Jio takes brunt of TRAI service quality penalties
Reliance Jio was reportedly hardest hit by a series of fines issued by the Telecom Regulatory Authority of India (TRAI) to several leading operators for failing to meet agreed service quality levels. The newcomer was fined INR3.
Idea Cellular set for funding drive ahead of merger
Idea Cellular announced it will raise INR67. 5 billion ($1. 06 billion) to strengthen its contribution to the balance sheet of its merged venture with Vodafone, ahead of an expected completion in H1 2018.
Telenor India nears deal for Videocon’s 4G spectrum – sources
Telenor India reportedly is close to finalising a deal to acquire 4G spectrum in two regions for INR35 billion ($527 million) from Videocon Telecom, a smaller player under pressure due to its large debt.
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