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Google Pixel 7 vs Xiaomi 12: Specs Comparison

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Google Pixel 7 vs Xiaomi 12

Market doesn’t have too many options when we want to talk about compact flagship devices. Since Apple let go of its iPhone mini variant, the dearth of compact smartphones with premium features on store shelves has become even more evident. Look around and there are only a couple of options that offer up-to-date smartphone specifications in a compact body.

The latest to join this small size parade is probably Google Pixel 7, a device that comes in compact dimensions, sports amazing premium features and is available at a comfortable price range. The only device that can give competition to this would arguably be Xiaomi 12 which has also managed to carve a niche in the compact smartphone segment.

Google Pixel 7 has a very original design with a rarely seen horizontal camera module. The handset looks premium with great built quality. Xiaomi 12 too has a good design with a Gorilla Glass 5 back making it look extra stylish. If we look at the display, Xiaomi 12 seems to be winning the round with slightly superior display features. The handset has an AMOLED panel with a diagonal of 6.28 inches screen size, an FHD+ resolution, a 120 Hz refresh rate, Dolby Vision support, HDR10+ certification, and an in-display fingerprint scanner. Google Pixel 7, on the other hand, also has an AMOLED display with a diagonal of 6.3 inches, an FHD+ resolution, a 90 Hz refresh rate, HDR10+ certification, and an in-display fingerprint reader. While Google Pixel 7 price in the market currently is around Rs 59,999, Xiaomi 12 price is relatively competitive with its market price of Rs 43,490.

Let’s do a quick comparison between the two to understand where these smartphones stand in terms of specifications.   

Google Pixel 7 vs Xiaomi 12

Parameters Google Pixel 7 Xiaomi 12
Dimensions and Weight 155.6 x 73.2 x 8.7 mm,

197 g

 

 152.7 x 69.9 x 8.2 mm,

179 g

 
Display 6.3 inches, 1080 x 2400 pixels (Full HD+), AMOLED 6.28 inches, 1080 x 2400p (Full HD+), AMOLED
Processor Google Tensor G2, octa-core 2.85 GHz Qualcomm Snapdragon 8 Gen 1, octa-core 3 GHz
Memory 8 GB RAM, 128 GB – 8 GB RAM, 256 GB 8 GB RAM, 128 GB – 8 GB RAM, 256 GB – 12 GB RAM, 256 GB
Software Android 13 Android 12, MIUI
Connectivity Wi-Fi 802.11 a/b/g/n/ac/6e, Bluetooth 5.2, GPS Wi-Fi 802.11 a/b/g/n/ac/ax, Bluetooth 5.2, GPS
Camera Dual 50 + 12 MP, f/1.9 + f/2.2

Single 10.8 MP f/2.2

 Triple 50 + 13 + 5 MP scanner, f/1.9 + f/2.4 + f/2.4

32 MP f/2.5
Battery 4355 mAh, Fast charging 30W, and Qi fast wireless charging 20W 4500 mAh, fast charging 67W and fast wireless charging 50W
Additional Features 5G, dual SIM, IP68 waterproof, reverse wireless charging 5G, dual SIM, reverse wireless charging
Sensor Accelerometer, Gyro, Proximity, Compass, Barometer, Magnetometer, Ambient light sensor Proximity, Ambient Light Sensor, Accelerometer, Gyroscope, Electric Compass, Hall Sensor, X-axis Linear Motor, Grip Sensor, Barometer, Rear Light Sensor, Flicker Sensor, Multi-dot Laser Focus Sensor

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ChromeOS 107 Update Goes Live with Save Desk for Later

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Team My Mobile
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Google Chrome

Google Chrome, without debate, is one of the most common browsers used around the globe. The company comes up with silent updates almost every other week but sometimes we get an incremental update. ChromeOS 107, which can confuse a lot of users since ChromeOS 106 was just released, is here. Let’s find out more about it.

ChromeOS 107 has been made live recently with a handful of updated features and improvements. Tech giant Google has released the latest update with a “Save Desk for Later” feature to provide a better user experience. Users can also look forward to virtual desk enhancements, camera framing, a locking lid feature without turning sleep mode on and much more.

According to a report by 9to5Google, the new ChromeOS 107 update is introducing two desk improvements. The report says, “The first one will allow users to quickly “Save desk for later” from the overview screen using the button above the left-most window. Upon clicking, the user will be redirected to the “Saved for later” screen, which can be accessed from the right of the “New desk” screen.” Any user updating to the new ChromeOS 107 update will now be able to see a row of favicons open. Users can also assign a name to these favicons and check the creation data. The report also added that when tapped on these favicons, the desk will automatically launch and restore itself.

