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  • Why Vodafone-Idea may shut down soon

    Explained: Why Vodafone-Idea may shut down soon

    December 06, 2019 17:27 IST

    ​Vodafone-Idea may shut down soon. It is not a speculation. Vodafone Idea Limited Chairman Kumar Mangalam Birla has himself admitted to the plunging fortunes of the company. Birla on Friday said Vodafone Idea Ltd would shut down if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order.

  • Telecom tariff hike may add to inflation: Shaktikanta Das

    Telecom tariff hike may add to inflation: Shaktikanta Das

    India | December 05, 2019 19:07 IST

    The revised rates of telecom operators will add to the inflation rate in the country. Reserve Bank Governor Shaktikanta Das said on Thursday.

  • Telecom shares rise on proposal to fix floor price for data tariffs

    Telecom shares rise on proposal to fix floor price for data tariffs

    Business | December 04, 2019 17:47 IST

    On the NSE, the stock soared 9.93 per cent to Rs 7.75 per unit. It zoomed 12.05 per cent to Rs 7.90 during the day. Bharti Airtel also saw its shares rising though marginally at 0.41 per cent to end at Rs 460.85 a unit on the BSE. Intra-day, its stock touched a high of Rs 464.75 apiece, up 1.26 per cent.

  • Potential payment of past-due fees weighs on Bharti Airtel's credit profile

    Potential payment of past-due fees weighs on Bharti Airtel's credit profile

    Business | December 03, 2019 17:18 IST

    Potential payment of past due fees weighs on the credit profile of Bharti Airtel Ltd despite spectrum moratorium and price hikes, it said.

  • Bharti Airtel shares slip

    Bharti Airtel shares slip over 1 pc on rating concerns

    Business | December 03, 2019 12:53 IST

    After hitting 52-week high in previous session, shares of Bharti Airtel on Tuesday fell over 1 per cent after Moody's said AGR dues are credit negative for the telecom operator. The stock was trading 1.32 per cent down to Rs 452.50 on the BSE. On the NSE, the stock declined 1.46 per cent to Rs 451.90.

  • Telecom stocks surge after tariff hike announcements

    Telecom stocks surge after tariff hike announcements

    Business | December 02, 2019 11:01 IST

    Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE. The stock rose 22.63 per cent to Rs 8.40 on the NSE.

  • Bharti Airtel submits Rs 9,500-cr bids for RCom assets

    Bharti Airtel submits Rs 9,500-cr bids for RCom assets

    Business | November 28, 2019 23:39 IST

    Along with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have submitted their bids. "Bharti Airtel seems to be the highest bidder with bids of around Rs 9,500 crore. However, the final result will be known on Friday after the committee of creditors (CoC) opens all the bids," the source said.

  • Trai moots idea of tariff calculator, more transparent disclosures

    Trai moots idea of tariff calculator, more transparent disclosures

    Business | November 27, 2019 21:25 IST

    The consultation paper from Trai has been issued when telecom operators have announced their plan to raise tariffs. The regulator has floated a proposal to ask telecom operators to retain details of old plans, while they publish information around new plans.

  • Vodafone Idea, Bharti Airtel tumble on reports CoS on telecom bailout package disbanded

    Vodafone Idea, Bharti Airtel tumble on reports CoS on telecom bailout package disbanded

    Business | November 26, 2019 18:55 IST

    The Committee of Secretaries was last month constituted to examine "all aspects" of "financial stress" faced by service providers such as Bharti Airtel and Vodafone-Idea Ltd and suggest measures to mitigate them.

  • Airtel, Jio bid for Reliance Communications telecom assets

    Airtel, Jio bid for Reliance Communications telecom assets

    Business | November 25, 2019 23:10 IST

    "Bharti, Reliance Jio, Varde Capital and UVARCL have submitted their bids. Total 11 bids have come for the assets of three companies - RCom, Reliance Telecom and Reliance Infratel Limited," sources said.

