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  To the brink & back: Vodafone-Idea jumps 18%

  Business | November 18, 2019 13:59 IST

  This comes after Finance Minister Nirmala Sitharaman on Friday stated that the government doesn't want any telecom company to shut operations.

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  Vodafone-Idea believes govt won't be in conflict with Supreme Court on telco relief: Brokerages

  Business | November 17, 2019 11:14 IST

  Vodafone Idea Ltd (VIL) faces a liability of Rs 44,150 crore after the Supreme Court ordered that non-telecom revenues should be included in the adjusted gross revenue (AGR) of mobile phone service providers for calculation of statutory dues such as licence fee and spectrum usage charge.

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  Vodafone-Idea exploring option to monetise data centres to reduce debt

  Business | November 15, 2019 23:21 IST

  Debt-ridden telecom operator Vodafone Idea on Friday said it is exploring to monetise data centres as part of the company's debt reduction plans.

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  Loss-making Vodafone-Idea and Airtel may benefit from this govt decision

  Business | November 15, 2019 18:41 IST

  Shares of Vodafone-Idea and Airtel got a massive boost after reports that Department of Telcom (DoT) may fix a floor price for data and voice tariffs. This has rekindled hopes that the embattled telecom giants will be able to withstand the price war caused by Reliance Jio.

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  Voda-Idea, Airtel struggle in early trade over poor Q2 numbers

  Business | November 15, 2019 11:20 IST

  "Nevertheless, the weakening financial viability of Vodafone Idea Aeven if the companies get a relief from the government on payment timeline and some potential license fee reduction in the future. We have assumed that Bharti will gain 40 per cent of VIL's revenues or subscribers, while JIO might garner a higher share of 60 per cent," Emkay said.

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  Airtel, Vodafone Idea mulling review of SC's AGR order: Sources

  Business | November 13, 2019 17:25 IST

  A binding decision of the Supreme Court or High Court can be reviewed through a review petition on the ground of apparent error. Under the Supreme Court Rules, 1966, such a petition needs to be filed within 30 days from the date of judgement or order

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  Voda Idea stock surges over 10 per cent as Vodafone clears the air on exiting Indian market

  Business | November 01, 2019 20:03 IST

  Similarly, on the National Stock Exchange (NSE), the shares closed at Rs 4.20 apiece, up 7.69 per cent. During the day, the stock touched a high of Rs 4.80, up 23.07 per cent. The company added over Rs 1,100 crore to its market capitalisation, which now stands at Rs 12,356.22 crore.

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  COAI seeks waiver of all past statutory dues for Airtel, Voda-Idea

  India | November 01, 2019 16:30 IST

  Billionaire Mukesh Ambani's Jio, which is also a member of COAI, has been contesting claims of the inability of telcos to pay the statutory dues, for which they ideally should have provisioned in accounts in view of a legal dispute.  

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  Vodafone Idea shares plummet after CARE downgrades rating

  Business | October 31, 2019 11:30 IST

  Shares of the telecom operator slumped 8.66 per cent to Rs 3.48 apiece - its 52-week low - on the BSE.

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  Vodafone Idea issues official statement on debt recast rumours

  Business | October 30, 2019 17:57 IST

  Amid reports of it exiting the India market, Vodafone Idea has said that it will continue to pay all its debt and dues in a timely manner. Vodafone Idea dismissed speculations in certain quarters that nearly Rs 40,000 crore of potential statutory dues has compelled the company to explore a debt revamp as "baseless and factually incorrect".

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  Vodafone Idea, Airtel shares jump up to 8.5 pc

  Business | October 30, 2019 11:56 IST

  As the telecom sector stares at a massive payout following a Supreme Court order, the government has created a Committee of Secretaries to work out a financial bailout package that may include lowering of spectrum charges as well as ending the era of free mobile phone calls and dirt cheap data.

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  Airtel, Vodafone, Idea made no provisions for AGR disputed amount

  Business | October 29, 2019 12:22 IST

  The Supreme Court recently ruled that telcos have to pay approximately Rs 92,000 crore to Department of Telecommunications (DoT) as revenue share on AGR computation.  

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  Vodafone Idea to approach govt for relief, waiver of interest, penalty

  Business | October 25, 2019 17:42 IST

  Facing over Rs 21,000 crore liability in interest and penalty alone after a Supreme Court ruling on the definition of telecom revenues, Vodafone Idea on Friday said it will approach the government for relief, including a waiver of interest and penalties.  

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  Vodafone-Idea stocks tumble 15 per cent to hit 52-week low

  Business | October 25, 2019 16:46 IST

  The fall comes on the back of a Supreme Court order on Thursday asking telcos, including Bharti Airtel and Vodafone-Idea, to pay the government as much as Rs 92,000 crore in dues, which includes penalties and interest

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  Bharti Infra sets Dec 24 deadline for merger with Indus Towers

  Business | October 25, 2019 16:22 IST

  In April 2018, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for the merger of Indus Towers and Bharti Infratel to create the largest mobile tower operator in the world outside China. It will have over 163,000 towers across 22 telecom service areas in India.

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  Airtel tops in 4G download speed, Idea in uploading: Opensignal

  Business | October 22, 2019 18:23 IST

  Opensignal has consistently found Airtel to be the fastest network in terms of 4G data download while telecom regulator Trai has found Reliance Jio to be the fastest network from last several months.

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  Jio, Vodafone Idea, Airtel pay Govt over Rs 4500 cr in spectrum dues

  Business | October 22, 2019 16:50 IST

  The government, in March last year, enhanced the number of annual instalments for spectrum payment from 10 to 16 years to provide a breather to the debt-laden telecom sector.

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  Vodafone Idea denies reports of exiting 6 telecom circles

  India | August 31, 2019 16:42 IST

  A recent Bank of America Merril Lynch (BofA-ML) report said it believed Vodafone Idea Ltd (VIL) would exit the six circles in C-Circle where it has been continuously losing revenue market share with share below 20 per cent. The report has identified Himachal Pradesh, Bihar, Odisha, Jammu and Kashmir, North East and Assam from where VIL may exit.

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  Jio beats Airtel, Vodafone, Idea to become top telecom revenue earner at Rs 10,900 crore in June quarter

  Business | August 27, 2019 23:59 IST

  Mukesh Ambani-led Reliance Jio pipped Bharti Airtel and Vodafone Idea in April-June as top revenue earner from telecom services at Rs 10,900 crore within three years of commencing commercial operations, according to the latest financial data released by telecom regulator Trai. This assumes significance as Reliance Jio stormed into the highly-competitive telecom sector in September 2016 with its disruptive voice and data offerings, while Bharti Airtel had launched its services way back in 1995.

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  Vodafone-Idea loss triggers Rs 21.5 crore m-cap loss in Birla firms

  Business | August 21, 2019 12:46 IST

  The unabated losses at Vodafone-Idea are eroding the value of other Aditya Birla Group firms, whose combined m-cap declined by a whopping Rs 21,431 crore on August 20, days after the quarterly results of the telecom arm were announced on July 29.