Vodafone Idea, Bharti Airtel exploring options; mull filing curative petition after SC dismisses review plea on AGR issue
5 years, 2 months ago

Vodafone Idea, Bharti Airtel exploring options; mull filing curative petition after SC dismisses review plea on AGR issue

Firstpost  

Vodafone Idea, reeling under massive debt of around Rs 1.17 lakh crore, had earlier cited acute financial stress on the company behind the decision to raise mobile call and data charges New Delhi: Debt-ridden telecom firm Vodafone Idea on Thursday said it is exploring further options, including filing of a curative petition after the Supreme Court dismissed its review plea on AGR matter. The apex court dismissed the plea of telecom majors, including Bharti Airtel and Vodafone Idea, seeking review of certain directions of the apex court on recovery of past dues amounting to Rs 1.47 lakh crore from telecom service providers, according to a PTI report. Airtel, Vodafone dues In July, the Centre had told the apex court that leading private telecom firms like Bharti Airtel, Vodafone and state-owned MTNL and BSNL have pending licence fee outstanding of over Rs 92,000 crore till date. Bharti Airtel, Vodafone and state-owned MTNL and BSNL have pending licence fee outstanding of over Rs 92,000 crore till date, the Centre had told the Supreme Court earlier.

Telecom Court Pti Fee Idea Dot Bharti Airtel Airtel Vodafone Idea Agr Telecom Operators Licence Fee Curative Petition Crore Vodafone  sc  idea  options  filing  licence  telecom  issue  rs  mull  court  review  airtel  fee  agr  petition  plea  crore  vodafone

History of this topic

Vodafone Idea explores partnership with Musk's Starlink
4 days, 20 hours 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 …

MTNL share price jumps 18% to 3-week high. What’s powering the upside?
1 week, 4 days ago

MTNL share price jumps 18% to 3-week high. What’s powering the upside?

Live Mint  

Shares of Mahanagar Telephone Nigam Ltd., a state-owned telecom firm, surged 18% in early morning trade on March 13, hitting a three-week high of ₹51.20 apiece after reports indicated that the company earned ₹2,134.61 crore from the monetization of lands and buildings. According to data shared by Minister of State for Communications Pemmasani Chandra Sekhar in the Lok Sabha, BSNL …

BSNL increases pressure on Airtel and Vi, 365-day plan offers 2GB of daily data for just Rs 4.15 a day
3 weeks, 4 days ago

BSNL increases pressure on Airtel and Vi, 365-day plan offers 2GB of daily data for just Rs 4.15 a day

India TV News  

BSNL increases pressure on Airtel and Vi, 365-day plan offers 2GB of daily data for just Rs 4.15 a day BSNL has launched a new affordable plan with 365 days validity. BSNL’s affordable 365-day plan In a recent post on its X handle, BSNL shared details about its new recharge plan valid for 365 days, stating, "365 days of nonstop …

BSNL's affordable 90-day plan costs less than Rs 5 per day, makes Airtel, Vi run for their money
3 weeks, 5 days ago

BSNL's affordable 90-day plan costs less than Rs 5 per day, makes Airtel, Vi run for their money

India TV News  

BSNL's affordable 90-day plan costs less than Rs 5 per day, makes Airtel, Vi run for their money BSNL has provided significant relief to millions of mobile users nationwide by launching an affordable recharge plan that excludes data. BSNL's Rs 439 recharge plan Recently, BSNL announced details of its Rs 439 prepaid recharge plan via its official X handle. This …

BSNL challenges Vi, Airtel with new affordable plan, offers unlimited calls, data for 54 days
1 month, 1 week ago

BSNL challenges Vi, Airtel with new affordable plan, offers unlimited calls, data for 54 days

India TV News  

BSNL challenges Vi, Airtel with new affordable plan, offers unlimited calls, data for 54 days BSNL has launched a new, budget-friendly prepaid recharge plan for its millions of users. This plan offers various benefits, including unlimited calling and data, along with extended validity. BSNL has rolled out yet another affordable recharge plan designed to attract users with its appealing benefits …

TRAI's order: Vodafone Idea launches two new affordable voice-only plans
1 month, 3 weeks 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 …

Vodafone sells remaining £269 million stake in Indian telecoms group
2 months, 1 week 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, 3 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 …

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

Vodafone Idea shares in focus as board to consider ₹2000 crore fundraise proposal today
3 months, 2 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, 2 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 …

BSNL fast losing its post-tariff hike charm, subscribers return to Jio and Airtel
Trending News
3 months, 2 weeks ago

BSNL fast losing its post-tariff hike charm, subscribers return to Jio and Airtel

India TV News  

All the major telecom operators in India including Jio, Airtel and Vi hikes their tariff plans in July this year. However, in the recent days, Reliance Jio, Bharti Airtel, and Vodafone Idea have seen fewer customers switching to BSNL, according to a report from IIFL Securities. Meanwhile, for the third consecutive month in September, Jio, Airtel, and Vodafone Idea experienced …

