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India begins 5G and 5Gi trial runs with Samsung, ignoring Chinese OEMs

Embassy spokesperson regrets India s denial of Chinese telecom companies to conduct 5G trials - World News

2021-05-05 16:36:04 GMT2021-05-06 00:36:04(Beijing Time) Xinhua English NEW DELHI, May 5 (Xinhua) A spokesperson of the Chinese Embassy in India on Wednesday expressed concern and regret that Chinese telecommunications companies have not been permitted to conduct 5G trials with Indian telecom service providers. In response to a media query on a notification issued Tuesday by India s Department of Telecommunications, Counselor Wang Xiaojian said We noted relevant notification, and express concern and regret that Chinese telecommunications companies have not been permitted to conduct 5G trials with Indian telecom service providers in India. The spokesperson said relevant Chinese companies have been operating in India for years, providing mass job opportunities and making contributions to India s infrastructure construction in telecommunications.

Jio Signs Agreement With Airtel To Buy Spectrum Worth Rs 1,497 Crore in Delhi, Mumbai, Andhra Pradesh

Jio Signs Agreement With Airtel To Buy Spectrum Worth Rs 1,497 Crore in Delhi, Mumbai, Andhra Pradesh by Bhaswati Guha Majumder - Apr 7, 2021 10:11 AM Reliance chief Mukesh Ambani. Reliance Jio Infocom (Jio) on 6 April said that it had signed a definitive agreement with Bharti Airtel to acquire the right to use spectrum in the 800-MHz band in three circles through spectrum trading. The transferred spectrum includes those in Delhi (1.2 MHz), Mumbai (2.50 MHz) and Andhra Pradesh (3.75 MHz). Jio said in a statement: “The aggregate value for the right to use this spectrum is Rs 1,497 crore, inclusive of the present value of associated deferred payment liability of Rs 459 crore, subject to any transaction-related adjustments.”

Fitch Affirms Bharti Airtel at BBB- ; Outlook Negative

Fitch Ratings has affirmed India-based Bharti Airtel Limited’s (Bharti) Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-‘. The Outlook on the IDR is Negative. The agency has also affirmed Bharti Airtel International (Netherlands) B.V.’s senior unsecured guaranteed bonds at ‘BBB-‘ and Network i2i Limited’s subordinated perpetual bond at ‘BB’. Network i2i’s subordinated perpetual note is rated two notches below Bharti’s IDR. This reflects the notes’ deeply subordinated nature, ranking junior to all existing and future debt obligations and senior only to Bharti’s ordinary shares. This approach is in accordance with Fitch’s Corporate Hybrids Treatment and Notching Criteria.

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