The new update also makes it easier for users to close the open desks. This can now be done from the Overview menu. There will also be an “Undo” option for situations when the desk gets closed accidentally. This “Undo” button can be found at the bottom of the screen.

ChromeOS 107

As per reports surfacing on various tech blogs, Google may be currently testing a merge feature which will allow users to combine different open desks if and when needed.  Many reviewers have also claimed that the “Recent” view in the Files app has been revamped with a completely new “Documents” filter. Moreover, the list below this tap is not sorted by time period. If true, this will make navigation a lot easier as compared to the previous interface. In another convenient feature, users can now long press the virtual keyboard in order to access the “accent letters”.

Moreover, Chrome OS 107 will further let users perform a similar function by holding down the physical keys on the keyboard. The 9to5Google reports further suggest, if this functionality doesn’t work for some reason, users, in that case, might have to enable it manually.

Google has been consistently committed to technological improvements, be it its tech products or the smart devices they offer. They also provide proper updates to their software from time to time in an effort to meet all user expectations. The story with ChromeOS has been no different and yet many users over the period of time have experienced disappointment regardings their silent releases. However, this time, it seems Google has planned some improvements in their latest ChromeOS update. ChromeOS 107 is developed to fix many user engagement issues and provide a better experience.

iQOO 11 appears in IMEI database

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iQOO 11

iQOO mostly likely will introduce the iQOO 11 series smartphone in China by the end of 2023. The flagship lineup of the brand is expected to include two handset models, iQOO 11 and iQOO 11 Pro. The company is also believed to be rebranding the iQOO 11 model smartphone exclusively for the Indian market as iQOO 10. This will be the company’s entry level device with optimum specifications and competitive pricing. The model number of the Indian version of iQOO 11 has appeared on the database of IMEI, which has suddenly peaked market interest in the handsets.

The expected model numbers of both devices have already been around with various reports calling to know the model numbers. Various media reports based on the inputs from online tipsters, it was speculated earlier in October that the brand is planning on launching the iQOO 11 and iQOO 11 Pro under the model numbers V2243A and V2254A, respectively. As for the Indian version of the same smartphones, the leaked reports revealed model numbers I2209 and I2212 for both options. It is also being speculated that for its India version the vanilla iQOO mostly likely be getting a revamp to iQOO 10.

The speculation around the handsets has suddenly skyrocketed with multiple reports around its official launch in a foreign land. However, the appearance of I2209 model on IMEI database has now almost confirmed the launch. The smartphone now seems to be coming to India under a different marketing name.

iQOO 11

According to rumours of another report surfacing in all the online buzz, is that the smartphone will be launched under the iQOO 10 moniker in India and not as iQOO 11. This basically means that the Chinese iQOO 11 will most likely be called the iQOO 10 in India.

iQOO earlier this year launched its iQOO 9 series smartphones in three variants, which were the iQOO 9 SE, iQOO 9, and iQOO 9 Pro. Under the same series, the brand later in August announced the launch of iQOO 9T in India. iQOO 9T is a premium device powered by the Snapdragon 8+ Gen 1. And if readers of this segment are not aware, the iQOO 9T was basically a rebadged version of the iQOO 10 that was earlier launched in China.

If rumours mill is to be believed, the iQOO 10 is said to sport a 6.78-inch Samsung E6 AMOLED panel with a full high definition resolution along with a 144 Hz screen refresh rate. It is also expected to have decent camera functionality with a 16 MP front facing camera along with a triple rear camera setup. The triple rear camera setup will include a 50 MP primary sensor, a 13 MP ultra wide shooter, and a 12 MP telephoto lens. The smartphone will most likely be powered by the Snapdragon 8 Gen 2 S oC processor and run on Android 13 with the OriginOS UI for optimum performance. The iQOO 10 is also anticipated to pack good storage with up to 12 GB of RAM and up to 512 GB of internal storage. It might come with a 5,000 mAh battery unit along with 120W fast charging support.

Related Articles: 

iQOO 11 Series Model Numbers Leaked; Speculates Launch in India

iQOO 11 Pro Key Specifications Tipped, Said to Get Qualcomm Snapdragon 8 Gen 2 SoC, 200W Charging

Jio Rival Bharti Airtel Recored 89% Up In Q2 Profit; Check Out More Details Here

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Team My Mobile
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Bharti Airtel

Bharti Airtel, the second-largest telecom provider in India, announced on Monday that its consolidated net profit for the second quarter ended September 2022 increased by 89 percent year over year to Rs. 2,145 crore due to higher average realisation per subscriber. In the recently completed quarter, total sales increased 22% year over year to Rs. 34,527 crores, according to a statement.

