtel is at 54.9 mln, compared to about 75 mln on Reliance Jio. Of these 55 mln users on Airtel, only 37.7 mln…

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Bharti Airtel’s quarterly results hit hard by Reliance Jio

Bharti Airtel, India’s largest telecom company, reported disappointing results for the third quarter due to the impact of Reliance Jio’s 4G offering. The company reported net profit of 504 cr, which is about half of the consensus estimate on the Street. The revenue was 23,364 cr, which was also below average estimate of 24,000 cr. Operating margin was around 36%, largely in line with analyst estimates. The consolidated revenues for the quarter was at Rs 23,336 crore, flat on a year on year basis when adjusted for Africa divested operating…

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Reliance Jio NOT TO EXTEND free data offer after March

Reliance Jio will not be extending its Happy New Year free data offer beyond March 31, according to our sources in the company. The clarification comes in the wake dozens of reports claiming that it will extend the free scheme beyond the March 31 deadline into June. “There is zero chance of that happening,” said a senior official in the company’s sales team. HISTORY REPEATS In November and December, there were a similar number of articles that claimed that it would extend the Welcome Offer by three months from December to…

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Idea Cellular – Vodafone merger announcement soon?

Idea Cellular has put off the trimonthly meeting of its board of directors scheduled to take place tomorrow, raising speculation that it may soon announce a merger or deal with Vodafone India. The meeting was supposed to take on-board results  of the telecom operators’ working the three months from October to December. After the meeting, Idea was scheduled to release its quarterly financial results on Monday as well. Both have now been postponed indefinitely, and the new date is yet to be intimated. This has led to massive speculation that the…

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Reliance Jio now allowing unlimited night downloads under Happy New Year plan

Reliance Jio is now allowing its users to download an unlimited quantum of data at night under its Happy New Year offer. This is different from the earlier practice of allowing users to consume only 4GB of data per 24 hours. With this new feature, subscribers can download or consume 30 GB or 40 GB or even more data between 2 am and 5 am without affecting their download speeds. This is a feature, not a bug, in the Happy New Year tariff plan, and is likely to be available…

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