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

India: Telecom debt crosses ₹4 lakh crore in FY24
3 months, 3 weeks ago

India: Telecom debt crosses ₹4 lakh crore in FY24

Deccan Chronicle  

New Delhi: The government on Wednesday said that the total debt on four major telecom operators in the country, including Reliance Jio, Bharti Airtel and Vodafone Idea stood at over Rs 4 lakh crore in the financial year 2024, with state-owned Bharat Sanchar Nigam Limited recording the lowest debt among competitors at Rs 23,297 crore. According to data shared by …

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
3 months, 3 weeks 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 …

India's Private Telcos Lose 1 Cr Users, BSNL Gains
4 months ago

India's Private Telcos Lose 1 Cr Users, BSNL Gains

Deccan Chronicle  

New Delhi: India's three private telecom majors -- Bharti Airtel, Vodafone Idea and Reliance Jio -- have witnessed a staggering loss of over 1 crore customers in the month of September, while public sector telecom firm Bharat Sanchar Nigam Limited gained some customers, adding over 8 lakh new subscribers in the same month. As per the latest report by the …

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

BSNL to launch 4G and 5G-ready universal SIM platform
7 months, 2 weeks ago

BSNL to launch 4G and 5G-ready universal SIM platform

Op India  

Bharat Sanchar Nigam Limited will soon roll out 4G and 5G-ready SIM platform, highlighted the Department of Telecommunications on Saturday. The department, in a social media post, stated that the rollout of 4G and 5G services will also help users choose their mobile numbers and replace SIMs without geographical restrictions. “STATE-RUN TELECOM firm Bharat Sanchar Nigam Ltd will roll out …

Vodafone Idea confident of people fully subscribing to its upcoming FPO of Rs 18,000 crore
11 months, 1 week 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, 2 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 …

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

For bailouts to work, BSNL needs the freedom to perform
1 year, 8 months ago

For bailouts to work, BSNL needs the freedom to perform

Live Mint  

In a virtual town hall on July 28 last year – shortly after the union government announced a ₹1.64 lakh crore revival package for Bharat Sanchar Nigam Limited – its chairman and managing director called on all employees to “perform or perish". Calling for a network uptime of 98-99 % and faults to be cleared “within four hours", he also …

Vodafone Idea hold talks to refinance ₹3,000-4,000 cr of loans: Report
2 years, 1 month ago

Vodafone Idea hold talks to refinance ₹3,000-4,000 cr of loans: Report

Live Mint  

Debt-ridden telecom operator Vodafone Idea has started fresh talks with key lenders – State Bank of India, Punjab National Bank and HDFC Bank – to refinance ₹3,000 to 4,000 crore of loans, according to an Economic Times report. Last week, Vodafone Idea had approved the allotment of equity shares worth ₹16,133 crore to the government, which post-allocation has become the …

Vodafone Idea approves allotment of shares to Govt; GoI holds 33.44% in co
2 years, 1 month ago

Vodafone Idea approves allotment of shares to Govt; GoI holds 33.44% in co

Live Mint  

Telecom operator Vodafone Idea on Tuesday said that the company's board of directors has approved the allotment of 16,133,184,899 equity share to the government. The government on Friday directed Vodafone Idea Ltd to issue equity shares against interest on deferred adjusted gross revenue and spectrum dues of ₹16,133 crore that it owes. The equity conversion plan comes more than a …

Vodafone Idea shares skyrocket after relief in AGR dues payment. Buy or sell?
2 years, 1 month ago

Vodafone Idea shares skyrocket after relief in AGR dues payment. Buy or sell?

Live Mint  

Vodafone Idea shares: After getting relief from the Government of India on AGR dues payment, Vodafone Idea share price has been iin uptrend since morning. Vodafone Idea share price today opened upside and went on to hit intraday high of ₹8.55 apiece levels, logging to the tune of 25 per cent rise on Monday morning deals. According to stock market …

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea
2 years, 1 month ago

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea

Live Mint  

The Union government on Friday directed Vodafone Idea Ltd to issue equity shares against interest on deferred adjusted gross revenue and spectrum dues totalling ₹16,133 crore that India’s No.3 telco owes it. 3 February, 2023 under section 62 of the Companies Act, 2013, directing the company to convert the NPV of the interest related to deferment of spectrum auction instalments …

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity
2 years, 1 month ago

Govt clears converting Rs 16,133 crore interest dues of Vodafone Idea into equity

Deccan Chronicle  

NEW DELHI: The government cleared conversion of Rs 16,133 crore interest dues of debt-ridden Vodafone Idea into equity after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment, telecom minister Ashwini Vaishnaw said on Friday. Throwing a lifeline to the troubled telco, the government has approved conversion of over Rs 16,133 crore interest …