The CEO’s Citation Over The Success

Gopal Vittal, the CEO of Airtel, announced that 5G is now being pushed out and exuded assurance that Airtel 5G Plus will offer the finest experience in India.

“At the same time, because our Business offers the lowest prices in the world, we continue to be concerned about the low ROCE (Return on Capital Employed) that it generates. We believe there is a need for rate correction given the significant investments necessary to foster digital adoption in India “said Vittal.

According to an Airtel statement, the average revenue per user (ARPU) for the quarter increased to Rs. 190 from Rs. 153 in Q2 FY22 due to the company’s “continued focus on quality consumers, feature phone to smartphone upgradation, and data monetization.”

Quarterly Results From Reliance Jio

Airtel 5G Launch

Reliance Jio, the largest telecom provider in India, released its quarterly results a few days ago. It shared an increase in net profit of 28% year over year to Rs. 4,518 crores for the September quarter. In addition, reliance Jio’s (RJIL) operating revenue increased 20.2 percent to Rs. 22,521 crores for the just-ended quarter from Rs. 18,735 crores in the same quarter last year.

The company is prepared to finish the 5G rollout by December 2023. It claimed that implementing 5G would speed up data growth and significantly improve subscriber mix and per capita metrics. During the quarter under review, Jio Platforms’ net profit climbed by nearly 27% to Rs. 4,729 crores.

Airtel 5G Launch

The launch of Airtel’s 5G services in India has been formally confirmed. The services, known as Airtel 5G Plus, would first be offered in a few metro cities. The 5G services will eventually spread to other areas, though. According to Airtel’s press announcement, “all of urban India will be covered in 2023, making this one of the fastest roll-outs.” According to reports, the Airtel 5G Plus provides the greatest voice quality and blazing-fast speeds. According to the operator, the network would also be more environmentally friendly and compatible with all 5G smartphones.

Airtel 5G Cities

Bharti Airtel

As of now, Airtel’s 5G services would be available only in eight cities including:

Delhi

Mumbai

Chennai

Bengaluru

Hyderabad

Siliguri

Nagpur

Varanasi

The corporation has pledged to gradually roll out 5G and reach every urban area by the end of the next year. Airtel 5G Plus will be accessible nationwide by March 2024 in all provinces and districts.

To use Airtel services in India, you don’t require a new SIM card. According to the operator, Airtel 5G Plus will work with current 4G SIM cards. Customers can also use their current data plans, which are the standard Airtel plans offered in the market, to access 5G services till the rollout is complete. However, a 5G-capable device is required in order to use 5G.

Conclusion

Bharti Airtel , announced on Monday that its consolidated net profit for the second quarter ended September 2022 increased by 89 percent year over year to Rs. 2,145 crore. The company’s CEO confirmed the launch of Airtel 5G in all the cities of India by end of 2024.

 

Elista raises the bar for soundbars in India with the launch of its MusiBar ELS Bar 6000

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Team My Mobile
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MusiBar ELS Bar 6000

The MusiBar ELS Bar 6000 by Elista, the homegrown company, offers a wide range of delightful features.

Elista, a homegrown consumer electronics & home appliances brand is all set to expand the audio products lineup by launching its first soundbar – MusiBar ELS Bar 6000. This product launched by Elista is an addition to the range of its Smart TVs, powered by webOS TV and audio speakers. The MusiBar ELS Bar 6000 by Elista, offers a wide range of features which as mentioned down below.

Specifications

Made in India

The MusiBar ELS Bar 6000 by Elista, comes in a premium shiny design with an output of 60W with a digital amplifier.

Connect it anywhere, anytime with a wide range of connectivity options like Bluetooth, AUX, Coaxial, and USB connectivity. Elista’s MusiBar ELS Bar 6000 soundbar also comes with HDMI ARC, which eliminates the requirement of additional cables while connecting to the soundbar with HDMI. There is also a 7-segment LED display which shows the relevant information that they will require at any given time.

The ergonomic design of the easy remote control allows for a better grip and this easy control feature on the Elista MusiBar ELS Bar 6000 allows it’s users to control their soundbar with ease.