  • Fitch ratings

    Relief to telcos not sufficient to offset unpaid dues: Fitch

    Business | November 22, 2019 12:45 IST

    The divergence between Bharti's and Vodafone Idea's financial performance continued in 2QFY20, while Jio continued to report strong revenue and EBITDA growth. During 2QFY20, Bharti reported a 1 per cent rise in revenue and 3 per cent growth in like-for-like EBITDA quarter-on-quarter (q-o-q).

  • Deferment of spectrum payment to provide headroom to telecom sector: India Inc

    Deferment of spectrum payment to provide headroom to telecom sector: India Inc

    Business | November 21, 2019 20:03 IST

    India Inc on Thursday welcomed the government's decision to defer receipt of spectrum auction installments due from telecom service providers, saying the move will provide headroom to the sector currently facing stress, generate job opportunities and drive consumer demand.

  • Now, e-aadhaar a valid document to get new mobile connection: Telecom Ministry

    Now, e-aadhaar a valid document to get new mobile connection: Telecom Ministry

    November 21, 2019 16:12 IST

    New Delhi: e-Aadhaar from now can be used as a valid identity and address proof document for taking a new mobile connection. Both the e-Aadhaar letter and the downloaded version of the card from the

  • Latest News Govt to Sell bpcl Disinvestment Push Concor Finance Minister Sitharaman, Addressing the

    Government to sell BPCL in big disinvestment push: 10 takeaways

    Business | November 21, 2019 10:37 IST

    Addressing the media after the Cabinet meeting, Finance Minister Nirmala Sitharaman said that while the Centre will strategically disinvest Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and Container Corporation of India (CONCOR), it will sell its entire stake in THDC India Ltd and North Eastern Electric Power Corporation (NEEPCO) to another state-run power major, NTPC.

  • Government announces big relief to telcos

    Government announces big relief to telcos: Here's what we know so far

    Business | November 21, 2019 8:13 IST

    Indian telecom operators owe the government nearly Rs 1.47 lakh crore in license fee (LF) and spectrum usage charges (SUC), the communications ministry told Parliament Wednesday. According to sources, the move to defer payments for 2020-21 and 2021-22 will give Rs 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance Jio. 

  • Government gives Rs 42,000 crore relief to telcos, defers spectrum payments by 2 years

    Government gives Rs 42,000 crore relief to telcos, defers spectrum payments by 2 years

    Business | November 20, 2019 23:48 IST

    While the move will give Rs 42,000 crore relief to Bharti Airtel, Vodafone Idea and Reliance Jio, the government is unlikely to intervene in the Supreme Court-mandated statutory payments, top sources said.

  • DoT advisory to telcos on sharing In-building telecom

    DoT advisory to telcos on sharing In-building telecom infrastructure

    Business | November 20, 2019 13:27 IST

    "All TSPs are advised to share the in-building infrastructure (systems, optical fibre, other cables, ducts etc) with other TSPs in all government and public buildings as per terms and conditions of their respective licenses," DoT said in advisory to them on November 18.

  • vodafone idea tariff hike, airtel tariff hike, vodafone idea airtel, telecom stress, mobile bills to

    Your mobile bills set to go up as Voda-Idea, Airtel announce tariff hike

    Business | November 18, 2019 22:05 IST

    Come 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.

  • Attention! Delaying zero IUC regime will hurt affordability

    Attention! Delaying zero IUC regime will hurt affordability of telecom services, says Reliance Jio

    Business | November 15, 2019 15:07 IST

    Reliance Jio on Friday said that delaying the implementation of zero calls connect charges beyond January 2020 will hurt affordability of telecom services in a sector where users have benefited from free voice calls. Reliance Jio Director Mahendra Nahata said that the ratio of incoming and outgoing call is now at par with each other and traffic asymmetry can, therefore, no longer be the reason to delay implementation of Bill and Keep (BAK) regime.

  • Huawei to give $286 million bonus its 1.9 lakh staff

    Huawei is giving its 1.9 lakh staff $286 million in bonuses

    Business | November 13, 2019 14:39 IST

    Chinese telecoms giant Huawei will pay $286 million (₹2,050 crore) in bonuses to its staff worldwide and double the salaries for almost all its 1.9 lakh employees for October. The payments are a reward for its workers, who helped the telecom giant through the US ban.

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