operators | Common News Update

Aug282020 by adminNo Comments

Mobile users still ‘ripped off’ by operators says Which?

Technology

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RBI allows relaxation to payment operators on various compliance deadlines

Finance

MUMBAI: In a move set to bring relief for payment companies and banks, the Reserve Bank of India has relaxed timelines prescribed for compliance with recent regulatory and security related guidelines. With companies operating with limited workforce due to the coronavirus pandemic, and several of these due dates on compliance soon set to lapse, many players were staring at missed deadlines. “Keeping in view the present situation it has been decided to extend the timeline for compliance in respect of a few areas…” the central bank said in a circular. Among those instructions on which timelines have now been extended include enhancement of security features on card from the earlier June 16, 2020 to the new deadline of September 30, 2020. Similarly, players have also been given four-month exte...

Vodafone snaps up cable operators in €18bn deal

Business

Vodafone has agreed to buy Liberty Global's operations in four European countries in a deal worth €18.4bn (£16.1bn).The deal sees the UK-based telecoms giant take control of cable operators in Germany, the Czech Republic, Hungary and Romania.Shares rose 1% in early trading.Vodafone said the "transformative" purchase, which adds to existing operations in Germany and Spain, would make it the leading "next generation network" in Europe with 54 million cable and fibre homes on its network.Including partnerships and wholesale arrangements, the deal will give Vodafone a reach of 110 million homes and businesses, it said.The widely-anticipated deal shifts the balance of mobile operator Vodafone's revenues and earnings further towards fixed line and TV services and also means that Europ...