Pricing And Availability

Made in India

Elista’s MusiBar ELS Bar 6000 is priced at Rs. 8999, and it has launched a whooping 55% discount rate of Rs. 4,999 and will be available through Elista’s extensive retail network that consists of over 10,000 outlets. Elista has also partnered with Flipkart/Amazon to sell the latest soundbar, which will go on sale starting October 31.

Speaking on the launch, Mr Pawan Kumar, CEO of Elista said, “At Elista, we have constantly sought to push the envelope to develop high-quality, cost-effective consumer electronics gadgets. The Indian Consumer Speaker Market is expected to grow by registering a CAGR of 9.38% during the forecast period (2022-2027). MusiBar ELS Bar 6000 reflects India’s love for music, and Elista has incorporated this in designing the product. A truly innovative product created specifically for Indian consumers, loaded with features that our customers will surely enjoy. This is the first of a series of unique launches planned in this product range and we have many more exciting announcements lined up for this quarter. Compact, affordable and lightweight, our audio products are ideal for customers that don’t want to compromise on the sound experience.”

TRAI Needs More Teeth to Punish and Enforce: Ashwini Vaishnaw

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Ashwini Vaishnaw

Speaking to a set of private media groups, Ashwini Vaishnaw, the minister of Communications and Electronics & Information Technology in the Government of India, addressed TRAI’s concern regarding the dilution of its powers in the draft telecommunication bill 2022. Vaishnaw said that the issues with TRAI have been resolved after deliberate discussions with all stakeholders. The minister also clarified that the intention of the Government of India was never to weaken TRAI or dilute its power. He said that GoI wants TRAI to be much stronger and become a “benchmark in the world.”

TRAI, Telecom Regulatory Authority of India, had earlier raised concerns about the draft telecommunication bill 2022 saying that clauses in the bill can dilute the power of the agency.

On the contrary, speaking of the TRAI act, the Vaishnaw has reportedly said, “TRAI needs more teeth, power to punish, power to enforce. It needs a strong technical, legal, and financial team. So, we will take a comprehensive look at the role and structure of the agency.”

When media personnel asked about the idea of regulating OTT as per the draft telecommunication bill, the telecommunication minister divulged that the bill has three constructs which include licensing, registration, and authorization. Any regulation of OTT communication or OTT apps for that matter would not happen without first holding consultation sessions with the industry stakeholders.

Ashwini Vaishnaw

Upon asking what the minister sees to be the future of telecom trade, he said, “Modiji needs India to emerge as a world chief in telecom know-how. For that, we want trendy, globally benchmarked rules. In three-four years, we are going to see India emerge as a serious designer and producer of telecom gear. Our 5G tech stack would compete with the perfect on earth. India’s IP rights will likely be a part of the 6G requirements. Hundreds of startups will use the regulatory sandbox envisaged within the invoice to give you new options. Satellite communication providers ought to grow to be prevalent to attain far-flung rural areas. India could be designing and manufacturing chips used within the telecom sector.

On a separate note, the telecommunication minister talked about the 5G roll schedule at length. He said that the schedule of the 5G rollout was on the expected timelines. The target is to cover 200 cities by March next year and reach every district of the country by the end of next year.

The minister also touched on the topic of IT rules and reiterated that the primary aim of the rules is to protect users. Since it is quite obvious that platforms are either not investing enough on ensuring the protection of users or they are simply not able to do enough to have these online platforms under check, something has to be done to ensure the user grievances are addressed fairly. Every user has the right to appeal if they feel their appeal wasn’t heard or something of theirs was taken off the platform without any proper reason. The aim is to set some accountability and make sure that platforms feel responsible for harmful posts. At the end of the day, it is these online tech companies that have to take the responsibility for whatever is going live on their platforms.

Related Articles:

TRAI’s Concerns Over Draft Telecom Bill Provisions Said to Be Duly Addressed

Draft telecom Bill: TRAI Opposed to Regulation of OTT Platforms

Telecom Department Addresses Power Dilution Issue; TRAI Raises Concerns

40% of Indians surveyed have been targeted by a scam when shopping online during the festive season

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Norton Cyber Safety
  • Over 4 in 5 Indian adults surveyed (85%) admit to risking their personal information or privacy in several ways during the festive season.
  • 74% of Indian adults surveyed say that spending time online via their connected devices helps their mental well-being during the holiday season.

India, Delhi – November 1, 2022 – Norton, a global leader in consumer Cyber Safety, from a global study conducted online in August 2022, published the Indian findings which states that among 1,001 Indian adults aged 18+ by The Harris Poll on behalf of NortonLifeLock that explored attitudes towards Cyber Safety and online shopping during the festive season.

