In no particular order, here are MediaNama’s top 10 stories of the week ended 13th August 2017

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Airtel has no intention to get into subsidizing devices: CEO Gopal Vittal On JioPhone launch

“We do not brand handsets on our own. We do not subsidize. We do not manage the inventories. We work with different device players to bundle,” Gopal Vittal, MD and CEO of Airtel India said when asked about JioPhone’s launch during a recent analyst call. Read it here

Softbank Korea-backed True Balance gets a wallet licence in India

True Balance, operated by Balancehero India Private Limited, has got a wallet licence from the Reserve Bank of India (RBI). The wallet was issued to Balancehero on 18 July 2017 and is valid up to 30 September 2019. Read it here

Koovs is looking to raise £18.9 million; operational numbers

Online fashion retailer Koovs said that it is looking to raise £18.9 million through convertible loan notes. Read it here

Airtel has no intention to get into subsidizing devices: CEO Gopal Vittal On JioPhone launch

“We do not brand handsets on our own. We do not subsidize. We do not manage the inventories. We work with different device players to bundle,” Gopal Vittal, MD and CEO of Airtel India said when asked about JioPhone’s launch during a recent analyst call. Read it here

Softbank Korea-backed True Balance gets a wallet licence in India

True Balance, operated by Balancehero India Private Limited, has got a wallet licence from the Reserve Bank of India (RBI). The wallet was issued to Balancehero on 18 July 2017 and is valid up to 30 September 2019. Read it here

TRAI consultation on data protection: personal data usage, sandbox, data localisation & more

The Indian Telecom regulator TRAI has issued a consultation paper on data protection, even as the Ministry of Electronics and IT has set up its own committee. Going through the paper, there appears to be little correlation between the title of the paper and the content of the paper. Read it here

“4G and 2G networks will coexist, but 3G will shut down faster”: Airtel India CEO

“India will get to a situation where 4G and 2G networks will coexist for a while. 3G will probably shut down faster,” Airtel India CEO Gopal Vittal said in response to question whether 3G would be completely phased out in India. Read it here

Flipkart raises $2.5 billion from SoftBank’s Vision Fund

Shortly after merger talks with Snapdeal collapsed, Flipkart has raised investment from SoftBank’s $100 billion Vision Fund. The Economic Times pegs the deal at $2.5-2.6 billion investment which will make the Vision Fund one of the biggest shareholders in the company. Read it here

ALT Balaji gross billings at ₹2Cr; Our estimates of ARPU, subscribers

During the quarter ended June 2017 (Q1 FY18), Balaji Telefilm’s video streaming app ALT Balaji received 4.2 million downloads, up from 2 million downloads in the last quarter.

The company added that it made Rs 2 crore in gross billing during the quarter, via free to paid conversion of ALT Balaji users. Read it here

Election Commission wants to link Aadhaar details to voter rolls … again

The Election Commission wants to link Aadhaar details of persons to the voter electoral database again and has petitioned the Supreme Court to allow it. The Election Commission had filed an application with the Supreme Court on July 4, 2017, for the same. Read it here