Deadline ends, but govt not to take action on telcos for delaying AGR dues
5 years, 2 months ago

Deadline ends, but govt not to take action on telcos for delaying AGR dues

Live Mint  

New Delhi: The government will not take coercive action against mobile service providers that failed to meet the court-directed 23 January deadline to pay dues, after Vodafone Idea Ltd and Bharti Airtel Ltd sought more time. Meanwhile, Reliance Jio Infocomm Ltd, the mobile service provider least affected by the Supreme Court order that directed telcos to pay more than ₹1 trillion in back fees, has paid ₹195 crore to DoT to clear dues related to its licences as of 31 January, a person aware of the matter said on condition of anonymity. Vodafone Idea, the worst hit by the court’s order, Bharti Airtel and Tata Teleservices will await the hearing of their modification pleas filed in the Supreme Court earlier this week before making payments, they said. The Supreme Court on Tuesday agreed to hear the pleas filed by Vodafone Idea, Bharti Airtel, and Tata Teleservices next week, but did not comment on the status of the original payment deadline. Among non-telecom companies, DoT has sought ₹1.72 trillion from GAIL Ltd, ₹48,000 crore from Oil India Ltd, ₹22,168 crore from Power Grid Corporation of India Ltd, ₹15,019 crore from Gujarat Narmada Valley Fertilizers and Chemicals Ltd and ₹5,841 crore plus interest from Delhi Metro Rail Corp. Ltd, among others.

Court Crore Bharti Idea Vodafone Power Grid Gail Dot Bharti Airtel Airtel Vodafone Idea Tata Teleservices  supreme  dues  tata  idea  ends  deadline  crore  dot  court  teleservices  telcos  delaying  bharti  govt  agr  action  vodafone  airtel

History of this topic

Vodafone Idea explores partnership with Musk's Starlink
1 week, 4 days ago

Vodafone Idea explores partnership with Musk's Starlink

The Hindu  

Vodafone Idea is in exploratory talks with various satellite communication providers, including Starlink, the company said on Wednesday, a week after the Indian telecom firm's rivals signed deals with Elon Musk's company. "Our strategy is to provide services - whether fixed or mobile - in uncovered areas, where satellite makes perfect sense," Vodafone Idea Chief Technology Officer Jagbir Singh told …

Telecom Q3 review: Airtel triumphs in Arpu battle, but Jio could win the war
1 month, 1 week ago

Telecom Q3 review: Airtel triumphs in Arpu battle, but Jio could win the war

Live Mint  

Investors who wish to bet on India’s telecom sector have few pure-play options until Reliance Jio Infocomm is listed as a separate company. Meanwhile, Bharti Airtel Ltd’s Arpu of ₹245 in Q3 was way ahead of Jio’s ₹203. Consequently, the absolute revenue gain could be higher for Jio because of its larger mobile subscriber base of about 460 million versus …

Stocks to Watch: Vodafone Idea, Airtel, RVNL, Glenmark Pharma, BHEL, and more
1 month, 2 weeks ago

Stocks to Watch: Vodafone Idea, Airtel, RVNL, Glenmark Pharma, BHEL, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Samvardhana Motherson: Samvardhana Motherson reported strong Q3 FY25 results, with net profit surging 62 percent year-on-year to ₹879 crore, driven by steady revenue growth and improved operational efficiency. RVNL: State-owned Rail Vikas Nigam Ltd reported a 13.1 percent YoY decline in net profit at ₹311.6 crore …

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore
1 month, 2 weeks ago

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore

The Hindu  

Vodafone Idea Ltd for the third quarter ended December 31, 2024 narrowed its net loss to ₹6,609 crore from net loss of ₹6,986 crore in the year ago period. With the recent equity infusion of ₹1,910 crore from one of our promoters, we have now secured approximately ₹26,000 crore in fresh equity capital over the past 10 months. On January …

TRAI's order: Vodafone Idea launches two new affordable voice-only plans
2 months ago

TRAI's order: Vodafone Idea launches two new affordable voice-only plans

India TV News  

Vi has recently introduced two new recharge plans focused solely on voice and SMS. Previously, Vi had rolled out a voice and SMS-only plan priced at Rs 1,460, but following the TRAI's intervention, Vi has discontinued this plan in favor of two new options. Vi Rs 1849 plan The second option is the Rs 1,849 plan, providing a validity of …

