Vodafone Invests $7 Bln in India to Challenge Mukesh Ambani
Telecom wars have heated up in India, with Vodafone investing $7.2 Bn in its India unit. This is a direct challenge to Mukesh Ambani, the richest Indian, who launched Reliance Jio earlier this month. Vodafone India's Plans. Vodafone has announced the investment ~$7.2 Bn in its India unit, to bolster its finances. Vodafone India is expected to use these funds to expand its network and bid for spectrum in an upcoming auction. This equity infusion represents India's largest FDI (Foreign Direct Investment) inflow till date. Beneficiaries of a Telecoms War. The biggest beneficiaries of a war....
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Reliance Jio is just another 4G network in just another country, but that country happens to be India. A land of one billion plus people. Jio is an offering by Mukesh Ambani of the Reliance Group, and the son of Dhirubhai Ambani, a successful businessman who is legendary in India for his rags-to-riches story. What is Jio and why does it matter? Reliance Jio is a pan-India 4G network which offers both data and voice services. Although there are many companies who offer similar services in India, there is no one who has the reach and the potential that Reliance has. Reliance Jio was the....
The use of Bitcoin may get some more fortification in India as the region’s most wealthiest man is enabling super cheap 4G to a billion Indian citizens. India’s Richest Man Gives 4G Data to a Billion People. Mukesh Ambani is one of the richest men in India. Local consumers will have the opportunity to try Ambani’s new Jio Network, allowing 4G data at....
Changpeng Zhao's net worth overtook Asia’s richest billionaire Mukesh Ambani despite Bloomberg excluding his personal crypto holdings such as BTC and the exchange’s in-house BNB tokens. Changpeng Zhao, the CEO of Binance, tops the list of richest crypto billionaires with an estimated net worth of $96 billion.According to Bloomberg CZ ranks 11th among the world’s richest people as Binance retains its position as the biggest crypto exchange in terms of trading volume.CZ, the 44-year-old crypto entrepreneur, overtook Asia’s richest billionaire Mukesh Ambani despite Bloomberg excluding his....
The historic 15 character-long SMS will be auctioned off to help the displaced refugees across the globe. British telco giant Vodafone has reportedly plans to auction the world’s first Short Message Service (SMS) in the form of a nonfungible token (NFT) on Dec. 21. The SMS, that reads “Merry Christmas”, was sent 29 years ago over the Vodafone network on Dec 3, 1992, and was received by Richard Jarvis, an employee at the time. The historic 15 character-long SMS will be auctioned off as an NFT in a one-off sale conducted by the Aguttes Auction House in France, according to Romanian news....
The Deputy Governor of the Reserve Bank of India announced the central bank's intention to set up a blockchain committee to reduce the usage of currency notes. India is one of the largest cash dependent nations in the world. A majority of people in the world’s largest democracy have the tendency to use cash for most of the transactions. This has created a challenge for the Indian central bank —The Reserve Bank of India to maintain the liquidity in the country’s monetary system. In order to ensure there are enough bank notes to go around, the premier bank is forced to print more currency....