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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.

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  Vodafone Idea stock falls over 16% on rating downgrade

  Business | February 18, 2020 12:07 IST

  ​Shares of Vodafone Idea on Tuesday tanked over 16 per cent due to rating downgrade on AGR dues and other issues of the company. On the BSE, the stock plunged 14.91 per cent to trade at Rs 2.91 in early market hours. Later it was trading with a loss of 8.77 per cent at Rs 3.12.

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  AGR dues: Who owes what

  Business | February 17, 2020 19:12 IST

  A number of telecom firms are in troubled waters with over a massive Rs 1.47 lakh crore of adjusted gross revenue (AGR) dues to pay. These include top telcos -- Bharti Airtel and Vodafone Idea -- who owe about 60 percent.

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  Airtel, Vodafone Idea, Tata Teleservices likely to pay AGR dues today: DoT source

  Business | February 17, 2020 8:36 IST

  The three companies are jointly liable to pay dues of over Rs 1 lakh crore, but they have informed the Department of Telecom (DoT) of making only partial payment, as per their representatives.

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  AGR dispute: Vodafone Idea could head for bankruptcy

  Business | February 16, 2020 18:43 IST

  Vodafone Idea could be the largest bankruptcy ever in India as the inability to pay dues under the adjusted gross revenue (AGR) may push the Vodafone Plc and Aditya Birla joint venture in that direction.

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  Vodafone Idea to pay AGR dues but uncertain on future course; DoT mulls penal action

  Business | February 15, 2020 22:18 IST

  Debt-ridden telecom operator Vodafone Idea on Saturday said it is assessing the amount that can be paid towards AGR dues, even as it flagged concerns over the continuation of its business.

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  Vodafone Idea faces uncertain future over AGR woes

  Business | February 14, 2020 23:25 IST

  ​As the sword of Damocles hangs over Vodafone Idea, uncertainty continues to mire the Indian telecom sector which has seen fall of several telcos such as Etisalat DB, Reliance Communications, Sistema Shyam and Aircel. ​As the sword of Damocles hangs over Vodafone Idea, uncertainty continues to mire the Indian telecom sector which has seen fall of several telcos such as Etisalat DB, Reliance Communications, Sistema Shyam and Aircel.

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  Ultimatum for Telcos: Bharti Airtel, Vodafone Idea asked to clear dues by 11.59 pm today

  Business | February 14, 2020 19:10 IST

  In an ultimatum, the Department of Telecommunications has ordered firms including Bharti Airtel and Vodafone Idea to clear dues before Friday midnight.

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  AGR-hit Vodafone Idea postpones Q3 analyst call

  Business | February 14, 2020 15:39 IST

  Vodafone Idea, which is staring at statutory dues of about Rs 53,000 crore, has postponed its post-earnings conference call with analysts, which was earlier scheduled for Friday.

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  Amid widening losses, Vodafone Idea shares tank nearly 19%

  Business | February 14, 2020 14:10 IST

  Shares of Vodafone Idea (VIL) on Friday tumbled nearly 19 per cent after the company reported widening of losses to Rs 6,438.8 crore in the third quarter of 2019-20. The scrip tanked 18.30 per cent to Rs 3.66 on the BSE.

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  Vodafone Idea losses widen to Rs 6,438.8 crore in December quarter

  Business | February 13, 2020 19:33 IST

  Vodafone Idea on Thursday reported widening of losses to Rs 6,438.8 crore in October-December 2019 against Rs 5,004.6 crore in the year-ago period as the AGR dues-hit telco reeled under the impact of increased finance costs and higher depreciation of assets.

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  Vodafone Idea to shift all postpaid users to Vodafone RED plan

  Business | February 07, 2020 16:23 IST

  All postpaid users who are currently using a plan from Vodafone Idea will be moved to Vodafone Red plans. Users who are currently using a plan from Vodafone Idea will be moved to Vodafone Red plans.

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  Vodafone-Idea mobile network down in Bengaluru, users complain

  Business | February 07, 2020 16:34 IST

  Vodafone-Idea network in Bengaluru is down users are facing issues. It is suspected that there are issues with optical fibre cable network in the city. Users from Indiranagar, Electronic City, Kumaraswamy layout and Shantala Nagar appear to be the worst affected as the majority of the twitter reactions seem to have come from these areas.