Skip to content
Search

Latest Stories

Submit Guest Post

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)

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Leonid Radvinsky

OnlyFans has grown into one of the most profitable companies in Britain, despite employing just 47 people

Leonid Radvinsky

OnlyFans made £513m in dividends for its owner before he died, here's the full picture

  • OnlyFans owner Leonid Radvinsky received dividends worth more than £513m (over $700m) before his death in March at the age of 43.
  • The company made $714m in profit before tax last year, a rise of 5 per cent from 2024, despite employing only 47 people.
  • OnlyFans has paid over $30 billion to creators since launch, according to chief executive Keily Blair.

The man behind OnlyFans was paid an extraordinary sum in dividends in the months leading up to his death from cancer earlier this year, newly published company accounts show. Fenix International Ltd, the British company that owns the streaming platform, paid its late owner Leonid Radvinsky more than £513m (around $700m) before he died in March.

According to Fenix International's annual report, the company made $714m in profit before tax last year, up 5 per cent from 2024. What makes the figure especially striking is the size of the company behind it. OnlyFans employs just 47 people, a staggeringly small workforce for a business generating that kind of profit. For comparison, Marks and Spencer, which employs more than 65,000 people, made £671m in profit last year, roughly in the same ballpark as OnlyFans despite a workforce thousands of times larger.

Keep ReadingShow less