Telcos ask govt. to remove import duties on telecom equipment
2 months, 1 week ago

Telcos ask govt. to remove import duties on telecom equipment

The Hindu  

The Cellular Operators Association of India, which represents Bharti Airtel Ltd., Reliance Jio Infocomm Ltd. and Vodafone Idea Ltd., called on the Union government to scrap import duties on telecom equipment. “Until high-quality equipment is available domestically at competitive prices, we urge the government to reduce customs duties for 4G and 5G network products, as well as other related items, …

Explained: Why Vodafone Idea share price jumped 15% today
2 months, 1 week ago

Explained: Why Vodafone Idea share price jumped 15% today

India Today  

Shares of Vodadone Idea surged in early trade on Monday to hit the day's high of Rs 10.48, rising close to 15%. The rise in the Vodafone Idea stock has been witnessed after media reports surfaced that the government may waive 50% interest and 100% penalties related to the adjusted gross revenue dues. The dues were imposed on telecom firms …

Vodafone sells remaining £269 million stake in Indian telecoms group
2 months, 2 weeks ago

Vodafone sells remaining £269 million stake in Indian telecoms group

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Vodafone has sold its shares …

Vodafone Idea clears outstanding dues to Indus Towers with capital infusion from parent
2 months, 2 weeks ago

Vodafone Idea clears outstanding dues to Indus Towers with capital infusion from parent

Live Mint  

Vodafone Idea has used fund infusion from its global parent Vodafone Plc, to repay outstanding Master Service Agreement Dues to Indus Towers. Vodafone Group Plc successfully completed the placing of its remaining 79.2 million shares in Indus Towers, representing 3.0% of Indus' outstanding share capital, through an accelerated book-build offering. Vodafone Idea Stock Price Trend Vodafone Idea share price declined …

Vodafone Idea likely to launch 5G broadband services in March: Report
Trending News
2 months, 4 weeks ago

Vodafone Idea likely to launch 5G broadband services in March: Report

India Today  

Vodafone Idea is planning to launch its 5G mobile broadband services in March, reported The Economic Times. “We are gearing up to launch 5G services and are committed to providing the best experience and price,” a Vodafone Idea spokesperson told the publication. The anticipation of 5G launch helped Vodafone Idea’s shares gain marginally, which were trading at Rs 8.03, up …

Mint Quick Edit | Relief for telecom operators is good for the Indian market
3 months ago

Mint Quick Edit | Relief for telecom operators is good for the Indian market

Live Mint  

The government has reportedly waived the requirement of about ₹33,000 crore worth of cumulative bank guarantees that private telecom players needed to provide against spectrum auctioned before the 2021 reform package. With advance proof of finance arrangements no longer needed, telecom operators will only have to pay for spectrum on the scheduled dates. The lightened burden could enable it to …

Vodafone Idea Says DoT’s BG Waiver Comes As ‘Relief For Telecom Industry’
3 months ago

Vodafone Idea Says DoT’s BG Waiver Comes As ‘Relief For Telecom Industry’

ABP News  

The telecom department waived off the bank guarantee requirement required for spectrum auctions, Vodafone Idea said on Saturday. Before the reform, Vodafone Idea Limited was required to submit nearly Rs 24,800 crore in bank guarantees against each spectrum installment, 13 months prior to the installment falling due for the above auctions, the firm informed via an official filing. The company …

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024
3 months, 1 week ago

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024

New Indian Express  

NEW DELHI: For the first time since the tariff hike announced by private telecom operators in July 2024, Bharti Airtel added 1.9 million subscribers in October 2024. However, Reliance Jio, India's largest telecom service provider, continued to lose subscribers, with a loss of 3.76 million, while Vodafone Idea Limited lost around 1.97 million customers. Vodafone Idea, India's third-largest telecom operator, …

Airtel clears 2016 spectrum dues, prepays 3,626 crore to Centre
3 months, 1 week ago

Airtel clears 2016 spectrum dues, prepays 3,626 crore to Centre

Hindustan Times  

Bharti Airtel has prepaid ₹3,626 crore to the Department of Telecom to clear all its liabilities for spectrum it had acquired in 2016, PTI quoted the company statement on Thursday. Bharti Airtel has made an early payment of 36.26 billion rupees to the Indian government) "Bharti Airtel has prepaid ₹3,626 crore to the Department of Telecom clearing all its liabilities …