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector
2 years, 2 months ago

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector

The Hindu  

The fate of India’s third-largest telecom, Vodafone-Idea, is hanging in the balance. Click to subscribe to our Data newsletter Apart from losing subscribers, Vodafone-Idea’s average revenue per user per month has also failed to keep pace with that of its rivals. Chart 3 shows the average revenue earned per user per month by private service providers in wireless services. The …

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation
2 years, 7 months ago

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation

Op India  

On Thursday, the Bharti Airtel founder and Chairman Sunil Bharti Mittal lauded the PM Modi led-government for ease of doing business after the company received an allocation letter for the designated 5G spectrum within hours of payment of the dues. Reports mention that the Department of Telecommunications has received an upfront payment of around Rs 17,876 crore from companies including …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 7 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

The Hindu  

Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises founder and chairman Sunil Bharti Mittal said on Thursday. "Airtel paid ₹8,312.4 crore towards spectrum dues and was provided the allocation letter for the designated frequency bands within hours. The Department of Telecom has received payment of around ₹17,876 crore …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 7 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

India TV News  

Highlights Airtel receives spectrum allocation letter within few hours of making upfront payment Bharti Enterprises founder and chairman Sunil Bharti Mittal hailed ease of doing business This is the first time ever that DoT has handed out spectrum allocation letter Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises …

Reviving BSNL in a competitive telecom market
2 years, 7 months ago

Reviving BSNL in a competitive telecom market

The Hindu  

The story so far: To spur Bharat Sanchar Nigam Limited’s overall competitiveness in the steep domestic telecom market and de-stress its balance sheet, the Union Cabinet on Wednesday approved yet another revival package worth ₹1.64 lakh crore. The revival package would initiate measures on three fronts, namely, infusing fresh capital for upgrading the state-owned operator’s services, strengthening its stressed balance …

BSNL gets ₹1.64-lakh-crore lifeline from government
2 years, 7 months ago

BSNL gets ₹1.64-lakh-crore lifeline from government

The Hindu  

In yet another effort to revive the state-owned telecom firm Bharat Sanchar Nigam Limited, the Union Cabinet on July 27 approved a ₹1.64–lakh crore package for its revival. The package, which has a cash component of ₹43,964 crore and a non-cash component of ₹1.2 lakh crore spread over four years, will include administrative allotment of 4G spectrum worth ₹44,993 crore. …

Govt approves BSNL revival, merger with BBNL, saturation of 4G services in all uncovered villages
2 years, 7 months ago

Govt approves BSNL revival, merger with BBNL, saturation of 4G services in all uncovered villages

India TV News  

Highlights The Modi cabinet approved Rs 1.64 lakh crore revival package for the BSNL It also approved merger of BSNL and BBNL Govt also approved project for saturation of 4G mobile services in all uncovered villages BSNL revival: The Union Cabinet on Wednesday approved the revival of Bharat Sanchar Nigam Limited and the merger of Bharat Broadband Network and BSNL, …

Vodafone Idea defers Rs 8,837 cr AGR dues payment, gets option to pay interest via equity
2 years, 9 months ago

Vodafone Idea defers Rs 8,837 cr AGR dues payment, gets option to pay interest via equity

India TV News  

Highlights Debt-ridden telecom operator has decided to defer payment by a period of four years Amount of AGR related dues as stated in the said DoT Letter is Rs 8,837 crores Government calculates its share of revenue from telecom operators based on their AGR Debt-ridden telecom operator Vodafone Idea has decided to defer payment of additional adjusted gross revenues of …

Ensuring a competitive three-player telco market
3 years ago

Ensuring a competitive three-player telco market

Hindustan Times  

With the decks clear for the government to become a major stakeholder in Vodafone Idea Ltd, the development can be seen as much-needed relief to the debt-ridden telco and temporarily put to rest fears of the Indian telecom market becoming a duopoly. In 2019, BSNL, along with Mahanagar Telephone Nigam Limited, received ₹70,000 crore from the government; a large portion …

Vodafone Idea finds a new investor to rescue it: Indian gov’t
3 years, 2 months ago

Vodafone Idea finds a new investor to rescue it: Indian gov’t

Al Jazeera  

Vodafone Idea will convert into equity its past dues to the gov’t, giving the latter a nearly 36 percent stake in it. Indian telecom operator Vodafone Idea Ltd said its board has approved converting into equity its past dues to the government, giving it a nearly 36 percent stake in the country’s third largest telecom operator. Following the conversion into …

BSNL giving full value offer on Rs 60 and Rs 110 prepaid plans, here is what they offer
3 years, 4 months ago

BSNL giving full value offer on Rs 60 and Rs 110 prepaid plans, here is what they offer

India Today  

Government-owned telco Bharat Sanchar Nigam Limited offers prepaid offers which give full talktime value. According to BSNL’s website, the telco is giving full value offers on talktime plans priced at Rs 60 and Rs 110. BSNL is currently giving Rs 100 prepaid vouchers as a full talktime offer in all telecom circles of India every Sunday. BSNL has also regularised …

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