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The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finlands Nokia and Swedens Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months. ....
A rise in tariff levels has become almost a certainty after Reliance Jio reported flat average revenue per user for two consecutive quarters, say analysts. ....
JPL s Q4 net profit increased by 12%. For the January-March period, JPL s consolidated net profit rose to Rs 5583 crore from Rs 4984 crore a year ago and Rs 5445 crore in the previous three months ended December, it said in a statement Monday. ....
Juniper Networks: The details of the go-forward organisation structure and processes will be finalised in the coming months. Customers can expect minimal disruption during this period of transition. ....
India s telecommunications industry is primarily dominated by Bharti Airtel and Reliance Jio, with Vodafone Idea (Vi) striving to catch up. Vi has initiated a fund infusion plan, starting with a preferential share issue to raise Rs 2,075 crore from an Aditya Birla Group entity, essential for its financial revitalization. Vi aims to raise a total of Rs 45,000 crore through a combination of equity and debt, offering a glimmer of hope for the struggling telco ....