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Top 10 stories of the week: May 22nd to May 28th 2017

In no particular order, here are MediaNama’s top 10 stories of the week ended 28th May 2017

MediaNama would like to thank its sponsors: E2E for their support.

Airtel saved “several hundreds of crores” through fiber sharing: MD & CEO (India) Gopal Vittal

DoT’s directive which allow telcos and ISPs to share active network infrastructure (BTS boxes, fiber, feeder cables, etc) seems to have helped boost Airtel’s fiber broadband reach. During a recent analyst call, the company’s MD & CEO (India) Gopal Vittal said that the new DoT policy allowed it to come up with multiple fiber sharing arrangements with “most” of its competitors. Read it here

MakeMyTrip has 7 million monthly active users on mobile; revenue up 36.4%

Online travel agent MakeMyTrip says that it has more than 7 million monthly active users (MAUs) for its mobile apps and more than 33.5 million cumulative app downloads at the end of December 2016. The company takes into account apps installed on Android, iPhone and Windows Phone platforms. Read it here

On the Paytm Payments Bank launch: online vs offline, transaction fees, KYC and more

Paytm’s land-grab of customers in the payments space continues with the launch of its payments bank, and it is making a conscious effort to get customers to make a switch to the Paytm Payments Bank, over other banks. Paytm recently got approval to launch its Payments Bank, with Renu Satti as its CEO; its CEO-designate Shinjini Kumar had resigned from Paytm Payments Bank’s board of directors on the 9th of February 2017. Read it here

Idea will spend Rs 6000Cr to expand broadband infra: MD Himanshu Kapania

Idea Cellular will focus on building more wireless broadband infrastructure, and bandwidth to keep up with competition and growing demand for 4G data among users. The company’s MD and Director Himanshu Kapania said during a recent analyst call that the company will “start active infrastructure sharing in the new financial year with top 2 to 3 incumbent operators to further expand its services. Read it here

Telegram bots will now allow payments for goods and services

Messenger application Telegram will now allow payments through its bots. The company said that bot developers can accept payments from their users around the world. Users will need to have Telegram version 4.0 (or newer) installed to pay for goods and services. Read it here

Idea seeing large number of users returning with dual Jio SIM: MD Himanshu Kapania

During a recent analyst call, Idea Cellular’s MD & Director Himanshu Kapania said that a “large number of users” that opted to own a second Jio SIM are returning back to it to use voice and data services. “So the present — the 4G operator (Jio) has started to charge for their services, and there is equilibrium that is getting established…We are able to take certain premium because the voice quality that we offer…is better because of its fallback available on 3G and 2G. Read it here

Zee plans to do online original content: Digital First and Digital Exclusive

Less than a year after Zee Entertainment CEO & MD Punit Goenka told MediaNama that the company would look at original content for Ditto TV “once the market develops and critical mass is available”, the company is now looking to do original content. At that time, Goenka had said that Netflix’s original shows “brought them marketing hype, but the actual consumption on Netflix is for content produced by broadcasters, who create hundreds and thousands of content a year, not just a few series,” and “the actual consumption in terms of number of hours still belongs to the traditional creators of content.” Read it here

NASDAQ listed Ebix acquires 80% in Itz Cash for $120 million

NASDAQ listed Ebix has acquired 80% stake in ItzCash for Rs 800 crore ($120 million) from US-based, giving investors Matrix Venture Partners, Intel Capital, and Lightspeed Venture Partners exits. The Essel Group (Zee) will continue to hold 20% in the company. Read it here

AI & IoT focused venture capital firm pi Ventures secures $3M from IFC

International Finance Corporation (IFC), the investing arm of the World Bank Group, will invest $3 million into pi Ventures, an AI and IoT-focused early stage venture fund. This is the firm’s second fund addition in this year; it had secured $13 million from a group of angel investors and HNIs. Note that the $13m fund is the first tranche of a total $30 million fund, which the company claims to close within a year. Read it here

5 Charts on Airtel from Q4-FY17: Mobile Internet usage moves elsewhere

Airtel’s active mobile Internet connection base increased but revenues declined consecutively, in Q4-FY17, as the company reeled under the impact of Reliance Jio’s “Welcome offer”, or as Airtel called it, a “Slowdown in Mobile revenue growth primarily due to free voice and data offering by a new operator”. Mobile Internet revenues declined 11% to Rs 2743.7 crore from Rs 3092.7 crore the previous quarter, and 18% year on year. Read it here

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