The report by Norton, highlights the importance of taking precautions with your personal data or information while doing activities online.

The findings from the Norton reports, reveal that all (100%) of those planning to shop during the 2022 festive season expect to do so online, with 61% saying that they expect to do more than half of their festive season shopping online.

Festive season is undoubtedly a time when many people buy gifts for their family and friends. On This festive-holiday season, according to the survey, the Indian adults surveyed expect tech-based gifts including smartphones (64%), smart watches (55%), and smart home devices (47%) to be the most right choice of gifts and only a very small minority of adults in India surveyed(8%) are planning to buy fewer technology gifts this festive season of 2022 as compared to years in past, over 4 in 5 of those are planning to buy less tech gifts (84%) states this is due to concerns of rising costs of living and inflation in the country.

Due to the high inflation & the continuously rising cost of living, most of tge Indians are surveyed (91%) are most likely to do the cost cutting measures of some kind this festive season, and unfortunately for some, these measures includes clicking on a questionable link offering them a good deal on technology products (36%) or a reduced energy bill (29%).

Norton Cyber Safety

“Festivals bring friends and family together. Recently, there has been an increase in the number of online shoppers, and with that the rise in online shopping scams, gift card frauds, postal delivery frauds. Our Norton report also suggests that many Indian adults surveyed who have fallen victim and been defrauded while online shopping have been impacted financially and have lost money as a result, their average loss of those surveyed being INR 6216. While some consumers are not strangers to threats and are taking preventative measures to protect themselves online, there is always room for improvement.” said Ritesh Chopra, Norton Director India and SAARC Countries at NortonLifeLock. He adds, “We at Norton are dedicated to protecting people’s data and devices and understanding their concern when online shopping.”

Two-thirds of Indian adults surveyed are at least concerned about the following when shopping online during the holiday season:

• Their personal details being compromised (78%)
• Being defrauded by a third-party retailer (77%)
• Unintentionally receiving a counterfeit version of a gift (76%)
• A device they buy for someone else being digitally unsafe (75%)
• Their holiday travel arrangements or accommodations being ruined by a scammer (73%)
• Buying or receiving a refurbished device as a gift (72%)
• A device they receive as a gift being hacked (69%)

Surfing online sites offer an escape for many Indian adults during the festive season. Most Indian adults surveyed (78%) agree that surfing online via their connected devices helps them to feel more connected during the festive season, and 74% say that it helps their mental well-being. In fact, 2 in 3 Indian adults (65%) say their mental well-being would suffer if they could not access their connected devices during the festive season.

The study also shows that 95% of Indians plan to take at least one action to manage their mental health this festive season, most typically by spending time outdoors (54%), reading books (50%), and/or reconnecting with friends / family using social media (50%).

About the 2022 Norton Cyber Safety Insights Report: Special Release – Festive Season
The research was conducted online in India by The Harris Poll on behalf of NortonLifeLock among 1,001 adults aged 18+. The survey was conducted August 15 – September 1, 2022. Data are weighted where necessary by age, gender, region, and education to bring them in line with their actual proportions in the population.

Related article: 

“Zingoy aims to establish itself as the best cashback platform for online shopping”
Flipkart Big Billion Days Sale 2022: Over 1.5 Million Users Per Second Came For Shopping On Its 1st Day

Nokia G60 5G- The Most Sustainable Device You can Buy Right Now !!

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Team My Mobile
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Nokia G60

The all new Nokia G60 5G smartphone is here with a whooping 50MP camera which has been priced at Rs Rs 29,999 in India The new G60 handset by Nokia is featuring a 6GB RAM, and 128GB storage powered by the Qualcomm Snapdragon 695 processor.

Nokia G60 5G, a new smartphone by Nokia, announced by HMD Global on 1st November 2022, is the most eco-friendly G-series device in the market right now as it’s sustainably designed & crafted with 100% recycled polycarbonate back and 60% recycled polycarbonate frame. Nokia G60 5G is also bringing the premium promises as seen in the X-series to the G-series for the first time, helping users keep their phone for longer with the amazing ‘3-3-2’ promise which implies three years of OS upgrades and monthly security updates, and a two-year warranty and with this promise, Nokia will bring the industry-leading longevity to an even lower price point as three years of OS upgrades1 now come as standard to keep your device primed for longer and is supported by a generous two-year warranty at no extra cost

Nokia G60 5G will come in a whole new packaging which will be made out of recycled content and uses FSC-certified materials.

