On January 26, Wu Jihan, co-founder of Bitmain, officially announced his resignation as CEO and chairman of Bitmain through an encrypted letter. The rhythm BlockBeats unraveled the content of the letter through the password posted by Wu Jihan on Twitter. Jihan Wu explained the final solution to the struggle with Ketuan Zhan in English. At the same time, he also firmly believed that Bitmain would s...
Ashwini Vaishnaw Takes Charge as New Telecom Minister, Ashwini Vaishnaw, a lawmaker from Odisha and former 1994-batch Indian Administrative Service (IAS) officer took charge as a new communications minister.
Vaishnaw also held a meeting with telecom secretary Anshu Prakash and discussed priority industry issues.
Some of the immediate challenges for Vaishnaw includes holding fifth generation (5G) spectrum auctions, bringing back industry’s confidence, and clearing some of the regulator’s recommendations to improve sectoral health
In addition, one of the peculiar challenges for him would be to keep Vodafone Idea afloat in the existing telecom landscape which is now reduced to a three-player market.
One of the key tasks would also be to revive the two state-owned ailing operators – Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) in line with the Cabinet-approved relief package in October 2019.
Having a diverse experience including in bureaucracy and executive leadership in multinationals, Vaishnaw, according to industry insiders is better placed to allay industry fears, and promote healthy competition amongst telecom companies.