Skip to content
Search
Please enter at least 3 characters.

Latest Stories

India's Vodafone Idea Not In Favour Of 5G Spectrum Auction Before 2020

INDIA'S largest telecom operator Vodafone Idea Ltd said today (20) that the auction of 5G spectrum should not be held before 2020 as the industry needs time to develop India-specific use cases for the next-generation technology.

Vodafone Idea chief technology officer Vishant Vora told reporters that the full integration of the two telecom networks (Vodafone and Idea) post the mega merger last year is "on track" and expected to be completed by June 2020.


On the globally contentious issue of use of communications equipment of Chinese vendors, Vora said that the Indian government has not taken a position on such deployments, and asserted that the company will comply with the rules of the country.

"Within Indian context, the government has not taken a position unlike some other countries...Australia, New Zealand, and the US...have taken a clear position...Of course, we will follow whatever the Indian government decides and we will work with the government to ensure that India's strategic needs and security are fully looked after," he said.

Last year, Idea and Vodafone completed the merger of their India operations to create the country's largest telecom operator to take on competition from rivals Reliance Jio and Bharti Airtel.

British telecom major Vodafone holds 45.1 stake in the combined entity, while Kumar Mangalam Birla-led Aditya Birla Group controls 26 per cent and Idea shareholders own 28.9 per cent.

(PTI)

More For You

UK economy contracts unexpectedly in January

Chancellor Rachel Reeves speaks while holding roundtable discussion during a visit to RAF Waddington in eastern England. (Photo by YUI MOK/POOL/AFP via Getty Images)

UK economy contracts unexpectedly in January

BRITAIN's economy unexpectedly shrank in January, official data showed on Friday (14), piling more pressure on the Labour government ahead of its Spring Statement on the economy.

Gross domestic product contracted 0.1 per cent in the month after GDP rose 0.4 per cent in December, the Office for National Statistics (ONS) said in a statement.

Keep ReadingShow less
Pakistan seeks £3.4bn bank loan to tackle mounting energy sector debt

Pakistan’s government is the largest shareholder or owner of most power companies

Pakistan seeks £3.4bn bank loan to tackle mounting energy sector debt

Eastern Eye

PAKISTAN government is negotiating a 1.25 trillion Pakistani rupee (£3.4 billion) loan with commercial banks to reduce its bulging energy sector debt, the power minister and banking association said.

Plugging unresolved debt across the sector is a top priority under an ongoing $7bn (£5.4bn) International Monetary Fund (IMF) bailout, which has helped Pakistan dig its way out of an economic crisis.

Keep ReadingShow less
Deliveroo posts first annual profit after 12 years

A Deliveroo rider near Victoria station in London, England. (Photo by Dan Kitwood/Getty Images)

Deliveroo posts first annual profit after 12 years

FOOD DELIVERY app Deliveroo announced on Thursday (13) its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

The milestone follows sizeable full-year losses owing to high investment costs since American Will Shu founded the company in 2013 and made Deliveroo's first delivery in London.

Keep ReadingShow less
JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less