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  Vodafone Idea shares jump 15 pc as Vodafone Group makes about Rs 1,530 cr accelerated payment

  Business | April 23, 2020 12:17 IST

  Shares of Vodafone Idea Ltd on Thursday jumped nearly 15 per cent after British telecom giant Vodafone Plc said it has an advanced infusion of USD 200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues.

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  Vodafone Group makes Rs 1,530 crore payment to Vodafone Idea under 'contingent liability mechanism'

  Business | April 22, 2020 18:50 IST

  Vodafone Group on Wednesday said it has accelerated a payment of USD 200 million (about Rs 1,530 crore) to Vodafone Idea, due in September 2020, under the terms of the 'contingent liability mechanism'.

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  Jio, Airtel, Vodafone Idea approach TRAI over prepaid recharge patterns: Report

  Business | April 16, 2020 21:06 IST

  Top telecom companies including Jio, Airtel and Vodafone Idea have approached sector regulator TRAI over prepaid recharge patterns, news agency PTI reported today. Jio, Airtel, Vodafone Idea have sought time till April 20 to submit data on prepaid recharge patterns, PTI quoted sources as saying.

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  Airtel, Jio to continue gaining market share due to Vodafone Idea's worsened financial health

  Business | April 03, 2020 14:52 IST

  Bharti Airtel and Reliance Jio will continue to gain market share at the cost of Vodafone Idea''s "worsened" financial health that may deteriorate further in the wake of the AGR judgment, Axis Capital said in a note on Friday.

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  Monitoring traffic patterns, confident of handling surge in voice & data services demand: VIL

  Business | March 26, 2020 17:20 IST

  Vodafone Idea on Thursday said it is monitoring traffic pattern and remains confident of handling surge in voice and data services demand amid country-wide lockdown to tackle the spread of coronavirus.

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  Telecom shares crack; Vodafone Idea plunges 40 per cent

  Business | March 18, 2020 13:38 IST

  Vodafone Idea plunged 40 per cent to Rs 2.91 and Bharti Airtel declined 5 per cent to Rs 431.25 on the BSE. Both the companies erased their early gains and were trading with losses.

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  Vodafone Idea pays Rs 3,354 cr to govt in AGR dues, claims principal amount fully paid now

  Business | March 16, 2020 13:03 IST

  Loss-making telecom operator Vodafone Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue (AGR) to the Department of Telecom (DoT), thereby completing payment of principal amount calculated on a self-assessment basis.

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  AGR liabilities stand at Rs 21,533 crore as per self assessment: Vodafone Idea

  Business | March 06, 2020 15:07 IST

  ​Vodafone Idea on Friday said its adjusted gross revenue (AGR) liabilities stand at Rs 21,533 crore as per its self assessment, and that the calculation of dues has been filed with the telecom department.  

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  Govt asks Airtel, Vodafone Idea, others to pay balance AGR dues without delay: Sources

  Business | March 04, 2020 20:51 IST

  The government on Wednesday asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay, according to sources.

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  Telcos pay over Rs 8,000 cr to govt in dues; DoT to write fresh letters to firms questioning AGR gap

  Business | March 03, 2020 20:09 IST

  Vodafone Idea, Bharti Airtel and Reliance Jio on Tuesday paid cumulative over Rs 6,000 crore to the government towards deferred spectrum dues while Tatas said it has deposited another Rs 2,000 crore for ad hoc statutory liabilities. 

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  AGR-hit Vodafone Idea wants 7-8 times hike in mobile data tariffs

  Business | February 27, 2020 19:12 IST

  Vodafone Idea has demanded fixing minimum tariffs for mobile data at Rs 35 per GB, around 7-8 times of current prices, and for calls at 6 paise per minute along with monthly charges from April 1 to enable it pay statutory dues and make its business sustainable. 

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  Vodafone Idea says 'not in a sound financial state', seeks govt support over AGR dues

  Business | February 27, 2020 18:17 IST

  Telecom firm Vodafone-Idea Thursday said that it is not a "sound financial state" and sought help from the government over the pending AGR dues. The troubled company has written to the telecom department expressing its inability to pay full AGR dues unless the government takes urgent measures.

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  Vodafone Idea shares plunge over 12 percent

  Business | February 24, 2020 19:44 IST

  Shares of Vodafone Idea fell nearly 12 per cent on Monday after Bharti Infratel extended the deadline for its merger with Indus Towers by two more months to April 24.

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  Airtel Chairman Sunil Mittal: AGR issue an unprecedented crisis for telecom sector

  Business | February 20, 2020 19:30 IST

  Bharti Airtel Chairman Sunil Mittal on Thursday met Telecom Minister as AGR issue looms large on his company. After his meeting, Mittal described AGR crisis as "unprecedented" for Indian Telecom industry. Airtel has until March 17 to pay Rs 35,600 crore to the government as part of (Adjusted Gross Revenue) payment.

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  Vodafone Idea faces survival battle; Crisil, India Rating, Brickwork downgrade rating

  Business | February 20, 2020 17:01 IST

  Telecom major Vodafone Idea's survival is under serious doubt as the company's ratings have been downgraded by three agencies in the span of just two days. After India Ratings, Brickwork Ratings, Crisil on Thursday downgraded Vodafone Idea's rating on non-convertible debentures of Rs 3,500 crores.  

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  Vodafone Idea pays Rs 1,000 crore towards AGR dues

  Business | February 20, 2020 13:57 IST

  Telecom firm Vodafone Idea on Thursday paid Rs 1,000 crore to the Department of Telecommunications (DoT) towards its statutory dues. This was in addition to the part-payments Vodafone-Idea had made previously.

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  Govt should offer one-time settlement to telcos for principal amount: Ex-Telecom Secretary

  Business | February 19, 2020 22:19 IST

  Former finance secretary Subhash Chandra Garg on Wednesday said the government should offer a one-time settlement scheme to the telecom companies to pay the principal due amount as per the AGR definition and waive the penal interest and penalties.

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  Vodafone Idea shares surge over 38 per cent

  Business | February 19, 2020 18:25 IST

  Vodafone Idea's shares on Wednesday closed over 38 per cent amid reports that the government in unlikely to invoke the company's bank guarantees as of now. On the BSE, the stock gained as much as 48.18 per cent to Rs 4.49 during the day.

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  'Can't say anything': Kumar Mangalam Birla on Vodafone Idea insolvency question

  Business | February 19, 2020 12:16 IST

  Vodafone Idea Chairman Kumar Mangalam Birla met telecom secretary Anshu Prakash on Tuesday amid raising concerns that the company may head to insolvency if the government takes coercive action against the telecom companies for failing to pay AGR dues.

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  AGR dues: Vodafone Idea stock falls over 11 percent

  Business | February 18, 2020 17:48 IST

  Shares of Vodafone Idea on Tuesday settled over 11 per cent down in the wake of continuing business uncertainty overpayment of statutory dues.