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment
3 months, 1 week ago

Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment

Deccan Chronicle  

Bharti Airtel on Thursday said it prepaid Rs 3,626 crore to the department of telecom to clear all its liabilities for spectrum it had acquired in 2016. “Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecom clearing all its liabilities for spectrum it had acquired in 2016. In June, the Sunil Mittal-promoted telecom operator also prepaid all …

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016
3 months, 1 week ago

Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016

Live Mint  

Telecom major Bharti Airtel Ltd. announced on Thursday, December 19, that the company has paid off ₹3,626 crore in dues, which it owed to the Department of Telecom for the spectrums it acquired in 2016, according to an official statement. In the exchange filing, Bharti Airtel said that “it has prepaid ₹3,626 crores to the Department of Telecom clearing all …

Vodafone Idea share price climbs over 2%; here’s why
3 months, 2 weeks ago

Vodafone Idea share price climbs over 2%; here’s why

Live Mint  

Vodafone Idea share price climbed over 2 per cent in early trade on Tuesday, December 10, a day after the company announced its board of directors had approved the issuance of up to 175.53 crore shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore. Vodafone Idea share price opened at ₹8.25 against its …

Vodafone Idea shares in focus as board to consider ₹2000 crore fundraise proposal today
3 months, 3 weeks ago

Vodafone Idea shares in focus as board to consider ₹2000 crore fundraise proposal today

Live Mint  

Stock in focus: Vodafone Idea Limited shares are in the spotlight today, December 9 as the company's board will convene to deliberate on a ₹2,000 crore fundraising proposal. Vodafone Idea share price closed in the green, up 0.50 per cent at ₹8.12 on December 6, as per BSE. “The trading window for dealing in securities of the Company shall be …

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise
Trending News
3 months, 3 weeks ago

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise

Hindustan Times  

Vodafone Idea’s board will reportedly meet on Monday, December 9, 2024 to consider raising up to ₹2,000 crore through equity shares or convertible securities on a preferential basis to clear its debts with Indus Towers. Vodafone Idea said it will use the remaining proceeds towards a new issue of equity shares after the board decides the terms of capital Paying …

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group
3 months, 3 weeks ago

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group

Live Mint  

Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore via preferential equity issuance belonging to Vodafone Group, one of its promoters. “A meeting of the Board of Directors of the company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider a proposal for raising of funds not …

Vodafone to sell remaining stake in Indian tower company Indus
3 months, 3 weeks ago

Vodafone to sell remaining stake in Indian tower company Indus

Hindustan Times  

The UK's Vodafone Group Plc is selling the whole 3% of stake it owns of Indus Towers in a $300 million deal to exit the company which is now a Bharti Airtel subsidiary. The Sunil Mittal-led Airtel could be a potential buyer for the Indus Tower shares from Vodafone UK The proceeds from selling the 79.2 million shares will be …

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators
4 months ago

Telecom Sector Debt Reaches Rs 4.09 Lakh Crore In FY24; BSNL Records Lowest Debt Among Operators

ABP News  

The cumulative debt of the country’s four major telecom operators reached Rs 4,09,905 crore in the financial year 2024, with state-run Bharat Sanchar Nigam Limited reporting the lowest debt at Rs 23,297 crore, Parliament was informed. According to the data, Vodafone Idea carried the heaviest debt load at Rs 2.07 lakh crore, followed by Bharti Airtel at Rs 1.25 lakh …

Telcos to ring-in profit gains. Airtel leads the pack in September quarter
4 months ago

Telcos to ring-in profit gains. Airtel leads the pack in September quarter

Live Mint  

It was a foregone conclusion that Indian private telecom companies would do well in the September quarter thanks to the tariff hikes taken in July and the ongoing premiumization trend of SIM card upgrades. This has played out with aggregate wireless revenue for the three private telcos—Reliance Jio Infocomm Ltd, Bharti Airtel Ltd’s India arm, and Vodafone Idea Ltd—rising by …

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
4 months ago

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden

Live Mint  

Vodafone Idea's plan to raise ₹35,000 crore may get a shot in the arm from the Union Cabinet's decision to waive bank guarantees from telecom operators for airwaves bought in auctions till 2022. The Union Cabinet approved a proposal to waive bank guarantees that telecom service providers need to submit for spectrum auctioned till 2022,Mint reported on Tuesday. Despite the …