Key specifications, availability & price of Nokia G60

Nokia G60

Nokia G60 5G sports a 6.58-inch display that offers a full HD+ resolution, along with a 120Hz refresh rate and 500 nits of peak brightness. It also sports a Corning Gorilla Glass 5 protection. The all new Nokia G60 comes with Snapdragon 695 chipset paired with 6GB RAM and 128GB internal storage.

The Nokia G60 device has a triple rear AI camera setup that includes a 50MP main sensor, a 5MP ultra-wide camera and a 2MP depth sensor and it also has an 8MP front camera for selfies and video calls.

Nokia G60 will be available in two dashing color variants which are black and ice colour at Rs 29,999 for a 6/128GB memory variant. It is available on its official website and key retail outlets, as per the official report.

Sanmeet Singh Kochhar, Vice President- India & MENA, HMD Global: “At HMD Global, home of Nokia phones, we are working hard on our business wide pledges which shows our commitment to work harder to protect tomorrow. Reducing environmental impact, and prioritising sustainability, Nokia G60 5G is built from a high percentage of recycled materials with the longest software support yet in the G-series. It brings longevity promises to the many, not the few to help people keep their devices for longer which allows more customers access to 5G technology and the opportunity to future-proof their phones. We have designed a proposition that specifically helps consumers keep their phone for longer with our promises; 2-day battery, three years of monthly security updates and three versions of Android to ensure your device is up to date.”

 

Related article:

Nokia G11 Plus launched in India; HMD Global Commitment

Nokia Phones for Diwali

Govt Can Convert Vodafone Idea’s Dues Into Equity Only After Telco’s Stock Price Stabilises Above Rs 10: Indus

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Indus Towers

According to the second quarter report of Indus Towers, India’s largest mobile tower installation company, the Government of India under the company law provisions cannot convert accrued interest on AGR-related dues into equity before Vi’s stock prices stabilises. The stock price of the loss making telecommunication company needs to stabilise above the par value of Rs 10 for the GoI to move ahead with the provision and complete the transaction. Vi’s stock prices have been trading below Rs 10 for the past few months with the price closing at Rs 8.54 at BSE last Friday.

The proposal for converting accrued interest on AGR-related dues into equity was first passed by Vi’s board at the beginning of this year. Later in September this year, the Government of India also passed a proposal of converting Vodafone-Idea’s (Vi)  accrued interest on the adjusted gross revenue (AGR) dues into equity. The transaction, when completed, will give the Government of India near about 33 per cent stake in the telecom company.

The accrued interest on deferred AGR-related dues of India’s third telecom player stands at Rs 16,130 crore. Now that it is time for the Department of Telecommunications (DoT) to finalise the transaction, it appears provisions under the company law are going to delay the settlement even further.

While making their second quarter report public, Indus Towers said, “According to the company law provisions, any equity infusion cannot be below par value (Rs 10) and hence, the equity conversion will only be decided once telco’s stock price stabilises above Rs 10.”

Indus Towers

Although there was no immediate official response from Vi or any of its officials on the comments made in the Indus Towers report but the company earlier in September had denied any such provisions being the seasons of delay in conversion transactions. The company had clearly stated that there are no such provisions that are hindering the Government of India from moving ahead with the transactions.

Vi has said to a new agency, “There is no such guideline that prohibits the government from taking equity if the company’s share value is less than the par value. We understand that prior to the announcement of the landmark telecom reforms in September 2021, all due diligence was done by the government and the relevant ministries in this matter.”

The conversion of accrued interest on AGR-related dues into equity would give the Government of India a 33 per cent stake in the company. Successful completion of this transaction will then turn the Centre into the signal largest shareholder of the telecom company, which is currently a  joint venture of Vodafone Group and Aditya Birla Group. Once the transaction transpires, teleco’s plan is to further move ahead with their 20,000 crore fundraising plans via a combination of debt and equity. The company is in grave need of funds at the moment to clear all its dues to various parties, which includes around Rs 7000 crore to Indus Towers itself.

Stakeholders are also apprehensive about Vi’s 5G rollout plans as it all depends on how the interest into equity conversion happens. Touching on this issue, Indus in its report notes, “Vi has stated that its 5G roll-out will depend on various factors, such as the evolution of use cases, demand from customers, capacity requirement, as well as competitive dynamics.

Related Articles:
Vodafone Idea introduces Vi Games: All you need to know

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