Idea
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Your mobile bills set to go up as Voda-Idea, Airtel announce tariff hike
Business | Nov 18, 2019, 10:05 PM ISTCome December and your mobile bills will be on the rise -- if you are a Vodafone-Idea or Airtel user. Both the companies on Monday announced a hike in mobile phone call and data charges from December, courtesy -- intense competition and unprecedented statutory dues.
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Vodafone Idea to increase mobile service rates from December 1 citing 'acute financial stress'
India | Nov 18, 2019, 07:20 PM ISTVodafone Idea on Monday announced it will increase mobile service rates from December 1 in the wake of ongoing financial stress. The debt-ridden company, however, did not disclose the range or details of the proposed tariff hike.
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To the brink & back: Vodafone-Idea jumps 18%
Business | Nov 18, 2019, 01:59 PM ISTThis 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 | Nov 17, 2019, 11:14 AM ISTVodafone 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 | Nov 15, 2019, 11:21 PM ISTDebt-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 | Nov 15, 2019, 06:41 PM ISTShares 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 | Nov 15, 2019, 11:20 AM 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 | Nov 13, 2019, 05:25 PM ISTA 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 | Nov 01, 2019, 08:03 PM ISTSimilarly, 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 | Nov 01, 2019, 04:30 PM ISTBillionaire 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 | Oct 31, 2019, 11:30 AM ISTShares 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 | Oct 30, 2019, 05:57 PM ISTAmid 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 | Oct 30, 2019, 11:56 AM ISTAs 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 | Oct 29, 2019, 12:22 PM ISTThe 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 | Oct 25, 2019, 05:42 PM ISTFacing 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 | Oct 25, 2019, 04:46 PM ISTThe 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 | Oct 25, 2019, 04:22 PM ISTIn 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 | Oct 22, 2019, 06:23 PM ISTOpensignal 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 | Oct 22, 2019, 04:50 PM ISTThe 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 | Aug 31, 2019, 04:42 PM ISTA 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.