BSNL gains 8 lakh subscribers in September 2024 as private players lose millions
4 months, 1 week ago

BSNL gains 8 lakh subscribers in September 2024 as private players lose millions

New Indian Express  

NEW DELHI: State-owned telecom service provider Bharat Sanchar Nigam Limited added 8 lakh new subscribers in September 2024, according to the Telecom Regulatory Authority of India. Meanwhile, private telecom service providers Reliance Jio, Bharti Airtel, and Vodafone Idea Limited continue to lose subscribers following tariff hikes implemented in June. Among them, India's largest telecom service provider, Reliance Jio, lost a …

Vodafone Idea Q2 net loss narrows to ₹7,175 crore, Arpu rises to ₹156
4 months, 2 weeks ago

Vodafone Idea Q2 net loss narrows to ₹7,175 crore, Arpu rises to ₹156

Live Mint  

Vodafone Idea Ltd’s losses narrowed to ₹7,175 crore in the September quarter, down from ₹8,746 crore a year earlier, as revenues edged up to ₹10,932 crore from ₹10,716 crore. Funding and capex plans Backed by the Aditya Birla Group, Vodafone Idea is currently in discussions with lenders to secure ₹35,000 crore in debt funding to fuel its network expansion. Earlier …

Vodafone Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details
6 months, 1 week ago

Vodafone Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details

News 18  

Vodafone Idea Share Price Today: Vodafone Idea shares were trading 10 per cent higher on Monday after the company scheduled an analyst or investor update call later today, which will take place from 2.30 PM to 3 PM IST and is expected to provide updates on what the telecom operator is up to following the Supreme Court AGR setback. Additionally, …

Big Setback To Airtel, Vodafone As Supreme Court Rejects Curative Plea Against AGR Dues
6 months, 1 week ago

Big Setback To Airtel, Vodafone As Supreme Court Rejects Curative Plea Against AGR Dues

ABP News  

The Supreme Court on Wednesday rejected a petition filed by the telecom companies including Vodafone and Airtel seeking a re-computation of adjusted gross revenues, amid a long-standing dispute over payment of dues to the government. In 2021, the Supreme Court dismissed a plea seeking corrections in the AGR dues demand by telecom companies. In 2023, telecos filed a curative petitions …

Indus Towers eyes improved cash flows amid better collections from Vodafone Idea
7 months, 4 weeks ago

Indus Towers eyes improved cash flows amid better collections from Vodafone Idea

Live Mint  

Indus Towers, India's leading telecom tower provider, is anticipating a boost in free cash flows due to an expected rise in co-locations from Vodafone Idea and improved collection of past dues from the carrier. Indus Towers has opted for a share buyback worth ₹2,640 crore to distribute returns to shareholders in a tax-efficient manner, particularly ahead of the upcoming tax …

Vodafone-Idea plans to become expensive from July 4: Here are the new rates
9 months ago

Vodafone-Idea plans to become expensive from July 4: Here are the new rates

India TV News  

After Airtel and Jio, Vodafone-Idea has also decided to increase its mobile tariffs. Plans will become more expensive from July 4 According to a PTI report, Vodafone Idea stated that the company had designed an excellent range of feature-rich plans to meet the diverse needs of its consumers. At the same time, the price of the company's popular plan with …

After Rel Jio, Bharti Airtel, Vi hike mobile tariffs by upto 24%
9 months ago

After Rel Jio, Bharti Airtel, Vi hike mobile tariffs by upto 24%

Deccan Chronicle  

New Delhi : After Reliance Jio, Bharti Airtel and Vodafone Idea on Friday announced that the companies would hike its mobile tariff to 11-21 per cent and 11-24 per cent respectively in both the prepaid and postpaid services across the country. As per the different plans for the telco, the rate of daily data add-on will see an increase by …

After Reliance Jio, Bharti Airtel announces tariff hike for its prepaid and postpaid plans
9 months ago

After Reliance Jio, Bharti Airtel announces tariff hike for its prepaid and postpaid plans

New Indian Express  

NEW DELHI: A day after Reliance Jio announced a tariff hike for its prepaid and postpaid plans, Bharti Airtel, India's second-largest telecom service provider, followed suit and announced a tariff hike of up to 21% for all its prepaid and postpaid plans. “Bharti Airtel has maintained that the mobile Average Revenue per User needs to be upwards of Rs. We …

