Bharti Airtel s African venture has been a rollercoaster ride, starting with a bold move by chairman Sunil Mittal in 2008. Despite initial struggles, Airtel Africa has managed to establish a strong presence in 14 countries. Meanwhile, Mukesh Ambani s Reliance Industries is making inroads into the African telecom market with 5G infrastructure solutions. As Airtel Africa faces currency woes, the stage is set for a potential showdown between the two telecom giants.
Vodafone Idea: As per the survey, only 12% of subscribers use Vi as their primary mobile phone connection while 53% use Reliance Jio and 35% use Bharti Airtel as their primary SIMs.
Vodafone Idea plans to raise ARPU through tariff hikes post-election, but faces resistance from price-sensitive customers. BofA survey shows 42% of Vi users reluctant to accept higher prices. CEO aims at increasing rates for heavy data users. Vi seeks to upgrade 2G to 4G, double Ebitda by 2025. Vi secures funds for 4G expansion and potential 5G rollout.
Mukesh Ambani s Jio Financial Services (JFS) is set to seek shareholders approval for its leasing subsidiary to acquire telecom equipment and devices worth Rs 36,000 crore ($4.33 billion) from Reliance Retail.
Jio Leasing Services Limited (JLSL), a wholly-owned subsidiary of JFS, plans to enter the device leasing business, and the equipment will be deployed in broadband wireless connectivity and other services.