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News on Medial
Jio tops global telecom charts with 480 million users
Economic Times
·
1d ago
Medial
Reliance Jio has become the world's largest telecom operator with over 480 million users, including 191 million on its 5G network, according to Reliance Industries’ FY25 annual report. Jio is enhancing infrastructure, software, and operations to deliver low-cost AI solutions in India. It also collaborates on the INDIAai initiative and invests in satellite communications and 6G technologies, ensuring Jio remains a future-ready telecom leader globally.
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Airtel trails Jio in net user additions, Vi loses more
Economic Times
·
1m ago
Medial
Reliance Jio outpaced Bharti Airtel in net subscriber additions in May, with Jio gaining 2.7 million new users compared to Airtel's 275,621. Vodafone Idea and BSNL saw declines, losing 274,103 and 1.35 million subscribers, respectively. Jio led in the 5G fixed-wireless access segment, despite losing 286,331 users, due to reclassification of certain users. The telecom market saw a total of 2.09 million new wireless subscribers, with Jio retaining the largest market share at 40.92%.
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Reliance Jio Continues Winning Streak, Adds 40 Lakh Wireless Subscribers In Dec 2023
Inc42
·
1y ago
Medial
According to the Telecom Regulatory Authority of India (TRAI), Reliance Jio added 3.99 million wireless subscribers in December 2023, followed by Airtel with 1.85 million additions. Meanwhile, Vodafone Idea lost over 1.36 million subscribers, while BSNL and MTNL lost 150,000 and 4,420 subscribers, respectively. Overall, Indian telcos gained 4.32 million wireless users during the month, bringing the total number of active wireless subscribers in the country to 1.15 billion. Jio maintained the highest market share at 39.69%, followed by Airtel at 32.95%.
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Bain Capital-backed 360 ONE Asset tops target for secondaries fund
VCCircle
·
5m ago
Medial
360 ONE Asset Management, backed by Bain Capital, closed its secondaries fund, exceeding its target of Rs 4,000 crore ($480 million). The final corpus reached $590 million. Secondaries funds acquire stakes from existing shareholders, offering exit options for private equity and investors. 360 ONE Asset, managing over $10 billion in assets, offers diverse investment products. Under its PE segment, it invests across company stages. Recently, the firm saw leadership change with Raghav Iyengar as CEO.
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Government decides not to intervene in Airtel, Reliance Jio tariff hike, the first in 3 years
Livemint
·
1y ago
Medial
The Indian government and telecom regulator have decided not to intervene in the recent price hikes by telecom companies. Telecom tariffs in India are among the lowest globally, and authorities believe there is enough competition in the sector, stating that the situation is not critical. Reliance Jio and Airtel have implemented price increases across various data packs starting July 3, affecting both prepaid and postpaid users. This includes adjustments to their monthly, quarterly, and annual plans. Airtel and Jio have revised their prepaid plans to strike a balance between affordability and improved service offerings.
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Reliance Jio on path to become dominant Fixed Wireless Access player globally: Analysts
Economic Times
·
1m ago
Medial
Reliance Jio is set to become the world's largest Fixed Wireless Access (FWA) provider, surpassing T-Mobile in subscriber base, according to analysts. As of May, Jio held 6.88 million FWA subscribers, compared to T-Mobile's 6.85 million in March. Jio dominates the Indian broadband market with a 50.72% share and continues to expand its footprint, adding significantly to its subscriber base alongside Bharti Airtel in the growing Indian telecom sector.
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Jio is world's largest mobile data company; filed 350 patents for 5G, 6G tech: Ambani
YourStory
·
11m ago
Medial
India has emerged as the largest data market globally, with Jio becoming the world's biggest mobile data company, according to Reliance Industries Chairman, Mukesh Ambani. With 490 million customers, Jio's users consume an average of over 30 GB of data per month. Jio now carries almost 8% of global mobile traffic, surpassing major global operators, and has filed 350 patents for 5G and 6G technology. In just eight years, Jio has achieved the status of the world's largest mobile data company.
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Jio vs Airtel vs Vodafone: How much should you pay now after the hike in tariffs
Livemint
·
1y ago
Medial
Major telecom operators in India, Reliance Jio, Bharti Airtel, and Vodafone Idea, have increased their tariffs starting from July 3rd. This will impact both prepaid and postpaid users. The price hike affects various plans, with revised tariffs and benefits for different durations. The operators will continue to offer monthly, quarterly, and annual plans. The move comes as these telecom giants aim to improve their profitability in the highly competitive Indian telecom market.
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Jio, Airtel, Vi record customer loss post tariff hike, BSNL becomes only gainer in July
Money Control
·
10m ago
Medial
In July, state-run BSNL emerged as the only player to gain new subscribers and lead the market in terms of net customer addition in India's telecom sector. Other major players, including Reliance Jio, Bharti Airtel, and Vodafone Idea, reported a decline in customer base due to a tariff hike. BSNL added over 2.94 million mobile subscribers in July, while Airtel lost 1.69 million subscribers, Vodafone Idea lost 1.41 million, and Reliance Jio lost 758,000 subscribers. Overall, the telecom subscriber base slightly decreased to 1,205.17 million in July.
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Reliance Jio introduces new ’true unlimited upgrade’ add-on plans amid customer backlash over tariff hikes | Mint
Livemint
·
1y ago
Medial
Reliance Jio has introduced three new "True Unlimited Upgrade" add-on plans in response to customer dissatisfaction over recent tariff hikes. These plans provide unlimited 5G connectivity but only for users with 5G-compatible devices connected to the Jio True 5G network. The new add-on plans come after popular prepaid plans were scrapped, causing complaints. Only users with plans offering 2GB of data per day or more will be eligible for unlimited 5G data, while plans with 1.5GB data per day or less will have data limits. The recent tariff hike by Reliance Jio and other telecom providers has led to price increases up to 25% on all prepaid, postpaid, and data plans.
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Jio launches JioBharat V3 and V4, budget-friendly 4G mobiles in India at ₹1099
Livemint
·
9m ago
Medial
Indian telecom company Jio has unveiled its newest 4G feature phones, the JioBharat V3 and V4, at the Indian Mobile Congress (IMC) 2024. These affordable devices aim to provide 4G connectivity to the millions of 2G users in India. Starting at Rs. 1,099, the JioBharat V3 and V4 offer a prepaid plan starting at Rs. 123 per month, including unlimited voice calling and 14GB of data. The phones also come with Jio's suite of services, such as JioTV, Jio Cinema, JioChat, and JioPay, making them a comprehensive and affordable option for users.
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