Residual funds from Voda’s Indus Towers stake sale may go towards latter’s dues
9 months, 1 week ago

Residual funds from Voda’s Indus Towers stake sale may go towards latter’s dues

Live Mint  

Indus Towers would stand to receive residual funds, if any, from Vodafone Group Plc's stake sale in the company, owing to the secondary pledge it has on Vodafone's 21% stake in the telecom tower provider. “Indus has a secondary pledge on Vodafone Plc’ 21% stake and if the sale goes through then Vodafone will first clear the dues of the …

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade
10 months ago

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade

Business Standard  

A 'likely' relief on the government dues front for Vodafone Idea and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report. "Assuming AGR dues are completely waived off, our DCF value could increase to Rs 24 per share, versus Rs 12 when there is no waiver. …

Rs 2,999 Airtel, Jio, Vi prepaid plans compared: Here's who offers better benefits
10 months, 1 week ago

Rs 2,999 Airtel, Jio, Vi prepaid plans compared: Here's who offers better benefits

India TV News  

Users who prefer not to recharge their mobile connection every month can opt for annual plans offered by telecom companies. Reliance Jio Rs 2999 prepaid plan The Rs 2999 plan from Reliance Jio includes unlimited voice calling, 100 SMS/day, and 2.5GB of daily data. Vodafone Idea Rs 2999 prepaid plan The Rs 2999 plan from Vodafone Idea includes 850GB of …

Vodafone Idea confident of people fully subscribing to its upcoming FPO of Rs 18,000 crore
11 months, 2 weeks ago

Vodafone Idea confident of people fully subscribing to its upcoming FPO of Rs 18,000 crore

New Indian Express  

NEW DELHI: Telecom service provider Vodafone Idea Limited is confident that its upcoming follow-on public offer of Rs 18,000 crore will be fully subscribed. Akshaya Moondra, its Chief Executive Officer, while addressing press, said the company has allocated Rs 5720 crore from the proceeds of FPO towards 5G rollout in the country. In February 2024, Vodafone Idea Limited announced plans …

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod
11 months, 3 weeks ago

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod

Hindustan Times  

The board of debt-ridden Vodafone Idea has approved a proposal to raise ₹2075 crore from promoter Aditya Birla Group, the telecom operator informed in a regulatory filing on Saturday. Vodafone Idea board has approved issuance of up to 1,395,427,034 equity shares to Oriana Investments, an entity of the Aditya Birla Group “The Vodafone Idea board has approved issuance of up …

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy
1 year, 1 month ago

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy

Live Mint  

Barcelona: The government will look at the right opportunity to pare its stake in Vodafone Idea, Neeraj Mittal, secretary in the department of telecommunications, said as he welcomed the approval given by the cash-strapped carrier's board to a fund-raise proposal. Mittal said the department of telecom was likely to bring out the first set of rules and regulations under the …

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel
1 year, 1 month ago

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel

Hindustan Times  

Struggling telecom firm Vodafone Idea on Tuesday said its board has approved raising up to ₹20,000 crore in equity from promoters and other investors by June as it looks to shore up finances for much delayed 5G roll out and strengthening 4G services. The debt-laden firm, where the government also holds just over 33 per cent equity stake, plans to …

Vodafone needs cash to reconnect with both investors and subscribers
1 year, 1 month ago

Vodafone needs cash to reconnect with both investors and subscribers

Live Mint  

Telecom operator Vodafone Idea Ltd faces a daunting set of challenges, with declining subscriber base a key concern. This indicates that some of the higher usage subscribers of Vodafone Idea could be porting out, possibly to take advantage of Bharti Airtel’s and Reliance Jio’s 5G network, said an Axis Capital report dated 30 January. “The significant amount of cash required …

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act
1 year, 2 months ago

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act

Live Mint  

Vodafone Idea Limited on 4 January announced that it will take appropriate legal action for rectification and reversal of an order it received under the Central Goods and Services Tax Act, 2017, entailing a penalty of ₹10.76 crore. "The company does not agree with the order and will take appropriate action for rectification/ reversal of the same," Vodafone Idea said …

Vodafone Idea clears air on talks with Elon Musk's Starlink
1 year, 2 months ago

Vodafone Idea clears air on talks with Elon Musk's Starlink

Hindustan Times  

Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink, Reuters reported. Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink The telecom firm's clarification comes after the shares had surged in the past two sessions, this after business …

Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea
1 year, 4 months ago

Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea

Live Mint  

The Bombay High Court has directed the Income Tax department to refund ₹1,128 crore to Vodafone Idea paid by the telecom operator in taxes for the assessment year 2016-2017. In its judgement passed on Wednesday, the Bombay HC ruled that the assessment order passed by the department in August this year against the beleaguered telecom operator was “time barred and …

DoT rejects Voda Idea license fee review plea
1 year, 5 months ago

DoT rejects Voda Idea license fee review plea

Live Mint  

New Delhi: The department of telecommunications has rejected Vodafone Idea’s plea to review licence fee demands of ₹3,273 crore for fiscal 2016 and 2017, India’s No. The Aditya Birla Group-promoted company said it was deciding on the next course of action since it had filed a plea with the Supreme Court for the DoT to correct some “errors” in the …

Vodafone Idea pays Rs 1,701 crore as second annual spectrum instalment for 5G
1 year, 6 months ago

Vodafone Idea pays Rs 1,701 crore as second annual spectrum instalment for 5G

India TV News  

Vodafone Idea pays Rs 1,701 crore as second annual spectrum instalment for 5G Vodafone Idea experienced a loss of 4.5 million mobile subscribers, and falls to 221.4 million by the end of June 2023. Vodafone Idea, a known telecom company in India has made a significant payment of Rs 1,701 crore as the second annual spectrum instalment towards its 5G …

Vodafone Idea seeks 30 more days to pay ₹1,680 cr spectrum auction instalment
1 year, 7 months ago

Vodafone Idea seeks 30 more days to pay ₹1,680 cr spectrum auction instalment

Hindustan Times  

Debt-ridden Vodafone Idea has sought 30 days more time to pay around ₹1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. Vodafone idea has also acquired a 5G spectrum in mid-band and millimetre wave in the 26 GHz band in July 2022 spectrum auction. "We have submitted a letter to DoT that we …

Delhi High Court Refuses To Interfere With TRAI's Recommendation For Rs 1050 Crore Penalty On Vodafone, Says TDSAT Can Decide Issue On Merits
1 year, 10 months ago

Delhi High Court Refuses To Interfere With TRAI's Recommendation For Rs 1050 Crore Penalty On Vodafone, Says TDSAT Can Decide Issue On Merits

Live Law  

The Delhi High Court has refused to interfere with Telecom Regulatory Authority of India’s recommendation to impose a penalty of Rs. Observing that the TDSAT has been empowered to deal with all disputes arising under the TRAI Act, the court observed that once the Tribunal gives the conclusion that the order dated 29.09.2021 of the Central Government is not sustainable …

Jio, Airtel add 19.8 lakh subscribers, Vodafone Idea loses 20 lakh users in Feb: TRAI
1 year, 10 months ago

Jio, Airtel add 19.8 lakh subscribers, Vodafone Idea loses 20 lakh users in Feb: TRAI

Live Mint  

Reliance Jio, the country’s largest telecom operator, added a little more than 10 lakh mobile subscribers in the month of February, taking its wireless subscriber tally to over 42.71 crore users as against 42.61 crore in January. As per the latest data released by Telecom Regulatory Authority of India, the Sunil Mittal-led Bharti Airtel gained 9.82 lakh mobile users during …

ATC's business to witness troublesome time in India because of Vodafone Idea's payment issue: Know more
1 year, 11 months ago

ATC's business to witness troublesome time in India because of Vodafone Idea's payment issue: Know more

India TV News  

In the annual report for 2022, it was stated that Vodafone Idea has been running continuously running short of payments and it might affect the Indian operations of Boston-based American Tower Corporation. In the annual report, ATC said, “Continued partial payments from VIL could have further negative effects on our fixed assets, intangible assets or goodwill, could result in additional …

Vodafone Idea in talks with gear vendors for 5G rollout
2 years, 1 month ago

Vodafone Idea in talks with gear vendors for 5G rollout

Live Mint  

Vodafone Idea needs to raise ₹ 20k cr in debt and equity from investors to plough into 5G New Delhi: Vodafone Idea is in advanced discussions with telecom equipment makers for its 5G rollout strategy and will comply with minimum 5G rollout obligations, chief executive Akshaya Moondra said on Wednesday, indicating that the No. {{^adFree}} {{/adFree}} On 5G minimum rollout …

Discover Related