Vodafone Idea and state-owned BSNL have also favoured levying of the interconnect usage charge, currently 6 paise per minute, on every incoming calls from network of other operators
Apart from equity, Airtel will also subscribe to 83,160 CCDs of Rs 1,000 each amounting to Rs 8.31 crore
On Jio's latest allegations that rival telcos are fraudulently masking fixed-line as mobile calls, a senior Trai official said the matter will be examined just as all complaints to the authority are
Telecom results will be flagged off with Reliance Jio announcing its numbers on Friday
In a letter to Trai, it alleged the three firms have allotted mobile numbers as customer care or helpline numbers to companies such as Oyo, Justdial, and Videocon D2H
Bharti Airtel, however, hit back saying Jio is trying to misguide the regulator ahead the consultation on call connect charges
Vittal refused to comment on whether the company was planning to increase tariffs
Vice-Chairman Rakesh Bharti Mittal said litigation in the sector was also adding to its woes
In Haryana, the company was providing 3G service in 2100 Mhz band which it will now use for 4G services.
All telecom firms to remain under stress despite tariff hike
From Reliance Jio charging for calls to other networks to Airtel raising $750 million, here are the top 10 business headlines on Thursday
The proceeds shall be used for refinancing, investments in subsidiaries and general corporate purpose
Bharti Airtel said in a statement that "its wholly-owned subsidiary Network i2i Limited, has priced ... offering of $ 750 million 5.650 per cent subordinated perpetual securities"
Airtel has recommended that the terminating exchange timer should be fixed at 45 seconds and the origination exchange timer at 75 seconds
The wireless carrier is planning to sell a dollar perpetual bond -- debt with no set maturity -- as early as October 8
While Vodafone Idea continued to show negative AGR growth (-6%) and Jio (9%) remained stable
It said there was directive from the Trai on the issue and hence the firm is left with no choice but to reduce ring time
Telecom major Bharti Airtel is planning to raise funds up to USD 1 billion (about Rs 7,000 crore) via a bond issue by its subsidiary Network i2i, the proceeds of which will be used to reduce debt. "...offering of USD denominated Guaranteed Subordinated Perpetual Securities by Network i2i Limited (a direct 100 per cent subsidiary of Bharti Airtel) expected to be rated BB by both S&P and Fitch may follow, subject to market conditions," Bharti Airtel said in a regulatory filing. Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays, BNP Paribas, Citigroup, HSBC, J P Morgan and Standard Chartered Bank as joint bookrunners and joint lead managers to organise a series of fixed income investor meetings and calls across Asia, Europe and the US starting Wednesday, it added. Sources said that the fundraising is likely to be in range of USD 750 million to USD 1 billion, and the final figure will be arrived at based on the market response. The proceeds from ..
The benefits include three months Netflix subscription gift, one year Amazon Prime membership and access to premium content from ZEE5 and Airtel Xstream app
Airtel has already announced such offers for its fibre broadband